The keychain niche is a fun niche in that people use and/or collect specific keychains for various reasons. If you want to start dropshipping keychains, you can create a new stream of income that is fun and easy to maintain.
There are tons of keychains that you can sell that fall under their own sub-niches. People seek out specific keychains as a way to display a part of their personality.
For example, cat or dog lovers may have a cat or dog type keychain. Some people may have their astrological sign on their keychain and so on. There is such a wide variety of keychains available, you could appeal to almost everyone.
Another nice thing about selling keychains is that they are super low-cost. You could easily triple or quadruple the markup. Chances are many of your potential customers will buy more than one keychain.
If you find the keychain niche interesting, I’ll share with you how the dropshipping process works, where to source a wide variety of keychains at wholesale pricing, and how to easily get your own store operating
The Benefits of Dropshipping Keychains
One of the key benefits of dropshipping is not having to invest your money into buying products that may or may not sell.
Even with a low-cost item like keychains, in order to offer a wide variety in your store, you could still spend hundreds of dollars in buying wholesale items in bulk.
Dropshipping eliminates the buying of inventory in bulk. Instead, you located dropshipping suppliers that carry the items that you want to sell.
You place those same items in your store and when a customer places an order with you, that is when you buy the product from your supplier.
The dropshipping supplier will ship the item directly to your customer and your profit is the difference in price between what you charged for the item and what the dropshipping supplier charged you.
Of course, this entire process can be automated with the right dropshipping eCommerce software. Dropshipping is a cost-effective and easy way to begin your eCommerce business.
You do not have to buy or store inventory and you don’t have to deal with any packing or shipping products. Your primary job will be to promote your store and provide excellent customer service.
Types of Keychains You Can Dropship
The types of keychains that you can sell is almost endless. Here is a short list of what you can offer in your store.
- anime keychains
- engraved keychains
- pompom/fluffy keychains
- medical niche keychains
- shoe keychains
- astrological sign keychains
- self-defense keychains
- car niche keychains
- pet niche keychains
- alphabet letter keychains
- food niche keychains
- fidget toy keychains
- character keychains
- gamer niche keychains
- metaphysical keychains
How to Source Products for Your Keychain Store
You can search for dropshipping suppliers on your own. However, I don’t recommend it. It is a time-consuming process and you can never be sure that you are dealing with a reliable source.
An easier and hassle-free option is to source products from AliExpress.com. AliExpress is a popular sourcing option for many dropshippers.
They are a large online retailer that carries millions of products. Their selection of keychains is huge and a majority of their items are sold at wholesale pricing.
The reason this is possible is that the majority of the suppliers are merchants based in China. However, there are also merchants based in the U.S. and other locations as well.
AliExpress does not have any registration requirements or fees to begin selling anything on their website. You could begin dropshipping right away.
Other cool benefits about using AliExpress include:
- Worldwide shipping
- No limitations on the number of items you can sell
- They do not limit your profit margins
- Order tracking available
- ePacket shipping (a faster shipping method from China to the U.S.)
- Wholesale pricing
- No dropshipping fees or monthly fees
- Buyer protection system with a money-back guarantee
Won’t Shipping Times Affect Sales?
This a common question. However, there are dropshippers worldwide that source their products exclusively from AliExpress without any impact on their sales.
If you are based in the United States, you always have the option to select merchants that are also based in the U.S.:
Most of the products also have ePacket shipping available. ePacket shipping is a faster shipping method from China to the U.S.
For most dropshipping store owners, they make it clear that items are shipping from warehouses in China in their shipping terms and on their product pages.
As long as you are clear about where the items are shipping from and provide estimated shipping times, your sales should not be greatly impacted at all.
You can also refer to a post I wrote which explains four reasons why AliExpress shipping times won’t hurt sales.
Opening Your Own Keychain Dropshipping Store
The fastest and most cost-efficient way to open your dropshipping store is to have it custom-built for you.
If you are excited about sourcing products from AliExpress, then you’ll likely be excited about the dropshipping software that I use on my own store.
The software is called AliDropship and they have a custom dropshipping store creation service. What is great about their software is that it is a WordPress plugin.
Meaning, you won’t have recurring monthly software fees to use it. Besides that, as the name suggests, it sources products directly from the AliExpress website.
Essentially, the software turns a WordPress website into a full-featured AliExpress dropshipping business.
If you are familiar with installing WordPress and plugins, you can buy just the plugin and build your store yourself. That is what I did and I had no problems.
However, if you want to save time or you are not technically savvy, the custom store packages are a great option.
All packages include your own personal manager that handles all of the details of your store’s buildout. Everything is done for you and you will receive a store that is ready for sales.
Making Your First Sale
Remember when I mentioned earlier that the main job of a dropshipping store owner is to promote their store? That is what you can expect as well.
Without proper and consistent promotion, you will not make any sales. Promoting your store can be done for free, using paid advertising, or both.
You should, by all means, create social media accounts for your store. It is a form of free promotion so why not take advantage of it?
Many dropshipping store owners have consistent sales when they begin advertising on Facebook using Facebook ads.
Facebook still remains the dominant platform for advertising. You can reach a very targeted audience. Like all paid advertising there is a learning curve.
I recommend learning all that you can before spending money on Facebook Ads. You can spend up your budget without any results when you are inexperienced.
There is free training that you can find online but for in-depth training, you can also invest in a good Facebook Ads training course.
My Closing Thoughts On Dropshipping Keychains
The keychain niche is a cool and fun niche that is easy enough to get into and create a new stream of online income.
Thanks to the wide selection of keychains, you can open a general type of store or focus in on a specific sub-niche (for example, self-defense keychains.)
The dropshipping model is a low-cost and low-risk way to get started with your own eCommrece business. Your earning potential is unlimited.
While running your own dropshipping store will have its ups and downs, it is made much easier with the right dropshipping software that offers free lifelong updates and customer support such as AliDropship.