Category: Select Niches

Introduce the trending or popular niches to dropship. And how to choose proper niches.

Top 5 Money Making Industry here in PH without Investment

by Francis Amoroso

Top 5 Money Making Industry here in PH without Investment

1. Vlogging - Here in the Philippines, vlogging is very familiar for almost all of us. Maybe a lot of you are familiar with vloggers like Cong, JaMill, Lloyd Cadena, Ranz Kyle & Niana, Alex Gonzaga and many many more to mention. CongTV is an entertainment vlog that started on February 2008, and now he is earning up to 1.5M per month. While Lloyd Cadena started in 2010, also an entertainment vlog and now earning up to 1.5M per month. Alex Gonzaga, a Philippine Celebrity, started vlogging in 2017 and just for two years, she’s now earning up to 3M per month. JaMill started Dec 2016 and now earning up to 13M per month. Because of these successful vloggers, now, many Filipinos are also very eager to become a successful vlogger and to earn a lot of money. Who doesn’t want to earn millions of pesos every month while having a lot of followers and doing what they want, right? If you think you have enough charisma and worth spending time of contents, why not try this? Maybe this is the right opportunity you are waiting for! But don’t forget,  “Nothing worth having comes so easy”. 2.  Afiiliate marketing - Affiliate marketing is one of the best ways to make money online from home. Most companies offer this since this is a win-win situation for both the company and the one who promotes the company. So what happens here is that you need to promote their products or services on Facebook or any social media that you prefer, and they pay you commission each time someone buy a product or service from the link you provided. Some companies that offer this kind of program are Lazada, Amazon, Zalora and you can also check our affiliate program which is CJ Dropshipping. Makeup, Cosmetics, Perfume, Selling, Business Woman In this kind of business, you can be your own boss and you can work anytime you want. Since they don’t pay you any basic salary, they don’t really care if you work hard or not. Because they will only pay you once you make any sales or you sponsor someone. This industry is also very rewarding once you generate enough traffic and become sales to your affiliate partner. Imagine having a vacation at a 5-star beach with your family and loved ones while earning passive income from your affiliate partners. 3. Blogging - If you are a type of person  who likes to write, then blogging can be a way for you to earn money without investing any money capital. There are a lot of successful bloggers out there. You can be a successful blogger by writing about dogs, cooking, travelling, photography, self-improvement or anything under the sun. Home Office, Workstation, Macbook Air, Notebook, Office You can earn in blogging by putting some ads in your site, affiliate links, selling digital products, or even selling memberships. Blogging may takes time before you earn, but if you really love what you are doing, then it might be worth investing time doing it. 4. Online Selling - To start this kind of business, you have to create an account with online platform like Lazada or Shopee, then you can start selling. If you are not familiar with those platforms, then you can just use your Facebook account to sell your items. Also, Facebook now has the Marketplace where it became more seller and buyers friendly. Ecommerce, Selling Online, Online Sales, E-Commerce With the help of the internet and social media, there are a lot of traditional sellers shifted to the world of online selling. Imagine you can have customers that see your products anywhere they are as long as they have internet connection. And imagine you have a store that can operate 24/7 without paying for overhead expenses like electric bill, water bill, and monthly rent. 5. DropShipping - Since we already tackled online selling, another booming industry or business now is DropShipping. Compare to traditional online-selling or ecommerce, you need to have your items on hand or you need to buy stocks before your customers buy the items from you. Then, after they pay you, you have to pack those items and transfer it to the courier for shipping to your customers. But compare to DropShipping, all you need to do is to sell the items in your store, then your dropshipping partner will take care of everything. They will pack the items for you and they will be the one who will send the items to your customers’ doorsteps. And aside from that, you don’t have to keep your items on hand and you don’t really need to buy items in advance. It’s like you will only buy the products from your dropshipping partner right after your customers already paid the orders to you Dropshipping here in the Philippines is just starting so most of the online sellers out there are not yet familiar about this system. Dropshipping will save a lot of your time from packing your items to sending it to your customers. It will also lessen the risk in your business since you don’t have to pay for any overhead expenses and buy items in advance. So that you can focus more of your time and energy for the advertising and marketing of your business. And good thing about this kind of business, you can start with less capital or even without investing any money. CJ Dropshipping can help you about this since they don’t ask for any sign-up or membership fees compare to other dropshipping platforms out there like Oberlo and Ali Express.
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Top 7 Best Beauty Products that so many People are using now

by Francis Amoroso

1. Professional Temporary Hair Dye Comb

If you are a type of person who wants to always color your hair and worried about the possible hair damage, then this item will be perfect for you! This is a non-toxic, water-soluble hair cream, green and environmentally friendly, FDA-approved, bright colors, 10 colors to choose from, easy to color, easy to clean, no wet hair, light comb to color. Image result for Professional Temporary Hair Dye Comb For more details, click here.

2. Extreme Teeth Whitening System

Do you want to have a killer smile? This product is so indemand for anyone and especially for busy people. You can finish the procedure in 10 mins and if you want more effect, you can repeat the cycle 3 times every 30 minutes to achieve maximum results. This product is so quick to use and very easy.Image result for Extreme Teeth Whitening System: Bleaching LED + Oral Gel  For more details, click here.

3. Ultrasonic shovel machine   

Want to cleanse and nourish your face and restore its good complexion? Supersonic shovel blade has a design that helps  deeply clean your skin with its concave negative ions and  quickly deliver nutrients to the deep layers of the skin by the help of its convex positive ions.  It is also quiet and fast, instantly cleans the skin and restores the skin's good complexion. The operation is simple and convenient. Just clean the skin with the cleansing toner before using. Supersonic shovel blade helps with the absorption of various liquid essence making it 300% effective and efficient.Image result for Ultrasonic Skin Scrubber Face Cleanser Blackhead Acne Removal Facial Spa Vibration Massager Ultrasound Peeling Clean Machine 394Supersonic shovel blade features
  For more details, click here.

4. Magnetic Mask

Say bye to you traditional face mask and fall in love with this new revolutionary mineral-rich magnetic mud mask for cleaner, smoother, more radiant, healthier and younger looking skin. Magnets have long been used in healthcare, especially to help improve wound healing and in orthopedic injuries. Many anti-aging treatments have roots in similar methods, since activity that can enhance the skin’s ability to heal itself also help restore. Image result for magnetic mask For more details, click here.

5. Flawlessly Brows Electric Eyebrow Remover

Image result for Flawless Brows Electric Eyebrow Remover This product will give you an instant and pain-free way to maintain flawlessly brows. It also prevents skin redness or irritation. This discreet and portable device is already a dermatologist approved so you can have quick and convenient touch-ups around under the brow anytime and anywhere. For more details, click here.

6. Beard Growth

Image result for Beard essential oils mild maintenance beard nourishing care beard repair essential oil This Beard growth oil stimulates hair growth and can be used as a conditioner and softener. Its natural ingredients moisturize and smooth the beard, keeping your beards moist, shiny and smooth. This helps you make your beard softer and thicker. The oil has a moisturizing effect on skin and hair for better management and style. It is all natural, no allergic reactions and suitable for all skin types. For more details, click here.

7. Blackhead Suction Instrument Pore Cleaning Household AcneImage result for Golden rice blue acne pen acne instrument kd-7910 acne beauty instrument

This next item is so amazing and it has a lot of benefits. It tightens loose skin, shrinks enlarged pores, kills bacteria and promotes lymph detoxification. It also diminish inflammation and reduce pain. This beuty product is applicable to oily skin, severe skin allergy, and red spots. It is a powerful anti-varicose veins formula, gentle enough to use anywhere on the body - face, nose, cheeks, and legs. Just simply use it everyday and you'll see results in just one week or two. You will notice that it will dramatically reduces the visibility of acne, scars, thread veins in just weeks. For more details, click here.
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How To Price Your Products For Your Dropshipping Store?

by Cherry Chen
When you start a dropshipping business and open a droppshipping store on ecommerce platforms, such as Shopify, WooCommerce, it’s too easy to get stuck on pricing your products. Pricing your products is one of the most important decisions you make, because it impacts almost every aspect of your business, from cash flow to profit margins. It also determines the success of your product or service. If you price your products correctly, it can enhance how much you sell and create the foundation for a business that will prosper. The article will introduce key factors to consider to price your products, some price strategies you need to know, and steps to choose the right pricing strategy.

Key Factors To Consider

1. Research your customer
It is necessary to understand your customers. They will help determine how much you should charge. The key to get to know your customer is to take some market researches. Market research can range from informal surveys of your existing customer to the research projects of third party consulting firms. Informal surveys can be sent out in e-mail along with promotions or directly consult in an existing customer base. And if you simply want to sample all your friends, you can use SurveyMonkey and Google Surveys which are simple and inexpensive ways to compile and aggregate statistics. In contrast, research by third party consulting firms is more extensive and expensive, and also more professional. What’s more, it can explore your market and segment your potential customers very granularly.
After research your customers, you will get information about your customers’ demographics, including where they live, their interests, and income level. If your customers come from mainly low to middle-class backgrounds, they might not be willing to pay luxury prices.
2. Know your competition
Check out how much your competitors charge their customers. You can use your competition’s pricing as an initial gauge. And you can see if your product has additional value, such as additional service and higher quality, to support a higher price. Be careful about regional differences and always consider your costs. It is also a good idea to compare net prices and market perception between your product and your competition’s based on the information from phone calls, secret shopping, published data, etc.
In addition, you can know your competition in many ways and unearth a wealth of competitive data online. You can use Google Alerts to stay abreast of the latest news on any business, product, or industry. And Google Trends reveals the popularity of all search terms. It also a good way to follow the social media accounts of your future rivals to know your competition. Then you’ll get to know their target audience, marketing strategies, and if they’ve found a niche, etc. And pay attention to the type of promotions they offer and time, and consider whether you can match or exceed such discounts.
3. Know your costs
It is necessary to know your product costs. The cost of a product includes the literal cost of the item and overhead costs. Overhead costs may include fixed costs like rent and variable costs like shipping or stocking fees. Don’t forget to include these costs in your estimate of the real cost of your product. It is a good idea to make a sheet that covers all the costs you need to spend every month. Once you know how much you spend on products, you have your break-even point.
4. Set your revenue target
You should set your revenue target and determine your desired profit. Costs and profits are two elements of pricing. Many organizations publish free or low-cost anonymized financial information that you can refer to. Allocate your overall revenue target by each product and estimate the number of each product you expect to sell. Then divide your revenue target by the number and you have the price at which you need to sell your product to achieve your revenue and profit goals.

Common Pricing Strategies

1. Cost-based pricing
Cost-based pricing is one of the most simple ways to price your product. It doesn’t take some factors into consideration, such as customer preference, brand image, and competition. And it involves calculating the total costs it takes to make your product, then adding a percentage markup to determine the final price. There is no doubt that it is simple and lets you quickly add a profit margin to any product you intend to sell.
2. Market-oriented pricing
Market-oriented pricing also referred to as a competition-based pricing strategy, compares similar products in the market. It’s important to understand the costs of making your product, as well as the quality, compared to competitors to accurately price your product. Based on these, you can decide whether to price your products higher or lower than your competitors like the following.
  • Price above market: Justpricing your product above the competition to brand yourself as having a higher-quality or better-performing item.
  • Copy market: Selling your products at the same price as your competition to maximize profit while staying competitive.
  • Priced below market: Using data as a benchmark and pricing a product below competitors to lure customers into your store over theirs.
3. Dynamic pricing
Dynamic pricing, also referred to as demand pricing or time-based pricing, is a strategy that sellers set flexible prices for a product or service based on current market demands. In other words, it is the act of changing a price multiple times throughout the day, week, or month to match consumer purchasing habits better. It requires you to keep tabs on the demands for your time and the popularity of your product and to change prices commensurately.
4. Value-added pricing
If there is added value in your product, customers might accept a higher price. There are some potential ways to benefit the customer more.
  • Facilitate convenience: Some consumers would pay more rather than go out of their way to find what they need or wait a long time to get.
  • Brand your product: Many customers are willing to spend more money on a brand name that they know and feel like they can trust.
  • Set a trend: If your product is gizmo or fashion, market accordingly and consider corporate with influencers that can arise a word-of-mouth transmission to your target demographic.
  • Create scarcity: Some activities such as limited-time sales create scarcity to stimulate consumption.
  • Find a niche: If you’re one of the only sellers of a product, you have carte blanche to set high prices.
  • Provide unparalleled customer service: Many customers pursue a smooth and efficient online shopping experience and prefer the guarantee that they can return a product any time.

Steps To Choose The Right Pricing Strategy

In a short word, there are six steps to choose the right pricing strategy based on the above.
1. Set your business goals
Determine if you want to grow your market share, reach a new segment, or increase your revenue.
2. Research your customers
Run surveys or ask customers to determine if they care more about quality, cost, or service.
3. Know your competition
Analyze the pricing strategy of similar products, including the value they add in service and branding.
4. Calculate costs
Calculate the fixed and variable costs of your material, labor, and overhead to determine how much you’ll need to break even.
5. Set your revenue target
Figure out how much you want to make in profit after your business expenses are paid.
6. Evaluate your strategy
As your product attracts new customers, continually assess how your strategy is serving your business goals.
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How to Select Profitable Niches For Dropshipping?

by Cherry Chen
Dropshipping is a very promising business model and the dropshipping market is exceptionally competitive. It’s even more promising when you choose the profitable niches for dropshipping so that you can get more sales. This niche that you select can make or break your dropshipping business. So how to select profitable niches for dropshipping? There are some instructions that you can refer to.
Find Popular Niches
You can start by looking at Amazon best sellers or Amazon most wished for lists or other top retail’s best-selling list to find popular niches. You can also use the Trendhunter tool which uses some AI magic to find popular products. In addition, you can keep an eye on the trending projects on Kickstarter to see what niches will get some good traction shortly.
Popular niches can be easy or hard to sell. In dropshipping, the big players are the usual trend-setters. They spend a lot of money on marketing to promote products, making some niches popular. The micro players can select the same niches and easily piggyback the popularity of such trends and sell dropshipping products. However, since popular products have too many competing sellers, it may leave you with a very slim profit margin. The trick is to find a popular niche you can make unique to your own store in some way, and find a way to have a competitive edge to compete against other retailers based on price, selection, choice or availability.
Find Accessory-heavy Niches
Merchants rarely make much on big-ticket items and maybe only earn 5 to 10% on products like laptops and TVs. Where they really make their money is on the accessories.
Accessories enjoy significant markups and customers are much less price-sensitive about them. A buyer might shop for weeks to get the best deal on a TV, but wouldn’t think twice about dropping $30 on an HDMI cable from the same place. Yet there's a good chance the business made nearly as much profit on the cable as it did on the flatscreen.
When you choose a niche with lots of accessories, you'll enjoy significantly higher profit margins and fewer price-sensitive shoppers.
Find Niches Hard to Find Locally
If you sell a product that the customer might not find around, turning to an ecommerce platform will be their only option. And you'll be able to get in front of the vast majority of your customers as they search online. Your shop can swoop in and sell the product. While you ideally want something difficult to source locally, you also need to ensure there's ample demand for the product.
You can still sell online the products that are available locally: if you add your own twist to them. For example, Have a Rest is an ecommerce website that sells suitcases, but the suitcases are designed to perfection and are equipped with features that your regular luggage would not have.
Use Personal Experience
Consider choosing a niche that you have actual experience in using. If you have used a niche, you can share your knowledge to your customers. This provides you with a competitive advantage because you can explain the technical aspects of the product and its various uses to prospective customers which will help you sell the product.
And if you have rich experience in marketing, particularly storytelling, choose niches whose stories resonate with you and you can tell very well to your prospective customers.
Check Google Trend
You can check Google Trends for the amount of traffic keywords related to your niche generate to see the market size: for example, a great number of people search for shoes on search engines such as Google, but perhaps not as many will be looking for red shoes sized 8.
You can also check Google Trend for the trend of people’s interest in your niche over time in case the demand of the niche is seasonal or just a pulse, which diminishes quickly. It is better to avoid seasonal or pulse trends as niches, as the usage of your store or listings is going to limited to a minor period.

seasonal trends

pulse trends

You can select the niches that showed stability or a slight growth on Google Trends.
For example, Men’s Fashion shows stability which will likely continue as it’s an evergreen niche.
Select the Price and Profit Margin
Recognize the best price points for each product category in your niche. For example, a high-end t-shirt priced over $50 is acceptable but an everyday white T-shirt worn for lounging at home isn’t. To find the most optimal price points, it takes some in-depth research.
On Spocket, the listing prices and the suggested retail prices can give you an idea of the profit margin. However, that is the price of the product excluding the shipping costs and possibly customs. If your profit margin can still be sustained after the extra charges are added to the wholesale price, then the niche is good to go. The following image shows the extra charges.
Try to choose niches that you can sell with a 30% or more profit margin. The more popular the niches, the more likely you’ll earn less because you’ll have to keep your prices low to stay competitive. However, there are some niches that allow you to make handsome profits, you just need to research more to find them and decide for yourself if the profit margin is worth it.
Find Reliable Suppliers
When it comes to dropshipping niches, you need to see whether you can find reliable suppliers for the niches you select or not. Your suppliers provide your customers with the products and they’re an integral part of the dropshipping process. You will need to start scouting for suppliers that can be trusted and are reliable.
Reliability consists of a number of factors: does each order of the supplier stick to the same time guidelines with regards to shipping, will the supplier be quick to reply in case a query pops up, how are their returns handled--all these questions need to have favourable answers for a supplier to be good.
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