In this episode of “The Marketing Nerdz Podcast”, “Karan Dharamsi” CEO of The Marketing Nerdz walks you through the First step of Starting an eCommerce Drop Shipping Business right from the scratch!

If you too have been thinking about starting your own eCommerce business, and getting into the eCommerce space, Drop Shipping is the best business model to start with.

It is a complete “no brainer” and has very minimal investment involved which makes it one of the most easiest and convenient Business models.

In today’s episode of the 3 part series, Karan Dharamsi speaks about the “3 Phases” to start your own Drop Shipping Business!

For every Drop Shipping business, there are 3 phases which are very, very important to look into, namely:

• Selecting the Right Product
• Finding the Right Supplier
• Marketing the Product and setting the backend processes

So ready to learn more about the very first and crucial phase for setting up your own eCommerce Business?

Great! So in this episode, Karan Dharamsi is going to share the 3 most important criteria’s to look for while selecting the right product for your business.

To begin with, he speaks about his phenomenal experience with his eCommerce business in USA, Germany, Japan and UK, and mentions how these four markets have always proved to be great for Business.

And moving forward, he answers the question of “how to find the right product?”

Find the Niche for your drop shipping eCommerce business

Picking a niche for your business is the very first step in setting up the eCommerce platform.

Ideally, this niche should be something that you are really passionate about, something that you are an expert in. This will help you to understand the language of your market place, their needs and demands!

Once you are clear about the niche that you want to cater to, here is the next criteria to look into.

The next thing to do is to visit amazon,com or .in depending on what market are you targeting and check out what’s already selling well in your niche!

Yes! Researching and analysing things that are working or not working in your niche is essential to make sure you are working in the right direction.

The main thing to do at this point is to identify the best selling products in your niche and category. Once done with that, you can go to watchcount.com to get a detailed report of the number of units being sold each day!

This detailed report will help you understand the kind of numbers you can expect plus the kind of demand for your product in the market.

There are multiple ways and tools that can be used to do the same:

• watchcount.com
• shopify inspector

All of these are amazing tools and you can use them to find out the right product for your eCommerce Business.

Following this process, once you select the niche for your product and have a list of minimum 25 products shortlisted, here is the second criteria:

The Product for your drop shipping eCommerce business has to be Under $1

Make sure the product that you select is priced under $1. This will help you increase the number of sales which is initially the goal for your business.

The Product has to be small in size

Make sure that the product that you select is small in size which will help you lower the shipping charges.

Also, always pick a product that you know consumers will use month after month. This ensures repeat purchase and hence your customers will come back ti you contributing to your business.

So these are the criteria’s to look into while selecting the right product and niche for your eCommerce Drop Shipping Business.

Follow the steps to get your first phase clear to set up your Business model and make sure to use all the amazing tools and websites to find the best product for you.

And here’s one thing to always remember:

While stepping into the market, always step into a market place which is highly competitive!

YES! You heard it right!

If a market place is actually very competitive, it means that there are hungry customers to buy that product and hence, it will be easier to sell you product in that space where the demand already exists!

With a low competitive market place, you will have to create that kind of a demand and it is very difficult unless you have a strong marketing message or an exceptional product.

Hence, getting into a highly competitive market place is very, very, very important!

And of course, once you find the right product, the next thing to do is to find the right suppliers and your marketing bit which will be discussed in detail in the next podcast.