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

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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)