Advice on What To Sell When Dropshipping

Hi All!
I'm new to SaleHoo and online selling. I've been reading the articles and searching what sells on eBay. I have a question perhaps you can help me with. I'm thinking about selling baby monitors and breast pumps on eBay. Probably dropshipping. I have an EIN and LLc already. Would you say expectant and new moms is a small nich market? Do you feel eBay would be too competitive for a newbie? If so what nich markets would you suggest for entering a new online venture? Lot's of questions I know, but I certainly would appreciate any ideas, suggestions, etc.
Thank you for taking the time to get back with me!
Lisa

Hi Lisa, welcome to the forum,

It's not a market I have any personal experience in myself, however I doubt it would be a niche market. My instinct would be that it would be much more of a relatively mainstream market, than niche. That doesn't mean it would be a bad market to get into, but you would need to research it to really get a much clearer picture.

Too competitive?

Well that's impossible to say without any data in front of me. Comes down to all of the basics, how many sellers are in the market, how many buyers are in the market, is the price you have competitive enough and so on. There is just so many factors that go into answering a question like that, that it's impossible to give an assured answer without haven't dome solid experience in that particular market unfortunately.

As for what other niche products might be good, well if I had the answer to that then I would be selling every single one of them myself lol. Developing a niche market usually comes down to lots of test marketing. This is where dropshipping really helps, because whiole it doesn't always provide you with the best possible price, it does give you the ability to do that test marketing without the expense of purchasing product upfront.

So certainly no harm at all in test marketing your products. The one bit of advice I would give here, is if you are going into baby monitors and breast pumps, then don't limit yourself to just those two products. See if you can incorporate other associated products in that genre to improve your chances of finding a market.

Cheers

Thank you for replying.............yes I guess it's trial and error and finding what works. I guess I should find who supplies, what it will cost me then compare selling prices on eBay and see if I can compete. I will research and find out all I can on those products and complimentary products.
Lisa

Hi Lisa,

Yeah, it's a very research intense business. When calculated the costs on products, make sure you also include things like PayPal fees, eBay listing and selling fees and so on, don't miss anything out because that will ultimately all have to be factored in to accurately compare the level of competition.

Let us know if you need any help with suppliers, the girls in support will do their best to assist.

Cheers

Thank you! Yes I've been considering all of the cost involved. Got to find the price to sell to achieve my objective after all cost considered.
Lisa

Yep, price is super important, especially on a platform like an eBay because eBay shoppers in general are bargain shoppers. Not all of them, but I would suggest a very large percentage of them would say price would be one of the biggest factors in them deciding to purchase from a seller. Having said that, their are other avenues that can also make you look attractive to buyers.

Shipping times
Great professional looking listing
Special offers

The more boxes you tick in this game, the more you increase your chances of success!

Good advice! I will definitely keep that in mind!