How You Can Find A $5K/Day Dropshipping Product In 10 Minutes!

How You Can Find A $5K/Day Dropshipping Product In 10 Minutes!

This video presents a new, free product research method for drop shipping in 2024.

The approach emphasizes using unique and practical resources, including a Google Sheets template, which helps track product data during research. The key steps include finding products via specialized databases like AliExpress Business and TikTok Shop, analyzing their performance (e.g., reviews, orders), and evaluating their market viability.

The Google Sheet helps organize findings like product name.

Competitor stores, review scores, and TikTok views. The video also provides tips for determining if a product is a good fit, such as ensuring it has at least 500 orders and a rating above 4.5 stars. The process includes competitor analysis through tools like Amazon and Facebook Ad Library. As well as utilizing TikTok views to gauge product interest. The goal is to identify profitable products using a detailed, structured approach.

The text discusses strategies for identifying potential winning products for dropshipping, with a focus on using various databases and tools to track product trends and competitor activity. Key points include:

1. Tracking Competitors. To understand whether a product is scaling or downscaling, you should monitor at least five Facebook pages running active ads for the same product. Track the changes every 3-5 days and update a cheat sheet to assess whether the product is gaining or losing traction.
2. Using Etsy for Research. Search for products with offers like “50% off” or “free shipping,” and filter by U.S. physical items. Products with more than 100 reviews are worth considering, and you can use Chrome extensions to find similar products on AliExpress.
3. Exploring Depop. Similar to Etsy, search for items using keywords like “50% off” and filter by new items. Check the seller’s page to determine if they are a business or personal account and investigate the products that are performing well.
4. Using Mercury. This platform allows you to filter for new and trending products, providing a great way to discover potential dropshipping products. Searching through categories like toys and collectibles can lead to relevant product ideas.
5. Analyzing Offers and Marketing Tactics. To differentiate yourself from competitors, analyze their offers (e.g., “Buy one get one free”) and marketing tactics (e.g., scare tactics or educational angles) through their ad library. This helps you create unique offers and angles for your own campaigns.
6. Product Saturation Score. Use a scoring system to assess the saturation level of a product. The score helps determine if the product is worth pursuing based on factors like competition and product availability.

The video emphasizes that these strategies are free, practical, and offer a fresh approach compared to typical methods.

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