The product marketing and sales industry never remain the same. The strategies adopted by different businesses change over time with varying consumer needs. This change in strategies is a must if a business wishes to stay on trend for a long period.
The underlying principle for this is that people get bored with existing products and crave something new. Ask yourself, would you want to purchase the same type of product for ten years? No, right? Well, it is basic human nature and there is no denying that.
Dropshipping businesses have been on the rise in recent years. According to research conducted by various organizations, the market is projected to grow at a rate of 25-28% between 2019 and 2025. For those of you who are not familiar with what dropshipping is, let’s look at it in detail.
What is Dropshipping Business?
A dropshipping business works by purchasing products from a third party and selling them to consumers. These businesses have their own advantages:
- The startup does not require high investment costs as the company does not need to maintain stocks all the time.
- A single business can deal in a variety of products without any constraints.
- The profits are high due to fewer people involved in the supply chain.
- The customers get to enjoy a variety of products at reasonable prices.
As specified earlier, starting a dropshipping business can be very easy. You will not have to maintain an inventory and can pay the supplier when you get paid. But wait, wouldn’t it be confusing for you to choose the products which your business will deal with? Don’t have one? Don’t worry, you can start it easily and gradually work your way up to attain success.
Given here is a list of some of the most innovative and intriguing dropshipping business ideas. Dropshipping has not only enhanced the quality of products but has revolutionized the industry from a consumer's perspective.
Personalization of products has become the new trend among customers, and almost everyone is craving it. Even big companies like Apple are offering engravings on their devices. This is an indication of how well this trend has been going on. You can opt for a variety of personalized products including:
- Personalized necklaces and bracelets.
- Wall décor
- Device accessories
- Notebooks and pens
Wooden Accessories and Decor
People are now looking for sustainable and environment-friendly products. A lot of companies are trying to switch from plastic to other eco-friendly substitutes. Wooden accessories and décor can include a large variety of products:
- Wall clocks
- Laptop stands
- Phone stands
- Hair combs
- Wall décor
Stationary enthusiasts are loving the products available on the market. From aesthetically pleasing colours to cute little cartoon designs. Wouldn’t it be even better if they can get stationary customized by themselves? Yes, of course. These may include:
- Notebooks and covers
- Cartoon inspired pens and pencils
- Note pads
- Sticky notes in different shapes.
A lot of youtube ASMR and relaxing videos show a user arranging their makeup products. This not only seems relaxing but intrigues makeup enthusiasts for doing the same for their makeup supplies. These may include:
- Silicon organizers for makeup brushes
- Glass trays for eyeshadow palettes
- Mirror trays for foundations
- Pearl filled glass jars for brushes
Beautiful lamps can change the overall appearance of a room with different coloured lights. A lot of them may also have projectors that project beautiful images onto ceilings. A lot of people use them as light sources as they are afraid of total darkness at night. Some of these best lamps can be:
- Moon lamps
- Night sky projector lamp
- Open book lamp
- Led projector lamps
Organic Facial Oils
Skincare has now become the first choice of everyone and there is no denying that. From face serums to skin treatments, people are following 7-10 step skincare routines. A large proportion of consumers wish to have organic products rather than harsh chemicals. You can start your business in organic facial oils like:
- Tea tree oil
- Rosehip oil
- Vit c serum
- Coconut oil
Kitchen Tools in Pastel Colours
The colour choices of consumers are now changing from all black to all pastels. And kitchen tools are maintaining their position in the race, as they are available in a variety of colours. You can start selling small kitchen accessories in pastel colours that are desired by everyone.
- Ladles and tongs
- Storage boxes
- Spice racks
- Label makers
- Citrus juicers
Starting a dropshipping business, especially in one of the above-mentioned products can be very fruitful. These products are in high demand among consumers and will help you gain profits with higher margins. You may include one or even multiple products from the different products mentioned in this article. Good luck with your business initiative.
What is the most profitable dropshipping business?
The most profitable dropshipping businesses are Health and personal care, Wardrobe and accessories, Home and bedroom and Office products.
Who are some successful dropshippers?
Tze Hing Chan, Cole Turner, Andreas Koenig & Alexander Pecka, and Sarah & Audrey are some of the successful dropshippers.
Who is the richest dropshipper?
Irwin Dominguez is one of the richest dropshipper, he made nearly $1,000,000 in just 8 months from dropshipping.