Three quick and easy ways to find winning products for dropshipping on Shopify
Dropshipping is an online selling method that allows entrepreneurs to sell products without physically stocking them. Instead, the products are shipped directly from the supplier to the customer. This enables entrepreneurs to focus on sales and marketing, rather than inventory and logistics management. However, to succeed in dropshipping, it is essential to find winning products that sell well. In this article, we will share three quick and easy methods to find winning products for dropshipping on Shopify.
Method 1: Amazon Movers and Shakers
The first method we will use to find winning products for dropshipping on Shopify is called Amazon Movers and Shakers. To access this page, go to amazon.com, select the "All" tab, and choose "Movers and Shakers". This page will show you the hottest products of the last 24 hours on Amazon, categorized by category.
To get started, select the category in which you want to sell. Then, look for products that fall within the price range of $50 to $100, as this will give you enough opportunities to make a decent profit margin on each sale. For example, you can find a telescope on the Movers and Shakers list. It has been trending for the past 24 hours on Amazon, priced at $99, and has many positive reviews.
The next step is to find a supplier who sells this product on AliExpress. You can find a supplier selling this product and shipping directly from the United States in just seven days. If you sell this product at the same price of $99, you will make a profit of $20 for each sale. However, to increase this profit margin, we suggest listing this product at the original price of $129.99, which will give you a profit margin of $50, allowing you to cover advertising costs to attract customers to your site.
Method 2: TikTok Made Me Buy It
The second method we will use to find winning products for dropshipping on Shopify is TikTok Made Me Buy It. To do this, go to your TikTok profile page, select the Home button, and then tap on the Search tab at the top right.
You can search for various things, such as "wishlist Christmas 2020" or "Christmas gift ideas". For this example, we will select "TikTok Made Me Buy It". You can then browse through trending videos that have millions of likes and views of products you can sell.
For instance, you can find a magnetic levitation bulb that has been very popular for people selling it on Shopify. You can find a supplier on AliExpress selling this product for around sixty dollars. They have several options to choose from, with or without a wireless charger, and they have different plug types to target different countries. This product is shipped from China, so you can find another supplier for faster delivery times.
Method 3: AliExpress
The third method we will use to find winning products for dropshipping on Shopify is directly on AliExpress. To do this, select the category in which you want to sell, and then start updating the filters at the top of the page. For example, you can choose the "Sports and Outdoors" category, set the minimum price of the product to $20, sort by orders, choose products shipped from the United States, and select products with a rating of 4 stars or more.
Then, you can browse through the pages to find unique products with high perceived value that will be priced where you can achieve a solid profit margin. For example, you can find a camping stove that is unique and not sold in stores. It costs $57.99 and is shipped directly from the United States via UPS in just five to nine days.
Conclusion
By using these three methods, you can find winning products for dropshipping on Shopify. It is important to look for unique products with high perceived value that will be priced where you can achieve a solid profit margin. Remember to conduct tests to see which products work best for your business.
FAQ
Q: How can I find suppliers for the products I want to sell?
A: You can find suppliers on sites like AliExpress or Alibaba. Look for suppliers with good reviews and fast shipping.
Q: How can I know if a product is a winning product?
A: Look for products with high perceived value, uniqueness, and good reviews. Test different products to see which ones work best for your business.
Q: How can I increase my profit margin?
A: You can increase your profit margin by selling products at a higher price, reducing your advertising costs, or finding suppliers who sell products at a lower price.
Q: How can I find competitors selling the same products as me?
A: You can search on Google for the product name plus "Shopify" to find competitors selling the same product as you.
Resources:
- https://www.aliexpress.com/
- https://www.voc.ai/product/ai-chatbot
