This guide will answer the most important question regarding dropshipping and any other online business form: high profit margin products.
Dropshipping and online businesses have seen rapid digital transformation. This has made it more difficult to find high-profit products.
This article will help you choose and sell products that will increase your e-commerce sales if you follow the guidelines. Keep reading to ensure you don’t miss anything.
Let’s get started.
The Basics of High Profit Margin Products
You must set a price point that is high enough to make a profit, even if you sell fewer SKUs. This will ensure you are able to create the most profitable online products. Dropshipping can make it difficult to calculate a profit margin.
Dropshippers who are smart and know how to launch products with high profit margins at the right time can get a greater share of the pie. They know that the competition will soon be online as soon as the product goes live.
Shopify’s profit margin calculator helps you determine the retail price. Simply enter the product cost and profit percentage. It will calculate the price for that product and display it.
Before we get into the details of the best high-profit margin products for selling online, it is important to understand the factors that you should consider when selecting high-margin products.
How to Choose the Best Products to Sell Online
It is important to know if the product you plan on selling will be in demand. How can you know this?
Below are some criteria to help you determine if your product will perform.
Although there’s no guarantee that a product will meet the criteria, it is very likely to achieve desired results if you follow these guidelines.
- Problem Solving
Problem solvers are the best products to sell online at high margin. A product that solves a serious health problem is most likely to be purchased by someone who has seen an advertisement.
Search engines and other platforms like Facebook can help you with this. They help people with the same problem by showing them your problem-solving products. How does this happen? Let’s see.
It is very likely that you will search Google for the remedies to your backache and then find similar posts on Facebook. Google, Facebook, and others store you as a prospect to purchase a product that relieves backaches.
This is why you’ll start to see ads for products and solutions that address backache problems.
- Engage with Social Media
Consider the product’s potential for virality on social media. Dropshipping has been a popular way to sell products in many parts of the world.
Do you recall the madness that surrounded fidget spinners years ago? This is one example that shaken social media.
- Recommendations for repeat customers
Some products are able to attract repeat customers over time. Clothing is an example of a product that customers will need to replace or change after a period.
This is why dropshipping’s POD (Print on Demand), niche is so profitable. This is because even though a customer doesn’t need to replace the shirt, they will likely buy another one if it is attractive.
Dropshipping is most successful when products are unique in their entirety. A normal hair straightener is not enough to make a girl a hair maniac. She might already have one at home.
What if a hair straightener could also be a hair curler? This unique feature will make it easy for beauty-conscious women to visit the landing page and leave their Facebook walls. Your product is sure to rock when you combine it with a hairstyler.
It is important to find a product that isn’t readily available on the market before you sell it online. Impulse buying is a great way to sell high-margin products online.
It is important to entice the audience enough to make them purchase the product immediately without doing any research. Dropshipping is a time-consuming business model.
The product will not be available in physical stores until then, and profit margins will shrink. Online demand will also drop.
When choosing the best product to sell online, another important factor to consider is the type and location of the store where the product will be sold.
Although there is much debate about whether to open a general store first or a niche store first, the majority of people agree that a single product store will generate higher profit margins.
This is because a single store sells more products and customers will consider your store the only place to purchase that product.
One drawback to launching products with the highest margins through a general shop is that some of your customers may already be familiar with other products in your general store.
They may question your credibility if they discover that you overpriced a product they previously purchased at a lower price.
Certain high-margin products show a particular trend. The trend will rise if the product is new and established in the market.
There are many ways to check the trend for a product. Below are some of the options.
The best margin products are best for specific seasons. These products are very popular and have a low chance of selling outside of the season.
For instance, t-shirts featuring Donald Trump memes were very popular during the US election. Dropshippers were required to sell products during that time period.
You shouldn’t also sell unique Halloween costumes during a season that is over or has just a few months.
Competition and Saturation
Let’s not forget fidget spinners again. These items are only profitable and relevant for a limited time. You will not receive the same response if you sell fidget spinners right now.
This is known as product saturation. The product is in high demand because almost all of the people who are interested have purchased it already.
Dropshipping is a fierce business. This happens when a dropshipper finds a winning product. This is because dropshippers continue to spy on each other’s ads.
If you feel the competition is too strong for a product, consider taking your fair share and trying newer products.
Dropshipping High Profit Margin Products
We have now covered the key factors that make dropshipping profitable. Now you can understand the top ten most profitable products to sell online.
Let’s now look at the list of these lucrative products that you can sell.
1. Health & Wellness Products
The lucrative niche of health & wellness is also one of the most competitive. This is because people will spend money on products that could improve or maintain their health.
These are the top three products with low competition and highest margins.
1) Visual Ear Sticks
Everyone has earbuds and cleaning them is a routine task. Have you ever wondered what is happening in your ear?
These incredible Visual Ear Sticks feature a mini camera that allows you to view the visuals right from your ear. Awesome, right?
The product will cost you approximately $28 plus shipping costs. This product could be a great way to quickly make money online if you reach the right audience through social media.
You can make up to three times as much from this type of gadget. You can make as much as $40 to $60 per sale if you market the product quickly and effectively.
Advertise for this product using these interests:
- Well-being and health
- Self care
- Ear care
2) Acupuncture Socks
Dropshippers or those who have been following dropshipping products for a while will be familiar with products such as acupressure massage gun and acupuncture pen.
This product is more affordable, simpler, and innovative than the others. It is a pair socks that has an acupuncture map. This map shows you the areas that can be massaged to have specific effects on your body.
Everyone needs socks. This cool product can be targeted at massage-loving people who like foot pain and acupuncture.
They’d be tempted to get these socks for their next physical therapy.
It costs less than $5, and you can sell it at a price of $24.99 or more to make a profit of about $20 per sale. That’s quite lucrative!
These interests can be used to target the audience via Facebook.
- Foot Massage
3) Home Gym Band
This product is perfect for those who are passionate about their health and fitness. This Home Gym Band is a great choice for fitness lovers, bodybuilders, and those who are obsessed with their health.
This item is considered a high-end product because it starts at $30, including shipping costs. However, higher-end items have greater margins.
Although the profit margin is not great in terms multipliers, you can immediately set the price for this product at approximately $49.99 or $59.99 per item to make a good margin for your online shop.
Some products can only be included in one category or niche. This product can be included in both the travel and stay-at-home niches.
These interests could be useful in running advertisements for this product.
2. Universal Products
Because of their universality, some products can be used by almost everyone. These products are universal and require a large target audience with no particular interest.
How can you target such people? In such cases, you can target the audience using behaviors rather than interests.
Pro Tip: After filtering out factors such as age and region, you can reduce the size of your target audience using “engaged shoppers”.
Here is a list of low-cost, high-demand products you might consider selling.
1) 2-in-1 Shopping Bag
Everybody goes shopping to purchase groceries and other products. People need a way to transport their goods from one place to the next.
Plastic bags are banned in most countries. This means that there is an urgent need for eco-friendly bags you can carry your stuff. Imagine a bag that can be extended and dragged with tires. This bag is an absolute problem solver!
It costs approximately $12 per item, plus shipping costs. It can be sold for $29.99, making around $18 per item.
You can sell this item online to thousands of people if its usage is higher than you expected.
These interests can be used to create ads on Facebook for the product you are interested in.
- Shopping Cart
- Shopping bag
2) Comfy Chair Cushions
Mixing up chair and cushion experience is a great idea. These cute cushions are perfect for anyone who is stuck at home and will be accepted by the online world.
This product costs around $23 plus shipping. You can easily sell it for between $50 and $60.
This product has a lot of potential because most chairs in homes aren’t very comfortable. The product will make their sitting experience more comfortable and will add beauty to their chairs.
Pro Tip: Targeting people with backache issues can be an additional niche-specific audience for your product.
This product is ideal for travel, home, or office. Advertise for this product by searching and testing similar interests.
3) Pop-up Stationery Holder
This is another adorable addition to your messy home or office. This product holds stationery in an adorable way. Although it looks simple, this product solves many problems associated with office work and working from home.
This is a great choice for those who often lose their things in the office or study. This stationery holder can also be moved.
You can also highlight to your customers the possibility of moving this holder from their house to school, college or office.
This product is $8 plus shipping. You can price it at $29.99. For a start, a profit margin of $21 per product would be acceptable.
Dropshippers can even sell this product for $34.99. Targeting your customers can be as easy as targeting these interests.
- Office supplies
- Home Decor
3. Hobbyist Products
Hobbies are highly passion-driven niches, and products in these categories often earn high profits margins. If you have the right products, you can make your online business rock.
1) Electronic Blackhead Remover
Most women love skincare. You can sell the Electronic Blackhead Remover for high profit margins in your skincare hobby.
Yes! Yes! This product is going to be a huge hit with women. Lockdowns mean that beauty salons and spas will be closed for this product, so women can apply the products to their skin on their own.
This is an example of the type of product you can sell cheaply and buy high. You can sell this product for as low as $10-15 and easily make it into a $45. Dropshipping stores should have a profit margin of at least 3x. This will allow you to make good money.
Pro Tip: These products are also more likely to become viral on platforms such as Instagram and TikTok. To get a bigger and earlier share of the pie, you must make use of these platforms quickly.
The following interests can be used to target beauty and skin-conscious individuals on social media.
- Facial care
- Skin care
- Beautiful skin
Tactical Waterproof Pants
Although tactical pants were once centered around dropshipping ads, this one has the potential to last a long time.
This item can help you make a great profit for your business with its multi-pocket design, durability, and waterproof quality.
This outstanding product is priced between $28 and $32. This trouser is versatile enough to sell for well over $70. You can even find sellers selling these items on the internet for as low as $99.
Because of its universality, every man would love one.
Although you could target a large audience with this product, at least you can include these interests.
3) DIY Cake Decorations
This product is amazing and will appeal to a wide audience, especially those who love baking cakes. There have been many similar products on the market before, but this one is better and more unique with several design options.
With multiple designs, the cost of the product is around $2.5 to $3.5. This item can be easily sold for $19.99 and shipped free of charge.
It isn’t bad to make a profit of between $16 and $18 per product. You can also include these interests in your social media marketing of this product:
- Birthday Cakes
- Decoration for cakes
4. Baby Products
Baby products are a huge category. These products are constantly evolving and you need to keep up with the latest developments to make a profit.
The following 3 top products are available in the baby niche and you can sell them right away.
1) Whale Bath Sprinkler Toy
Every baby should take a bath. Adding a fun element to the process will make it easier for moms. This product can be used as a practical version to baby’s favorite rhyme, “baby shark”.
It has fun and attractive features such as sprinkling water and showing different colors. This toy will be a hit with babies while they bathe.
Depending on the variants, this product costs between $7 and $18. This product can be easily marketed at a cost that is 2.5 times greater than the actual product. This will allow you to make a decent profit of $15-25 per product.
Targeting the audience can be done with the following behaviors and interests
- Baby bath
- Baby toys
2) Use the Copybook
Parents want their children to be able to read and write efficiently. This is why we included this product in our list for cheap products that can be sold with high profit margins.
This magical book makes writing fun for children. The copybook can be re-used and erased.
Shipping costs are included in the price of $8 to $14 for this product. This learning copybook can be easily sold for between $24.99 and $34.99.
This product could be a big winner, as educating children can always be one of the best business ideas that adds value to society.
These interests can be used to test the product on Facebook.
- Early Childhood Education
3) Air Filled Bubble Balloons
These are a great gift for kids and parents will love to get them. This is a type of balloon that’s filled with water and air. Kids can jump, play and have lots of fun with them.
A viral sensation can be created by sharing a video of the product on social media, especially among moms who start to tag one another and share this simple toy across multiple platforms.
This product is priced at a very low price in AliExpress, starting from $2 to $13 and includes free shipping. You can make a 4x profit margin.
Dropshippers who are early can make up to 5x profit on this product, until there is fierce competition.
It is easy to determine the keywords and interest for this product. These keywords could include:
- Children’s Games
- Toys for Kids
5. Pet Products
The pet niche is a growing niche. Pet lovers are very emotionally attached to their pets so you need to use this logic to market your products.
These are the top-profitable products you can sell right away.
1) Plush Pet Beds
Pets need to rest and sleep. What about a comfortable, cool, plush, and cozy bed for your pet?
Dropshippers are well aware that pet clothing and houses saw a surge in popularity a few years ago. This is why we included the new Plush Pet Bed into our high-margin eCommerce product list.
This product can be promoted from an emotional angle in order to attract pet owners.
This product costs around $11 and can go up to $45 depending on the size. These pet beds can be purchased at a cost that is between 2.5 and 3 times your profit margin.
Consider these social media platforms when you are looking for potential customers.
- Facebook and Instagram
2) Automatic Pet Fountain
It is impossible to have a pet without worrying about feeding it. The pet owner can give their pet a water fountain so it can get water whenever it needs it.
This electronic USB-powered water fountain helps pets and cats to enjoy water in a fun and exciting way. This product is a great investment as it has a large profit margin.
This item can be sold for as little as $20 or as high as $49.99. This product can make you a minimum of 2.5 times your profit. This means that you can make around $30 per product from a single sale.
To create viral posts that link to your store, you need to use platforms such as Pinterest and TikTok.
Use social media to reach pet owners by focusing on their basic interests.
- Dog Accessories
Pet Car Seat Cover
Pet owners rarely travel with their pets. Pet owners love their cars, and may not want their pets to get in the way.
To solve their problem, this product is on the list. Pet lovers will love this Pet Seat Cover. They can take their pet along to any location without fear.
This seat cover not only cleans your car, but also allows pets to travel in safety. If you highlight this in your ad copy, it can double your sales.
This product is a bit trendy and can cost around $30-40 plus shipping costs. To make sure you are on the safe side, you can easily make a profit between $15-20.
These are the interests you should use to target your audience when creating this product.
- Pet Travel
- Pet Safety
- Dog Accessories
You must have enjoyed looking at the above list of products. These items are well-researched and could be your next great product.
Try all of them or just a few and let us know which one worked best for you.
Let’s look at the most common questions about this topic at the end of this article.
We tried to provide a list of high-profit margin products that can be dropship. These items offer huge profit potentials, and you can use them as wholesale items to easily sell from your home.
Dropshipping is becoming more competitive every day. These products have a profit margin above $15-20 per product. This makes them ideal for starting an internet business.
Let us know if the products were enjoyable and what products you would like to see in your dropshipping shop. We are happy to answer any questions you may have. We’ll get back to you as soon as possible.
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