5 Ways To Find Niche Products To Sell
The Fulfillment by Amazon (FBA) business model continues to grow in popularity, and for good reason. Fundamentally, it’s the same as a traditional e-commerce business. But, instead of your having to fulfil orders one by one, Amazon stores your products for you and even picks, packs and ships them out to customers.
However, this popularity comes with a price. The foremost problem is that it became increasingly more difficult to find products worth selling online through FBA. Tons of tools exist that assist you in analyzing possible niches and spying on your competitors.
Therefore, we can find a new trend where FBA sellers are looking for new profitable niche markets outside of Amazon. Also, the high FBA costs concern many sellers as Amazon charges a variety of fees — monthly storage charges, membership fees, and shipping and gift-wrapping fees. Where ModulTrade only requires a significantly lower commission of 3%,
So, what now? Let’s dive into alternative methods for finding niche products.
What is a niche?
Before we head off, it is good to know what a niche is and how we can define a niche.
A niche is a tightly defined market segment that has a similar trait in common.
Whether it is a common interest, location, demographic, or problem, this group of people shares one commonality that allows them to be readily identified as a unique sub-section of a market.
To give an example, you can target for ‘Cooking Enthusiasts’ but you can also target the niche that likes quick and easy tutorials called ‘30-Minute Chefs’.
How to find your niche?
#1: Trending on Reddit
If you spend a lot of time online, chances are you’ve heard of Reddit. The site bills itself as the “front page of the internet,” and that’s not an empty boast: As of this writing, Reddit is the sixth most popular site in the United States, according to Alexa.
In short, it’s a gigantic collection of forums where people share news and content or comment on other’s posts. The nice thing about Reddit is that it allows you to explore and discover new or trending topics.
If you want to spot new trending subreddits, a website called ‘snoopsnoo.com’ allows you to filter by topic to find subreddits that recently gained a lot of popularity.
As you can see, Reddit is a great place where new trends are born. Being one of the first to spot and jump on a trend can be very beneficial as you have the first-mover advantage.
Finding random websites on obscure topics sounds like a real pain, especially if you don’t even know what you are searching for! This is where a website marketplace like Flippa comes in handy. Flippa is a site where you can buy and sell websites. And the coolest part is that you can often see key information like the website’s URL, website traffic, monetization stats, and much more. It is even possible to filter for websites that focus on dropshipping of physical products.
#3: Find Niche Blog Topics
As Flippa may be a great method to get key insights, the niches explored by these websites are most likely full of competition by now. What if we could find a bunch of trending blog topics all in one place? That’s exactly what Alltops offers. It is an aggregator for trending content that should give you better insights into what is hot right now.
#4: Trend Watching
You don’t have to be a trend watcher to find cool products, websites like Cool Material and Aquiremag do the work for you. People can vote, comment, and add interesting new products. A recent example from Cool Material is a lock picking set. It is easy to verify this trend as YouTube is full of these ‘How to learn lock picking’ tutorials.
#5: Google Trends
Google Trends is an amazing tool to spot search queries that are rising on Google. To show how effective it is, here is a simple search for ‘lifestyle’ which gives some interesting insights.
What to do when you found the perfect niche?
First of all, we do recommend to search for other platforms than Amazon to start selling online. Another option is to use Shopify which is one of the best e-commerce platforms that helps you to build scalable online stores with tons of plugins to fit your needs.
However, if you want to add more trust and provide a better experience for your users, ModulTrade might be a good alternative option. ModulTrade has been built to facilitate trust by default using a built-in escrow system for every financial transaction happening on the MT Marketplace.
ModulTrade provides the possibility to open a fresh webstore for free on their marketplace, which gives you a lot of possible visitors without any efforts. Besides that, being part of the ModulTrade platform, you can use the built-in ModulTrade token or use the A-EUR stable coin created to stabilize the ModulTrade economy. The A-EUR token is a great invention because it allows you to trade using the power of blockchain technology while having the benefits of a stable fiat currency.
If you don’t want to use crypto, you can still decide to pay using credit cards, and the seller doesn’t even need to have a bank account for that as he can receive the funds in A-EUR tokens.
As you can see, opening a new webshop on ModulTrade requires significantly fewer efforts and its free. The commission you pay when dealing online with ModulTrade is significantly less than what Amazon charges.
Good luck finding your niche!