Best selling on Amazon product research
How to pick converting products to dropship on Shopify? Here are a few advices and a recommendation to let an expert to the market research. Running a business requires daily effort. You don’t need to spend eight hours a day working on your business but you’ll need to spend at least an hour a day on your store as you grow your sales. Each day, you’ll need to process orders so that products arrive to your customers promptly. You’ll also need to respond to customer inquiries within 24 hours (ideally less) so that customers can depend on you. Marketing efforts will also need to take place each day. You can automate your social media posting at the beginning of the week. However, you should aim to be active on social media daily. You’ll also want to make sure that your ads are always running.
When you’re going high ticket with the best suppliers, you’ll have pricing policies that set a Minimum Advertised Price (MAP). That means you can’t discount below that price to beat competitors. But you can convince people to buy from you by offering more than your competitors. You have to ask yourself what your customer wants or needs that is inexpensive and that they’re going to buy anyways. These are usually smaller accessories like a phone case when you get a new phone. For example, if you’re selling paddle boards, you could include an ankle leash or board wax. That way, when they’re shopping for that board and are comparing between you and your competitor, they’ll see the same price. But with you, they’ll get something more.
I recommend ShipBob, a YCombinator-backed startup. ShipBob does everything FBA (Fulfillment by Amazon) does, but better and cheaper. ShipBob doesn’t charge for picking or packing or warehousing. If that sounds too good to be true, their business model is that they negotiate cheaper volume-based rates for shipping, they charge you only what the normal postage price would be, and they keep the difference. They have a great API and integration with everything.
How to find the best products ? A few words about dropshipping market research. Look at possible competitors and research their products and how they source and sell them. Can you decipher their pricing strategy or possibly forecast potential new products that they will sell? By being one step ahead of them you can remain competitive. If they are selling a product you are considering but you cannot source this product at a similar price, problems could arise. It would be a good idea to cross this product off your list at this moment. Once you build a strong brand and customer loyalty you can come back to this product option. Competitor product research shouldn’t last all day. Doing a quick Google search for a product can highlight a range of competitors in a matter of seconds. From there a swift scan of the websites will provide you with enough information to decide to sell a product or not. Or you can let an expert to do the product market research for you while you focus on marketing or improving your website. Read more details on Drop ship on Amazon.