Drop-shipping is becoming ever-more popular and the market is growing, but with that so is your competition.
To ensure you keep turning a profit, keep expanding and flourish as a drop-shipping company, you’re going to need to have the right niche.
In short, a niche is a category referring to a specific specialised section of business; for example, cooking or arts.
If you need more information on this, head over to choosing the right niche where you can read my previous blog explaining niche(s) in much more detail.
Before we jump straight in, I just want to briefly explain what Repeat Purchases are.
They are products that require repeated purchases to continue use, which is a great way to near-on guarantee returning customers.
Obviously, there are no true guarantees in this business as the customer could always go elsewhere, but if you keep up good customer interaction you should see them coming back.
I’m just going to jump straight in here and give you the Top Niches to look in to:
One hugely popular niche at the moment is Health and Fitness.
In our current society, we are very fixated on our appearance and there’s always a new group of people looking to get on a health kick.
With this niche, you have so many options to choose from.
Whether you want to specialise in gluten-free products, speciality teas, detox products, HIIT (High Intensity Interval Training) Programs & equipment or an all-encompassing Health & Fitness company, there are so many options to choose from.
This can be a very profitable niche as there’s a large potential for repeat purchases.
Products, such as ingestible items or workout video subscriptions, will need to be bought on a regular basis to ensure long-term results for the customer.
Gaming has been constantly popular since the invention of the console in the mid-late 1900’s but, even before this, playing games has been a huge part of our society and it doesn’t look like that’s going to change any time soon.
From home gaming set-ups to ergonomic keyboards and specialist equipment, this niche has plenty for you to sell.
Plus, if customers like your company, you can guarantee their return when the newest edition of their favourite game hits the digital-shelves.
Another source of repeat purchase within this niche could be new generation consoles.
As tech is constantly expanding, developing and improving, you can count on it to make you money!
Wearable devices are bringing in high demand for this niche as everyone wants their tech to be closer and more convenient than ever.
What better way to do this than to put it in your shoes or jacket or earrings?
You can also encompass things such as the Gaming niche within Tech, if you’re not going for a specific technology market, to expand your business quicker.
Drones and LED lighting are currently extremely popular too.
LED’s never seem to be not popular.
Chuck a few fairy lights on anything and it brightens up the place!
One huge benefit of the Tech niche is that we’re constantly making advancements in this area, meaning there’s always something new and better being created.
This makes it a perfect place for your repeat purchases, as you can help to keep your customers up-to-date with the latest tech-trends.
Travel is HUGE right now!
With more availability than ever to explore this earth, the options for what type of travelling you want to do is increasing.
Minimalist luggage, camping gear and survivalist equipment is very popular and can occasionally even incorporate some extreme sports, like hiking and rock climbing too, if you want to expand your reach!
If you want some higher-end products to really bring the profits up, have a look in to “glamping”.
Glamorising any experience is an expensive feat, especially one as uncomfortable and dirty as camping.
Glamping is great for festival goers as a lot of attendee’s struggle with the hardships of bare-bones camping and would often be happy to pay out for a more comfortable experience.
Pocket Translators are currently a very popular product and can bring simple repeat custom from items such as batteries.
Who needs clothes?… Everyone needs clothes!
No matter what styles you’re into, your budget or even how interested you are in them, everyone needs them.
The market for clothing companies is often quite packed but, if you can find your space within it, you’ll make a profit.
You’ll probably want to go further with this niche and stick to certain styles or trends.
Having too many options and styles can leave customers searching too long and giving up before finding what they like.
But no-one said you can’t have multiple stores, right?
So, if you really want to capitalise on the apparel market, you could create a variety of branches that deal with different styles to increase your audience considerably.
But that is a lot of work, so make sure you’re up to the task before diving in.
This isn’t the best market for repeat purchases, however customers that want to keep up with the latest trends will make up this gap.
Including items like Wearable Technology will not only expand your reach but will also increase your potential for these returning customers as the combination of the advancement of technology and ever-changing trends will bring back those looking for the latest trend even more frequently.
There is one more niche that I think is important to mention however, before I begin, I would like to put a blanket disclaimer, so I don’t have to repeat myself through-out this section.
I, being a representative for the company Dropship-Spy, do not advise, advocate or promote the illegal use, growth and/or distribution of any illegal substances.
I, and the Dropship-Spy company, highly recommend that you research the laws within the country and state you reside in and intend to sell in, before initiating any business within this niche.
I, and Dropship-Spy, cannot and will not be held liable for any breaches of law.
Right, now that’s out the way…
In the last few years, the market for Marijuana Growing Equipment has boomed!
Since the start of decriminalisation in America during the 70s to the last decade where we’ve seen different forms of legalisation (from medical-use only to all recreational-use) across the US, Canada and the UK, this industry has been exploding!
There is so much equipment that can be used for Indoor Grow Rooms, from your seeds to your tents, carbon filters, thermometers, specialist lighting… and for many that you can sell this equipment to, they themselves are also profiting, so you can get away with increasing your prices a little bit.
However, many people are looking to start growing their own in very small amounts.
For example, in California you are currently allowed to grow up to 6 plants for personal use.
Many users don’t want to pay out to the corporations that have crushed small weed businesses but also don’t want to buy illegally from these businesses.
Growing your own is such a simple solution to this.
Also, this niche is HUGE for repeat purchases! For every new crop, there’s at the least new seeds being sold and potentially new equipment too.
If you’re fortunate to live in a state with the green light on marijuana, give this one a look!
It’s highly profitable and, as legalisation spreads, the profitability will only increase.
If you can, get in before it gets crowded to make some BIG profits in this niche.
Hopefully I’ve been able to shed some light today on what niches are currently and will be popular over 2019.
If these aren’t for you, then there are a few others that I couldn’t divulge to you today, such as; Novelty Home Furnishings, Extreme Sports, DIY and Photography.
These are also very popular and look to continue that trend in the near-future.
These all have fantastic repeat purchase options too, ensuring you can reap a large profit.
That’s all for today, folks!
Remember to keep your eyes peeled for the next blog.
As ever, thanks for reading and I will see you next time on Just The Tips.
Tuesday 19th March, 2019