eCommerce Niche Dilemma
I am looking to start an eCommerce store based on a Dropship model. Being that this would be my first store, I wanted a niche that is related to my passion/hobby which is music creation. After looking at the catalogs of some related suppliers (that do dropship) I found a specific product line within the "pro audio" field that would be both interesting to me, and one that I could provide a lot of information/value on the site as well. The main deterrent in going forward thus far has been that the market is very competitive for that keyword and the related long-tail keywords. Below are some pros and cons about the specific niche:
Pros:
25,000 monthly searches on main keyword, and solid long-tail.
Smaller, medium sized item for shipping.
Preexisting knowledge, interest in niche
Found two reputable suppliers on both coasts of the US.
Item has M.A.P pricing, so amazon for example wouldn't be able to advertise a lower price than I would.
Neutral Points:
Selling price on product is between $75-$1000. This could be both good and bad for me as higher ticket items tend to require more deliberation on the buyer's end.
Cons:
Heavily competitive market, in addition to Amazon & eBay we are talking huge stores like guitarcenter.com, zzsounds, bhphotovideo.com, jr.com all in the top 10 results of Google search for main keyword.
While I haven't checked what my actual margins would be, I wanted to get some of your opinions first. Specifically, am I wasting my time? Should I look at a niche that has far less competition, and one that would give me more of a chance for me to rank on Google even though my interest in the field would not be there?
Any feedback is greatly appreciated,
Cheers!
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waynemoney -
Thanks - 1 reply
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Comercy -
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LarryS -
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Comercy -
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