The method
Paste into ChatGPT/Gemini/Claude. Best used when researching potential niches. Iterate by changing product keywords or target demographics. Analyze the responses to find viable, low-competition opportunities. Refine based on search volume and trend data.
The prompts
Prompt 1
I want to explore dropshipping opportunities. My initial idea is selling [Product Category] to [Target Demographic], like college students. Analyze the market potential, competition level, and potential profitability. Consider factors like shipping costs, sourcing difficulties, and marketing challenges. Are there any similar popular trending products? What alternative products or services are more profitable and less competitive that would appeal to the same demographic? Suggest at least 3 alternative niches based on your analysis. Highlight potential challenges and how to mitigate them.
Prompt 2
Evaluate the dropshipping potential for [Product Category] in the [Country] market, targeting [Specific Interest Group]. Analyze the current market trends, identify key competitors, and assess potential profit margins. What are the common pitfalls to avoid when starting a dropshipping business in this niche? Consider import regulations, language barriers, and cultural preferences. Outline a basic marketing strategy to reach the target audience, including suggested platforms and advertising methods. What are some potential long-term sustainability challenges of this niche?