How To Start Dropshipping in 2024 (High-Ticket)

Summary

This video script offers a streamlined guide to starting a dropshipping business in 2024. It suggests using YouTube recommendations to identify potential niches, then validates them through Google searches, focusing on high-priced items and low competition. The script emphasizes the importance of meeting certain criteria for profitability and consistency, and introduces niche research software for demand and evergreen tests. It also covers finding suppliers, setting up a Shopify store, and leveraging Google Shopping ads for traffic, ultimately providing a clear path for beginners to establish a sustainable dropshipping business.

Takeaways

• 🛍️ To start dropshipping in 2024, you need to identify a niche, secure suppliers, create a website, and generate traffic.
• 🔍 The video offers a free two-hour training for detailed guidance on starting a dropshipping business.
• 📈 A simple method to brainstorm niche ideas is by observing recommended YouTube videos and noting products over $200.
• 🏷️ When selecting a niche, ensure the products are priced above $200 to maintain profitability in the dropshipping model.
• 📉 Check for competition by ensuring that half or more of the Google Shopping first page results are listed by 10 or fewer stores.
• 📊 Use niche research software to verify search volume and consistency over time, aiming for a minimum of 10,000 monthly searches.
• 🌐 The 'evergreen test' assesses whether a niche maintains consistent interest over the past five years, avoiding seasonal fluctuations.
• 🔗 Ensure the niche is dropship-friendly by finding online stores that likely dropship and identifying at least 20 different brands.
• 🛒 Shopify is recommended as the e-commerce platform for building your online store, with a special offer for new users.
• 🏪 Initially, use 'demo products' on your store to become authorized by brands before listing real products.
• 🚀 To drive traffic, utilize Google Shopping ads and Google product listings, which are cost-effective and high-quality for buying traffic.

Q & A

What are the four essential elements needed to start dropshipping in 2024 according to the video?

The four essential elements are a niche, suppliers, a website, and traffic.

How does the video suggest finding potential dropshipping niches?

The video suggests using YouTube recommendations to find products that stand out and are above $200, then writing them down for further research.

What is the purpose of looking for products above $200 in the brainstorming process?

The purpose is to ensure that the products are expensive enough for the dropship lifestyle model, allowing for a profitable sale.

How can one determine if a niche meets the price point criteria during the research process?

By checking Google shopping results and ensuring that half or more of the first page results are products above $200.

What does the video mean by 'competition occurs at the product level' in the context of dropshipping?

It means that competition is assessed by how many stores list the same product on Google shopping, with a preference for products listed by 10 or fewer stores.

What is the 'demands test' mentioned in the video and why is it important?

The 'demands test' checks the search volume for a niche, ensuring there are at least 10,000 average monthly searches to guarantee enough potential customers.

What is the 'evergreen test' and how does it help in niche selection?

The 'evergreen test' examines the consistency of search interest over the past five years to avoid seasonal niches and ensure year-round profitability.

How does the video suggest finding suppliers for a dropshipping business?

By identifying online stores that appear to be dropshipping from Google shopping results, visiting their websites, and researching the brands they carry.

What platform does the video recommend for building an online store and why?

The video recommends Shopify as the best e-commerce platform available, offering a user-friendly interface and a special offer for new users.

What is the purpose of creating a demo store before contacting suppliers?

A demo store helps to become authorized to sell for the brands by showcasing a professional online presence, even if it's not yet live with actual products.

How does the video suggest generating traffic for a new dropshipping store?

By using Google shopping ads and Google product listings, which are cost-effective ways to drive traffic to product pages.