Every single newcomer thinks that the $20 profit by selling products is ok, but let’s see if it is possible to make money from the sale of one product and get $100 net income.
If you have 10-20 top winning products, then you can start to earn good money and can concentrate on testing other products.
Of course, you can find a product that costs $20 on aliexpress and sell it for $120 – $140, as was the case with the popular quadcopter AEOFUN this summer.
It was quite a popular product, but it was this summer, and what are you going to sell in the fall, winter and spring? After all, everyone needs a business that brings him money all year round.
Therefore, it is not necessary to have the illusion that you have found some product that makes you rich within 60-90 days.
Your task is to find such goods that would constantly move your dropship business forward and you could grow by $ 2,000 – $ 3,000 each month, and some of you could grow by $ 10,000 – $ 50,000 each month.
This is not a joke, but a reality, if you take this issue very seriously.
You can begin testing products in order to find high margin products, but this can take a lot of your precious time.
First of all you need to understand what kind of niche you want to choose and whether it is so popular that you could pick up a great deal of top winning products in the niche.
Secondly you have to understand that you need to sell low cost products with high profit margins where you have a net income of $50 by every single sale, or even better $100
Just realize that smaller margins make you crash and burn in the business.
There is no need to think that you can create a dropship empire with only 1 top winning product in your store. I recommend you to sell only bestsellers in your online store and then you will have a rapid growth of your ecommerce business.
Let’s see which products and niches are popular at the moment.
- Jewelry is quite a popular category of goods, where rings, bracelets, earrings and pendants are selling extremely well.
- TV accessories is another popular category. Here you can choose fully crafted TV wall mounts, tabletop stands, and earth-shattering audio systems at a low price from the supplier. New video game console systems are starting to emerge right now and you can use the chance to sell them worldwide.
- Beauty products are also quite popular in the world and we have lots of clients who need us to find 300 – 400 top winning products in the beauty industry each month.
- Kids toys store can be also your ticket to success in ecommerce business. Again, here you need to understand there are toys that are sold every year and quite successfully, and there are those that appear and disappear, as was the case with the spiner.
- Women clothing is the niche you need to dive into right now! Why? As you all know women love shopping and buying 20 products in one day is quite a normal thing for any woman. Some may even spend all the money on top clothing products, and therefore there is a need to sell as much as possible such things that every woman needs.
The women’s clothing industry is so developed and popular that even by selling one top product you earn more than $100 of net profit.
I know that many dropshippers want to starting ecommerce business from scratch and succeed in one week, but it doesn’t mean you succeed in on week, or in one month, because you will struggle finding top winning products and you will fail for sure.
There are a lot of pitfalls here. However, there is a solution that allows you to find not only the top profitable products for your online store, but also to dive into a supplier base, find out which new products will soon appear on the market and whether they will become popular.
Moreover you will increase your profits by three times by increasing the prices of existing groups of products in your store and we will show how to do this without serious consequences for your customers.
Let’s say, your online business brings you $ 2,000 per month. We will get suppliers for you, choose only high margin products and increase the prices of some of your products in the store so that your business will start bringing you $ 6,000 a month. Then we will begin to expand the range of products in your store in order to scale your business in 1 year, so you will start making 10,000 dollars a month.
If you want to use this opportunity and gradually become the number one in your niche, then click on the link to get more information on how to do that.