You can dropship a few higher ticket items or choose to sell low cost items and sell a lot of them to reach your goal.
This is one of my store (income from Dec 1 till Jan, 2020) and let me share the simple truth.
Solution is simple i.e ‘Uniqueness’
It's simply not about Amazon or Shopify, people fail with dropship store because they try to ‘duplicate’ the popular products and promote them on Shopify (using FB ads) or Amazon.
The typical process explained by Gurus usually involve finding a trending product on social media using some software and then search for the product on Aliexpress or AMZ and finally start promoting it using paid ads.
… and results are?
Mostly failure and loss of advertisement cash.
Aliexpress have some very amazing and unsaturated products however finding them is difficult, most of the people doing big numbers get the product ideas from new product launches in places like Cantonese fair where Chinese company demonstrate there newly launched products and with right angle of promotions, you can make big with them.
However not everyone could do it, so personally I stopped using Aliexpress since 2016 and focused on sourcing unique and unsaturated products. Issue is there’s rarely any unsaturated product source out there.
Passionate Audience
Although at some point is easy to sell something to someone. However it takes lot of marketing budget to find the ‘buying’ audience rather if you can pin point the ‘passionate audience’ that would connect emotionally to your products (hint: pet lovers, parents) then selling is automated.
Let’s look at ‘Dog’ lovers as interest on Facebook ads:
Here’s almost 30 million dog lovers in USA alone, making it worldwide its over 100 million and a super passionate market. The dog market value is over $18 Billion in USA alone.
Pet lover market is proven market now if you could come up with product which is unique to them, no one else is promoting and not saturated, you hit the jackpot. Research is needed for sure.
Growth time: If we are talking about real business here, then it is not monitored by money immediately rather focus should be building a relevant brand, serving your customers in the best possible way and make sure they repeat their purchase.
Question is: “If Aliexpress is saturated then where can you find the unique and passionate products to sell which are NOT on Aliexpress and could build a business that could make way more then $10,000 a month?”
Let me show you something that i could guarantee that you haven’t seen anywhere:
Its a simple product called ‘Car Seat Cover’ however when you add a Bernese mountain dog design on it, it suddenly become HOT and wanted by Bernese dog owners.
So, if you could add ‘passion’ to a utility/useful product, it becomes hot and sells like hot cake.
Here’s one more example:
This is the 5 pcs framed canvas however if you show it to people who own or like ‘African Grey Parrot’ lovers, they would rush to buy it BECAUSE this is unique and not available anywhere else.
CONCLUSION
You can start your successful Shopify based business and achieve $2500 per week in sales, simply by offering hyper targeted and unsaturated product to pet lovers or specific niche lovers. Further, you can scale it by transferring these products to Amazon.com, it would be cherry on the top.
I recommend this website to choose the right product for your first dropshipping business.
SaleHoo is everything you need to organize product and supplier information in one place.
Use the SaleHoo Directory to find trustworthy, low-cost suppliers who stock your chosen product.