Products should be evergreen so you can profit all year round, unlike Christmas ornaments or Halloween costumes.įinally, you don’t want products that are likely to have high return rates or negative reviews. Products with a high turnover rate sell well and will bring you a consistent income stream, and niches with low competition are easier to break into. The first two criteria are self-explanatory. When you pick a product category, you want to look for the five following things: It’s important to research your niche carefully. You can get niche ideas from the list of categories on AliExpress. You can narrow down your niche even further and focus on a sub-niche, such as: A niche is a product category that you will work in. You need to do your market research and have a strategy beforehand. Like any business, you can’t go into dropshipping blind. Now that we know what dropshipping is, its benefits, and where to sell, let’s go over the steps you’ll need to take to be a successful Amazon dropshipper. In this article, we will focus on selling on Amazon and using AliExpress as a source.Īmazon is the top eCommerce marketplace in the world, and selling on Amazon gives you access to hundreds of millions of buyers.ĪliExpress is a great place to source products from because the products there are cheap and plentiful. There are a number of places you can sell your products, and there are a number of places to source from. Dropshipping gives you a chance to test a product’s profitability you always retain the option of purchasing it in bulk later if it sells well. It’s hard to know beforehand how well a product will sell. Storing products in a warehouse isn’t free, and the longer it takes to sell a product, the more you will end up paying in storage fees. Not only will you lose your original investment, but you will lose money on the storage fees. What happens if you only sell 20 percent of your stock? In addition, when you order a product in bulk, you run the risk of not being able to sell all of it and losing money.
If you are jump-starting a business on a small budget, dropshipping is a lifesaver. The top reason to use the dropshipping model, which is what makes it so popular, is that you don’t have to invest any money upfront. Related: Best Dropshipping Companies & Sites Why Use The Dropshipping Model
You don’t have to take care of storing, shipping, and handling, but you do get to earn money. In other words, as a dropshipper, you are a middleman between the supplier and the consumer. You collect the price difference, which is your profit.
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