To be successful in dropshipping, you need to find the winning product. Let’s learn how to find winning products for dropshipping.
Sometimes you just need one great product to make you successful when it comes to dropshipping. But if you can find more than one, you could be making 6-figures or more every single month.
You will discover how to find and sell the top-selling products for your online business in this article. You’ll learn what makes great dropshipping products, where to find them, and what is most likely to be popular next.
If you want to learn more about dropshipping or take your dropshipping business to the next level, we have many other articles, guides, and resources here for you.
What is a winning product?
“Winning product” is a phrase used by dropshipper that stands for a product that is really hot to sell right now. It’s something that a lot of people want to buy a lot of.
Now you might be thinking, people use cups every single day. You can sell cups and become a millionaire. I wish it worked like that. But it doesn’t.
Below is a guide that will help find a winning product.
How to recognize a winning product for dropshipping?
With the help of social media, it is not very hard to recognize a winning product. Whether you know it or not, you might’ve seen an ad on Facebook with a winning product.
But you have to know what made this product a winning product for dropshipping.
You have to think about the emotion generated by the product on your or someone else (the buyer and the seller). When seeing the product, the buyer should feel like this product is something truly incredible and want to buy it as soon as possible.
If you see or feel this with any product you come across, then you have recognized a winning product for dropshipping.
How To Find Winning Products For Dropshipping?
There are a few criteria and requirements you need to look for when you are trying to find winning products for dropshipping:
Be rare or hard to find
the item should not be easy to find offline. It should not be available in supermarkets. There are very successful products that are only available on the Internet.
Has a “wow” effect
As soon as a potential buyer is confronted with the product, he or she must have the impression that the item in question is indispensable. They must be ready to buy it, regardless of its price.
Meets a real need
the item should make the buyer’s life easier. It may save time and remove a burden or anxiety. The item should help to relieve the buyer of a burdensome task.
Offers very good margins
In the dropshipping world, the resale price is often 2 to 5 times higher than the purchase price. Therefore, you need to start this business with the right mindset. On the web, there are watches whose resale price is 10 to 30 times the purchase price.
Have a good supplier
In dropshipping, the winning product must have a good stock. Deliverability should not be a problem. It is imperative that you do not run out of stock while the products are selling well. Check with the supplier that the items for sale are not out of stock. If you are concerned about the risk of stock-outs, you may wish to use other suppliers in addition to your main supplier. If you do not like this alternative, you can check with your current supplier about their production capacity. This will help you to anticipate and react proactively.
What products should be avoided for dropshipping?
We looked at how to find winning products for dropshipping but it’s equally important to look for products to avoid so you do not make the mistake of choosing one of these products as a winner.
Branded or licensed products
This alternative is only worthwhile if you manage to establish a partnership. You also need access to rights or a reseller’s license. Do not offer licensed or trademarked products to avoid getting bogged down in a complex business. By avoiding these products, you don’t risk losing everything overnight.
Selling clothes should be left to experienced sellers. The sizing system is often different if the clothes come from different countries. This can lead to ambiguities.
A winner is, first and foremost, a functional product. Therefore, if you choose a fragile item, you may face breakage problems. The product will be damaged on delivery. With a damaged item, you will lose customers who might be interested in placing multiple orders.
Winning Products For Dropshipping From The Past
The winning products for dropshipping vary every year depending on the trend. In dropshipping, the winning product of 2019 was items made from natural ingredients. The sale of essential oils was very successful. The global aromatherapy market was estimated to be worth more than 3 billion euros in 2019. Dietary supplements gained great popularity.
In 2020, electronic and recyclable products will be very successful. These include the massage gun, FPV glasses, shoe dryer, steel straws, shoulder-back massager, and portable inhaler.
In 2021 and 2022, the winning products are those in the electronic and health fields. Interesting items are induction or wireless chargers, acupuncture pens, massage guns, etc.
How To Search For Winning Products For Dropshipping?
No matter how many ads you look at or how many hours you spend on social media, finding a winning product can still be hard. But don’t worry. There are many websites and tools out there that can help you search and find the winning product.
Minea is one of the most powerful and practical tools for identifying winner products on social networks. When searching, this tool refers to platforms such as Facebook, Instagram, Snapchat, Tik Tok, Pinterest, etc. It has many powerful features. It analyzes ads on Facebook, the display of ads on Instagram, Snapchat, Tik Tok, etc. It also analyses the products sold by your competitors. The winning products offered by Minea can be sold on different sales platforms.
This platform is mainly specialized in the sale of products at low prices. If you are still a beginner, you just have to open an account and go to the Dropshipping center. Choose the category that suits you best. Once this is done, sort the results by the number of orders. Simply paste the product of your choice into the “Product Analysis” tab of the Dropshipping Center.
You will see a graph showing the fluctuation of sales in relation to this article. You will be able to deduce whether sales are falling, rising, or stagnating.
Dropizi is efficient in checking how reliable a product is. This platform has an extension that allows you to see the rating of a product on the AliExpress website. When the extension is activated, and you browse the site, you can easily find a list of bestsellers. This process’s disadvantage is that the offered products may not be interesting in a few months.
If you choose a particular item, go deeper into your analysis. With Dropizi, you will be able to see essential information such as the number of sales, delivery time, reviews, etc. This platform allows you to automatically add the winning product to your shop’s catalog.
You Are Ready!
Now you have learned everything you need to know on how to find winning products for dropshipping.
Use any of the tools above to find all your winning products for dropshipping and help your business grow!