How to find winning Shopify products: 14 Ways to follow

What is a key factor for the success online store?

Is it the best-looking website? Is it the promotion?

The answer is a core product of your company! Finding a great product on the website is a major challenge faced by online sellers.

Not every product will do! Understanding this issue, in today’s article, we will give you a comprehensive guide on how to find winning Shopify products, the products that will enhance your sales and improve your likelihood of achieving success.

Don’t skip if you want to make your journey to a successful online store less tough!

Table of Content

What is a winning Shopify product?

A winning Shopify product is one that is in high demand, has a high-profit margin, and is easy to market and sell. It is also important to choose a product that is not too saturated, meaning that there is not a lot of competition for it.

• High Demand: Winning products are in demand among consumers. They address a specific need or desire, and there is a sufficient market for them. This demand may be driven by trends, seasonal factors, or evergreen consumer needs.
• Unique Selling Proposition (USP): They have a unique feature or value proposition that sets them apart from competitors. This could be related to quality, design, price, functionality, or any other aspect that makes the product stand out.
• Profit Margins: Winning products offer healthy profit margins. The cost of goods sold (COGS) is reasonable, allowing for a significant markup while remaining competitive.
• Scalability: These products can be scaled effectively. As sales increase, you can source more inventory or scale production to meet demand without compromising quality.
• Target Audience: Winning products have a well-defined target audience. You can recognize and connect with your ideal customers through marketing and advertising efforts.
• Low Competition: They are not oversaturated in the market, so there is room for a new entrant to make a mark. Low competition can lead to better visibility and higher profit margins.
• Marketing Potential: These products lend themselves well to effective marketing strategies. They are easily promoted through various marketing channels, including social media, search engines, email marketing, and more.
• Sustainability: While trends may come and go, winning products often have long-term potential. They can sustain sales and profitability over time and are not solely reliant on short-lived fads.
• Positive Customer Feedback: Successful products typically receive positive customer reviews and testimonials, contributing to trust and credibility.
• Solves a Problem or Fulfills a Desire: Winning products often solve a problem or fulfill a desire for customers. They provide value and utility, which encourages repeat business and word-of-mouth referrals.

It’s important to note that what constitutes a “winning” product can vary over time and across different niches and industries. What is successful today may not be tomorrow. 

E-commerce entrepreneurs often engage in product research, market analysis, and trend tracking to identify products with the potential to become successful in their Shopify stores. The ability to adapt and pivot when necessary is also crucial in the dynamic world of online retail.

The power of a winning Shopify product

The power of a winning Shopify product cannot be overstated, as it can have a transformative impact on your e-commerce business. Here are some of the key benefits and advantages associated with having a winning product on your Shopify store:

The power of a winning Shopify product

• Revenue Growth: A winning product can significantly boost your revenue and sales. It can become a major revenue driver, allowing your business to grow rapidly.
• Increased Profits: When you have a high-demand product with good profit margins, your profitability can soar. You can earn more from each sale, which translates into higher profits.
• Customer Loyalty: Providing a winning product that meets customer needs and expectations can foster customer loyalty. Content customers are more inclined to come back for repeat purchases.
• Word-of-mouth marketing: Happy customers often become brand advocates and refer friends and family to your store. Positive word-of-mouth can lead to organic growth and more sales.
• Market Differentiation: A unique or highly desirable product can differentiate your store from competitors. This differentiation can be a key factor in attracting and retaining customers.
• Brand Building: The success of a winning product can help build your brand’s reputation and authority in your niche. It can establish your store as a trusted source for specific products.
• Upsell and Cross-Sell Opportunities: A winning product can be utilized for upselling or cross-selling related products, increasing the average order value.
• Improved Conversion Rates: When you have a product that aligns with your intended audience, your website’s conversion rates can improve. Visitors are more likely to become customers.
• Marketing Efficiency: Successful products are often easier to market and advertise, resulting in more efficient marketing campaigns. You can see a higher return on investment (ROI) from your marketing efforts.
• Economies of Scale: As your winning product gains popularity, you can often benefit from economies of scale in sourcing, production, and fulfillment, which can reduce costs.
• Data Insights: A popular product generates valuable data and insights about your customer’s preferences and behaviors, which can be used to fine-tune your marketing and product development strategies.
• Stability and Sustainability: A winning product provides a dependable income source, which can contribute to ensuring the long-term sustainability of your e-commerce business.
• Cash Flow: The success of a winning product can enhance your cash flow, simplifying the process of reinvesting in your business, expanding your product line, or pursuing new opportunities.
• Exit Strategy: If you plan to sell your e-commerce business in the future, having a winning product can significantly increase the valuation of your business and make it more attractive to potential buyers.

How to find winning Shopify products

Finding winning products for your Shopify store is a pivotal element in operating a prosperous e-commerce business. Here’s a step-by-step guide on how to find winning Shopify products:

1. Market research

Market research is the initial and primary step you have to take when finding winning Shopify products. By doing so, you can understand your target audience, identify emerging trends, and evaluate the competitive landscape. 

It enables you to make informed decisions about your products, ensuring they align with customer needs and market demand. 

By gathering this information, you can make data-driven decisions and increase the likelihood of finding products that will resonate with your customers and lead to e-commerce success.

2. Competitor analysis

Learning from the successes and failures of others in your niche is necessary to find winning Shopify products. Competitor analysis is a method to do so. 

By studying successful e-commerce stores within your industry, you can identify best-selling products, pricing strategies, and effective marketing tactics. You have the option to utilize tools such as SpyFu, SEMrush, or Ahrefs to delve into your competitors’ online presence, traffic sources, and keywords. 

This insight helps you make more informed decisions about the products you select and how to position them in the market, giving you a competitive advantage and increasing the likelihood of finding winning products for your Shopify store.

3. Customer reviews and feedback

Customer reviews and feedback provide valuable insights into product performance, customer contentment, and opportunities for enhancement. 

Favorable reviews and endorsements can establish trust and credibility, encouraging potential customers to purchase. Constructive feedback helps you identify product flaws or areas that may need enhancement, allowing you to refine your product offerings and increase customer satisfaction. 

By actively paying attention to your customers’ input, you can adapt your product selection to better meet their needs, increasing the likelihood of finding products that resonate with your target audience and driving long-term success in your Shopify store.

4. Social media trends

Social media trend is one of the key answers to the question of how to find winning Shopify products. It reflects current consumer interests and behaviors, making it easier to identify products that will capture attention and demand. 

To analyze social media trends, monitor platforms like Instagram, Twitter, and TikTok for trending hashtags, challenges, and discussions relevant to your niche. Pay attention to the engagement, comments, and shares these trends receive, as they can provide insights into what’s capturing people’s attention. 

Additionally, use social media analytics tools to track keyword mentions and sentiment analysis, helping you identify patterns and emerging topics. By staying attuned to social media trends, you can spot product opportunities that align with current consumer interests, creating a competitive advantage for your Shopify store.

5. Dropshipping platforms

Dropshipping platforms offer a low-risk way to test and add products to your store without purchasing inventory upfront. 

To find a suitable dropshipping platform, consider factors like the product range they offer, pricing, shipping times, and reliability. Popular dropshipping platforms like Oberlo, SaleHoo, or AliExpress offer various products and connect you with reliable suppliers. 

Read user reviews, assess the quality and consistency of the products offered, and check for integration compatibility with your Shopify store. Choosing the right dropshipping platform ensures you can quickly and efficiently add winning products to your store and fulfill customer orders without the hassle of inventory management.

6. Niche selection

Niche selection is undeniably one of the most vital steps for finding winning Shopify products as it defines your target audience, making it easier to understand their needs and tailor your product offerings. 

To choose a niche, consider your interests, expertise, and passions, as a niche that resonates with you is often easier to understand and market effectively. 

A well-chosen niche provides a clear direction for your e-commerce business and increases the chances of finding products that will resonate with your target audience.

7. Supplier and manufacturer research

Supplier and manufacturer research is a way to ensure you can consistently source high-quality, reliable products to offer in your store. 

To conduct this research, start by identifying potential suppliers or manufacturers through online directories, trade shows, or industry associations. 

Evaluate their reputation, product quality, pricing, and reliability by reading reviews, seeking recommendations, and contacting them directly. Ensure they can meet your product demands, maintain consistent inventory levels, and provide competitive pricing. 

Supplier and manufacturer research is crucial for maintaining product quality and meeting customer expectations, which are essential for the long-term success of your e-commerce business on Shopify.

8. Seasonal and trendy products

If you want to tap into short-term spikes in demand, capitalize on consumer preferences, and drive sales during specific periods, then you shouldn’t neglect the seasonal and trendy products

To identify such products, monitor market trends, and anticipate seasonal shifts in consumer behavior. Use keyword research tools, social media trends, and industry reports to stay updated. Prepare your store and marketing campaigns in advance to take advantage of seasonal and trendy opportunities. 

By effectively timing the introduction and promotion of these products, you can boost sales and profitability during peak periods, contributing to your e-commerce success on Shopify.

9. Quality and reviews

Quality and reviews directly impact customer satisfaction and trust. 

Superior-quality products not only fulfill customer expectations but also lead to positive reviews and word-of-mouth referrals, which can significantly boost sales. Positive customer reviews build trust and credibility, influencing potential buyers’ decisions. 

By offering quality products and actively managing customer feedback, you enhance your store’s reputation and increase the likelihood of finding and maintaining winning products that continue to generate sales and loyal customers in the long term.

10. Target audience research

Target audience research allows you to comprehend the requirements, preferences, and challenges of your prospective customers. 

To conduct this research, create detailed buyer personas by considering demographics, interests, behaviors, and challenges. Utilize Google Analytics along with social media analytics to gain data-driven insights into your website visitors and followers. 

This research helps you tailor your product selection to align with the specific requirements of your target audience, increasing the likelihood of finding products that resonate with and attract your ideal customers, resulting in higher sales and customer satisfaction.

11. Adapt and iterate

The e-commerce landscape is dynamic, and consumer preferences change over time. What works as a winning product today may not be as successful tomorrow. For this reason, if businesses don’t want to be left behind, adapting and iterating are crucial.

Adapting involves staying agile and open to shifting trends, customer feedback, and market dynamics, enabling you to modify your product offerings and marketing strategies accordingly. Iterating means continually refining your product selection and marketing based on performance data and customer insights. 

This process ensures that your e-commerce business remains competitive and responsive to changing market conditions, helping you maintain and find new winning products to drive long-term success.

12. Use e-commerce tools

Using e-commerce tools is vital for finding winning Shopify products, as they provide data-driven insights and automation capabilities that streamline product research, marketing, and management. 

These tools, like Google Analytics, keyword research tools, social media analytics platforms, and Shopify apps, help you track customer behavior, identify emerging trends, and optimize your store’s performance. 

They provide the information needed to make informed decisions about product selection, pricing, and marketing strategies. 

Additionally, automation tools can help streamline tasks like inventory management, email marketing, and order processing, allowing you to focus on finding and promoting winning products while efficiently running your e-commerce business.

13. Test products

Testing products is the best way to assess demand and gather real-world data before making substantial investments. 

To do this, start by introducing a limited selection of products to your store. Use Shopify to create product listings and conduct marketing campaigns to gauge customer interest and sales performance. Pay attention to factors like conversion rates, customer feedback, and profitability. 

Using the results, you can enhance and refine your product offerings, eliminate underperforming items, and scale up the promising products. This iterative testing process minimizes risks and helps you find products with the potential for long-term success in your Shopify store.

14. Ethical and legal considerations

Last but not least, to answer the question of how to find winning Shopify products completely, you can not miss the ethical and legal considerations step. This step ensures the sustainability and reputation of your e-commerce business. 

Selling products that adhere to ethical and legal standards not only prevents potential legal issues but also builds trust with customers. It’s essential to research and comply with relevant laws, including product safety regulations and intellectual property rights. 

By adhering to ethical and legal standards, you protect your business and enhance its potential for long-term success, as customers are more likely to support and advocate for businesses that operate ethically and legally.

Top 7 platforms to find winning Shopify products

To find winning Shopify products, you can explore various platforms and tools that offer insights into market trends, product demand, and competition. Here are seven top platforms to help you discover potential winners:

• Google Trends: Google Trends allows you to track search interest over time and identify rising or stable search terms. You can use it to spot trending products and understand the seasonality of demand.
• Google Keyword Planner: This tool provides keyword data and search volume, helping you identify popular keywords related to your niche and product categories.
• Social Media Trends: Platforms like Instagram, Twitter, and TikTok can be valuable for monitoring trending hashtags, challenges, and discussions related to your niche. Social media insights can provide real-time data on consumer interests and behaviors.
• Amazon Best Sellers: Amazon’s best sellers list can provide insights into products that are currently in high demand. While not Shopify-specific, it’s a good indicator of what is popular among consumers.
• Shopify App Store: Shopify’s app store offers various apps designed to help you find and source winning products. Apps like Oberlo, Dropified, and Spocket can streamline your product research and management.
• AliExpress: AliExpress is a widely used platform for dropshipping, offering a vast selection of products. You can use it to identify trending products and source items for your Shopify store.
• E-commerce and Market Research Tools: Tools like Ahrefs, SEMrush, and e-commerce research platforms can help you analyze competitor stores, perform keyword research, and gain insights into market trends.

Remember that finding winning products involves research, analysis, and adaptation. While these platforms can provide valuable information, success in e-commerce often requires continuous monitoring and adapting to changing market dynamics and consumer preferences.

The bottom line  

In conclusion, finding winning Shopify products is an art that combines data-driven research, creative thinking, and adaptability.

Remember that the e-commerce landscape is ever-evolving, so stay agile, be prepared to pivot when necessary, and always keep an eye on the horizon for the next winning Shopify product that could propel your business to success. Happy e-commerce journey!