3. Choosing
Your Niche
45
Basically, you have to determine if a niche is suitable based on the following:
dz The
level of competition
dz The demand for physical niche products
dz The long term
forecast of niche popularity
The best dropshipping niche would have low to medium competition and high
demand. It would also stay popular indefinitely. Of course, niches like this don’t
exist, so you have to figure out how to balance these criteria.
The right balance
for you might not be right for another entrepreneur, so you
have to think critically
about which elements are most important to you.
Here’s a simple two-step process you can use to start your search for a niche. It
revolves around the idea that some niches are better for physical products than
others. Once you’ve
found those niches, you can ask other questions to help you
narrow it down further.
3. Choosing Your Niche
46
STEP 1:
Search for trending or low-competition niches.
Begin by doing a simple Google search for ‘trending niches’ or ‘low-competition
niches’. You’ll have to narrow your search a lot, but this is a basic start. You’re
just taking baby steps for now and getting a very big picture
sense of the various
dropshipping niche ideas out there.