How can I find the products with minimum competition (profit margin can be low) to invest? And which criteria to specify the level of competition of a product?
I also will like to see some responses on this.But I can tell what I know in this regards.
1. Use Google. I usually Google dropship my product. E.g dropship chandeliers.it will throw up a no of sites that has those terms in the site meaning you can see some of the dropshippers you need.then give them a call.
Usually localized services have minimum competition, because affiliates from outside the region can't compete with the local ones. You can't sell a plumber service for San Francisco in Miami. Other than that "minimum competition" is what everyone's after.
I believe if you type exact search phrases in Google and look at the number of results, you can get an idea of the competitiveness of your expression (the higher the number of results, the more competitive). Also you can use google adwords tool to check the CPC, if the CPC is high, then it's more competitive. But everyone knows adwords data is shit now.
Good webinar I ripped from the site on which I watched it. Had to upload it in pieces because file was so large. I am in NO WAY affilated w/ the webinar hosts. Just thought it was a really good breakdown of the dropshipping game even though they push the up-sale throughout.
After thinking for many days, I think that you should not follow any steps. Because if I do, other people can do as well then the product I choose will not be a niche product. Is it a paradox?
After thinking for many days, I think that you should not follow any steps. Because if I do, other people can do as well then the product I choose will not be a niche product. Is it a paradox?
You really think that whatever you decide to sell will be completely off-market up until you begin selling it? Unless you're doing start-up's and bring new inventions to market, going to either play on quality or quantity resell game:
Quality: Push items that are on higher end that will bring nice profit (think flipping cars)
- Pro: Earn more per item
- Con: Sell less of the item + larger initial investment (unless you get creative on acquisition of product)
Quantity: Push items that cost less and move volume (think pushing cell-phone cases)
- Pro: Will move ALOT of items + lower entry point to get started
- Con: Will make less on each item
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