Winning Products Friday Episode 195
It’s another awesome edition of our weekly Winning Products Friday digest, and we are so excited.
And what are we even excited about? Well, every Friday, we review hot-selling products that can make you a fortune if you dropship them. We do this because your success as a dropshipper matters a lot to us.
In today’s edition, we will be reviewing this Grip Trainer product!
What’s the deal about this product and why have we chosen to review it?
First off, it has amassed an impressive amount of 20,000+ orders in a short time window.
You will see the screenshot above my clinking on the Grip Trainer link.
It’s quite rare to see a product that has garnered sales orders this huge in a short period of time. And this can only mean one thing: there is a lot of demand for this Grip Trainer product, which isn’t fading away anytime soon.
So far, those 20K orders have amounted to over $500K in sales for stores. That’s a an incredible feat. In fact, you are leaving a lot of money on the table if you aren’t selling this product yet.
Here’s where things get a bit more interesting: $420K out of that $500K is just profits! Your jaws dropped right? Because ours did as well.
How’s it even possible for sellers to make such a crazy amount of money in profits? Well, as you can see from the screenshot, the average profit margin of this product is $21.22.
This means stores make about $21 in profit each time they sell this product.
Imagine dropshipping just 100 units of this product in a month. You’d walk home with a cool $2,100 chilling in your bank account without even keeping a single inventory. Awesome, right? It definitely is!
But, is selling 100 units of this product a far-fetched idea or something achievable? We believe you have your answer already: if other stores have generated a lot of sales from selling this product, so can you.
Besides an impressive sales order volume and profit margin, you can notice from the screenshot that this product has an excellent product insights rating of 5.
Product insights rating is a metric we use to measure how desirable a product is to sellers and shoppers. This metric is important because it provides you with an additional yardstick to judge if a product is worth dropshipping or not.
Products with insights ratings of 4 to 5 are the real deal. This one has a perfect score of 5.
Are order volume, profit margin, and product insights rating enough indicators to determine if a product is dropship worthy?Well, not all the time.
Another important factor to keep in mind when checking out a potential product for dropshipping is if it solves a problem. This is important because people, more often than not, buy products to solve a problem or satisfy a craving.
In the case of this grip trainer, it helps people, especially those struggling with physio issues, improve their hand grip.
On top of that, this isn’t the kind of product you could easily purchase from a supermarket. People looking to buy this product will most likely start their search online. This means finding customers won’t be much of a problem.
Why this product?
Are you worried that this product might fade away from the market in the future, even though it is trending hot at the moment? That’s a real concern you shouldn’t take lightly though.
Thankfully, there is an easy way to know if a product will be stable in the market over a long period of time. And that’s by checking its Order Trend.
Order Trend is a chart The NEXUS, our AI-powered product research engine, generates for products we’ve been tracking.
Have a look at this Hand Grip Order Trend:
Notice how sharply this chart slopes upwards? It shows that consumer interest in this product has been growing steadily, and they are falling head over heels to get it.
As such, you can expect some stability from this product, as it isn’t fading off the market anytime soon.
Unfortunately, Order Trend doesn’t give you any clue about what sellers think about a product: Store’s Trend does.
Here’s what this product’s Store’s Trend looks like:
Can you see that the chart slopes upwards as well? It indicates Stores are also interested in this product, further solidifying the fact that it isn’t fading away soon.
So far, our product research engine has picked up 4 stores selling this hand grip, with many more in the pipeline.
Excited already and want to start dropshipping this product? You need to figure out a way to attract potential customers to your store.
And what better strategy to use than Facebook ads?
Setting up a Facebook ad campaign can be overwhelming if you are new to it. Lucky for you, we offer a free Facebook ads course for beginners.
Better yet, you can take inspiration from stores running Facebook ads for this product.
Ready to add this product to your store?
Sell the Trend makes it super easy to import products into your dropshipping store from Aliexpress or CJDropshipping, and you can do so with a few clicks of the button.
If you don’t have a store yet, you can easily create one using SHOPS, our intuitive drag-and-drop design editor that enables you to create stunning storefronts for your dropshipping business. It only costs $24.97 and comes with a free 7-day trial.