First of all, let’s really quickly go over what you want from a niche when choosing one.
• A Lot Of Sales
Pretty obvious but you want to find a niche that has a lot of sales or its growth shows the potential for a lot of sales.
The problem is some really great niches with insanely passionate customers simply do not have big enough customer base.
You might have the best conversions out there, but it will not mean anything is the total amount of sales is not big enough.
• Low Amount Of Customer Support
Might not sound like a huge deal, but believe me customer support is going to be one of the hardest parts of dropshipping business.
Customer support is just so time requiring that eventually when scaling you will need to start hiring people just for customer support alone.
Thus, try to find a niche where products will require the least amount necessary for customer support.
• High Margins
Pretty obvious as well, but you have to constantly keep this in mind. Will the niche you choose has high enough margins.
You might have great sales and little customer support, but if the products are very cheap or lets say generic, then this might be a problem.
Would you choose to sell 10 000 bracelets with $2 margin or would you choose to sell 400 watches with $50 margin..
It might be easy to sell cheap bracelets, but the quantity to earn substantial money can really become insane.
Related: ‘How Much Money You Need To Start Shopify Dropshipping Store‘