Are you looking for the best dropshipping products you can sell in 2018 and make a truckload of money? We are here to help you.
According to the Journal of the Operational Research Society that conducted dropshipping statistics, the average profit of a manufacturer who is dropshipping is 18.33% higher than a manufacturer who uses traditional channels.
Because of the storage limitations, a retailer has to buy in bulk, but they can normally hold only around 13% of what a supplier would want to sell, reducing the profit margins of the supplier. With dropshipping, one can remove these constraints and buy whenever they get an order. Here, both retailer and supplier can make profits in the long run.
What is Dropshipping?
Dropshipping is a specialized version of eCommerce business which allow businesses to grow without a worrying about the unsold stock. How?
Let’s understand it through the following diagram:
As an eCommerce store, the process of dropshipping goes in the following way for you
Exactly How Dropshipping Business Works
Step 1: Customer places an order on your eCommerce site.
Step 2: You buy the product from a supplier on a wholesale rate.
Step 3: Your drop shipper collects the product from the supplier.
Step 4: The drop shipper packs and sends the product directly to the customer with your name.
Why Should You Invest in Dropshipping Business Model?
- It’s cost-effective; you need not maintain a physical inventory.
- It doesn’t demand to spend millions on developing infrastructure.
- No hassles of collecting, packaging, shipping, and delivery of products.
- You will have a wide array of products on your site.
- Scaling becomes easier by partnering with more suppliers and drop shippers.
- You won’t have to pay for a big staff.
- You can concentrate on improving your sales.
How to Choose the Best Dropshipping Products in 2018?
If you are choosing fast selling products on your dropshipping based site, here are some product suggestions you would want to consider selling:
- Unique products which no one else or only a few are selling.
- Products whose price cannot be guessed easily.
- Handmade and antique products.
- Time-sensitive products.
- Heavy products like Furniture, television, and gym equipment that can save you shipping costs.
- Of course, you need to sell some trending products as well.
Highly Profitable Dropshipping Products You Can Sell in 2018
All of the following products will cohere with at-least one of the points discussed above. Here are the 10 best drop shipping products that are trending in 2018, which you can consider adding to your list.
- Custom Printed Shirts:
Dropshipping model for selling printed t-shirts can save you from the hassles of buying, printing, and storing a whole stock. As custom printed t-shirts are already in demand, it’s easy to find some good dropshipping companies for the cause. Take a cue from, Printful, a dropshipper for printed shirts who supplied more than 1,440,201 t-shirts in 2017.
- Accessories of Familiar Online Games:
With games like Fortnite and PUBG in trend these days it’s a great time to also sell their accessories. Keeping you safe from the hassle of unsold stock, dropshipping can provide surplus inventory according to the customer’s demand. Find a dropshipper near you who can supply such themed products like Bag-packs, Key-chains, Lunch-boxes, mobile skin, laptop skin, and related posters. You should check out the products listed on Amazon and Alibaba to get a cue. Sell something like that.
- Gaming Products:
Dropshipping gaming products can help you choose from a wide catalogue of trending games and later expand to the relevant product arenas like controllers, game setups, PC parts and more. It will also allow a smooth transition of the catalogue when the trend changes. To save you from so many unsold items, dropshipping is the only online business idea where you can get products as demanded by the customers. Banggood, an eCommerce store makes some real profit by selling such trending gaming products.
You can expand your niche by selling trending products like hoodies and other seasonal clothing. As winter will be arriving soon, warm clothes would be in great demand. Drop shipping these products will allow you to sell them throughout the season and save the cost of unsold stock left at the end of the season. Drop shipper like “Belovedshirts” is a great example of the same.
- Pet Supplies:
A net worth of $60 billion makes the pet supply industry a lucrative niche for dropshipping. As people are so passionate about their pets, they spend so much on taking care of them. Drop shipping pet products will enable a smooth supply by letting you sell time sensitive products like pet food. It frees you from the hassle of buying and preserving the wholesale stock until it expires. Businesses like, Alibaba, Amazon, and eBay, have sold a huge array of pet supply stocks through drop shipping.
- Gym Products:
With never ending demands, the fitness and gym products are always a great choice for shipping model. Equipment like Gym machines, Kettlebells, Weights and Medicine Balls are quite heavy, and the shipping charges are high. Entering in terms with a local drop shipper and providing low cost or free shipping for your consumers will definitely give you an upper hand amongst your peers. Dropwow is an excellent example of a business which is doing really good as a dropshipper for Gym equipment.
- Books and Novels:
Books and novel niche, with record sales of more than 360 million books last year and 2% year-over growth, according to a Nielsen Survey in UK, it is obviously clear that the demand is continuously increasing. This is another stance for a time sensitive purchase, where the consumers will want the Novels as soon as it is launched. Hence, you can give them a pre-booking access and through a dropshipper, it can be delivered on the same day of launch, as compared to sending them after 2-3 days through traditional modes. Amazon is a perfect example of how it makes so many dollars by pre-booking the new books before the launch.
With a massive worth of over $70 billion, gems and jewellery industry is always great to gain profits. By dropshipping these products, you can leverage the profit shares as per the changing demands and trends. Doing so, you can strongly eliminate the chances of ending up with the jewels that are old-fashioned, and you can easily swap the current catalogue with a new and trendy one. Twigs and Honey is a good example of dropshipping based jewellery store.
From occasions like parties, shopping, travel and trekking to daily uses like offices, Handbags caters extensive applications. Dropshipping these products will allow you to fulfill the orders only when they are demanded by your customers. Moreover, switching from one trend to another becomes easy by just updating your product catalogue. In this way, you won’t have to end up with unsold or out-of-fashioned stocks while you are switching to a new trend. You can learn from the dropshippers like AliExpress who have made a name in the similar category.
- Bluetooth Speakers
The increasing popularity of Bluetooth speakers has invited humongous number of Brands into the market. Though it can give you unparalleled sales, there are upgraded products launched almost every week and this rapid shift in trends might leave your older stocks unsold. A dropshipper can help you deliver the products that precisely meet the demands of your consumers. Banggood has made some great profits by on-boarding several dropshippers for similar products worldwide.
It’s Time to Start a Dropshipping Business
Now that you have a decent idea of the type of dropshipping products to sell, it’s time to find some good dropshippers. You can get in touch with the dropshippers like AliExpress and Oberlo who have made a huge name compared to the giants like Alibaba, Etsy, and Amazon.