A Speed, price, capacity, USB version and weight.
The four main factors are: read speed, write speed, price and capacity. Speeds should be quoted in MBps and should be checked before making a purchase, some drives are painfully slow. The main thing to ensure is that the drive is USB 3.0 which is significantly faster than USB 2.0. Some manufacturers offer various bells and whistles like built in security or backup features but these are generally available as freeware downloads (e.g. Truecrypt and Syncback) so are not worth paying any extra for. Finally you might want to consider weight and physical dimensions, some drives are ten times heavier than others.

The Best.
CPUGPUSSD
Intel Core i5-9400F $140Nvidia GTX 1660 $220Samsung 850 Evo 250GB $70
Intel Core i5-9600K $225Nvidia GTX 1660-Ti $275Samsung 850 Evo 500GB $90
Intel Core i7-9700K $350Nvidia RTX 2060S (Super) $429Samsung 850 Pro 256GB $230
HDDRAMUSB
Seagate Barracuda 1TB (2016) $44Corsair Vengeance LPX DDR4 3000 C15 2x8GB $70SanDisk Extreme 64GB $88
WD Blue 1TB (2012) $37G.SKILL Trident Z DDR4 3200 C14 4x16GB $500SanDisk Extreme 32GB $48
Seagate Barracuda 3TB (2016) $64Corsair Vengeance LPX DDR4 3200 C16 2x8GB $73SanDisk Extreme 16GB $24
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