How to select good products to dropship on Shopify

How to choose good products to dropship on Amazon? Here are a few advices and a recommendation to let an expert to the market research. The cost of goods is usually relatively close to the wholesale price, allowing you to sell products at market value and make a profit. The goal of a dropshipping business is to be profitable. If you’re selling a five dollar product, you should be charging around $19.99 for it. You need to consider the cost of goods, marketing, business expenses, and eventually hiring a team. If other brands are undercutting their prices, don’t undercut yours. As long as your prices are fair and within market value, you should maintain a profitable price point. You should also work to increase average order value so that you make a higher profit from every order. Create strategies that will allow you to make more money overall.

When you’re going high ticket with the best suppliers, you’ll have pricing policies that set a Minimum Advertised Price (MAP). That means you can’t discount below that price to beat competitors. But you can convince people to buy from you by offering more than your competitors. You have to ask yourself what your customer wants or needs that is inexpensive and that they’re going to buy anyways. These are usually smaller accessories like a phone case when you get a new phone. For example, if you’re selling paddle boards, you could include an ankle leash or board wax. That way, when they’re shopping for that board and are comparing between you and your competitor, they’ll see the same price. But with you, they’ll get something more.

Aside from the usual dropshipping platforms, consider using alternative ones as well. I recommend trying AliExpress. It has the same vendors who also have eBay accounts in US locations. They are usually faster, as they do not want to get penalized by eBay. They normally have US partners and warehouses and they provide a USPS tracking number. This can be provided to your customer, and makes for better customer satisfaction than providing them with a Chinese international tracking number. Additional tips: When dropshipping from AliExpress, always make sure to select ePacket shipping, and ensure that it is sent via ePacket and not China Post. This is because ePacket can easily be tracked, and China Post is a much difficult platform to navigate as it is mainly in Chinese.

How to find the best products ? A few words about dropshipping market research. Products which are currently trending are great options for your dropshipping business’ inventory. When you can’t decide what the best dropshipping products are, try to look into which products are trending. If you manage to source trending products for your store before they hit the commercial masses, you’ll be able to take advantage of low marketing fees and establish your brand as a leader in that field. Or you can let an expert to do the product market research for you while you focus on marketing or improving your website. Read extra info at Best selling on Amazon.