Top 5 Best Products to Sell Online
In this article, I will be discussing the best-selling and easy to source products that are perfect to start a drop shipping business. The two criteria that make a product appropriate for drop shipping is that it must be popular and must cost less to purchase. A product must be popular which means it must be high-selling items that are often purchased on eBay, Amazon and other popular online shopping platforms. Apart from drop shipping or even in wholesale purchasing, a product would normally cost far too much money to purchase and store the inventory, which is why drop shipping is preferable for a beginner with a little amount of money to spend. You might think that starting an e-commerce drop shipping business sounds exciting, right? Yes, it certainly is, but might also be a good idea to temper your enthusiasm with sober-minded considerations. This is because of as much fun as it is to start your own drop shipping business, it is important to be aware of the dangers presented by even the most popular and profitable products. To do this successfully, you always need to do your research to know the products that are selling very well with a decent profit. I have however listed below top 5 product categories that are always selling very well:
Let’s start putting in the legwork with our first product: shoes.
The number one item on this list is highly profitable. Shoes sell and are bought every day both offline and online. People never get tired of buying shoes more especially women. A woman will have 20 pairs of shoes but will still be counting to stock more by buying the latest shoes that come to the market. For example, Zappos is a good example of how well it is possible to do well online selling shoes. According to information, this retailer has gone from $1.6 million in revenue to more than $1 billion in a spate of seven years. If you do the math, it is nearly a 1,000 per cent increase in revenues.
What is more important, there is really no barrier for entry as shoes are easy to buy whether as drop shipping or as wholesale and it is easy to start selling from your own website. If it is too much hassle for you to start your own website, you can sell on either eBay, Amazon, Shopify and other online marketplaces like Bigcommerce, Etsy, etc. The profits you are likely to achieve in the online shoe selling and drop shipping business are nothing to sneeze at either as there are considerably good margins on drop shipping shoes that are bought wholesale.
A camera is a more expensive item, so you’ll make good money every time you make a sale, and that’s an important factor. And just like bikes, a camera is another hobbyist item. All sorts of hobbyists collect cameras, including home security buffs, recreational photographers, and professional photographers. There is also a great number of accessories to cross-sell such as lenses, lens covers, tripods and other items that will fetch a good price from loyal customers
However as much as it looks like a good business, it is not all sunshine and roses in this business and you need to look out for the numerous scams and crooks that are out there. There are plenty of dangers to the average online seller if you are not careful and drop shipping is no exception. Fake supply websites seem to pop up on a daily basis and it is relatively easy to mistake for the real suppliers. So you need to do your research rigorously and be sure that you have connected with the right manufacturers/suppliers that will help you in your drop shipping business.
If you are planning to drop ship either of these products, you don't need to purchase your inventory from another drop shipping website as they are buying it from a source and had already marked the prices up to make themselves a profit. What you should do is go to the manufacturers direct, so that you won't be a second or even third middle man between customer and inventory.
Another thing to look out for is fake or damaged products. Fault designer goods that masquerade as the real thing can get you into a lot of trouble with trademark infringement laws. So always be sure that you are not selling fake goods in place of the actual designer merchandise. Damaged goods can be a big problem, more especially in the case of electronic or intricately built equipment such as cameras or bikes.
It is also hard to find reliable drop shippers these and thus it takes a lot of research, trial and error and sometimes a misstep before settling on a solid supplier. If you want to cut out the guesswork and get to shipping these items right away, you might want to give the SaleHoo Directory a trial run. SaleHoo paid directory is comprehensive and thoroughly vetted to weed out scammers and the time you will save searching for a dependable supplier cannot be understated.
- Shoes
- Sunglasses
- Handbags
- Bikes
- Cameras
Let’s start putting in the legwork with our first product: shoes.
Shoes: a multi-billion dollar market
The number one item on this list is highly profitable. Shoes sell and are bought every day both offline and online. People never get tired of buying shoes more especially women. A woman will have 20 pairs of shoes but will still be counting to stock more by buying the latest shoes that come to the market. For example, Zappos is a good example of how well it is possible to do well online selling shoes. According to information, this retailer has gone from $1.6 million in revenue to more than $1 billion in a spate of seven years. If you do the math, it is nearly a 1,000 per cent increase in revenues.
What is more important, there is really no barrier for entry as shoes are easy to buy whether as drop shipping or as wholesale and it is easy to start selling from your own website. If it is too much hassle for you to start your own website, you can sell on either eBay, Amazon, Shopify and other online marketplaces like Bigcommerce, Etsy, etc. The profits you are likely to achieve in the online shoe selling and drop shipping business are nothing to sneeze at either as there are considerably good margins on drop shipping shoes that are bought wholesale.
Sunglasses
Sunglasses are another popular drop shipping product for several reasons. First, there is virtually always a high level of demand, because it’s always sunny somewhere. Not to mention, sunglasses are easy items to misplace or break. These factors add up to a fairly consistent market. Just like the other items on this list, the profit margins can withstand the average litmus test, usually less than $10 if you source from wholesale sunglasses suppliers. According to research, the average selling price for sunglasses is $34.56, depending on the brand.
Handy little handbags
Designer handbags are luxury items and status symbols, always in demand among those with disposable income. You can grab them cheap at wholesale prices and drop ship them to your customers for high profits. The average selling price for a designer handbag is around $38.90 and you won't have to look for big-money items right off the bat, to start. You may wish to do an outright drop shipping in which case you won't have to buy in wholesale but rather list the items on your store after you have found a supplier. When the item sells all you have to do is to take out of the money the buyer pays you, to order the handbag from your supplier who will in turn ship the item straight to your customer from the address you gave to your supplier and you will still be able to make a decent profit.
Bicycles
Drop shipping bikes and bike accessories can be a highly profitable niche to get into. Sports enthusiasts can make some of the most loyal customers. People that own a bike will need parts, pads, lots of clothing, and plenty of accessories that can all be cross-sold. Another thing that makes bicycling such a profitable niche is the passion you will find among lovers of bicycles. Hobbyists always make the best and most consistent customers as they cannot do without riding bicycles whether it is expensive or not as they are already addicted to bicycling. Bicycles can be quiet expensive and this means more expensive items will result in higher profits. Also, bikes and bike parts are available at a wide range of prices, both wholesale and retail that can fit into any budget. All you need do is to start small and build your business, in no less time you will begin selling expensive 10 speeds.
Cameras
Cameras are more expensive items so you will make good money every time you make a sale which is an important factor. Just like bikes, a camera is another hobbyist item. Hobbyists collect cameras, including home security stuff, professional photographers and recreational photographers. Lovers of cameras are so addicted and buy the product at will, some actually build a collection of cameras for the love of it.A camera is a more expensive item, so you’ll make good money every time you make a sale, and that’s an important factor. And just like bikes, a camera is another hobbyist item. All sorts of hobbyists collect cameras, including home security buffs, recreational photographers, and professional photographers. There is also a great number of accessories to cross-sell such as lenses, lens covers, tripods and other items that will fetch a good price from loyal customers
However as much as it looks like a good business, it is not all sunshine and roses in this business and you need to look out for the numerous scams and crooks that are out there. There are plenty of dangers to the average online seller if you are not careful and drop shipping is no exception. Fake supply websites seem to pop up on a daily basis and it is relatively easy to mistake for the real suppliers. So you need to do your research rigorously and be sure that you have connected with the right manufacturers/suppliers that will help you in your drop shipping business.
If you are planning to drop ship either of these products, you don't need to purchase your inventory from another drop shipping website as they are buying it from a source and had already marked the prices up to make themselves a profit. What you should do is go to the manufacturers direct, so that you won't be a second or even third middle man between customer and inventory.
Another thing to look out for is fake or damaged products. Fault designer goods that masquerade as the real thing can get you into a lot of trouble with trademark infringement laws. So always be sure that you are not selling fake goods in place of the actual designer merchandise. Damaged goods can be a big problem, more especially in the case of electronic or intricately built equipment such as cameras or bikes.
It is also hard to find reliable drop shippers these and thus it takes a lot of research, trial and error and sometimes a misstep before settling on a solid supplier. If you want to cut out the guesswork and get to shipping these items right away, you might want to give the SaleHoo Directory a trial run. SaleHoo paid directory is comprehensive and thoroughly vetted to weed out scammers and the time you will save searching for a dependable supplier cannot be understated.
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