You might have been reading about dropshipping and liking the idea of it but feeling unsure about where to begin and which market to enter.
This is normal and entirely expected from someone is new to the business model. In this article, we will focus on how to find the right niche for your dropshipping business, with an emphasis on vaping, smoking, CBD and related products, all of which are offered here at wholesale rates.
Why Dropship?
Dropshipping is a low risk, low investment, high profit business model. As a dropshipper, all you have to do is market a product and sell it. You do not need to keep any stock, package products up, organise shipping or handle returns. You simply sit at your computer or smart phone and market your product. The rest is sorted for you. You can learn more about dropshipping with JM Wholesale by clicking here.
Which Market To Enter?
You can do one of two things when setting up your dropshipping business. You can either:
Provide general, broad range products: This means you will cater to a variety of preferences and reach as many people as possible this way.
Or
Provide a niche product / interest. For example, you might focus on CBD products for medicinal purposes, which allows you to target a specific audience and reach particular pain points, becoming an expert in one area. Niche markets mean you have less competition. The downside is that your customer base will be smaller.
It's up to you which way you go.
If you decide to specialise, there are 7 very good markets to enter right now.
Here are our suggestions.
CBD Skincare
CBD has shown to clear up acne in a way that many medicines can't. People with skin conditions are desperate for a great, long term, natural solution to their skin ailments and CBD could be it.
Topical products like creams and lotions are very popular. They also need to be purchased regularly, so you will be guaranteed repeat sales if you provide the right products and an excellent customer service experience.
Check out our CBD skincare range here.
We really like:
CBD Vapes
CBD is rising and popularity and so is vaping. The two match up nicely because vaping gives you a good CBD hit quickly. Check out our CBD vapes here.
We really like
Disposable Vapes
Disposables are gaining popularity. There is no hassle with disposables and they now come in an interesting range of flavours. They are delivered already set up, and they are thrown away once they have been used up. Each disposable comes with a puff rate, which refers to the number of puffs you can expect from each vape pen. Ask your customers how often they vape to determine how long their disposable vape pens will last. Infrequent vapers can use a lower puff count without having to change it too often. Extremely avid vapers might need a much higher puff count. Disposables are particularly favourable amongst new vapers because they are simple to use and can mimic a cigarette. Check them out here.
We really like
Juicy Fruit Bar Disposable 600 puffs
Vaping In General
There are tons of vaping products you can offer your customers, including starter kits, advanced kits, refillable tanks, e-liquids and disposables. If you fancy creating a general vaping store that caters to all needs, you can do so with JM Wholesale. Vaping is hugely popular and one thing many vapers have in common is a love of variety - whether it be exploring different flavours, blends or vaping kits and tanks. Therefore, it can be helpful to have a nice range of vaping products available for your customers to experiment with.
CBD Food
CBD can be eaten as gummies, lollipops and chocolates - plus much more. This is better suited to people who wish to stay away from vaping and don't like taking pills. The food can be delicious and you won't taste the CBD. Different foods have different quantities of CBD in them, and different types of CBD too. Some people love eating CBD food, and at JM Wholesale we have a wide range for you to offer your customers.
We really like:
Orange County CBD Peach Sweets
Smoking Products
Smokers love websites full of interesting bongs, pipes, papers, lighters and everything they can need to have an excellent, high class smoking experience. You can offer this to customers with the help of JM Wholesale.
CBD Oils and Capsules
CBD oils and capsules are used orally. Oil is placed under the tongue, whereas a capsule full of oil is swallowed. These are popular supplements for people who want to use CBD for health reasons, such as to manage chronic pain. You could easily start a dropshipping business targeting this customer base.
We really like:
Botanic Wellness 1500mg CBD Oil
Creating a Website To Fit The Niche
When you set up your dropshipping website, you will want to design it so that it suits the market you are targeting. For example, if you were going to target people with skin conditions using topical or oral CBD capsules, you would want a clean, clinical looking website with lots of appropriate imagery and testimonials relating to CBD skincare. If you were going to create a smokers accessories website, you'd go for a much more funky, upbeat look, with lots of colourful products on display and smoking tips. The trick is to customise appropriately depending on the niche.
We can help
Dropshipping is easy with the right distributor on your side. JM Wholesale can help you to set up a successful and reputable dropshipping business selling CBD, vaping kits, smoking accessories and much more. We can give you advice on your inventory, help you to create an appropriate website, and will update your inventory in real time without you having to lift a finger.