Dropshipping is considered a profitable business model for new entrepreneurs to earn money on the side. Starting a dropshipping business is not free (there are costs associated with inventory), but it is less risky and less complicated, as you don’t need to store products or handle order fulfillment.
How to Find a Dropshipping Business Idea
A dropshipping business idea can be easily found by identifying a product to sell. However, with so many dropshipping businesses available, the hardest part lies in finding the right product – one that will make you stand out from others.
How to Find a Dropshipping Business Idea on TikTok
The TikTok social media platform is a key shopping channel for Generation Z consumers – where 55% of them have bought something after seeing it on the platform. You can discover your next dropshipping idea by scanning the hashtag #TikTokMadeMeBuyIt, which encourages users to actively share their social shopping experiences. Regularly engage with consumers in the industry you are interested in, and check out the Explore page to discover trending products on TikTok.
Best-Selling Products in the E-commerce Market
The largest e-commerce marketplaces online sell millions of products from thousands of brands. By 2027, they will play a role in 59% of purchase journeys, making them a great data source for discovering trending products and dropshipping ideas. Start by looking at the “Best Products” pages on Amazon, Etsy, and Walmart. Pay special attention to top products in any specific category or those marked as “Selling Fast.” Continue searching on wholesale marketplaces like AliExpress, Alibaba, and SaleHoo. Since most of these marketplaces also operate as dropshipping sites, the best products are also available for dropshipping (as opposed to something you might find on eBay that may not be suitable for dropshipping).
Pinterest Trends
Pinterest is a mix between social media and a search engine that allows users to save images to a virtual mood board. Use Pinterest Trends to see what other users have saved significantly over the past week/month, and sell similar products through your own online store.
TrendHunter
TrendHunter uses page view data, artificial intelligence, and research teams to find trending products. Recent examples include biodegradable men’s clothing and muted pink shoes, although you can browse their website for online business ideas before they become saturated.
Over 100 Dropshipping Business Ideas for 2023
In this section, we will cover over 100 dropshipping products for 2023 in various fields such as beauty and skincare, clothing, accessories, jewelry, books, art, coffee, CBD products, baby products, fitness products, pet products, automotive accessories, home tools, furniture, and electronics.
Beauty and Skincare Dropshipping Business Idea
The global beauty and personal care market is expanding. It is expected to reach a size of $679.79 billion by 2025. People spend significant amounts on managing their appearance and addressing beauty-related health issues. Capitalize on this by working with a dropshipping supplier for cosmetics and skincare products. Sell them at a higher price through your own online store.
Clothing and Accessories Dropshipping Business Idea
The global clothing industry is one of the largest markets in the world, valued at $1.5 trillion. Sub-markets within the fashion umbrella include clothing and accessories – products that you can dropship and make money online. A few years ago, inner shirts, bras, and leggings became popular items in the athleisure category. Even among those who just want a comfortable outfit to lounge in, hoping to partake in more comfort rather than physical activity. The popular and TikTok-approved leggings are one of the standout trending products in this category.
Dropshipping Business Ideas in Jewelry
Consumers spend $28.68 billion on jewelry annually. If you want to start a business in the jewelry field but lack the time or skill to manufacture your own products, consider dropshipping products that have already been made by another manufacturer. The trend of thick gold jewelry is one that deserves attention if you are looking for an online business idea. Thick gold rings, necklaces, and earrings are back in style, with search inquiries for “gold hoop earrings” continually on the rise.
Dropshipping Business Ideas in Books
Reading remains one of the most popular activities, with nearly two-thirds of American consumers reading at least one print book in the past year, spending a total of $25.71 billion annually. Instead of dropshipping any book you can find, the key is to specialize in a specific genre of books. Take academic course materials as an example. Consumers spend $339 annually on higher education books (compared to a global average of $113.87).
Dropshipping Business Ideas in Art
Online art sales reach $13.3 billion annually. The industry saw an annual growth rate of 7.3% in 2021. The best thing about dropshipping in the field of art is that it is accessible to anyone, regardless of how knowledgeable they are in the field. You have the option to dropship fine art, which can bring in thousands of dollars per piece, or handmade prints that are produced and sold in bulk at a lower cost.
Dropshipping Business Ideas in Coffee
Statista data indicates that Americans are major coffee consumers. Did you know that the average American drinks nearly two cups of coffee each day? This daily habit contributes to the massive coffee industry, which is expected to reach an estimated value of $155 billion by 2026. Dropshipping coffee is a great way to get a slice of this spending. Look for a coffee dropshipping supplier like Dripshipper or Aroma Ridge. Add custom designs to coffee products and showcase them on your e-commerce site at a markup.
Dropshipping Business Ideas in CBD Products
CBD products contain ingredients derived from cannabis. It is estimated that 64 million Americans have tried CBD products in the past two years, with 44% of them spending between $20 and $80 on CBD products monthly. Although CBD products do not contain THC (the compound that causes psychoactive effects), they are still an industry subject to strict regulations. Check that your state does not prohibit dropshipping CBD products, whether there is an age limit customers must meet before accessing your online store, and that the products from suppliers meet those legal requirements.
Dropshipping Business Ideas in Baby Products
Parents and caregivers spend $67.35 billion on baby care products annually – a figure expected to reach $88.72 billion by 2026. Sub-markets are emerging in the baby industry. Take the gender reveal party industry as an example. An increasing number of soon-to-be parents are throwing parties to announce their baby’s gender. According to Google Trends data, searches for “gender reveal balloons” have been steadily increasing since 2016.
Dropshipping Business Ideas in Fitness Products
Fitness trackers generate $93.86 billion in sales annually. When the COVID-19 pandemic forced employees to work from home, exercise levels increased. Consumers confined at home had to work out at home. To do this, they needed fitness equipment. Fitness trackers are one of the dropshipping subcategories that exploded in popularity. Last year, 553.6 million fitness trackers were shipped, and global consumers are expected to spend $93.86 billion on wrist-worn activity trackers in 2022.
Idea
Dropshipping Business Ideas in the Pet Products Sector
More than half of American households own a pet, contributing to an industry worth $123.6 billion. To capitalize on our love for furry friends, look for a profitable business idea in the pet industry. For example, dog vitamins are one of the huge areas of spending. Dog owners spend an average of $81 annually on supplements to keep their dogs healthy.
Dropshipping Business Ideas in Car Accessories
TikTok users share their favorite car accessories. Over 65 million cars are sold annually. Provide an opportunity for millions of consumers who own cars to make their driving experiences more enjoyable by dropshipping car accessories. TikTok is a great source of inspiration for dropshipping business ideas in this field. A quick search for “car accessories” retrieves a collection of popular videos – some garnering millions of views – where users share their favorite car accessories found on Amazon. Use it as a source of inspiration when searching for products for your dropshipping store.
Dropshipping Business Ideas in Home Tools
Home improvement sales are expected to reach $621.3 billion by 2025, making it one of the largest consumer markets. Dropship home tools, appliances, and decor accessories to build a profitable business in this space.
How to Choose an Idea for a Dropshipping Business
The success of your dropshipping store depends on the product you choose. Assess demand and competition, select dropshipping suppliers, request samples, survey the target market, and calculate profit margins.
How to Choose an Idea for a Dropshipping Business – Demand Assessment
Before starting a new idea, check if people are actually talking about the product you are considering selling. Conduct your research using online tools like Google Trends to see how many people are searching for this dropshipping business idea. Focus specifically on keywords experiencing an uptick in demand. Try to enter the market before competitors.
How to Choose an Idea for a Dropshipping Business – Competition Assessment
If you enter a very popular market, it will be harder to distinguish yourself. Dropshipping requires a successful marketing strategy – paid ads will be more expensive and keywords will be more competitive for the most popular products. However, if you go in the opposite direction, there is a risk that no one will want to buy the products you’re dropshipping. Building a profitable business will be challenging.
How to Choose an Idea for a Dropshipping Business – Low Competition
If you find it difficult to locate sellers who sell similar products to those you wish to dropship, this is not a bad thing. Targeting a niche market can be a smart move in business.
How to Choose an Idea for a Dropshipping Business – High Competition
Having hundreds of other dropshippers selling similar products may make it hard to stand out, but it proves there is demand. Look at the competitors’ pricing strategy and check if it’s worth the competition.
How to Choose an Idea for a Dropshipping Business – Researching Dropshipping Suppliers
Dropshipping suppliers are what make or break your new business. They are responsible for manufacturing, packaging, and shipping orders to your customers. Ensure there are suppliers to work with for any dropshipping business idea you choose. Use platforms like Alibaba, AliExpress, Spocket, Modalyst, and Wholesale2B.
How to Choose an Idea for a Dropshipping Business – Requesting Samples
Dropshipping is not a business you can start without funds – people pay extra for high-quality products. Find out if it’s worth paying more for better quality from your suppliers by requesting samples.
How to
Choosing a Dropshipping Business Idea – Target Market Survey
The target market is the group of people who will buy your products. Instead of finding a dropshipping business idea and hoping there is a market for it, conduct a survey of your target audience to find out if they would buy the product, how they would discover it, and how much they would pay.
How to Choose a Dropshipping Business Idea – Calculate Profit Margin
Once you deduct the wholesale price of the product and overhead expenses, do you have any profit? Good business ideas are those where products are bought at a low price and resold at a higher price. Use Shopify’s free profit margin calculator to see the amount you will get after purchasing the product from the supplier and paying their packaging and shipping fees.
Start Your Dropshipping Business Today
The success of your dropshipping store depends on the product you choose. Build a small and easy-to-maintain (and cost-effective) online store using Shopify to realize your dropshipping business idea and test your marketing strategy. Choose three to five products in the same niche. Focus your efforts and time on the products that have sold successfully to increase your chances of success.
Frequently Asked Questions About Dropshipping Business Ideas
What is the best dropshipping business idea? A good dropshipping business idea is one that: is not highly competitive, features quality products, allows for healthy profit margins, has reliable suppliers available, and fits the right product market.
What are successful dropshipping products? Coffee, jewelry, clothing, books, and accessories are some successful dropshipping products.
What items will be popular in 2023? Pet carriers, home cleaning products, false eyelash accessories, standing desks, and treadmill mats will be popular in 2023.
What are the most searched products on Google? Dunk shoes, square bathroom mirrors, school shoes, treadmill mats, school water bottles.
Data from Google Trends shopping report from August 14 to August 21.
Source: https://www.shopify.com/blog/6492023-drop-shipping-the-easiest-way-to-sell-online
.lwrp .lwrp-list-row-container{
display: flex;
justify-content: space-between;
}
.lwrp .lwrp-list-row-container .lwrp-list-item{
width: calc(12% – 20px);
}
.lwrp .lwrp-list-item:not(.lwrp-no-posts-message-item){
}
.lwrp .lwrp-list-item img{
max-width: 100%;
height: auto;
object-fit: cover;
aspect-ratio: 1 / 1;
}
.lwrp .lwrp-list-item.lwrp-empty-list-item{
background: initial !important;
}
.lwrp .lwrp-list-item .lwrp-list-link .lwrp-list-link-title-text,
.lwrp .lwrp-list-item .lwrp-list-no-posts-message{
}@media screen and (max-width: 480px) {
.lwrp.link-whisper-related-posts{
}
.lwrp .lwrp-title{
}.lwrp .lwrp-description{
}
.lwrp .lwrp-list-multi-container{
flex-direction: column;
}
.lwrp .lwrp-list-multi-container ul.lwrp-list{
margin-top: 0px;
margin-bottom: 0px;
padding-top: 0px;
padding-bottom: 0px;
}
.lwrp .lwrp-list-double,
.lwrp .lwrp-list-triple{
width: 100%;
}
.lwrp .lwrp-list-row-container{
justify-content: initial;
flex-direction: column;
}
.lwrp .lwrp-list-row-container .lwrp-list-item{
width: 100%;
}
.lwrp .lwrp-list-item:not(.lwrp-no-posts-message-item){
}
.lwrp .lwrp-list-item .lwrp-list-link .lwrp-list-link-title-text,
.lwrp .lwrp-list-item .lwrp-list-no-posts-message{
};
}
Leave a Reply