While e-commerce was once limited to a few larger vendors, it has since evolved into becoming increasingly accessible, making it possible for anyone to sell products online. Many products are easy to send via dropshipping, reducing the resources you need to spend on your supply chain.
The concept of dropshipping is simple: source out a product you’d like to sell from a third-party merchant (like Aliexpress), offer the same product on your e-commerce store for a couple bucks more, and when someone purchases it, order it from the third-party merchant to have it delivered straight to the customer. You keep the difference.
If you’re interested in starting a new e-commerce store, another unique way to separate yourself from the rest of the pack is to accept Bitcoin. When you receive Bitcoin from customer purchases on your dropshipping website, you can initiate dropshipping orders off your credit card or with cash. Especially useful if you’re looking to earn Bitcoin without buying it directly.
Blockonomics allows you to accept Bitcoin on your Woocommerce, Magento, Prestashop, Joomla, and WHMCS store at a 1% transaction fee — plus your first 10 transactions are free.
Ready to start selling? Here a few awesome product ideas to get you started with dropshipping effectively.
People need more electronics than ever before, and dropshipping has made it easy to sell these items online. Within the electronics niche, there is a diverse range of popular products. Determining which ones will see the most short- and long-term growth will help you earn a ton of Bitcoin.
Wireless audio is an area that’s consistently becoming more popular as hearable technology becomes more widespread. In addition to hearable, wearable gadgets are also growing as they gain functionality and a mass audience. These pieces and related accessories are a great place to start with dropshipping and accepting Bitcoin.
Reusable Shopping Bags
Consumers use millions of plastic bags every year, and as people become aware of our pressing environmental responsibilities, they’re turning to reusable bags as a way to chip in. Although these may not be the flashiest items to sell, the market for them is only going to grow as environmental awareness becomes more common.
In addition to being environmentally friendly, you can also market fashionable bags depending on your audience. There are already many online vendors providing beautiful, high-quality bags that customers will want to take to the store over and over again rather than being thrown away after a single use.
Cosmetics and Beauty Products
Unlike some of the other items on this list like shopping bags and electronics, cosmetics are an ongoing purchase, so getting a customer to buy them from you will provide you with long-term value.
Once you’ve broken into this sector, you should try to expand to a greater variety of products. If you started with makeup, for example, consider opening up your shop to include skincare and shower products. Many of your customers will likely be interested in related products, especially if they can get them all in one place.
Similar to electronics, pet products are always in constant demand. This is an extremely safe industry to sell in, as you can depend on a consistent audience for your dropshipping store. Whether you’re selling products intended for pets or simply pet-themed accessories and gifts, you can count on long-term traffic.
Exercise and Sports Apparel
Another hobby that will never lose interest. Exercise is a great niche to get into, especially as fitness becomes a major aspect of more and more lives. Everyone from joggers to serious athletes need durable, affordable athletic gear, making it the perfect item to dropship.
Arts and Crafts
Arts and crafts is an interest with seemingly unlimited popularity and appeal. Compared to more limited-time, trendy options, there will always be interest in these types of products, and you won’t have to worry about them going out of style or becoming passé.
There are artists of all types, experience levels, and goals who all need high-quality supplies, meaning that there’s room in this field for a large number of vendors. Whether you want to sell budget-friendly knick-knacks or professional-grade collectibles, something in between or all of the above, you’ll surely find buyers for your art supplies.
Benefits of Accepting Bitcoin in Dropshipping
While it’s possible to run a dropshipping site using only traditional currencies, accepting Bitcoin is a great way to reach a new audience. In addition, you’ll be able to avoid the transaction and other fees associated with banks and payment processing, saving you substantial money every year. Plus, the gains of holding a trending cryptocurrency speak for itself.
Although many of these products are available in physical stores, a growing number of consumers would rather purchase them online rather than going through the traditional route . Whether you’re new to dropshipping or have years of experience, adding any of these products to your online store will diversify your audience and give you more ways to earn money.
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7 Dropshipping Ideas for Accepting Bitcoin on E-Commerce was originally published in Blockonomics Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.
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