Have you not figured out that when you choose a perfect dropshipping niche, you shed off so much stress? As people continue to build good business mindsets and subsequently use the same mindset to think up new ways to twist business models, a lot of business procedures are being altered.
Dropshipping is a twisted business model born out of a desire to make sales without being present in a manufacturing complex or business premises and as such, avoid unnecessary stock and record keeping.
Generally, dropshipping is a term used to describe a business method in which the retailer does not keep goods in stock but would rather receive orders from a customer, push it to the manufacturer, a wholesaler, or even another retailer for shipping or delivery directly to the customer.
With the COVID-19 pandemic and its adverse effects on businesses where businesses are looking to increase profit, especially those who have rent to take care of, it has become very obvious that so many companies would have to vacate their business premises. You don’t have to stay out of sales, dropshipping can take care of that!
Is Dropshipping still profitable? The answer is an emphatic yes!
This order fulfillment model is the brain behind over 30% of the success online stores enjoy. Have you considered Amazon’s business model? Over 30% of Amazon’s sales in 2011 were fulfilled through a drop shipper.
For you to be successful in dropshipping, you must choose a perfect dropshipping niche. Selling whatever you feel like selling will not get you the profit you desire and as a matter of fact, this contributes to a large number of dropshipping failures recorded.
In this article, you will learn how dropshipping gurus make several figures in income dropshipping.
Are you dropshipping profitably already? I’d like to know what you think.
Choosing A Perfect Dropshipping Niche
- The Need Factor
You see, there is a difference between need and want. You can make some good money selling what people want (luxury products) but you will surely make more money selling what people need. While this may not happen to be a popular opinion, it is actually true.
What do the people you know or have access to need? That could be a pointer to the next big product!
Needs abound. When choosing which need to help people with, the one thing you should have at the back of your mind is profit. I noticed the crazy rise in need of nose masks and hand sanitizers the past few months. People who keyed into that need cashed out. Why shouldn’t you cash out when trying to help people solve a problem?
- Brainstorm Dropshipping Ideas
It is not enough to figure out what people need, you should trim it down to a few. People need nose masks (for instance), what kind should you sell? What are the benefits to users? What are the features? You decide your success when you give a good answer to those important questions while having people in mind.
What dropshipping niche does it fall into? You shouldn’t dabble into every niche or even highly competitive niches. A Nigerian friend of mine started an online store where he sells unpopular but high demand products. The business model of Rydox Stores was built solely on niche products.
- Evergreen Or Trending Products
This is a big deal and where most people miss it. Let us go back to this pandemic illustration for a minute. So, a lot of people dropshipped nose masks and hand sanitizer but as the pandemic nears its end, manufacturers who keep producing are about to lose big money. As a “drop-shipper”, there is no need to continue advertising a product that is nearing the end of its popularity.
What is the nature of the product you should choose? A trending product or an evergreen product? The major difference is those evergreen products lasts way longer than trending products and as such, their demand is considerably flat but trending products are always like a sine curve; they rapidly climb high only to fade into oblivion.
- Conduct A Keyword Search
People have a search habit, study it!
If you intend to promote those products online, social media, or not, do a keyword search to know how people are searching for those products. In these days of social media craze, an industrious person can tap into the internet to either conduct a poll or crawl through people’s online spaces to find out what they are searching for.
Doing a keyword search to determine what to sell is like doing a keyword search to never lack content ideas. Tools like google trends can be of great assistance to you if you master how to use it productively.
In your internet marketing strategies, you would find out that people only see your adverts more when they search for what they want if their search aligns with the keywords you targeted. If you still do not know what product to promote, you can try NicheScraper tool. NicheScraper is a great tool that helps you find the right dropshipping product to choose.
Dropshipping is still profitable but a huge part of its profitability is reliant on the product you choose to promote. When you promote what people need and are searching for, you are on your way to picking a lot of money from the table without lifting a finger.
[This post contains an affiliate link. I would receive a little token if you purchase anything through it at no cost to you. Have I told you I have a little furry puppy?]
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