One of the most well-liked and lucrative online businesses to launch is dropshipping. Since setting up a thriving dropshipping business is simple and nearly free.
However, the difficult aspect is determining the most profitable dropshipping products to sell. For that reason, this article from LitCommerce is established to provide you with the top 15 best dropshipping products with high profit margin, including:
- Beauty and Personal Care products
- Sunglasses
- Candles
- Pet Supplies
- Phone case
- Stickers
- Art products
- Essential Oil Diffuser
- Fitness Equipment
- Jewelry
- Action Figures
- Kitchen products
- Smart home products
- Garden tools
- Eco tote bags
Dropshipping products with high profit margin
What are The Characteristics of a High-margin Product?
Before discovering the best dropshipping products with high-profit margin, you should first learn about what characteristics contribute to making high profit margin dropshipping items. These characteristics include:
- quality
- problem-solving
- social media trends
- uniqueness
- scarcity in the market
- seasonality
Quality
Quality must be your first concern when you want to sell items with big margins. Because it is what makes you stand out from other businesses and builds strong client connections that encourage repeat business.
To ensure the quality, selecting a dependable fulfillment service is the first step. High quality goods and prompt shipment are requirements that must be together.
You certainly cannot earn high profit margin if you let your customers down with shoddy goods, protracted delivery dates, and excessive shipping charges. You can also request samples to examine the quality of the goods first before selling them.
Additionally, get comments from your loved one, close friends, or regular clients to make sure everything is perfect. This may take some time but it is really worth it, especially when you decide to launch your new products.
Problem-solving
Problem-solving is also one of the most important aspects that dropshipping products with high profit margin must have. If a person has a serious problem and finds an advertisement for an item that will help him, he will most likely purchase that product.
Search engines as well as additional advertising platforms, such as Facebook, YouTube, etc. may assist by showing your problem-solving items to individuals who are experiencing the same issues.
For instance, if you are having acne on your face, you will probably look for remedies or products that can solve your problem on Google and locate relevant posts on Facebook.
Based on that point, Facebook, Google, and other social media platforms will store you as a potential buyer of an acnes-relieving product. As a result, you will begin to notice advertisements for items or solutions that address acne difficulties.
Social media trends
Social media trends also play an important role in bringing high margin dropshipping products. If the good or service is new, the tendency will rise as the marketplace begins to develop around the product.
There are several methods for determining a product’s trend. Some of these are listed below:
- Google Trends
- Viral Posts on Social Media
- AliExpress Dropshipping Center
Uniqueness
Dropshipping is an extremely competitive field, in order to attract clients and generate dropshipping highest profit, you must provide them with the uniqueness of your products and services. It may be difficult, but there are some strategies you can do.
Start by considering how you may enhance current items by including new features. You might also concentrate on developing original designs that cater to a certain market and that buyers are frequently prepared to spend extra for.
And lastly, think about branded dropshipping. This entails developing a unified brand aesthetic throughout your online store, marketing, and packaging initiatives. You can add your customized logo or something else to recognize your brand on your website, for instance.
Since customers are more likely to associate your brand with great quality, allowing you to charge a higher price for your goods that will create dropshipping products with high profit margin.
Scarcity in the market
Scarcity in the market
The scarcity in the market is a crucial consideration. The idea that a product is in great demand and in short supply raises its perceived value and appeal. Scarcity may help you boost sales, draw in additional clients, and instill a feeling of urgency.
You can do this by selecting niche items that are hard to find elsewhere to lessen competition from other suppliers. Additionally, you may provide limited-time free delivery or other offers.
Rather than waiting and maybe losing out on a fantastic price, this will urge your clients to buy immediately and save money.
Seasonality
Seasonality
Finally, we should not forget the seasonality. Some high profit dropshipping products perform better throughout certain seasons. Depending on the time of the year, these hot goods have a minimal possibility of sales.
For instance, during the Christmas holiday, products for decorating Christmas like gingerbread houses, Christmas trees, etc. will be in high demand. As a result, dropshippers are required to offer merchandise within that time period.
Conversely, these Christmas items should not be sold when the season has already ended or is only a few months away.
15 best dropshipping products with high profit margin
The below are the top 15 best dropshipping products with high profit margin to sell. We suggest you read every single one and determine what products you are going to sell depending on your expertise and interest.
#1 Beauty and Personal Care products
Beauty and personal care products
In addition to lifestyle choices, beauty care products help people maintain and improve their looks. As a result, we must dropship high margin beauty care products to provide them with greater self-assurance and comfort.
From 2023 to 2027, the beauty care sector will be profitable with a CAGR of 3.80%. This product category’s dropshipping market will be worth $571.01 billion alone.
Top popular niche dropshipping products with high profit margin for beauty and personal care products:
- Hair strengthening oil
- Acne pimple patches
- Mascara
- Moisturizing creams
- Eyeliner pencils
#2 Sunglasses
Sunglasses
It is not surprising that the sunglasses sector is worth billions of dollars given in the fashion industry. The sunglasses are a timeless item called an evergreen item that sells all year long and is highly profitable.
Statista predicts that in the US by itself, 120 million pairs of sunglasses will be sold in 2023. That is remarkable given that sunglasses are frequently considered to be a seasonal item.
Top popular niche highest margin dropship products for sunglasses:
- Aviator sunglasses
- Cat eye sunglasses
- Round sunglasses
- Retro rectangle sunglasses
- Butterfly sunglasses
#3 Candles
Candles
Candles have been for years a popular present for people who lack originality in their gift-giving. According to Statista, the experts forecast the candle market will generate 10.41 billion dollars in revenue in 2023. It is anticipated to expand by 2.88% yearly (CAGR 2023 – 2028).
Additionally, even with the best oils and wax smells, creating candles is inexpensive. Therefore, you may enjoy a nice profit margin without going over your budget by making your homemade candles with natural components.
Top popular niche dropshipping products with high profit margin for candles:
- Scented candles
- Soy candles
- Tea lights
- Pillars
- Beeswax candles
#4 Pet Supplies
Pet supplies
Statista showed that the sales of pet supplies were predicted to have risen by over 20 billion dollars between 2020 and 2022, reaching an expected global total of 123.6 billion USD.
Moreover, the coronavirus pandemic contributed to the increased profit margins for owners of online pet supplies stores as people had more time to spend with their pets.
Top popular niche high margin dropshipping products for pet supplies:
- Bedding and furniture for pets.
- Pet apparel and accessories
- Supplies for grooming pets.
- Feeding products
- Water fountain
#5 Phone case
Phone case
According to Google Trends, the ranking of the search term “phone cases” is constantly strong and it is reasonable to wonder why phone cases are so well-liked online.
It is worth having a phone case to protect your expensive smartphone or you have to pay a large amount of money to buy a new one or fix it.
Moreover, you can get an extensive variety of phone cases at reasonable costs in Internet shops. Since phone cases generally are not expensive when buying online, internet buyers frequently engage in impulsive buying.
Top popular niche dropshipping products with high profit margin for phone case:
- Battery charger phone case
- Military grade phone case
- Lightweight shockproof phone case
- Extra slim silicone phone case
- Glitter design phone case
#6 Stickers
Stickers
Stickers are another product that can boost your profit margin. Sticker bombing is a popular way to express one’s personality and style. People use stickers for entertainment, personalization of their belongings, or even invitations and greeting cards.
The majority of stickers today come in a vinyl format that can be used both indoors and outdoors with great longevity.
Top popular niche high profit dropshipping products for stickers:
- Stationery stickers
- Decorative stickers
- Toy stickers
- Wall stickers
- Vehicle stickers
#7 Art products
Art products
The demand for art products has been increasing over the past few years. People are buying wall art, sculptures, and other art items to decorate their homes.
Statista reported that in 2023, the worldwide market size of the interior decoration industry will be 830 billion US dollars.
Top popular niche dropshipping products with high profit margin for art products:
- Posters
- Canvas prints
- Framed artwork
- Postcards
- Greeting cards
#8 Essential Oil Diffuser
Essential oil diffusers
Essential oil diffusers are becoming increasingly popular for their therapeutic effects and healing capabilities. They offer an easy and effective way to get the benefits of essential oils and a great way to add ambiance with pleasant aromas in your home or workspace.
According to Grand View Research, the global essential oil market is expected to reach $13.62 billion by 2025, with a CAGR of 8.3%.
Top popular niche high profit margin products for essential oil diffusers:
- Electric diffusers
- Ultrasonic diffusers
- Reed diffusers
- Nebulizing diffusers
- Candle diffusers
#9 Fitness Equipment
Fitness equipment
Now that the work-from-home trend is well underway, more individuals are choosing at-home exercises as a method to keep up a healthy lifestyle. The need for workout equipment has risen significantly as a result.
Statista predicted that the global fitness equipment market would grow by 8.3% annually from 2020 – 2025, bringing in over $13 billion by 2025.
Top popular niche dropshipping products with high profit margin for fitness equipment:
- Elliptical pedal exercisers
- Exercise resistance bands
- Knee braces and stabilizers
- Fitness tracker watches
- Smart weighing scales
#10 Jewelry
Jewelry
Ranked 10th in this list is jewelry. It is a popular item with a large profit margin, which makes it an attractive option among retailers. The margins of selling jewelry online can be as much as 80% based on your source.
According to Technavio, from 2022 to 2027, the online jewelry industry is expected to develop at a CAGR of 15.55%. The value of the market is expected to grow by 36.23 billion dollars.
Top popular niche high profit margin products for jewelry:
- Earrings
- Necklaces
- Watches
- Bracelets
- Brooches
#11 Action Figures
Action figures
Selling action figures is a great dropshipping product idea. Action figures are great gifts for both adults and children, making them highly sought-after items by people of all ages around the world.
According to Grand View Research, the size of the worldwide action figure market was estimated at 8.27 billion USD in 2022, and it is anticipated to rise at a CAGR of 8.6% from 2023 to 2030.
Top popular niche dropshipping products with high profit margin for action figures:
- Batman Bat-Tech
- GWTAT superhero
- Avengers titan hero series
- Hasbro Marvel Avengers titan hero
- Super hero sets
#12 Kitchen products
Kitchen products
One more great option for selling high margin products are kitchen products because everyone needs these tools to cook every day.
In addition, because most kitchen items are tiny, they are simple to ship and store. They are therefore ideal for eCommerce, particularly when adopting a drop-shipping business model.
Top popular niche dropshipping products for kitchen products:
- Paper towels
- Disposable paper plates
- Food kitchen scales
- Non-stick baking mats
- Multi-purpose chopping tool
#13 Smart home products
Smart home products
People are using smart home items to assist them in managing their busy lives since there are so many technology products invented for houses such as WiFi-enabled lightbulbs and virtual assistant gadgets.
The profit margins on these items may be extremely good because many customers are ready to spend more for the newest and gadgets technology.
Top popular niche dropshipping products with high profit margin for smart home products:
- Air filters
- Bedroom led lights
- Ring video doorbells
- Hanging wall hooks
- Extension cords
#14 Garden tools
Garden tools
Garden tools are a great way to generate profits when selling online. Many people are looking for ways to make their outdoor spaces more comfortable and beautiful, making garden products one of the most profitable products.
Moreover, as the demand for green areas is increasing, people have become conscious about how they look after their gardens and lawns. Therefore, this has created an opportunity to sell various garden tools online.
Top popular high margin dropshipping products for garden tools:
- Pruning shear
- Weeding knife
- Digging trowel
- Round point shovel
- Rain gauge
#15 Eco tote bags
Eco tote bags
Eco tote bags are a great item to sell because they have become increasingly popular in recent years as environmental awareness has grown. These bags can be made from various materials and come in many shapes, sizes, and colors.
Furthermore, customers appreciate the convenience of these items since they can be used for shopping, traveling, and even as a fashion accessory.
Thus, the demand for eco tote bags has been increasing over the years which makes them an attractive item to sell online with high profit margins.
Top popular niche dropshipping products with high profit margin for eco tote bags:
- Structured leather tote bag
- Hawa rainbow tote bag
- Lori tote bag
- Cloud bag tote
- Tokyo tote bag
FAQ (Frequently Asked Questions)
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Final
Now you have the list of the 15 most profitable dropshipping products that you can sell. It might be difficult to choose the dropshipping products with high profit margin to sell, but by adhering to simple rules, you can improve the probability of success.
So, just go ahead, choose a high-margin niche item that interests you most, and start working on it. If you have any problem, take time to read our LitCommerce Retail Blog and join the Facebook Community for more guides. Or you can directly Contact us if you want!