Top 24 Dropshipping Products with High Profit Margin in 2024

As we delve into dropshipping in 2024, the potential profit is abundant. To succeed in this market, It’s important to make wise choices. Especially when selecting products with high profit margins.

Whether you’re starting out or already in the game, welcome to our guide. It’s about the top 24 dropshipping products with high profit margin in 2024. let’s explore together how these products can elevate your online business.

What is a high-profit margin product?

A high-profit margin product is one that you can sell at a significantly higher price than what it costs you to produce or acquire. This means you’re making a good amount of profit on each sale.

These products typically have low production or acquisition costs. But, they allow for a big markup. This makes them very attractive for any business.

How to calculate a profit margin?

It’s essential to know how much profit you’re making on each product. Gross profit margin and net profit margin are both essential for small business owners to measure and understand their business health. However, net profit margin comes closer to describing a company’s financial health.

That’s because the net profit margin takes into account total expenses, including cost of goods sold, operating expenses such as rent, account subscription, employees’ salary, and any other costs.

Gross profit margin only considers the cost of goods sold, including packaging, shipping, tax, advertisement, and so on, which helps price a product.

Here is the formula for calculating the gross profit margin.

For instance, you sell a product at the price of $20, import it at the payment of $10, and spend $3 on the advertisement.

Here is the formula for calculating the net profit margin.

For example, you have monthly sales of $6,000, a cost of goods sold of $2,500, and $2,000 in other expenses, including rent, account subscriptions, and so on.

Why Should You Seek Out Products with High Margins?

Higher Profit: Products with high profit margins significantly increase your earnings. Higher profits let you allocate more funds to key areas. For example, marketing can attract more customers and boost sales. This reinvestment creates a virtuous cycle, leading to sustained business growth.

Business Security: High-margin products act as a financial safety net. In the volatile world of e-commerce, not every product will perform well. When one product underperforms, the higher profits from other products can help offset the losses. This buffer is key. It maintains stability during market changes and surprises. It ensures your business stays resilient.

Growth Opportunities: High-margin products provide the money needed. You can use it to invest in your business’s future. With more money to spend, you can seize new opportunities. You can use it to launch new products, expand your product line, or improve your operations. This financial strength lets you grow your business better. It also lets you stay competitive in the market.

Top 24 trending products with high-profit margin in 2024

Pet supplies

Market Demand and Trends: The Google Trends chart shows searches for “pet supply” over the past five years. Interest appears stable but with some fluctuations.

Target Audience: People who own pets, especially dogs, see them as part of the family. Those people treat pets well and are willing to buy high-quality, expensive products for them. They also prioritize pet’s health and happiness. If you own a pet, know everything about pets, and know how to market and attract pet owners, this could definitely be a great niche for you to grow your business.

1. Pet toys

Pet toys are accessories for pets. They give pets entertainment, exercise, and mental stimulation. They come in various forms, such as chew toys, interactive toys, and plush toys.

Pros

• Low Shipping Cost: Small size and lightweight.
• Variety: Ranges from simple plush toys to complex smart toys.

Cons

• Product Loyalty: High product homogeneity means customers may be easily attracted to lower-priced alternatives.
• Safety Concerns: Ensuring toys are safe and non-toxic is crucial. Poor quality can lead to pet health issues and damage your reputation.

Product Cost：$ 6.11

Selling Price：$ 15.41

Gross Profit Margin: 60%

2. Automatic pet bowl 

Automatic pet bowls are innovative feeding solutions. They provide convenience and consistency in feeding pets. This is especially true when owners are away or have busy schedules.

Pros:

• More convenient: Automated products make it easier and faster for pet owners to feed their pets.
• Customization Potential: Many customers will be attracted by specificity.

Cons:

• Price Competition: Highly competitive pricing in the market.
• Fragility: Ceramic or glass materials can be prone to breakage during shipping.

Product Cost：$ 45.35

Selling Price：$ 111.07

Gross Profit Margin: 60%

3. Dog tracker collar 

Dog tracker collars are wearable devices. They are designed to monitor and track the location and activity of dogs. They provide owners with peace of mind and ensure the safety of their pets, especially when they roam outdoors.

Pros

• Increasing Market Demand: Pet owners are increasingly concerned about their pets’ safety, and this product can help reduce the risk of losing pets.
• Brand building: Some suppliers will provide customization services like printing brand logos and unique packaging designs. This will help promote your brands.

Cons

• Risk of Failure: Electronic products may encounter technical issues, which can complicate after-sales service.

Product Cost: $16.53

Selling Price: $29.99

Gross Profit Margin: 49%

Fitness equipment

Market Demand and Trends: Google Trends, shows that the demand surged during the pandemic. It then gradually returned to a stable level. Demand has decreased. But, interest in searches has not fallen to pre-pandemic lows. This shows that there is still a market for fitness equipment. People are more concerned about their health and place a high value on fitness.

Target Audience: The target audience is very broad, including home fitness enthusiasts. Many people developed the habit of working out at home during the pandemic. At the beginning of the new year, many people make resolutions. They also start buying new fitness equipment. Some families would buy fitness equipment for children to cultivate their exercise habits.

4. Massage gun

Massage guns are handheld devices. They are designed to deliver percussive therapy. They offer relief from muscle soreness, tension, and pain with rapid pulses.

Pros

• High Demand: Massage guns are almost essential for sports enthusiasts and fitness buffs.
• Ease of Promotion: Product sales can be quickly increased through influencers and social media advertising.

Cons

• Packaging Requirements: To prevent damage during shipping, packaging needs to be carefully designed.
• Battery Shipping Restrictions: There are limitations on shipping products with batteries.

Product Cost: $46.52

Selling Price: $89.99

Gross Profit Margin: 48%

5. Yoga mats

Yoga mats are vital for yoga. They provide cushioning and non-slip features. These ensure comfort and safety during practice. They come in various materials and sizes to suit different user needs.

Pros

• Diverse Range: Different materials and thicknesses suited for different users.
• High Durability: Users do not need to replace them frequently and they are easy to clean.

Cons：

• High Homogeneity: Many yoga mats lack diversity in functionality and design, leading to price wars.

Product Cost：$24.87

Selling Price：$69.98

Gross Profit Margin: 64%

6. Resistance bands

Resistance bands are a common fitness tool. They are widely used for strength training, rehabilitation exercises, and flexibility training. They offer varying levels of resistance to suit different fitness needs.

Pros

• Affordable Price: Cost-effective fitness equipment for consumers.
• Easy to Transport: Lightweight and small, and not prone to damage during shipping.

Cons：

• Quality Variance: A Low production threshold means the market may be flooded with low-quality products.

Product Cost: $8.16

Selling Price: $19.99

Gross Profit Margin: 59%

Baby products

Market Demand and Trends: Based on the chart, search interest in baby products has been stable. It has stayed the same despite some fluctuations over the past five years. This shows a steady market demand for baby products. The demand is growing with the increase in newborns.

Target Audience: New parents need to buy many baby products. They worry a lot about the quality and safety of these products. Families with many children will need baby products for a long time. They tend to stay loyal to a trusted brand.

7. Baby Cloth

Baby clothes are special garments for infants. They focus on comfort and safety. They are usually made from high-quality materials.

Pros

• High Variety: Numerous styles and designs cater to different aesthetic preferences.
• High Loyalty: Consumers tend to remain loyal to brands that have provided a positive shopping experience.

Cons

• Safety: Consumers have high safety standards for baby clothes, requiring strict adherence to production safety standards.

Product Cost: $12.68

Selling Price: $30.85

Gross Profit Margin: 51%

8. Baby care kit

A Baby care kit is a product that includes various baby care items, like nail clippers, combs, and brushes. They give new parents a one-stop solution for daily baby care.

Pros

• High Cost-Effectiveness: Usually sold as a set, including multiple care tools.
• Strong Demand: Essential for every household, especially those with newborns.

Cons

• Safety: Quality variance is significant; inferior products or poor craftsmanship may affect infant health and safety.

Product Cost: $6.05

Selling Price: $12.99

Gross Profit Margin: 53%

Phone Accessories

Market Demand and Trends: According to Google Trends, the demand for phone accessories has spiked. This has happened over the past five years. Overall, demand is stable. But, it has peaks at times like new product launches and events.

Target Audience: Mobile phones have become indispensable to everyone’s daily life. So, related phone accessories have also become essential. Everyone needs them, so competition in this industry is intense. Consumers are increasingly demanding personalized phone accessories. After all, who wouldn’t be tempted to have a phone case with a photo of their own dog?

9. Wireless charger

Wireless chargers have a minimalist design and are easy to use. They have become common in modern homes and offices.

Pros

• Portable: Wireless chargers are lightweight and make charging more convenient. Their small footprint also makes them easy to store.
• High Demand: They are increasingly becoming everyday essentials for consumers.

Cons

• Intense Market Competition: There are many brands, and product homogenization is severe.

Product Cost: $44.46

Selling Price: $60.99

Gross Profit Margin: 27%

10. Cell phone stand

 With smartphones getting bigger, a cell phone stand can free your hands while watching videos. More and more people are looking to buy cell phone stands for this convenience.

Pros

• Affordable: The production cost of cell phone stands is relatively low, especially for basic models.
• Easy to Ship: Lightweight and compact.

Cons

• High Competition and Price Wars: The market is highly competitive, leading to frequent price wars.

Product Cost: $11.51

Selling Price: $18.69

Gross Profit Margin: 38%

11. Wireless Bluetooth

In recent years, Bluetooth earbuds have become more popular. This is due to their convenience and portability, which make them a favorite among consumers.

Pros

• High Variety: There are various designs and functions available in the market.
• Portability: Wireless Bluetooth earbuds are lightweight and easy to carry, fitting easily into pockets for everyday use.

Cons

• Quality Variance: Some low-quality Bluetooth earbuds may have unstable connections, causing a trust issue among consumers.
• Intense Market Competition: The market is highly competitive.

Product Cost: $22.51

Selling Price: $31.96

Gross Profit Margin: 30%

Beauty product

Market Demand and Trends: Search interest for beauty products has stayed the same over the past five years. It has mostly been between 60 and 80. This shows consistent and stable market demand.

Target Audience: Women are the main consumers of beauty products. They range from teenagers to the elderly, with different needs at different ages. More and more men are also beginning to pay attention to personal care and beauty. The men’s beauty market is growing rapidly.

12. Skin cleansing instrument

Skin cleansing instrument is a beauty gadget loved by many female consumers. It has the ability to deeply cleanse the skin and remove dirt, oil, and impurities.

Pros

• Lightweight and Compact: Most skin cleansing instruments are light and small, making them easy to ship.
• High Loyalty: Consumers tend to stick with a product once they find one they like.

Cons

• Market Competition: Good marketing and unique selling points are essential. They help you stand out in this crowded market.
• Safety Concerns: Ensuring the safety and efficacy of the instruments is crucial. Any reports of skin irritation can lead to a loss of consumer trust and potential legal issues.

Product Cost: $15.39

Selling Price: $32.24

Gross Profit Margin: 52 %

13. Hair care essential oil

 Demand for hair care essential oil has increased. It has become an essential hair care product.

Pros

• Wide Demand: Suitable for various groups, including daily care and post-dyeing repair.
• Increasing Market: With the spread of health and natural hair care concepts, the market for hair care essential oil is rapidly growing.

Cons

• High Packaging Requirements: Some containers are glass and need careful packaging to prevent breakage.
• Demand Fluctuations: The demand for hair care essential oil may be affected by seasons, with higher demand during dry winter months.

Product Cost: $9.75

Selling Price: $15.99

Gross Profit Margin: 39%

Fashion accessories

Market Demand and Trends: From Google Trends, fashion accessory searches have fluctuated over the past five years. They peaked at the end of each year and the start of the next. This may be related to holiday promotions like Black Friday and Christmas. Merchants should seize these opportunities to attract consumers.

Target Audience: Young consumers pursue the latest market trends and personalized accessories, like necklaces and earrings. They focus on products that are moderately priced. Professionals tend to choose high-quality, simple, and elegant accessories.

14. Sunglasses

Sunglasses not only protect the eyes but also serve as a fashion element, enhancing overall outfits. They are popular among consumers of all ages and genders.

Pros

• Variety of Styles: Sunglasses come in various styles, colors, and lens types to suit different consumer preferences.
• High Demand: Essential for daily outings and outdoor activities to protect the eyes, they also serve as a fashion accessory.

Cons

• Fragility: Sunglass lenses are prone to damage and require careful packaging.
• Market Recognition: New brands need to build awareness and consumer trust, which can be costly.

Product Cost: $7.43

Selling Price: $11.99

Gross Profit Margin: 38%

15. Jewelry

Jewelry is a decorative accessory that includes bracelets, necklaces, rings, and earrings. It comes in various materials, from gold and silver to gemstones and alloys.

Pros

• Easy to Transport: Small size and lightweight reduce shipping costs and logistics expenses.
• Variety of Styles: Diverse designs cater to different ages, genders, styles, and occasions.

Cons

• High Competition: With numerous brands, constant marketing, and innovation are necessary to stand out.
• Rapid Fashion Changes: New products need to be introduced continually to keep up with market trends.

Product Cost: $13.85

Selling Price: $49.99

Gross Profit Margin: 72%

16. Wristwatches

Wristwatches not only tell time but also serve as fashion accessories to showcase personal taste and style. 

Pros:

• Variety: Wristwatches come in diverse designs and styles, ranging from simple classics to trendy fashion pieces. They can cater to different consumer preferences.
• Strong Demand: Watches, as daily accessories, maintain a stable market both as gifts and for personal use.

Cons:

• Price Variance: Some high-end models can be quite expensive.

Product Cost: $9.77

Selling Price: $21.99

Gross Profit Margin: 56%

Kitchen products

Market Demand and Trends During the pandemic, search interest rose a lot and stayed high after 2021. Demand tends to increase at the end of the year and the beginning of the next, indicating a high market demand.

Target Audience: Family consumers and beginners focus on the practicality and functionality of the products. They prefer durable and high-quality items with good value for money. Cooking enthusiasts like to try new products and technologies and are willing to pay a premium for high-quality products.

17. Portable blender

A portable blender is a small, handy blending device. It is perfect for travel, outdoor activities, or office use, making it easy to prepare juices and other drinks.

Pros

• High Market Demand: Driven by the trend towards a healthy lifestyle, consumers prefer lightweight and convenient products.
• Influencer Endorsements: Many health and lifestyle bloggers and influencers are willing to promote this product.

Cons

• Market Saturation: Over-supply in the market may lead to a decrease in product prices.

Product Cost: $21.22

Selling Price: $36.07

Gross Profit Margin: 41%

18. Stainless steel mixing bowl

A stainless steel mixing bowl is a common kitchen tool known for its durability and easy cleaning. It is widely used in both home and commercial kitchens.

Pros

• High Safety: Consumers prefer non-toxic, safe, and easy-to-carry mixing bowls.
• High Demand: An essential kitchen tool.

Cons

• Price Competition: The market is flooded with similar products, leading to fierce price competition.

Product Cost: $16.14

Selling Price: $24.94

Gross Profit Margin: 35%

Home decor and furnishings

Market Demand and Trends: From the above chart, it can be seen that the demand is relatively stable, with search interest peaking usually at the end of the year. This is related to holiday and New Year home renovations and decor.

Target Audience: Young families prefer stylish and modern designs, and value the functionality and aesthetics of products. They have high requirements for durability and safety, especially in households with children.

19. Art wall shelf

An art wall shelf is a decorative wall-mounted rack, often used to display artwork, decorations, or other small items. It’s popular among young people for its aesthetic appeal.

Pros

• Strong Demand: As a decorative item, art wall shelves are favored by many households and commercial spaces.
• Diverse Range: Available in various types with strong design elements.

Cons

• Limited Functionality: Primarily for decoration, they may not meet practical needs.
• Price: Some products can be expensive, making them unaffordable for some consumers.

Product Cost: $14.77

Selling Price: $24.19

Gross profit margin: 39%

20. Bookshelf

Bookshelves are common furniture in homes and offices, needed by people of all ages.

Pros

• High Demand: As an essential household item, bookshelves are in strong demand and widely noticed.
• Aesthetic Value: Some artistically designed bookshelves can be a focal point in interior decoration.

Cons

• Heavy Weight: Inconvenient to transport

Product Cost: $143.07

Selling Price: $226

Gross Profit Margin: 35%

Outdoor and Camping Gear

Market Demand and Trends: Google Trends, shows that the overall trend stays at a certain level. Search interest has risen a lot in recent months and reached a new peak. This may be related to the post-pandemic revival of outdoor activities and an increasing emphasis on outdoor life. The demand for outdoor and camping gear has clear seasonal ups and downs. It is higher in spring and summer.

Target Audience: Outdoor enthusiasts prefer high-quality and professional gear. They also need a variety of gear and are willing to pay more for quality.

21. Sleeping bags

Sleeping bags are portable sleep gear used for outdoor camping, hiking, or indoor sleeping. They are known for their good insulation and comfort. They are essential equipment for outdoor activities.

Pros

• Market Growth: Interest in outdoor lifestyles is growing. So is travel spending. This has led to strong growth in the sleeping bag market.
• Lightweight Design: Sleeping bags are lightweight, easy to carry, and do not add to the travel burden.

Cons

• Intense Competition: The sleeping bag market is highly competitive. Brands need to continuously innovate and improve product quality to maintain a competitive edge.

Product Cost: $22.87

Selling Price: $39.99

Gross Profit Margin: 43%

22.  Portable stove

A portable stove is a portable cooking device suitable for outdoor activities such as camping and hiking. It allows for easy cooking and heating of food in outdoor environments. The demand for portable stoves can be influenced by seasons and weather conditions.

Pros

• Lightweight Design: Portable stoves are typically lightweight, making them easy to carry and use.
• Strong Demand: People love outdoor activities and are spending more on travel. The market is growing steadily.

Cons

• Brand Reputation: When purchasing, consumers may consider brand reputation. Well-known brands are likely to have better quality and customer service.

Product Cost: $11.57

Selling Price: $42.68

Gross Profit Margin: 73%

Print-on-demand

Market Demand and Trends: In the past five years, demand has greatly increased. This was especially true starting in 2021. This indicates that this niche is gradually expanding, attracting more attention and usage.

Target Audience: Gift buyers, who are looking for unique, personalized gifts. Print-on-demand products are perfect for special occasions like holidays or souvenirs. Also, there are fans of eco-friendly products. They seek Print-on-demand items. These items fulfill their demand for green materials and sustainable production.

23. Custom T-Shirts

With the rise of e-commerce and print-on-demand websites, custom T-shirts have become increasingly popular. People seek unique, personalized apparel that reflects their individual style.

Pros:

• Great for Branding: Custom T-shirts are perfect for businesses, teams, or events. They help promote the brand in a stylish and memorable way.
• Perfect Gifts: A custom T-shirt makes a personalized gift for birthdays, holidays, or special occasions.

Cons:

• Time-Consuming: Creating and finalizing a custom design can take time. It is time-consuming from brainstorming ideas to making sure everything looks perfect.

Product Cost: $16.08

Selling Price: $27.95

Gross profit margin: 42%

24. Personalized mug cup

The gifting market has embraced personalized mug cups. Consumers want custom, meaningful gifts that can be easily ordered online.

Pros

• Various design options: Name, favorite quote, or a special photo can be printed on the mug cup.
• High Demand: Mugs are practical items that everyone uses. A personalized mug is not only a thoughtful gift but also something that will get daily use.

Cons

• Fragility: Mugs can break if not handled carefully. While this is true for all mugs, it’s especially disappointing if a special personalized mug gets damaged.

Product Cost: $10.81

Selling Price: $19.28

Gross profit margin: 44%

What are the challenges to dropship high-profit products?

Fierce competition: The competition is fierce. Everyone is eager to sell high-profit products and some niche is nearly saturated.

Higher Initial Investment: Some high-profit products require a larger initial investment. This investment is for inventory or marketing.

Higher customer demand: While consumers willingly pay, they have higher requirements for product quality, good service, and a great experience. If you sell low-quality items, you will likely be facing tons of customer returns, negative reviews, and complaints. All this can tarnish your e-commerce brand image and erode consumer trust.

Seasonal demand: Some high-profit products are seasonal or cyclical. For example, demand for sunglasses peaks in the summer. Each year, popular clothing and jewelry trends vary. So, you should choose products based on the current trends.

How to find good high-profit margin products?

Finding high-profit margin products in a myriad of items can seem very difficult. Next, I will show you how to find good high-profit margin products.

First, I’ll Find some products at TikTok Creative Center.

For example, when I was browsing through the top ads in TikTok Creative Center, I noticed that hair wavers are very popular.

Then I will check the traffic of hair wavers at Google Trends.

Judging by Google trends, the interest in hair wavers has been climbing since 2004. This product seems like a good choice.

Next, Confirm the sales price at Amazon or Etsy, which shows the retail price of $21.98.

I would then use the Sup Dropshipping Chrome extension to find a better price.

Using the image searching function, I found an even better price, meaning I could get a decent profit.

Now, I can import products and list them directly to my store.

FAQ

What makes a good high-profit margin product?

A good high-profit margin product is one that’s cheap to make but can be sold for a lot more money. It should be something people really want, with not too many other options out there. The product needs to stand out because of its quality, brand, or uniqueness. Plus, it should be easy to produce and sell in larger quantities without the costs going up too much.

Is it beneficial to have all my products with high-profit margins?

While having all high-profit margin products sounds great, it’s not always the best strategy. Items with high profit margins are valuable. However, having a mix of products with different margins can attract more customers. Cheaper products can drive high sales and bring in new customers. They might then buy your more profitable items. Selling a more diverse range of products balances risk. It makes your business more resilient and appealing to more people.

Conclusion

In conclusion, the e-commerce industry continues to grow. In 2024, dropshippers have access to many high-profit products. Sup dropshipping is ready to empower you. It will maximize your profits and streamline your operations. Now contact us and find dropshipping products with a high profit margin!