Dropshipping Businesses You Could Start Today
There’s no doubt that the past year has changed the world. With so many people working from home, it’s now been proved that a lot of businesses can successfully run without needing expensive central offices.
This realisation has got a lot of people thinking about starting up businesses of their own. Running your own business gives you the freedom to decide what you want to do and when you want to do it. It can also give you the opportunity to take advantage of market trends so that you have the best chance of making a decent profit.
The problem is that a lot of businesses require a lot of investment upfront, which is a daunting prospect, particularly if you’ve never run a business before and you don’t know whether you’ll enjoy it! This is why dropshipping is an attractive prospect for a lot of prospective business owners.
What is dropshipping?
The idea behind dropshipping is that you don’t hold any stock yourself. You would set up a website and drive customers to place orders, but when they do that, the order is actually fulfilled by a third party.
Dropshipping is a great option because you don’t need to buy any stock up front or find lots of storage room. This enables you to offer a greater variety of products than you might usually be able to. It also means that you only need to focus on getting customer orders in, which is plenty to be getting on with!
The downside of dropshipping is that you don’t have a lot of control over how quickly the order is fulfilled or what communication between shipper and customer is like. This can cause a bad customer experience if you aren’t diligent about choosing your dropshipping partner.
If you like the idea of dropshipping, read on for some ideas on the kinds of products that you could focus on.
Home workout equipment
For most people, lockdown either brought out the inner fitness monster or the inner cookie monster. People who have found a passion for fitness during lockdown and who have got used to doing their workouts at home are quite likely to want to continue to do so.
Working out at home is much simpler, cheaper, and easier to fit into your day than a trip to the gym.
For people who are continuing their workout routines at home, they will likely need to buy equipment from time to time, and that’s where you come in. Spend some time researching the best fitness products for dropshipping, and you could be onto a winner!
The recent pandemic has got people focusing a lot more than they did previously on their overall health, and specifically the health of their lungs.
Smoking has been on the way out for a long time, but the past year has seen more people than ever switching their cigarettes for a vape.
Vaping is not just a replacement for smoking, though, it’s an entire lifestyle. There are vape championships, and people in the know are constantly talking about their rig (that’s vaper talk for their vape…) and trying to find their favourite flavour of e-liquid (sometimes called vape juice).
Focusing on wholesaling e-liquids is a great way to tap this market because vapers will always need more e-liquid, and they will always want to try new flavours and strengths.
Another thing people have been doing over lockdown is baking. There have been so many banana loaves made in the UK alone that bananas became one of the most popular food items of 2020.
This new found love of home-cooked food is unlikely to dissipate when people return to post lockdown life because people are now seeing serious benefits from cooking and baking their meals from scratch.
Find yourself a good dropshipper for kitchen supplies and find a niche. For example, you could combine the trends for home-cooking and fitness and think about providing things like smoothie mixers. People have no idea which one is the best, so if you can fill that gap in their knowledge, it could be really profitable.
Wellbeing has been a trend of necessity during lockdown. People have had to learn to focus on their mental wellbeing in order to stay functional during the uncertain times that have been the last year. Again, these are habits that people are likely to want to keep up.
Try focusing on products that people who are focused on their wellbeing might like, for example, decaffeinated and organic teas or perhaps meditation cushions.