Ecommerce grew 33.6% between 2020 and 2021, and experts believe there’s plenty of room for growth. Projections indicate that ecommerce sales could grow from today’s $3.3 trillion to $5.4 trillion by 2026. Furthermore, there doesn’t seem to be a ceiling for how much the industry might grow.
There are many entry points into ecommerce. However, dropshipping remains one of the most accessible means of breaking into the lucrative global online market. Dropshipping requires minimal startup capital, is flexible, and is easy to scale.
Dropshipping is also potentially lucrative, with an estimated global market value of $128.6 billion in 2020. This figure is expected to grow to $476.1 billion by 2026. The market conditions and outlook couldn’t be better for someone wishing to start a dropshipping business.
However, like any kind of business, dropshipping has its challenges and drawbacks. One of the biggest challenges is choosing a viable dropshipping product. It’s a competitive space with low barriers to entry, so it’s important that you set yourself up for success from the start.
Dropshipping is no different from any other retail business. You’ll need to understand your products and your audience. With near-infinite products to explore, picking the winners is easier said than done.
Here are nine tips to ensure you pick the best dropshipping products.
Do Thorough Product Research
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