Around 27% of retailers use dropshipping as their main method of fulfillment. This shouldn’t come as a surprise, considering the number of digital buyers is projected to increase from 1.52 billion in 2016 to 2.41 billion in 2021.
If you’re looking to make more money, dropshipping is a great eCommerce fulfillment in toronto business to try out since it has low startup costs and no need for inventory.
Are you convinced? Then here are 4 tips for choosing the best dropshipping products.
1. Find a Niche
You might be tempted to choose products that are trending; they’re the best items to dropship in the short term after all, as they’ll bring in lots of profits.
But you have to remember that trends are short-lived, which means you’ll have to either constantly switch your products out for new trends, or you’ll have to keep them in your eCommerce shop and risk barely bringing sales in.
The best thing to do is to find a niche instead of purchasing random hot items. Do some product research to figure out which niche is best for long term sales that will probably remain high volume as well.
2. Choose Eye-Catching Items
The best dropshipping products will be flashy and/or colorful. Keep in mind that the bulk of eCommerce purchases are impulse buys, so you want something that will instantly catch someone’s attention and make them want it.
Not only should these items be eye-catching, but they should be relatively cheap as well. No one impulse buys something that makes them second-guess the price.
If you choose products that are priced low, you can sell low as well. As a result, you’ll get those impulse buys rolling in.
3. Choose Good Quality and Useful Products
On the other hand, when you choose higher ticket items, you’ll want to make sure they’re both high quality and useful for your customers. Think about offering something they can’t find in local stores so they have a compelling reason for ordering online from you.
If you can do this, then customers will be willing to pay a little more to receive something that’s handy to use.
4. Learn From the Best
There are some big names out there that have really nailed the eCommerce business. Take a look at sites like AliExpress to see what people like to buy on there.
Take a look around their site. Don’t just look at normal stock; also see what they put on sale or flash sales. Some websites also offer new user deals, so take a peek at what they offer there and try to follow their model.
Use These Tips for Choosing the Best Dropshipping Products
Now you have some great pointers for choosing ideal dropshipping suplements for your eCommerce business. By utilizing these dropshipping tips, you’ll be well on your way to making those big bucks. Researching shipping options that you can upgrade to, as well as comparing shipping rates, will help grow your business and improve your revenue, if you decide to do your own shipping.
Did you find our dropshipping guide helpful? Then make sure to take a look at our other blog posts too!