Top 7 Dropshipping Business Ideas to Try in 2024

Dropshipping is a form of retail that implies goods will be delivered directly to the customer from the manufacturer or supplier, with the retailer as an intermediary. In this business model, retailers typically don’t handle any other tasks except for sales, such as storing goods or organizing their deliveries.

Though only a few know this, the concept of dropshipping was born before the Internet existed. The first ventures following this model kicked off between the ’60s and ’70s and used mail-order catalogs to grow and thrive.

Today, with the help of the Internet, this niche has transformed beyond recognition and is more accessible than ever. Entrepreneurs can obtain their products and plenty of opportunities via many supplier channels to organize and manage their stock and logistics without your personal intervention.

Thanks to easy access, relatively low starting investments, and low risks, dropshipping has become a thriving and sought-after business. Today, it keeps growing, and you can easily get into the profitable dropshipping niche right now. Read on to learn how!

What Products Sell Best via Dropshipping?

The secret of this business model is impulse buying. The idea is simple—entrepreneurs pick interesting goods and advertise them on the web, primarily on social media networks. A product and an ad must be attention-grabbing to make a prospect instantly want to get a specific item out of an impulse. With this in mind, nearly anything can sell well if you find a way to hook your potential buyers.

Nevertheless, if you are looking for the right product ideas for 2024, you’ll need to know:

1. Products trending everywhere always sell well if you advertise them effectively
2. Hard-to-find goods on the web sell great
3. An initial impulse to buy something can be easily put down by a high price a consumer didn’t expect to spend at the moment. Thus, cheap goods under $10 are perfect for dropshipping.
4. Useful everyday products are a wise choice. These can include goods for kids, car accessories, phone accessories, tools, home improvement goods, kitchen supplies, etc.

The goal is to find any trending, helpful, or interesting item to stimulate impulse buying.

How to Find a Winning Product: Dropshipping Business Idea Step by Step

Step 1: Analyze Market Needs

Conduct an in-depth analysis of the current market to spot lucrative opportunities and trends. Focus your attention on real-world success and failure cases in your niche to see which goods sell best and which fail.

Step 2: Find Alternatives to Expensive Products

People are more willing to make impulse purchases that don’t cost much. Thus, if you discover promising and trending high-cost products, research to find cheaper alternatives.

Step 3: Evaluate Competitors

Assessing the competition can help you understand the viability of different goods. Ideally, for dropshipping, you want to find products with high demand and low competition. Such goods can help you stand out and generate sales more easily.

Step 4: Benefit From Keyword Research Tools

Keyword research tools can also help guide your product search. They can help you discover new ideas for the items you can sell. You can also analyze the competition and find effective keywords to drive attention to your ads and website.

Try a keyword suggestion tool such as Ahrefs. Enter your search terms ideas to gain insights into the volume data of searches related to selected goods. You can opt for keywords that have high search volume, which indicates high demand for specific goods. Alternatively, you can focus on low-competition search queries that don’t have much competition.

Be sure to note down the most effective keywords you find for your goods to use later on your website and in your content. Don’t forget to watch search trends and seasonality data to gain more insights.

Step 5: Leverage Social Media to Discover New Trends

Since most dropshipping goods are advertised via social media, different networks remain the best channels for discovering winning ideas.

Start by researching TikTok and Instagram trends. According to recent studies, 55% of Gen Z-ers purchase something after seeing it on TikTok, and 60% purchase it after discovering products on Instagram. Since Generation Z is now the largest cohort of consumers, you should focus on these two social networks to find goods that interest them.

Pinterest trends are also a perfect source of ideas. As of 2023, the most commonly searched categories on this network include:

• Home decor
• DIY and crafts
• Fashion
• Beauty
• Health and wellness
• Parenting

So, if you are planning to sell goods in these groups, check out Pinterest trends to see what is most popular. Scope out Twitter trends, too. You can find more dropshipping business ideas for your venture there.

7 Dropshipping Business Ideas That Will Trend in 2024

Now that you know what makes a perfect product for this kind of retail and how to discover ideas step by step, let us give you a few winning ideas to consider in 2024.

1. Personalized Goods

Personalization has been one of the major trends across different business niches for many years. Modern consumers get more and more interested in tailor-made products, and we expect this trend to continue in 2024.

This group of products offers a wealth of benefits to entrepreneurs. It’s incredibly versatile. Personalization can be easily applied to nearly any kind of good, including accessories, clothing, home decor, and others. Besides, custom goods can offer you pretty high-profit margins—spend $5 on a plain white shirt and sell a customized shirt with a customer’s name or a print-on-demand design on it for $10. The price will remain affordable. But your profit will be as high as 50%.

2. Pet Supplies

“Pets are the new kids.” In recent years, we’ve seen a massive rise in pet ownership across the globe. According to surveys, the two biggest groups of modern consumers—Millennials and Gen Z-ers—are leading the trend of pet ownership. Many prefer getting a pet before having a child. And they also don’t mind spending money on their beloved pets.

According to market insights, the international pet market size was valued at $235.32 billion in 2022 and is projected to grow to $368.88 billion by 2030. This means various pet goods sales will grow in the upcoming years, which makes it an excellent idea to tap into this market in 2024.

For a dropshipping venture, you can pick a variety of pet-related goods, including care products, clothing, accessories, toys, and anything else that you see potential in.

3. Eco-Friendly Products

Due to a better acknowledgment of the environmental hazards and climate change stimulated by human activity, more and more people are now becoming more conscious of their environmental impact, which affects their buying decisions.

According to a 2021 LendingTree survey, 55% of people now want to spend more on eco-friendly and sustainable goods. Moreover, to make a positive change in the environment, they are willing to boycott brands that are not going green. These numbers indicate focusing on eco-friendly goods is a wise way to approach business in 2024, and you can pick such products for dropshipping, too.

Here are a few dropshipping business ideas that are eco-friendly:

• Reusable bags
• Solar-powered items
• Eco-friendly cleaning goods
• Reusable straws

4. Tech Accessories

Today, it’s no secret that technology plays an integral role in our lives. Nearly every person and household in the world now owns at least one smart gadget. And we expect technology to keep expanding further, as more and more devices are entering the market.

Due to its popularity, technology remains one of the most profitable markets. You can enter it by dropshipping tech accessories like cases, screen protectors, cleaning supplies, chargers, and headphones. Different tech accessories are perfect for dropshipping for several reasons—1) they are always in demand and handy, 2) they don’t cost a lot, and 3) people are willing to spend their money on such items.

5. Kitchenware

Everybody has a kitchen. Therefore, no household will ever feel complete without some kitchenware, which makes this category of items another viable dropshipping business idea to try in 2024.

According to market reviews, the revenue in the global kitchenware market is over $16 billion in 2023. It’s projected to grow by a whopping 4.02% CAGR between 2023 and 2028. These numbers suggest that tapping into this niche can be a great way to set up and grow your venture, as well as to generate stable revenue.

On top of that, kitchenware is an excellent market to get into because it’s also very versatile. Plenty of products, decor, and gadgets fall into this category.

6. Gaming Supplies

Gaming is a real international phenomenon. People of different ages, social statuses, and areas across the globe are interested in gaming, which makes it one of the largest markets you can span with your business. Also, it’s worth noting that the gaming industry keeps growing rapidly and brings billions of dollars in revenues every year. So, if you are looking for truly viable dropshipping business ideas, this might be it.

The gaming industry is perfect for dropshipping due to a number of reasons:

• It’s versatile and offers you a wealth of items to sell
• It spans all countries, genders, and ages, letting you reach out to large audiences
• It can provide high-profit margins.

There are plenty of specific gaming supplies you can sell. Some top-selling items currently include ergonomic gaming chairs, wireless gaming controllers, and noise-canceling headsets.

7. Clothing and Accessories

Last but not least, clothing and accessories are the two markets that have always existed and will continue to be in demand for years to come. People have always striven to express themselves through appearance, making the clothing and accessories niche ageless.

Tapping into this market is like diving into a never-ending treasure trove. There are plenty of products to offer your buyers—from custom clothing to fun accessories not offered anywhere else on the web. The opportunities are endless.

Furthermore, clothing and accessories can also offer you very high-profit margins. You can purchase many items at very low prices and resell them to your customers, returning high revenues.

Summary

Dropshipping is one of the most seamless, stress-free business models, especially for young entrepreneurs. It enables you to sell goods and make high profits without bothering with the boring stuff, such as shipping or stocking inventory. Most importantly, getting into this business isn’t hard. All you need is a viable idea.

After reading this article, you have a list of the most promising dropshipping business ideas to consider in 2024. Each of these ideas has the potential to offer you high sales and profits. So, be sure to assess them all and pick an option that feels right for you!