Nowadays, technology and electronics are everywhere. You can’t go anywhere without seeing someone with a smartphone, smartwatch, fitness wristbands, and various kinds of audio and video equipment. With so many products out there, why not start making money and start to dropship electronics?
With that being said, in this article, we will uncover if dropshipping electronics is hot or not. Can you create a steady source of income with this niche? How to dropship electronics the right way and what’s the best tech under 5 dollars? Let’s see!
Why dropship electronics?
Before we go any further, let’s see if it is worth starting an ecommerce business focused on dropshipping electronics.
It may come as a surprise to you that the electronics industry is a highly popular one, with its revenue amounting to more than 375 million dollars, according to Statista. The perks of this niche is that there is broad product differentiation. Besides expensive electronics everyone is aware of, there are lots of cheap items that nowadays are getting really popular. An example of this are the different types of wristbands or earbuds. These kinds of products can become perfect for your online store.
Furthermore, having an electronics focused dropshipping store, you can expand your product offering by adding various electronics accessories and additional/spare parts.
It seems clear why you should dropship electronics, however, an entrepreneur has to be aware of certain aspects of this industry.
Why should you sell low-cost items that are under 5 dollars?
We also heavily recommend you to add supplementary products that are just under 5 dollars. You’ll be surprised why it’s a great idea.
It’s more likely that people will spend a small amount of money on little things rather than throw away large sums of money on something they might rarely use. Even so, spending $5, as opposed to $100 may seem like not such a big waste of money to some customers.
Having low-cost goods in your online store can bring another great value, such as impulse purchases. While browsing through your store, people might stumble upon some kind of low-cost product and randomly purchase it. What’s funny about this is that they might not even actually need the purchased items. All they will see is a cheap price and an interesting product that they MIGHT need.
And that’s just the beginning! Just imagine how successful your store can be if you’re offering mostly trending products to sell and also useful and one of a kind electronics.
So, what does one have to know about dropshipping electronics and tech under 5 dollars?
The need to know features if you wish to dropship electronics
What is a must for you to start dropshipping electronics?
- Overall industry interest and knowledge
Whatever area of work you pursue, you should be knowledgeable about it and have a general interest in it. Thus, since you are going to be selling electronics, which is a technically complex item, you have to know the specifics of your products: what components do they consist of, their specifications, etc.
- Market knowledge
The next thing to keep in mind is the market you’ll be operating in. Specifically, what products are sold, which ones might be trending, and which ones are strongly in demand. This will make certain aspects of your job easier, such as deciding what to import into your store, how and what to promote, the potential target audiences, and so on.
- Trusted suppliers
We have already mentioned that dropshipping electronics presents itself as a complex niche. So, if some product will break down or have some kind of malfunction, you have to be sure that your supplier will have no problem replacing the damaged goods.
This is why finding trusted and reliable suppliers is essential in the dropshipping business. They will help keep your reputation intact and help keep the customers satisfied.
You can find suppliers on your own, through trial and error. Though, this might end up hurting your ecommerce business in the long run. An alternative can be to turn to various supplier databases. The Internet is full of them, here are a few just to mention:
What items work best when you dropship electronics and best tech under 5 dollars?
It is essential to have the right product in your store. That’s why we have prepared a short list of electronics that your potential customers may find interesting.
- Fitness trackers
- Wristbands
- Earphones
- Smart LED bulbs
- Speakers
- Bluetooth receivers
- Bluetooth headphones
- Portable speakers
- Phone accessories
- Microphones
- Water temperature indicator
- Extension cords
- Cord organizer
- Hi-tech night light
- HDMI cables
- Headphones
- Remote control tools
Final takeaways on why you should dropship electronics
If you are fond of all kinds of electronic devices and accessories then you should definitely dropship electronics! Your hobby will finally bring you profit and with the dropshipping business model, anyone can start such a venture.
All it takes is a bit of your free time, dedication, and you will definitely be able to create an additional source of income that will make your life much easier.