How To Find Winning Products For Dropshipping In 2024 (Full Guide)

Summary

In 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

00:00

🛍️ 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.

05:01

📈 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.

Keywords

💡Drop Shipping

Drop Shipping is a retail fulfillment method where a store does not keep the products it sells in stock but instead forwards the customer orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer. In the video, Alex discusses various methods to find winning products for a Drop Shipping store, emphasizing the importance of finding products with low competition and high demand.

💡Product Research

Product research refers to the process of identifying potential products to sell that meet certain criteria such as demand, profitability, and competition level. In the script, Alex outlines several methods for conducting product research, including using social media platforms and analyzing trends, to find products suitable for a Drop Shipping business.

💡Winning Product Criteria

Winning Product Criteria are the standards or qualities that make a product successful in the market. Alex mentions looking for products that solve customer pain points, have a 'wow factor,' are unique, not sold in stores, have low competition, are evergreen, and offer at least a 70% profit margin before ads. These criteria are essential for selecting products that will perform well in a Drop Shipping store.

💡TikTok

TikTok is a social media platform known for its short-form videos. In the context of the video, Alex suggests using TikTok to discover trending products by searching for specific hashtags like #TikTokShop and #TikTokMadeMeBuyIt, which can reveal popular and high-demand products that are currently being sold through the platform.

💡Mia

Mia, as mentioned in the script, is an advanced ad spy tool that helps users find top-performing products across various platforms. It provides lists of winning products and trending Drop Shipping shops, allowing users to analyze and identify successful products and marketing strategies used by other brands.

💡Fulfillment

Fulfillment, in the context of e-commerce, refers to the process of obtaining ordered items from the warehouse and preparing them for delivery to customers. Alex highlights Fulfillment as a reliable supplier alternative to AliExpress, emphasizing its fast shipping times, quality control, and branding options, which are crucial for scaling a Drop Shipping business in 2024.

💡Glimpse

Glimpse is described as an advanced trend analysis tool similar to Google Trends but with more features. It allows users to explore niches, search trends, and analyze product demand. In the video, Alex demonstrates how Glimpse can be used to identify trending products and understand market demand, such as the posture corrector, by analyzing search trends and related products.

💡Flippa

Flippa is an online marketplace for buying and selling websites, including e-commerce stores. Alex suggests using Flippa to analyze successful Drop Shipping stores that are for sale, providing insights into their products, sales, and profit margins. This can help identify winning products and understand what strategies work for other Drop Shippers.

💡Teemu

Teemu, likely misstated in the script as 'Teu', is an e-commerce platform known for its bestseller lists. Alex recommends examining Teemu's bestseller lists to find products with high order volumes, indicating high demand. These products can be further researched for potential as winning products for a Drop Shipping store.

💡Profit Margin

Profit margin is the measure of profitability of a venture or company, calculated as profit divided by revenue. In the script, Alex emphasizes the importance of finding products with at least a 70% profit margin before advertising costs, which is a key financial metric for evaluating the potential success of products in a Drop Shipping business.

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