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Top 25 Dropshipping Products With High Profit Margin In 2024

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by
Martin -
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Co-founder at Dropshipping.com
Martin is an agency owner and SaaS projects maker. His work is featured in the leading ecommerce brands, magazines and podcasts. Talks about Marketing, Business Development, and Growth Hacking!
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Co-founder at Dropshipping.com
15 minutes

Are you ready to discover the top dropshipping products with high profit margin for 2024?

Imagine uncovering the secret to boosting your profits by 50% or more with just the right product choices. What if you could tap into a goldmine of high-demand, low-competition items that practically sell themselves?

In this article, you’ll find a carefully curated list of 25 products that promise just that. Ready to take your dropshipping game to the next level? Let’s dive in!

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What Is A High Profit Margin In Dropshipping?

If you are a dropshipper looking for high profit margin means you’re looking at anything above 30%.

In fact, most dropshippers hover around the 20% mark, which is pretty standard. But if you’re really on top of your game, choose the right niche products, market smartly, and keep your operations smooth. So, that’s how you could see margins as high as 30-50%.

For instance, some of the best in the business claim that you can reach up to a 50% profit margin. So, if you’re targeting higher profits, focus on those high-value, less competitive products and keep your marketing sharp!

💡 Tip: Read about Dropshipping Profit Margin: A Step-By-Step Guide For Beginners.

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Top 25 Dropshipping Products With High Profit Margin

Health and Wellness

1. Fitness Trackers

Fitness trackers remain consistently popular due to the increasing focus on health. These devices monitor physical activity, heart rate, sleep patterns, and more.

As a dropshipper, offering a variety of fitness trackers, from basic models to advanced ones with GPS and multi-sport tracking features, can cater to different customer needs.

Typically, supplier prices range from $15 to $30, while retail prices vary between $50 and $100, allowing for potential profit margins of 50% to 70%.

According to Google Trends, interest in fitness trackers has seen a steady increase over the past months, particularly peaking during the holiday season and at the start of the New Year as people commit to fitness resolutions.

👉 Check out the Best Fitness Dropshipping Suppliers, Top Fitness Niche Products & Store Examples.

2.  Yoga Mats

Yoga mats are essential for yoga practitioners, providing comfort and support during exercises. They come in various thicknesses, materials, and designs.

Also, dropshipping allows you to offer eco-friendly, extra-thick, and travel-friendly mats to cater to diverse customer preferences.

Furthermore, the supplier price range for these mats is usually $5 to $10, with retail prices from $20 to $40, resulting in profit margins of 60% to 75%.

Plus, Google Trends data indicates a significant spike in searches for yoga mats during the pandemic, with sustained interest as more people continue home workouts and yoga practice.

3.  Essential Oil Diffusers

Essential oil diffusers are highly sought after for their ability to enhance ambiance and promote relaxation. These come in different styles, including ultrasonic, nebulizing, and heat diffusers.

Also, offering a variety in design and capacity can attract a broader audience. Plus, the demand for oil diffusers is constantly growing.

Generally, supplier prices range from $10 to $20, with retail prices falling between $40 and $60, leading to potential profit margins of 50% to 65%.

4. Resistance Bands

Resistance bands are a versatile and cost-effective fitness tool, available in various resistance levels for strength training, rehabilitation, and flexibility exercises. So, these are some of the top dropshipping products with high profit margin.

Offering sets of bands with different resistance levels can be particularly attractive to customers. Typically, supplier prices range from $2 to $5, while retail prices vary from $10 to $20, providing potential profit margins of 50% to 70%.

Also, based on Google Trends, the demand for these products is always high.

5.  Protein Powders

Protein powders are popular among fitness enthusiasts and those looking to supplement their diet.

So, offering a range of options, like whey, casein, plant-based, and flavored protein powders, can really attract this customer base.

Furthermore, supplier prices usually range from $10 to $20 per kilogram, with retail prices between $30 and $50 per kilogram, resulting in profit margins of 50% to 60%.

Home and Garden

6. Smart Home Devices

Smart home devices, such as smart plugs, security cameras, and voice assistants, are increasingly popular as more people look to automate their homes.    

Thus, dropshipping these devices can be profitable due to their high demand and relatively low supplier costs.

Supplier prices typically range from $10 to $30, while retail prices vary between $40 and $100. These are dropshipping products with high profit margin of 50% to 70%.

👉 Check out 13 Best Home Decor Wholesale Suppliers in the USA.

7.  Garden Tools

Garden tools, including pruners, trowels, and watering cans, are always in demand among gardening enthusiasts.

Therefore, offering durable and ergonomic designs can appeal to both amateur and experienced gardeners.

Generally, supplier prices range from $5 to $15, with retail prices from $20 to $40, resulting in profit margins of 50% to 60%.

Moreover, search interest in garden tools tends to peak during the spring and summer months, as seen in Google Trends, reflecting the seasonal nature of gardening activities.

👉 Check out the Top 10 Outdoor & Tactical Gear Dropshipping Distributors And Suppliers.

8. LED Light Strips

LED light strips are a versatile lighting solution used for decoration and functional lighting in homes.

They come in various lengths, colors, and features, such as remote control and app integration, making them an attractive product for dropshipping.

Also, supplier prices typically range from $5 to $10, while retail prices vary between $20 and $40, providing potential profit margins of 50% to 60%.

9. Air Purifiers

Air purifiers are essential for improving indoor air quality, a concern that has grown recently. They come in various sizes and filtration technologies, including HEPA and activated carbon filters.

So, offering compact and portable models can attract a wider customer base.  Plus, the demand is growing rapidly, but mostly during summer.

Furthermore, supplier prices usually range from $20 to $50, with retail prices between $70 and $150, resulting in profit margins of 40% to 60%.

10. Solar Garden Lights

Solar garden lights are a popular eco-friendly lighting solution for outdoor spaces. They come in various styles, such as path lights, spotlights, and decorative lanterns.

Hence, dropshipping these lights can be lucrative due to their rising popularity, mostly during spring and summer.

Typically, supplier prices range from $5 to $15, while retail prices vary from $20 to $50, allowing for potential profit margins of 50% to 60%.

Fashion and Accessories

11. Smartwatches

Smartwatches have become a must-have accessory, offering features like notifications, fitness tracking, and custom watch faces.

As a dropshipper, you can offer various models, from budget-friendly options to high-end ones with advanced features.

 Supplier prices typically range from $15 to $50, while retail prices vary between $50 and $150. So, these dropshipping products with high profit margin of 50% to 70% are really a great deal.

Moreover, the demand for these highest profit margin products is constantly growing.

12. Sunglasses

Sunglasses are a timeless fashion accessory with year-round demand. So, offering a range of styles, including polarized, UV protection, and designer-inspired models, can attract a wide customer base.

Generally, supplier prices range from $2 to $10, with retail prices from $20 to $50, resulting in profit margins of 50% to 60%.

Plus, as you can see, there’s always demand for sunglasses, but mostly during spring and summer.

👉 Check out the Top 10 Dropshipping Sunglasses Suppliers.

13. Watches

Watches remain a staple accessory for both men and women. So, dropshipping watches allow you to offer various types, such as digital, analog, luxury, and sports watches, catering to different tastes and budgets.

For example, luxury watches demand is constantly growing.

So, supplier prices usually range from $10 to $30, or for more luxurious watches it can be around $200-600.

Also, the retail prices between $40 and $100 or for more luxury watches can be up to $500-2000, resulting in profit margins of 50% to 60%.

14. Fashion Jewelry

Fashion jewelry, including necklaces, earrings, and bracelets, is always in demand. Thus, you have a lot to offer like trendy designs, including minimalist, boho, and statement pieces, which can appeal to a broad audience.

Supplier prices typically range from $1 to $5, while retail prices vary between $10 and $30, providing potential profit margins of 60% to 70%.

Moreover, jewelry demand is always high. Of course, there are seasons like International Women’s Day, Valentine’s Day, etc., when demand grows rapidly. But, as Google Trends presents, it is always high!

15. Handbags

Handbags are essential accessories in high demand. So, if you are looking for dropshipping products with a high profit margin, these are the perfect choices!

You can offer various styles, such as totes, crossbody bags, and clutches, made from different materials like leather, canvas, and synthetic, which can attract a diverse customer base.

Hence, supplier prices range from $10 to $30, with retail prices from $40 to $100, resulting in profit margins of 50% to 60%.

Pet Products

16. Pet Beds

Pet beds are essential for pet owners looking to provide comfort for their pets. They come in various sizes, materials, and designs.

Hence, you can offer orthopedic, heated, and waterproof beds that will cater to different pet needs.

Supplier prices usually range from $10 to $20, with retail prices between $40 and $80, providing potential profit margins of 50% to 60%.

Also, the demand for these products is constantly growing.

17. Pet Clothing

Pet clothing, including sweaters, raincoats, and costumes, is increasingly popular.

For example, you can offer seasonal and themed clothing which attracts pet owners looking to dress up their pets for various occasions.

Also, supplier prices typically range from $2 to $10, while retail prices vary between $15 and $30. So, dropshipping products with a high profit margin of 50% to 60%.

Moreover, demand for pet clothing spikes around the holiday season and special occasions like Halloween, as indicated by Google Trends, reflecting their popularity for pet owners looking to dress up their pets.

18. Automatic Pet Feeders

Automatic pet feeders provide convenience for pet owners by automating feeding schedules. These feeders come with various features like portion control, timers, and app control, making them attractive dropshipping products with high-profit margins.

Generally, supplier prices range from $20 to $40, with retail prices from $60 to $100, providing potential profit margins of 40% to 50%.

Moreover, based on Google Trends results, the demand for these products is always high.

19. Pet Toys

Pet toys, such as chew toys, interactive toys, and plush toys, are essential for pet owners to keep their pets entertained and healthy.

However, you can consider offering a variety of toys for different pets, including dogs, cats, and small animals, which can broaden your customer base. Plus, the demand for pet toys is constantly growing.

Supplier prices typically range from $1 to $5, while retail prices vary between $10 and $20, resulting in profit margins of 50% to 60%.

20. Pet Grooming Tools

Pet grooming tools, including brushes, nail clippers, and grooming gloves, are in constant demand. So, dropshipping a range of grooming tools can cater to pet owners looking to maintain their pets’ hygiene and appearance.

For example, based on Google Trends, grooming brushes are always in demand.

Hence, supplier prices usually range from $5 to $10, with retail prices between $20 and $40, providing potential profit margins of 50% to 60%.

5. Beauty and Personal Care

21. Skincare Devices

Skincare devices, such as facial cleansing brushes, LED light therapy masks, and microdermabrasion tools, are popular for at-home beauty treatments.

Thus, I advise you to offer a variety of devices with different functionalities so you can appeal to beauty enthusiasts.

Plus, interest in skincare devices has seen a significant rise over the past few years, with Google Trends showing peaks during holiday seasons and the start of the year when people often invest in self-care.

Also, supplier prices typically range from $10 to $30, while retail prices vary between $50 and $100. Therefore,  these are dropshipping products with high profit margin of 50% to 60%.

💡 Tip: Beauty Products To Sell Online: Top 15 Beauty Products For Dropshipping

22. Hair Extensions

Hair extensions are a highly sought-after beauty product, offering instant length and volume.

They come in various types, including clip-in, tape-in, and sew-in extensions, and materials like synthetic and human hair. So, you have a lot to offer!

Not only that, but the demand for these products is going crazy. No signs of stopping at all!

Supplier prices usually range from $20 to $50, with retail prices between $70 and $150, resulting in profit margins of 50% to 60%.

23. Electric Hair Removal Devices

Electric hair removal devices, such as epilators, laser hair removal tools, and IPL devices, offer convenient at-home hair removal solutions.

These devices are popular due to their effectiveness and ease of use. Plus, their demand is growing rapidly.

Generally, supplier prices range from $20 to $50, with retail prices from $70 to $150, providing potential profit margins of 50% to 80%.

24. Makeup Brushes

Makeup brushes are essential for makeup application, available in sets or individually.

For example, you can consider offering high-quality brushes made from synthetic or natural fibers in various shapes and sizes to attract makeup enthusiasts.

Moreover, supplier prices typically range from $5 to $10, while retail prices vary between $20 and $40, providing potential profit margins of 50% to 60%.

Also, Google Trends data indicates a steady interest in makeup brushes, with spikes around major shopping events like Black Friday and holiday seasons, reflecting their popularity as essential beauty tools.

25. False Eyelashes

False eyelashes are a popular beauty product for enhancing eye appearance. They come in various styles, including natural, dramatic, and magnetic lashes.

Moreover, I suggest you also offer different lengths and volumes to cater to various preferences.

Also, supplier prices usually range from $1 to $3, with retail prices between $10 and $20, resulting in profit margins of 50% to 60%.

Furthermore, Google Trends data shows that there’s a high demand for false eyelashes.

How To Calculate Dropshipping Profit margins?

There is a simple profit margin formula you can use. Here’s how to calculate your dropshipping profit margin:

Profit Margin Formula:

(Sales Price−Costs)​ / Sales Price ×100=Profit Margin

Let’s break it down with an example:

Imagine you run a dropshipping business selling beauty products. Last year, you made $500,000 in sales.

First, subtract all your expenses and costs, including the cost of products, shipping, marketing, fees, etc., from your sales price. Let’s say your total costs are $350,000. This leaves you with a net profit of $150,000.

To calculate your dropshipping profit margin, divide your net profits by your sales price and multiply by 100.

Here’s how it looks:

($500,000−$350,000​) / $500,000×100=30%

Steps to Calculate:

  1. Subtract costs from sales price:

$500,000−$350,000=$150,000

  1. Divide net profits by sales price:

$150,000/$500,000=0.3

  1. Express it as a percentage:

0.3×100=30%

So, your profit margin is 30%.

Remember, it’s important to calculate the profit margin for each product you sell. The process remains the same every time.

Here’s a quick recap:

  • Sales Price: $500,000
  • Costs: $350,000
  • Net Profits: $150,000
  • Profit Margin: 30%

How To Boost Your Dropshipping Profit Margins?

Next, I will show you my personal technique for boosting profit margins to your dropshipping products.

In fact, I’ve tried a couple of strategies over the years, but I found these ones most effective.

Choose High-Margin Products

Focus on products that offer higher profit margins. Look for low cost products with high profit margin.

For example, instead of selling basic phone cases, consider niche products like eco-friendly or customizable phone cases.

👉 Check out the 8 Most Profitable Niches With Low Competition For Dropshipping.

Negotiate with Suppliers

Think of your suppliers as your business partners. Building a strong relationship with them can lead to better deals.

Don’t be afraid to negotiate prices, especially if you’re buying in bulk. A small discount on each item can add up to significant savings over time.

It’s like getting a little extra lemonade in every cup you sell!

For example, I am personally looking for reliable dropshipping suppliers from the Dropshipping.com supplier directory.

Here I can narrow down my search based on product category, shipping costs, location, and more.

Also, I get valuable information about the suppliers even before contacting them. Thus, I have access to their product cost range, MOQ requirements, location, average order processing time, and more.

Optimize Your Pricing Strategy

Your pricing strategy is the engine that drives your profits. Use dynamic pricing to adjust your prices based on demand, competition, and market trends.

For instance, you can use product research tools like Minea and keep an eye on price fluctuations.

Remember, even a slight increase in your prices can significantly boost your profit margins without scaring away customers.

Improve Your Marketing Efforts

Marketing is the fuel that powers your dropshipping machine. Invest in targeted advertising to reach the right audience.

So, use social media platforms like Facebook, Instagram, and TikTok to showcase your products. Run promotions and offer discounts to attract more customers.

For instance, a well-timed holiday sale can drive a surge in sales and increase your overall profit.

Reduce Operational Costs

Imagine your dropshipping business as a sleek sports car. The less weight it carries, the faster it goes. Reducing operational costs is like shedding unnecessary weight.

Therefore, I suggest you to look for ways to cut costs without compromising quality.

This could mean automating processes, outsourcing tasks, or finding cheaper shipping options. Every penny saved is a penny earned!

Enhance Customer Experience

Happy customers are like a turbo boost for your business. Providing excellent customer service can lead to repeat purchases and word-of-mouth referrals.

So, consider to offer fast shipping, easy returns, and responsive support. Hence, a satisfied customer is more likely to pay a premium for a seamless shopping experience.

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Conclusion

Finding the right dropshipping products with high profit margin is crucial for maximizing your profits and sustaining a successful business in 2024.

This article has highlighted top products across various niches, each offering substantial profit margins.

My advice to you is to focus on high-value, less competitive items, and continually optimize your pricing and marketing strategies.

Remember, choosing products that align with current market trends and consumer demands can make all the difference.

Before you start, thoroughly research your suppliers, understand the costs involved, and always aim to enhance the customer experience. With these insights, you’re well on your way to achieving impressive profit margins in your dropshipping venture.

About the Author

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Martin Stoimenov
Martin is an agency owner and SaaS projects maker. His work is featured in the leading ecommerce brands, magazines and podcasts. Talks about Marketing, Business Development, and Growth Hacking!
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