Brainstorming
When brainstorming for a product to sell, ask yourself these questions.
- What products or niches are you interested in?
- What products do your circle of friends purchase?
- What problems do you face in your day-to-day life? Are there any products that can solve it?
- What businesses are in your neighbourhood? Can they be converted into an online concept?
- What communities and interest groups are you a part of? Is there anything that interest groups would need or want in their life?
- What products are trending in Korea or Japan? With Korean K-POP and Japanese Anime, there exists an opportunity to import products from different countries and cultures, allowing you to profit by providing access.
- Find winning products in your Facebook Feed! If they are advertising to you and have been in business for 6 months to a year, you can be sure they are making bank!
Research Toolkit!
Great FREE resources
Google Trends
And seeing what ads you get in your Facebook Feed + Facebook Ad Library
Ecomhunt is an advanced product research tool and curated database of winning dropshipping products, as well as a powerful market research and competition analysis software
If budget allows, you should use SEMRush (7-day free trial) to scope out the competition of competing brands and check their keyword strategy and their ads on social media.
Tips for using Google Trends.
Change the default timeline from 2004 to the present. This gives you an idea of whether it’s a stable trend, a cyclical trend, or a one-off interest in the topic.
Find Related Topics. After you enter a search term, you’ll be presented with related products and terms at the end of the page. This can be a treasure trove of related products you can offer in your store.
Keyword Research. It’s important to be targeting buyer intent keywords, and Google Trends helps you a little by giving you “Related Queries”
Timing the Market. These would be one of the rare times you can actually time the market, by looking at cyclical trends you can choose when to ramp up your ad spending when there’s an increasing demand for things like “Christmas Sweaters”
Dropshipping or Private Labelled?
There are pros and cons for each.
To give you an overly simplified answer: If you’re a total newbie, our recommendation is to dropship first, then private label (or private label dropship!)
We recommend this because dropshipping gives you the opportunity to find winning products for little upfront investment or expertise. Once you learn the ropes and know what works, you can move smoothly into the private label realm.
Branded Dropshipping Is The Way
Long term? Branded dropshipping or Private Labels are the way to go. Did you know that MVMT (which was sold for 100Million) sourced from Alibaba? Now that’s one way to FATFIRE Financial Independence, Retire Early (FIRE). Start your store, use our automations and recommended AI to scale and sell it off for a BIG payday.
Where to source products
❌ Avoid these ❌
- Oberlo
- AliExpress
✅ Preferred Manufacturers
- AliBaba
How to source products
- Download Supplier Template
- Change information for your product/company
- Approach 3 suppliers for any one product as you want to get some leverage when negotiating pricing with suppliers
- Filter by verified suppliers by Alibaba
- Ideally 2 years in business
- Revenue should be in the millions
- When inquiring
- Check the cost to have to include your logo/branding for the product
- Input quantity as 1000 as it guarantees you faster response as they are looking for larger orders to fill
- Request for DHL or ePacket
What is Blind Dropshipping? Ask for blind dropshipping so that your invoice is not included in the package.
What is Bulk Dropshipping? Bulk dropshipping allows you to upload/send an excel spreadsheet with your orders for the day, allowing for quicker seamless fulfillment
On to the next step Creating your Store
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