Winning Products Friday Episode 197
So good to see you on another awesome episode of our Winning Products Friday.
If you are new here, you might wonder what Winning Products Friday is about. Well, it’s a weekly digest we publish every Friday in which we share trending products that can make you serious money if you dropship them.
In today’s episode, we will be reviewing this Smart Mood Lamp Bluetooth Speaker product. So, what’s the deal about this product and why did we pick it?
Firstly, it’s raked up a good amount of sales ever since The NEXUS, our AI-powered product research engine, has been tracking it: 69 sales and still counting.
Although 69 order doesn’t look like much, especially when you compare this against products we frequently review here, what we know for sure is that this product has a lot of potential.
In fact, we speculate sales orders might hit 500 in about two months going by the data at our disposal.
Interestingly, those 69 orders have generated over $8500 in sales for stores selling this product as you can also see from the screenshot above.
Here’s where things get interesting: stores make an average of $73 in profit each time they make a sale. That’s one of the highest product margins we’ve seen.
This means you can conveniently make $1k in profits just by selling 15 units of this Bluetooth speaker. That’s a lot of money, isn’t it?
In fact, you could even make up to $3K in monthly profit if you amp up your marketing campaign.
Besides an attractive profit margin, you can also notice that this Bluetooth speaker has an excellent Product Insights Rating of 5.
Product Insights Rating is a metric we use to measure just how desirable a product is, both to sellers and buyers, with 1 being the lowest and 5 the highest.
With a Product Insights rating of 5, you can be sure finding potential customers won’t be much of a problem.
Another reason why dropshipping this product makes sense is that it is very attractive. And you know, from experience we’ve observed that people buy products that tickle their fancy or solve a problem for them.
This Bluetooth speaker does both; it’s fanciful and it solves a problem, hence making it a hot seller.
Why this product?
Before deciding on dropshipping a product or not, it’s important to check its historical data. And the two important data to check are the Order and Store trends.
While the former lets you know what shoppers feel about a product, the latter gives you insight into its desirability with sellers.
So what’s this product’s Order Trend chart like? Have a look yourself:
Can you see how sharp the upward slope is? It shows there’s a lot of demand for it and it isn’t fading off the market anytime soon.
As such, you expect some fair level of stability from dropshipping it.
And what about the store’s trend? Have a look at it:
You can also see that it slopes upwards too, indicating a lot of sellers are also interested in it. So far, The NEXUS has picked up 6 stores selling this product – with more in the pipeline.
Excited already and want to start dropshipping this product? First, you need a way to attract potential customers to your store. And what better tool to use than Facebook ads?
Creating a Facebook ad that drives sales isn’t always easy, especially if you haven’t done it before.
What to do: take inspiration from those who have done it before. Or take some time to go through our virtual Facebook Master Course.
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.
Ready to try out Sell the Trend?
Sign up for an account right away.