How to select good products to dropship on Amazon? Here are a few tips and a recommendation to let a pro 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.
After you run your store for a while, you’ll learn the most common questions your customers have. If you get a few questions a week about similar topics, just know that there are 100 or so people that didn’t ask that same question and just left. Sometimes, people will chat or call for answers. However, most people will be lazy and just leave. With a Frequently Answered Questions Section (FAQ for short), you can give them the answer and get them to buy no matter what time it is.
In terms of what products to sell via dropshipping, you might easily be tempted to offer just about anything that can generate a good profit as long as there are suppliers around. But before you post photos of those large vases or paintings or those home theater systems that you couldn’t believe suppliers are selling at a really low cost, remember the risks involved in a dropshipping business. Logistics should be one of your top concerns when shipping an item, so it is better to consider light and durable products instead of heavy and fragile ones. It’s also wise, especially if you’re just starting out, to steer clear of products that require more than simple technical assistance to set up.
How to find the perfect 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 more details on Best selling on Amazon.