As an entrepreneur, you’re always searching for new and innovative ways to expand your business. Well, have you considered dropshipping? It’s an eCommerce model that’s been gaining popularity in recent years and for a good reason. You can sell products without worrying about inventory management, shipping, or handling returns with dropshipping. You can start a dropshipping business with no money or very low investment, and it allows you to focus on what matters: marketing and selling your products.
India’s dropshipping industry is currently valued at approximately $1 billion. With a predicted Compound Annual Growth Rate (CAGR) of 25% over the next five to seven years, it is expected to experience tremendous growth. This market is predicted to grow to a staggering $5 billion by 2028.
This blog will explore some profitable dropshipping business ideas you can add to your store today. But before that, let’s get into the basics of finding the right products for dropshipping in India So, grab your notebook, and let’s get started!
How To Find Products For Dropshipping In India
Before you decide to enter the dropshipping business and experiment with some niche categories, here are some of the factors to keep in mind to choosing the right product.
-
See what’s trending on the global e-commerce marketplace
The best way to find the best-selling products in the marketplace is to dive into the marketplace itself. All you have to do is carefully analyse the top e-commerce websites and marketplaces like eBay, Amazon, AliExpress, etc, and list out the products that have high customer ratings and the ones which are trending as bestsellers.
Google Trends is an additional helpful resource for product research. It lets you examine the volume and trend of searches for particular terms over time. Finding products that consumers are consistently and substantially interested in will improve your chances of success.
-
Choose the products with high-profit margins
The ultimate goal of any business at last is to make a profit. So why not start with what you would love to prioritise the most?
Achieving a balance between a profitable margin and a competitive selling price is crucial. Products with extremely narrow profit margins should be avoided since they might not be worth your time and effort. Seek for goods that are reasonably priced and offer a reasonable profit margin.
-
Find your niche
Why would you start dropshipping in the first place? What inspires you or interests you? What sort of product category do you find intriguing? Asking yourself these questions in the first place will just set the tone right and hence, it’ll become easy for you to find your niche before getting started.
To start with, consider your areas of expertise and knowledge in the product category and estimate the amount of customisation you can apply to that specific category. A specific niche helps you customise your offerings, thus making you stand out from the competition.
-
Quality should come first
The key to success in any industry is achieving customer satisfaction and that only comes into frame when you prioritise quality. Whichever product quality to choose, never compromise on the quality of the product, and even if you choose a specific product, make sure to order samples in the first place to ensure the quality of the material.
With the best quality comes superior customer satisfaction, and this opens the way for positive customer reviews and better brand recognition.
-
See what your top competitors are selling
Your competitors are your biggest teachers, and therefore, it becomes extremely important for you to analyse and keep a close watch over what product categories your major competitors are experimenting with. Carefully analysing your main competitors will also help you understand the market potential and locate a potential customer base.
So, a smart way to pick a product for your new dropshipping business is to count on your top competitors and trust them wholeheartedly.
Here Are 21 Highly Profitable Dropshipping Business Ideas
Open Print-on-demand Store
In 2022, the print-on-demand market was worth $6.4 billion, according to a survey by Allied Market Research. By 2032, it is estimated to become a $64.3 billion market, growing at a CAGR of 26.4%.
The print-on-demand market is currently booming and it is one of the easiest dropshipping businesses to start with. Right from customised t-shirts, and mugs to pillows and phone covers, several other things are in demand for customisation. So it’s a good option to start with!
Sell Beard Oil
Beard oil is a grooming product that has become increasingly popular over the years and is one of the most profitable products you can dropship in 2023. This product is perfect for those who want to maintain healthy and well-groomed beards. Beard oil helps moisturize the beard and promotes hair growth. Not only does beard oil benefit the hair, but it also soothes the skin underneath, which can often become itchy and dry.
With the rise of the “lumbersexual” trend and the popularity of hipster culture, beard oil has become a staple in the grooming kits of many men worldwide. To drop ship beard oil, start by researching and comparing the prices and quality of different suppliers. Look for suppliers who use natural ingredients and offer customizable packaging options.
Sell Gaming Headset
Unsurprisingly, the video gaming market is projected to reach over 200 billion U.S. dollars by 2023. And with Google Trends showing an increase in demand for gaming headsets, it’s the perfect time to consider selling them as a dropshipping business idea. Gaming headsets are designed to provide gamers with an immersive gaming experience by delivering high-quality sound and clear voice communication.
Look for suppliers who offer high-quality gaming headsets that are compatible with a variety of gaming devices and who offer customization options such as different colours or branding. When it comes to marketing and selling gaming headsets, it’s essential to highlight the product’s features, such as its noise-cancelling technology or microphone quality, to entice customers. Social media platforms like Twitch or YouTube can also be great tools for advertising and reaching your target audience.
Sell Hair Growth Serum
Hair growth serum is a topical solution that stimulates hair growth and can help combat hair loss. The global haircare market is expected to reach over $200 billion by 2025, but the demand for hair growth serum is skyrocketing. It is a highly sought-after product, especially among men who struggle with hair loss and balding. With the rise in popularity of hair growth serums, this market has a huge profit potential.
To get started with dropshipping hair growth serum, you can search for suppliers on platforms like AliExpress, and look for those who offer competitive pricing and fast shipping times. Use social media platforms like Instagram and Facebook to showcase before and after photos of customers who have used the serum, as well as influencer marketing to reach a wider audience.
Sell Gaming Chair
Gaming chairs are the perfect addition to any gamer’s setup. These chairs provide comfort and support, making long gaming sessions a heavenly experience. In addition, they are designed to reduce back pain and improve posture, making them a must-have for any serious gamer.
To sell gaming chairs, it’s important to consider the different types of gamers out there. There are casual gamers who may not be willing to spend a lot of money on a gaming chair, and then there are professional gamers who are willing to invest in the best equipment for their gaming setup. Your source from local manufacturers, if you prefer, or Alibaba is a great platform to start with as it offers a variety of options at different price points.
Sell Portable Air Compressor
These devices allow you to inflate your tyres on the go without needing expensive tow trucks or time-consuming trips to the gas station. With the global market for automotive accessories expected to grow to over $520 billion by 2025, portable air compressors are a smart product to add to your dropshipping business.
Portable air compressors come in various sizes and models with different features and price points. From basic models that plug into your car’s 12V charger to more powerful models that can inflate large tyres and other inflatable items, there is a portable air compressor to suit any need.
Virtually anyone who owns a vehicle could benefit from having one. So whether you’re a daily commuter, a road trip enthusiast, or a weekend DIY mechanic, a portable air compressor is a must-have tool for any vehicle owner.
Sell Organic Tea
Organic tea comes in various flavours and blends, from traditional black and green teas to trendy options like matcha, chaga, and turmeric teas. You can even create your own blends and flavours, adding a unique touch to your product line. Organic tea has been on the rise for years, with health-conscious consumers turning to tea as an alternative to sugary drinks.
Your target audience will likely be health-conscious individuals who value organic and natural products. This can include those who follow a specific diet or lifestyle, such as vegans, vegetarians, and those who prefer gluten-free or non-GMO options. You can also target tea enthusiasts and those looking for unique and trendy tea blends.
You can also consider partnering with influencers in the health and wellness space to promote your products to their audience. A subscription service can help build recurring customers and increase your profits over time.
Sell Yoga Mat
Yoga mats are essential for any yoga enthusiast, providing comfort, stability, and grip during their practice. They come in various materials, thicknesses, and sizes, depending on the individual’s needs and preferences. Some popular materials include rubber, PVC, cork, and eco-friendly options like natural rubber. In addition, the mats can be plain or decorated with various patterns or designs, making them a stylish accessory to enhance any yoga practice.
To market and sell your yoga mats effectively, you need to find a way to make them stand out in a crowded market. Here are some tips:
- Leverage social media platforms to reach your target audience. Use hashtags related to yoga and holistic wellness, and partner with influencers to promote your products.
- Create educational content that teaches your customers about the benefits of yoga and how to use your mats to improve their practice.
- Offer discounts, free shipping, or other promotions to entice customers to buy your products.
Sell Jewellery Online
Jewellery is a timeless accessory that appeals to a wide range of people. Whether it’s a statement necklace, a delicate bracelet, or a pair of sparkly earrings, jewellery can add a touch of glamour to any outfit. Women are the primary consumers of jewellery. Millennials and Gen Z are also in a growing market for trendy and affordable jewellery options.
When it comes to selling jewellery online, you can choose to specialize in a certain style or niche, such as vintage jewellery, minimalist designs, or eco-friendly materials like recycled metals. With the rise of e-commerce and social media, it has become easier than ever to start a jewellery business from the comfort of your own home. Want to know more?
Here is the full guide on how to start an online jewellery business
Sell Clothes Online
Selling clothes online can be lucrative; dropshipping allows you to start your business without investing in inventory upfront. There are plenty of options to choose from when selling clothes online. You can sell men’s or women’s clothing, shoes, accessories, or even children’s clothing. Choose a niche you’re passionate about and have a high demand for. Understanding your target audience will help you choose the right products to sell and tailor your marketing strategies to appeal to them. If this sounds good, you must read this guide on how to start an online clothing business.
Sell Smartphone Tripods
Smartphone tripods are portable and versatile accessories that hold your phone steady while taking photos, videos, or making calls. These tripods are a great fit for photography enthusiasts, social media influencers, bloggers, and professionals who need a hands-free solution for making phone calls or video conferences. They could also be marketed to travellers who want to capture memorable moments or vlog their adventures.
Tips for marketing and selling the product:
- Use high-quality images and videos: Since the product is all about visual content, use high-quality images and videos to showcase the different features and styles of the tripod.
- Target niche markets: Consider targeting specific niche markets like travel bloggers or professional photographers. Create tailored marketing campaigns and offer specialized tripod styles or accessories to meet their unique needs.
- Leverage social media: Utilize social media platforms like Pinterest to showcase the product and engage with potential customers.
Sell Men’s Grooming Products
Men of all ages are interested in grooming products, from teenagers looking to keep their skin clear to older men who want to maintain their appearance as they age. The market is especially strong around the holiday season when men are looking for the perfect gift for their friends and loved ones. When looking for a supplier, focus on finding one that offers high-quality products at an affordable price. You can check out online marketplaces like AliExpress and Alibaba or search for manufacturers and wholesalers in your niche.
Sell Bluetooth Speakers
Bluetooth speakers are a must-have item for anyone who enjoys listening to music or podcasts on the go. These portable speakers use Bluetooth technology to connect wirelessly to your phone or other devices, allowing you to take your music wherever you go. With so many different brands and styles available, there’s something for everyone in the Bluetooth speaker market.
From teenagers who want to share music with their friends to adults who want to enjoy their favourite tunes while working out or relaxing at home, Bluetooth speakers have a wide appeal. They’re also great for outdoor enthusiasts who want to take their music with them on camping trips or beach vacations.
Sell Insulated Bottles
Insulated water bottles are the latest trend in environmentally friendly hydration. Not only do they keep liquids cold or hot, but they also help to reduce the use of single-use plastic bottles. And let’s be honest; they look cool too. These bottles are a great business idea for dropshipping as they have a high profit margin and low competition.
Anyone who is health-conscious, eco-conscious, or simply in need of a new water bottle would be the target audience. Whether it’s for working out, hiking, or just carrying around daily, there’s a market for insulated bottles in all walks of life.
Sell Anti-dandruff Shampoo
With more people experiencing dandruff due to environmental and dietary factors, there is a growing demand for effective and affordable anti-dandruff shampoo treatments. As a result, people are willing to spend money on quality hair care products that deliver results.
When selling anti-dandruff shampoo, use engaging and informative product descriptions and images to showcase the benefits of using the product. Additionally, you can offer combo deals or discounts to incentivize customers to purchase multiple bottles simultaneously.
Sell Teeth Whitening Kit
Because of the high cost of professional dental treatment, many people are turning to at-home solutions to achieve a brighter, more confident smile. As a result, the global teeth whitening products market is predicted to reach $7.4 billion by 2024, with growing consumer preference for over-the-counter products in several countries. When marketing teeth whitening kits, target those interested in personal care and beauty products. This may include individuals active on social media platforms, health and wellness enthusiasts, and those who have previously shown an interest in dental care.
Sell Massagers
Electric massagers offer a convenient and effective solution for relaxation and pain relief in a world where stress and tension are an everyday part of life. These handheld devices can target specific body areas and provide deep tissue massage. Electric massagers are ideal for anyone seeking relief from sore muscles, chronic pain, or stress. They can be used by people of all ages and fitness levels, including athletes, seniors, and those with physical limitations. As a dropshipping business owner, you could target customers interested in self-care, fitness, wellness, and natural health solutions.
Conclusion
With the information provided above, you can find the perfect niche for your dropshipping business and start making profits. But the work doesn’t end here. Remember to conduct thorough market research, find reliable suppliers, and focus on providing excellent customer service to keep your customers happy. In addition, to truly succeed in dropshipping, you need to stay updated on market trends, adapt to changes in consumer behaviour, and always be on the lookout for new and innovative products to add to your store.
