How To Find Winning Products For Dropshipping In 2024 (Full Guide)
Summary
TLDRIn this video, Alex shares five effective methods for finding winning products for a dropshipping store, focusing on unsaturated, high-demand products with low competition. He outlines his winning product criteria, emphasizing problem-solving, uniqueness, evergreen appeal, and high profit margins. Techniques include exploring TikTok trends, using advanced tools like Mia for ad analysis, identifying reliable suppliers, leveraging Glimpse for trend analysis, studying successful stores on Flippa, and examining the bestseller list on Teemu. The video also highlights the importance of branding and quality control for building a successful dropshipping business in 2024.
Takeaways
- 📝 Alex introduces five methods to find winning products for a dropshipping store, emphasizing the importance of product research for success.
- 🎯 The 'winning product criteria' includes solving customer pain points related to health, wealth, or relationships, and offering a 'wow factor' to stand out in the market.
- 🔍 Products should be unique, not easily available in stores, unsaturated, evergreen, and have a high profit margin before advertising costs.
- 📱 The first method involves using social media platforms like TikTok to identify trending products by searching for relevant hashtags and analyzing top-performing videos.
- 🛒 The second method recommends using an advanced ad spy tool like Myia to discover top-performing products and trends across various platforms, including Facebook, TikTok, and Pinterest.
- 🔗 Alex suggests finding reliable suppliers as a crucial step, recommending 'Fulfillment' as a dependable alternative to AliExpress, offering fast shipping and quality control.
- 📊 The third method is using Glimpse for advanced trend analysis, similar to Google Trends but with more in-depth insights, to identify popular niches and products.
- 💼 The fourth method involves analyzing successful dropshipping stores listed for sale on platforms like Flippa to understand what products and strategies are working well.
- 🏆 The final method is examining the bestseller lists on platforms like Teemu, despite reservations about the source, to find products with proven demand.
- 📈 Glimpse can also be used to validate potential products by checking their search trends, related products, and regional interest.
- 🛍 Alex offers to send winning product notifications to subscribers, encouraging viewers to sign up for updates and to share the video for more content.
Q & A
What are the five different ways mentioned in the script to find winning products for a Drop Shipping Store?
-The script outlines five methods: 1) Using social media platforms like TikTok with specific hashtags to find trending products. 2) Utilizing an advanced ad spy tool called Myia to identify top-performing products and trends across various platforms. 3) Conducting trend analysis with a tool called Glimpse, which is more advanced than Google Trends. 4) Analyzing successful drop shipping stores on acquisition websites like Flippa to understand what products are selling well. 5) Checking the bestseller list on Teemu to find products with high demand.
What are the three most profitable niches for selling products according to the script?
-The three most profitable niches mentioned are health, wealth, and relationships. Products in these niches should solve problems, save money, or improve confidence and attractiveness.
What is the 'wow factor' in the context of product selection for a Drop Shipping Store?
-The 'wow factor' refers to the unique and attention-grabbing quality of a product that stops customers from scrolling past it. It implies that the product should be distinctive and not readily available in physical stores to avoid direct comparison and competition.
Why is it important for a product to be 'Evergreen' in the context of a Drop Shipping Store?
-An 'Evergreen' product is one that sells consistently all year round without being influenced by seasonal trends. This ensures a steady revenue stream for the store without the need to constantly change the product lineup based on seasons.
What criteria should be kept in mind when evaluating potential products to sell, as mentioned in the script?
-The criteria include solving customer pain points, having a 'wow factor', being unique and not sold in stores, being unsaturated with low competition, being Evergreen, and ideally having a profit margin of at least 70% before ads.
What is the significance of using TikTok hashtags such as #TikTokShop and #AmazonFinds for product research?
-These hashtags on TikTok can display a variety of products that are currently winning in the market. By observing what's performing well and trending, one can get ideas for potential products to sell and understand current market trends.
What features does Myia offer that make it an advanced ad spy tool for Drop Shipping Stores?
-Myia provides a list of top 100 winning products to sell on various platforms, the ability to scan ads from Facebook, TikTok, and Pinterest, and filters to narrow down searches. It also offers insights into top-performing products and trending drop shipping shops.
Why is finding high-quality, reliable suppliers important for a Drop Shipping Store?
-High-quality, reliable suppliers are crucial for ensuring fast shipping times, avoiding long wait periods, and maintaining good product quality. This helps in building a strong brand reputation and customer satisfaction, which are essential for scaling the business.
What are some of the benefits of using Fulfillment as a supplier for a Drop Shipping Store, as mentioned in the script?
-Fulfillment offers guaranteed 3 to 5 day shipping times, a private line of logistics, bundling options, and branding opportunities like custom packaging and business cards. It also integrates directly with Shopify stores and has good quality control in place.
How can Glimpse be used to perform trend analysis and identify potential products to sell?
-Glimpse allows users to explore different niches and see what people are searching for in real-time. It provides data on search volume, growth, similar searches for keywords and SEO, related products, and interest by region, which can help identify trending products and understand market demand.
What is the purpose of analyzing successful drop shipping stores on Flippa for product research?
-Analyzing successful stores on Flippa provides insights into what products are selling well and what strategies are working for other drop shippers. It can also reveal financial statistics and brand information, which can be useful for trend analysis and understanding the market.
What caution should be exercised when considering products from the Teemu bestseller list for a Drop Shipping Store?
-While the Teemu bestseller list can indicate high-demand products, it's important to conduct further research to ensure the products are not saturated and still offer potential for profit. Additionally, the quality and demand should be validated through other means such as social media ads and trend analysis tools.
Outlines
🛍️ Finding Winning Products for Dropshipping
In this video script, the speaker, Alex, introduces five different methods for finding winning products to sell in a dropshipping store. The focus is on identifying unsaturated products with high demand and low competition. Alex shares his winning product criteria, which includes solving customer pain points related to health, wealth, or relationships, ensuring uniqueness, avoiding saturation, and aiming for evergreen products with a 70% profit margin. The first method discussed involves using social media platforms like TikTok to discover trending products by searching for specific hashtags and analyzing product performance and reviews.
📈 Advanced Product Research Tools and Supplier Selection
The speaker continues with the second product research method, introducing 'Myia', an advanced ad spy tool that provides lists of top products and trending dropshipping shops across various platforms. Users can scan and filter ads to identify trends and high-performing products. The script then transitions to discussing the importance of selecting reliable suppliers, highlighting 'Fulfillment' as a preferred alternative to AliExpress, offering fast shipping, quality control, and branding options. The speaker also mentions using Glimpse for advanced trend analysis similar to Google Trends, but with more detailed insights. The method allows viewers to explore niches, analyze product demand, and identify the best channels and regions for specific products.
Mindmap
Keywords
💡Drop Shipping
💡Product Research
💡Winning Product Criteria
💡TikTok
💡Mia
💡Fulfillment
💡Glimpse
💡Flippa
💡Teemu
💡Profit Margin
Highlights
Five different ways to find winning products for a Drop Shipping Store are discussed.
Product research methods aim to find unsaturated, high-demand products with low competition.
Winning product criteria include solving health, wealth, or relationship problems.
Products should have a 'wow factor' and be unique, not available in local stores.
Evergreen products with year-round demand and at least a 70% profit margin are ideal.
TikTok can be a source for discovering trending products using specific hashtags.
Mia is an advanced ad spy tool for identifying top-performing products across platforms.
Fulfillment is recommended as a reliable supplier alternative to AliExpress.
Fulfillment offers 3 to 5 day shipping times and branding options.
Glimpse is a powerful tool for trend analysis, similar to Google Trends but more advanced.
Flippa is used to analyze successful drop shipping stores and their products.
Teemu's bestseller list can provide insights into high-demand products.
Product research includes analyzing customer pain points and market trends.
Using social media platforms and ad spy tools can uncover current trends and successful products.
Quality control and branding elements are crucial for building a brand in 2024.
Winning products should be validated through market research and sales data.
The importance of finding a reliable supplier for drop shipping success is emphasized.
The video provides a comprehensive guide to starting and scaling a drop shipping business.
Transcripts
I'm about to show you guys five
different ways to find winning products
for your Drop Shipping Store these
product research methods will help you
find unsaturated 6 in seven figure Drop
Shipping products in high demand with
low competition we'll even go over my
winning product criteria and how to find
Reliable highquality suppliers for your
store remember to leave a like And
subscribe for more my name's Alex if
you're new we have a lot to go over so
let's get right into it let's start by
going over my winning product criteria
and everything that I look for and a
potential product to sell starting with
your customers pain points you guys want
to sell products that are problem
solving and help your customers find a
solution this can be Health it can
actually help them solve a real pain
point this can be wealth it can help
them save money or make more money or
this can be relationships to help your
customers appear more confident and
attractive health wealth and
relationships are the three most
profitable niches that you can sell in
moving on you want all your products to
have that wow factor and stop your
customers from scrolling onto the next
video they need to be unique and not
sold in stores because you don't want
your customers to drive to their local
Walmart and pick up the the same exact
thing that you're selling obviously we
want to sell unsaturated products with
low competition but they also need to be
Evergreen and sell all year around
without any seasonal influences and
ideally we want products with at least a
70% profit margin before ads so keep
those points in mind anytime you're
doing product research and looking for
potential products to sell all right for
product research method number one we
just want to open up our phones and go
on the Tik Tok app you guys are going to
type in # Tik Tock shop # Tik Tock made
me buy it # Amazon finds any one of
those similar hashtags is going to
display a bunch of winning products for
you you guys can scroll through all of
these videos see what's performing well
see what's working for other brands see
what the current trends are you guys can
actually go a little bit deeper select
filters up here at the top you guys can
sort it by like count you guys can look
at videos posted within the last month
to see what all the current trends are
you guys can actually go a step further
by clicking on the shop tab up here and
it's going to show you all the top
performing products on Tik Tok shop it's
actually going to show you the amount of
sales each store is getting you guys can
look at all the reviews so just keep
scrolling through shops and all of these
videos to see what's working for other
brands so that you guys can get ideas of
what you want to sell yourself and like
always keep your winning product
criteria in mind for each one of these
potential products so you guys can see
right here these vintage Clippers were a
winning product in the past but they've
already got almost 7,000 sales on Tik
Tok shop we keep scrolling and it's the
same thing with a bunch of products you
guys can see this projector right here
with 13.4k sales and 197 high-rated
reviews now keep in mind you'll want to
do a little more research for some of
these products because a lot of them are
going to be saturated so just keep that
in mind all right guys my next product
research method is myia this is what you
guys will see when you log into myia
this is the homepage right here now myia
is an advanced ad byy tool with a ton of
useful features so you guys can see
right here these lists are updated all
the time they'll show you the top 100
100 winning products to sell on Facebook
Tik Tok Pinterest as well as the top 100
trending Drop Shipping shops you guys
can select ads up here at the top and
you guys can scan Facebook ads Pinterest
ads and Tik Tok ads you guys can select
some filters up here at the top to
narrow down your searches so for example
we can select Tik Tok ads right here at
the top click on weekly winners and it's
going to show you all the top performing
products that we've seen this week this
is a great way to pick up on Trends and
figure out what's working work for other
Drop Shipping Brands you guys can select
shops up here at the top and analyze a
bunch of different drop shipping stores
down here if you go back to the homepage
and scroll to the bottom it'll show you
the top 10 products of the Day for
Facebook we can look at the top 10
products of the day on Pinterest as well
as Tik Tok this is a great way to find
winning products fast now as promised
let's talk about finding highquality
reliable suppliers for your Drop
Shipping Store this way you guys can
stop relying on AliExpress in their long
shipping times bad Supply Flyers
lowquality products lost packages and
all the headaches that come along with
AliExpress now today's video is actually
sponsored by one of my personal favorite
Drop Shipping suppliers fulfillment now
fulfillment is by far the most reliable
supplier and best AliExpress alternative
when it comes to drop shipping they can
actually guarantee you guys 3 to 5 day
shipping time which is essential to
scaling your business in 2024 and it's
actually super easy to get started with
them you just go on their website and
you select get a free quote down here
and their six-step process is super
simple you guys can see it all right
here they offer their own private line
of logistics to ensure your products get
to your customers very fast they have
bundling options as well as branding
like custom packaging Flyers business
cards and more I've been using
fulfillment for a few of my own drop
shipping stores and I want to show you
how fast the shipping speeds just are
here's nine of my most recent tracking
numbers this month and you guys can see
right here 3day shipping to the US 5day
shipping to the UK 5day shipping to
Germany you guys can't beat that they
link up directly with your Shopify store
and will manage all of your orders for
you and unlike many of the traditional
suppliers that are out there they have
really good quality control in place and
I really like The Branding elements that
they include like the custom packaging
the thank you cards that is essential to
building a brand in 2024 I'll leave a
link Down Below in case you guys want to
learn more simply go on their website
select get a free quote and see what
fulfillment can do for you all right
guys research method number three is one
of the most powerful ways to perform
Trend anal is this is Glimpse right here
and Glimpse is just like Google Trends
but a lot more advanced most people say
it's like Google Trends on steroids if
you guys scroll down here you guys can
actually go through each one of these
niches see what people are searching for
and what's popular right now for example
we can click on beauty go on makeup and
cosmetics and see what people are
searching for within this Niche you guys
can see all these searches right here as
well as the growth to the right of it
you guys can even look up certain
products that you might be interested in
selling like this posture corrector
right here we know this is one of one of
the most saturated Drop Shipping
products on the market but demand is
always very high for it you guys can see
the 12 month chart right here you guys
can see that I got 32,000 searches last
month which is down 11% from the
previous month it will also show you
similar searches to help you with
keywords and SEO you guys can see people
are looking up the best posture
corrector posture corrector good posture
corrector bra posture corrector for neck
ladies posture corrector and so on you
guys can even find similar products down
here for the related ories you guys can
see back stretcher facial razor hair
roller scalp massager and arm sling and
how all these searches are uptrending
you guys can even see the channel that
people are searching for these on so the
posture caor would be a great product to
sell on Instagram or Tik Tok because
those are the top two channels for this
search scrolling down you guys can
actually see the interest by region so
Australia is the most interested in this
product file followed by Ireland New
Zealand and the United Kingdom so this
is a great way to spot Trends and see
what people are searching for but also
analyze certain products that you might
already be interested in selling try
this out and let me know how it works
for you all right product research
method number four is just analyzing
stores that are already performing well
we're going to go on an acquisition
website like Flippa you guys can select
browse up here at the top websites you
guys can click e-commerce we can select
either Shopify or drop ship we'll select
drop shipping stores and it's going to
show you a bunch of drop shipping stores
that are for sale right now as well as
their sales their products and
everything about each one of these
stores this is a great way to perform
Trend analysis and see what's working
for other drop shippers people can
actually pay a little bit more money to
make their listings confidential so
people like us can't go through and spot
all of these but most of the stores on
here are going to give away all the
information about each one of these
Brands so for example this is a winning
product from the past the calming dog
bed we can analyze this website right
here and see that they've been in
business for 3 years they're making
almost 5,000 a month in profit with a
21% profit margin and they're getting a
little over 10,000 page views a month
they're selling their store for
$95,000 we can see all the information
about the store down here scrolling to
the bottom we can look at their
financial statistics they're earning an
annual revenue of
$280,000 in Australian dollars with an
annual profit of almost
$58,000 and a profit multiple of $2.5
based on their financials and
information about their brand this is
definitely a product that you guys could
be interested in selling we can actually
to go a step further by going back to
Glimpse and typing in the products that
we find on Flippa to see how they're
performing on sech Trends you guys can
see calming pad is getting over 5,000
searches a month on Google with a 30%
increase you guys can see the related
searches down here calming bed for dogs
dog calming bed cat calming bed pet
calming bed all that good stuff we can
see the related products insulated water
bottle warmies puzzle feeder dry bag and
Halloween toys as well as the interest
by regen so this is this is definitely a
product that we could be interested in
selling and last but not least the final
product research method I have for you
guys today is going on the bestseller
list on teu let's be real a lot of
people are weary about ordering from
Teemu but you guys can see all these
products right here have over 100,000
orders so people are definitely
interested in these products and they're
already in high demand so you guys could
definitely take a few products from here
research them a little bit deeper on
glimps in the Facebook and Tik Tok ads
library and see if it's a potential
winner for you to sell the products are
endless you guys can see all of these
products down here have over a 100,000
orders so keep scrolling until you find
something that catches your attention
something you could create content
around and sell yourself but most
importantly products that are already
validated you now have all the tools you
need to find winning products and start
making sales on your Drop Shipping Store
if you want winning products sent
directly to you remember to sign up for
my winning product notifications linked
down below and if you found any value in
this video don't forget to leave a like
share with others and subscribe for more
thank you so much for watching and I'll
see you see you in the next one
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