WBSP259: Grow Your Business by Learning How To Find Products for Dropshipping w/ a Panel of Experts

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A successful e-commerce strategy requires you to be able to dropship your products. This is especially true for newer brands that might not have access to the capital necessary to set up the distribution and logistics network required to meet customer expectations. Even the existing brands need to have it as part of their strategy for newer products and territories before setting up an expensive distribution network for untested ideas. But finding products for dropshipping is not easy as the dropshipping business model requires you to find the products with appropriate margins. It also requires you to find quality suppliers who are willing to support your order types, MOQs, and customer experience expectations. Finally, it requires you to research the competition and channels to ensure that you are able to compete with bigger brands that might have the economy of scale with their existing fulfillment network. So how do you decide which are the right products for dropshipping? Do you analyze each channel and SKUs and determine if dropshipping might make sense? Do you also need to consider the product weight and size to account for shipping complexities, cross-border challenges, and white-glove services that might need to be included as part of your product bundle? These are the questions you are going to have if you are exploring dropshipping as part of your business strategy.

In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss how to find products for dropshipping. We discussed the criteria for finding the right SKUs for dropshipping and the differences between B2B and B2C dropshipping. Finally, we covered strategies of how to conduct price and supplier research to set up the dropshipping network.

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