301. How To Do Dropshipping Niche Selection in 2024

In this episode of The Dropship Podcast we're giving you the ultimate guide to niche selection in 2024.; We'll explore why understanding your customer – their problems, interests, and needs – is the cornerstone of a thriving dropshipping business. We'll discuss how this customer-first approach helps you avoid the common traps many entrepreneurs fall into and sets you on a path to success. This episode is packed with actionable advice, whether you're just starting out or looking to refine your existing strategy. Let's get started! Links ⁠⁠⁠⁠https://dropshipbreakthru.com/5 - Get our short niche selection course for just $37 and find your niche in an afternoon. ⁠⁠⁠https://dropshipbreakthru.com/shopify⁠⁠⁠ - Get a $1 trial on Shopify and start having a play around. The best way to learn is by doing. Get familiar with the platform by being inside of it. Sponsors ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Clearsale⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  — Add this app to your business and never worry about fraud  chargebacks again. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Shopify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — The only Ecommerce platform we recommend. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Grasshopper⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Get an 800 number for your business from Grasshopper ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Rewind⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠— Automatically back up your Shopify store data ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/PrimedMind⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Get coached by the #1 Mindset Coach in the world, Elliot Roe Timestamps Building a Business to Serve People (00:00:00) The Importance of Starting with the "Who" (00:00:45) Avoiding Unviable Niche Ideas (00:04:12) Understanding the "Who" and Avoiding Unviable Product Categories (00:06:48) Finding the "Who" to Cater to Specific Customer Needs (00:11:07) Building a Business with Higher Revenue Potential (00:13:23) Researching Different Interests and Hobbies (00:16:31) Finding High Ticket Products With AI (00:19:26) Evaluating High Ticket Products (00:20:22) Using AI for Niche Selection (00:21:12) Assessing Market Viability (00:22:25) Identifying Potential Suppliers (00:23:32) Supplier Call Preparation (00:27:01) Flexibility in Criteria (00:29:35) Shipping Considerations (00:31:05) Competition Analysis (00:36:50) Repeat Business Potential (00:41:58) Traffic Evaluation (00:48:21) Understanding Customer Needs (00:59:12) Traffic and Volume Importance (01:00:02) Niche Selection Criteria (01:02:59) Next Steps and Resources (01:03:46)