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How to Find Profitable and Trending Products for Dropshipping In 2024

January 19, 2024 eCommerce TipsEntrepreneurs

Dropshipping has exploded in popularity over the last few years as a business model that allows entrepreneurs to sell products online without holding any inventory. By finding trending and profitable dropshipping products to sell, you can build a successful ecommerce business that taps into demand and brings in steady revenue. But how do you go about this?

In 2024, the ecommerce landscape continues to evolve rapidly. As a dropshipper, you need to stay on top of emerging product trends and marketplace shifts to identify new opportunities. With some strategic research and planning, you can consistently uncover hot sellers that will attract customers and drive profits. Here are some vital tips for finding profitable, on-trend dropshipping products this year:

Use Google Trends to Spot Rising Searches

One of the best free tools for identifying growing product trends is Google Trends. Google Trends is a treasure trove for identifying rising search trends, and it can be an invaluable tool for finding profitable and trending products for your dropshipping business.

Furthermore, you can enter specific product keywords or categories and see if they are gaining more searches over time. Spikes in search volume show rising consumer interest. Pay attention to products with breakout growth rather than just minor increases. Look at both web searches and YouTube searches for maximum insight.

Check Sellers and Products on Major Online Marketplaces

In addition, checking sellers and products on major online marketplaces is crucial for informed dropshipping decisions. Review bestseller lists and product categories on major marketplaces to see what is selling. Look for products that maintain high rankings over extended periods of time rather than one-off viral hits. Signs like Amazon’s Choice badges, consistent 5-star ratings, and Prime eligibility indicate steady sales velocity. Use tools like Jungle Scout to assess monthly revenue and sales estimates.

Analyze Competitors and Social Media Influencers

Research competitors in your niche and investigate what products they actively promote across their sites and social channels. Look for commonalities in what performs well for multiple competitors. Also, follow relevant social media influencers and their affiliate promotions. If multiple influencers are being paid to market a product, it’s likely a consistent seller.

Look for Gaps in Product Availability

Don’t just chase what’s hot; hunt for what’s missing! Scrutinize competitor offerings and online forums to identify unmet needs and under-served niches. Sometimes, you can find great products simply by noticing gaps where consumer demand is not being adequately met. Search Google and Amazon for product keywords that show high search volume and interest but have few browsing options or purchase availability. This can signify room for a new seller to make an impact.

Keep an Eye Out For Seasonal and Holiday Trends

In addition, capitalizing on seasonal and holiday trends can give your dropshipping business a festive boost. Certain products will spike in popularity at different times of year, such as fashions that trend in spring or summer. Holidays also drive major seasonal product demand.

Use tools like Google Trends to forecast trends around seasonal keywords and plan product listings ahead of schedule. Also, you can start promoting seasonal products at least a month before the peak demand period to capture excited shoppers early.

Follow Discussions in Niche Communities

Don’t be a lone wolf; dive into the pack! Join relevant online communities, groups, forums, and subreddits where your target audience discusses products. Look for people requesting or asking for recommendations for certain product types. This can reveal buyer intent for needs not being met. Reach out to engage members and ask about what products they recommend.

Listening to the whispers in the niche communities can be your secret weapon for unearthing hidden gems. Also, this can be an amazing opportunity for you to build a loyal following for your dropshipping business.

Attend Industry Trade Shows and Events

What’s more, attending industry trade shows and events can be a game-changer for your dropshipping journey. These industry conferences and trade shows allow you to network and discover new products and trends in your niche. You can see what vendors are showcasing and buzzing about. Talk to exhibitors about what is selling well and what they plan to promote in the coming year. Prepare your elevator pitch, and get ready to network your way to dropshipping success at industry events.

Use Keyword Research Tools

Unleash the power of the search! Keyword research tools like SEMrush, Ahrefs, Ubersuggest, and Google Keyword Planner can act as treasure maps for you. They can reveal the hidden gems of popular keywords and niche long-tail phrases your target audience craves. Using these keyword research tools, you can discover high-volume, low-competition keywords ideal for targeting. Look for product-related keywords with strong search volume but low competition for maximizing discovery potential.

Solve Your Customer’s Problems

Finally, you should think like a problem-solver but not a profit-seeker. Focus on dropshipping products that solve genuine problems or make your target audience’s lives easier. For example, you can sell a water bottle that keeps drinks icy cold for hours during summer hikes.

Also, you can sell a portable phone charger that can power an entire family vacation. These products address the immediate needs of your customers and offer them tangible value. Thus, they will naturally attract customers and help build brand loyalty.

Endnote

There you have it! Above are some insightful tips to find profitable and trending products for dropshipping in 2024. By taking advantage of these expanded tactics, you can stay ahead of product trends, riding the momentum of growing consumer demand. Make sure to also vet potential products carefully to confirm profitability based on suppliers, competitors, and other factors.

With the right product research process, you can continually find hot new merchandise to drive traffic and sales. Dropshipping success comes down to staying nimble enough to capitalize on emerging trends and grow your business. Focus on locating those hidden gems this year that will sell well and bring in profits.

Call Fulfillman Today!

Contact us today at Fulfillman to learn more about our services. We are experts in Global Fulfillment, China Sourcing, Dropshipping, Third Party Logistics, and many more. Our dedicated team will be available to speak with you and discuss your possible dropshipping options. Our experts will provide suitable answers to your questions and concerns. We guarantee you excellent services.