Do you wanna know how to choose a niche for your dropshipping business? This is a very important step, because your niche will determine your success. But note that dropshipping, like anything else, needs to be done right if you want to make money fast.

For example, you need to find good suppliers who can ship your products to your customers without any problems. This can be hard, especially if you sell big or fragile items, like sofas or chandeliers. What if your suppliers are not reliable and they mess up your orders? Your customers will be unhappy and your business will suffer.

Now, let’s talk about how to find a niche with a high profit marge. You want to find a niche that has a lot of money in it, don’t you? In this article, we’ll show you some of the most lucrative product niches. Are you ready to discover the best niches for dropshipping in 2024? Let’s go!

Some niches with the highest profit margins

First of all, let’s find out what even is a profit margin, ok? High profit margin products are products that make a lot of money for the seller, compared to how much they cost to make or buy. For example, if you sell a t-shirt for $12, but it only costs you $2 to make it, then you have a high profit margin product. You keep $10 as profit for every t-shirt you sell. The profit margin is the percentage of the sales price that is profit. The higher the profit margin, the more profitable the product is. Now that that’s clear, let’s look at some types of products that typically have high profit margins.

Furniture

Everyone loves good, high quality furniture, which makes this niche a great place for high profit margin products.

Office boss chair

Product cost: $6737

Potential price at your store: $8000

Profit margin: $1263

What boss doesn’t want to stand out with a nice piece of prestige furniture in his office? This leather office boss chair is a high-quality and comfortable seat that can enhance your productivity and well-being at work. It is made of genuine leather that is soft, durable, and easy to clean. It has an ergonomic design that supports your posture and reduces stress and fatigue. And it has various features that allow you to adjust the height, tilt, and swivel of the chair to suit your preferences and needs. It is stylish and professional, adding a touch of elegance and sophistication to your office space.

Oak bookshelf

Product cost: $15

Potential price at your store: $30

Profit margin: $15

This ultimate high capacity multimedia cabinet is perfect for all of your media storage needs. Fully adjustable shelving allows you to customize to create any storage configuration and a wide base provides stability for your collection.

TV stand

Product cost: $862

Potential price at your store: $1000

Profit margin: $138

A TV stand cabinet is a piece of furniture that holds your TV, gaming console and other media devices. It can also provide storage space for your DVDs, books, games, and other accessories. This stand can enhance the look and feel of your living room or bedroom.

Velvet sofa chair

Product cost: $544

Potential price at your store: $700

Profit margin: $166

This simple U-shaped sofa chair is a cozy and elegant seat that can fit in any corner of your living room. It is made of soft and smooth fabric that feels nice to touch and sit on. It has a U-shaped design that hugs your body and supports your back and arms. And the cushioned seat and backrest that provide comfort and relaxation.

Dining furniture set

Product cost: $1330

Potential price at your store: $2000

Profit margin: $670

A 4 piece aluminum patio dining furniture set with a bench, dining table & cushions is a perfect choice for dining and relaxing. It has a sleek and modern design that adds style and elegance to your living room, kitchen, or backyard.

Queen-sized bed

Product cost: $244

Potential price at your store: $300

Profit margin: $56

This product is a beautiful and practical piece of furniture that can transform your bedroom into a cozy and elegant space. The wood and metal make it sturdy and stable. It is covered with fabric that is soft, smooth, and easy to maintain. The square stitched button tufted headboard adds style and comfort to your bed. It also has four storage drawers that provide ample space for your clothes, bedding, and other items. You can adjust the mattress height to suit your preferences and needs.

Luxury cosmetics table

Product cost: $664

Potential price at your store: $900

Profit margin: $236

This luxury cosmetics dressing table is a glamorous and functional piece of furniture that can make your beauty routine more enjoyable and convenient. It is a table that has a large LED-lit mirror, drawers, shelves to store and display your cosmetics, jewelry, and accessories. It also has a comfortable chair that you can sit on while applying your makeup, doing your hair, or pampering yourself.

Lighting

Lighting objects are an important part of any good home decor, making them a good niche for dropshipping.

LED wall clock

Product cost: $29

Potential price at your store: $69

Profit margin: $40

This modern minimalist LED wall clock achieves its profitability by combining the beautiful modern aesthetics with functionality.

Nordic minimalist wall lamp

Product cost: $85

Potential price at your store: $140

Profit margin: $55

With modern art on the rise, this is a great product to sell. This minimalist nordic wall lamp will bring a sense of modern minimalist art to your home.

Crystal tree branch chandelier

Product cost: $259

Potential price at your store: $400

Profit margin: $141

This modern chandelier attracts customers with its elegant looks and premium look.

Ceiling fan lamp

Product cost: $237

Potential price at your store: $340

Profit margin: $103

This product manages to combine two functions in one package, making it a perfect addition to your dining room or kitchen.

Luminous interior art

Product cost: $189

Potential price at your store: $280

Profit margin: $91

Who said modern art is ugly? Using modern technologies, we can achieve high quality products which are a beautiful addition to your home.

Electrical fireplace

Product cost: $862

Potential price at your store: $1000

Profit margin: $138

This customized electric fireplace simulation is a great purchase for those who want to maintain a feeling of comfort in their homes without having to deal with a real fireplace.

Electric fireplace screen simulation

Product cost: $844

Potential price at your store: $1510

Profit margin: $666

For customers who think that the previous product is too much for them, this one is a great alternative.

RGB-lit mirror

Product cost: $339

Potential price at your store: $700

Profit margin: $361

This beautiful RGB-lit mirror provides bright illumination for makeup, shaving and grooming tasks. The defogging function helps to keep the mirror always clear.

Nordic tree branch chandelier

Product cost: $254

Potential price at your store: $850

Profit margin: $596

This gorgeous chandelier will help you maintain a feeling of nature in your home.

Nordic led art wall lampara

Product cost: $206

Potential price at your store: $390

Profit margin: $184

This decorative piece is great for customers who love modern art.

Chinese style glass wall lamp

Product cost: $316

Potential price at your store: $500

Profit margin: $184

This beautiful modern art piece will bring the aesthetic feeling of eastern paintings to anyone’s home.

Nordic lava floor lamp

Product cost: $959

Potential price at your store: $1400

Profit margin: $441

This beautiful product is great for bringing abstract modern art to your home

Pet supplies

You know why pet supplies are such a lucrative business niche? Well, that’s because pet owners love their furry companions and are willing to spend extra on them.

Smart cleaning cat litter

Product cost: $482

Potential price at your store: $900

Profit margin: $418

This smart litter box is a great solution for pet owners who want to keep their homes clean and tidy. The smart functionality increases the profit margin for this item.

Climbing tower for cats

Product cost: $1082

Potential price at your store: $1500

Profit margin: $418

This playground is perfect for providing entertainment and exercise to a cat.

Smart cat litter box

Product cost: $239

Potential price at your store: $600

Profit margin: $361

This spacious interior product provides enough space for the cat, allowing it to move freely without restriction. It’s very sturdy and can give your cats the most reliable protection.

Home electronics

With the everlasting rise of technology, more and more households are using electronic devices in their daily lives, so the time to sell those products is right now!

Smart trash can

Product cost: $178

Potential price at your store: $400

Profit margin: $222

This automatic sensor trash can is a simple, yet lucrative product to sell to customers who love to surround themselves with smart gadgets.

Smart vacuum cleaner

Product cost: $461

Potential price at your store: $800

Profit margin: $339

With the rise of robotics in home electronics, smart home cleaners are becoming more and more popular by the day, so it’s the best time to start selling them!

Electric foot massager

Product cost: $256

Potential price at your store: $600

Profit margin: $344

This air compression electric foot massage machine is great for therapy and anti-stress.

Robot dog toy

Product cost: $648

Potential price at your store: $1000

Profit margin: $352

This is a great household toy for children.

Garden

The garden niche is yet another great niche to excel at. Here’s some of the best stuff you can sell.

Hand chair sculpture

Product cost: $877

Potential price at your store: $1300

Profit margin: $423

This is a great piece of modern abstract art that will perfectly fit anyone’s garden.

Swimming pool cleaning robot

Product cost: $218

Potential price at your store: $560

Profit margin: $342

This smart cleaning robot is great for those who have a swimming pool in their backyard, but don’t have enough time to clean it. Just drop this robot in and let it do its thing!

Lawn mower

Product cost: $394

Potential price at your store: $666

Profit margin: $272

Anyone who has a front yard can appreciate a good lawn mower, so why not sell them?

Automatic lawn mower

Product cost: $1061

Potential price at your store: $1500

Profit margin: $439

So maybe the previous product was too standart for you and you want something more modern? Well, how about an automatic lawn mower? That’s better, isn’t it?

Garden shed

Product cost: $1067

Potential price at your store: $2000

Profit margin: $933

This outdoor storage shed provides extra storage space, enough for blades, lawn mowers, ladders and other household items. The metal shed has a durable structure with a thick galvanized steel plate for better reinforcement. Also, it is rust-proof and UV-resistant in all weather conditions.

Telescope

Product cost: $611

Potential price at your store: $900

Profit margin: $289

This professional 80DX high power astronomical telescope is a nice purchase for anyone’s backyard.

Outdoors BBQ grill

Product cost: $709

Potential price at your store: $1500

Profit margin: $791

This BBQ table with a cast iron fireplace is perfect for those who love grilling in their backyard.

Bathroom

Bathroom items are a good niche to excel in as well. Let’s look at some profitable products in this niche you can make money on.

LED thermostatic shower faucet

Product cost: $227

Potential price at your store: $700

Profit margin: $473

This LED thermostatic shower faucet is a beautiful addition to anyone’s bathroom and it provides additional lighting.

Europe style luxurious wash basin

Product cost: $230

Potential price at your store: $700

Profit margin: $470

This aesthetically stunning ceramic product justifies its price with its gorgeous design alone, no bells and whistles are needed.

Bathtub faucet

Product cost: $241

Potential price at your store: $900

Profit margin: $659

This simple, minimalistic modern bathroom accessory is great for customers who want to give their bathroom a modernist design spin.

LED bathroom mirror cabinet

Product cost: $394

Potential price at your store: $800

Profit margin: $406

This wall-mounted solid wood oval LED bathroom mirror is a very modern solution for high-quality bathroom decor.

Luxurious toilet

Product cost: $929

Potential price at your store: $1600

Profit margin: $671

It may seem ridiculous, but the fact that it exists means there’s a demand for this type of product. Many people love these kinds of in-your-face, over-the-top products that just scream “Look how rich I am!”, so why not sell it to them? After all, it’s always better to work for a well-paying customer.

Advanced technologies

You know what modern people really love? It’s tech! People love robotics, people love AI, and people are buying all that cool stuff. The scientific have created an insanely profitable technological niche you can get rich in!

Robotic hand

Product cost: $101

Potential price at your store: $500

Profit margin: $399

This crazy-looking robotic hand is a creative product for those who love to play around with advanced technology.

Robotic arm gripper claw

Product cost: $183

Potential price at your store: $500

Profit margin: $317

Just like the previous one, this robotic arm is an example of a crazy new technology that attracts its own customer base.

3d printer

Product cost: $329

Potential price at your store: $600

Profit margin: $271

This high-speed 3d printer is an excellent use of modern technology for easily improving people’s lives. Just pick what you want to print, and the printer will create it! Simple as that.

Drone

Product cost: $989

Potential price at your store: $1700

Profit margin: $711

With the rise of modern technology and content creation, more and more people are using these flying drones for taking aerial footage, which means that it’s a great time to start selling these bad boys!

Underwater drone

Product cost: $747

Potential price at your store: $1000

Profit margin: $253

If regular drones aren’t what you personally want, you may want to consider an underwater one.

Robot pet toy for kids

Product cost: $73

Potential price at your store: $800

Profit margin: $727

This is a great gift for kids who want to have a pet, but without having to deal with all the responsibilities.

Sport & Outdoors

People who are interested in sports and other outdoor activities are usually more than willing to spend some extra money on their hobbies, so why not use this opportunity by selling these great products?

Inflatable tent

Product cost: $771

Potential price at your store: $1300

Profit margin: $529

This is a must-have for those who love camping, but would like to camp with comfort and luxury.

Outdoor inflatable stargaze bubble

Product cost: $531

Potential price at your store: $1000

Profit margin: $469

Ever wanted to fall asleep outside under the stars, but didn’t want to deal with all the uncomfortable environmental stuff? Well, everyone has, and this inflatable stargaze bubble solves this problem easily!

Kayak

Product cost: $426

Potential price at your store: $1000

Profit margin: $574

This 11-foot inflatable kayak is perfect for those who love to spend their time doing sports with their friends.

Kitchen & dining

Another great niche for dropshipping is the kitchen niche. Let’s see what kind of products in this niche can make you rich.

Automatic air fryer

Product cost: $233

Potential price at your store: $500

Profit margin: $267

This stainless steel automatic air fryer is a very modern solution to all your cooking needs. Who needs cooking when you can just make the gadgets do it for you?

Removable kitchen sink faucet

Product cost: $272

Potential price at your store: $600

Profit margin: $328

This black brass faucet is perfect for washing dishes. Through a very simple and seemingly obvious design choice, this product generates serious additional value.

Coffee machine

Product cost: $218

Potential price at your store: $418

Profit margin: $200

Who doesn’t need a cup of coffee in the morning? Coffee is such a widely loved drink that coffee machines are a great product to earn some money on.

Portable BBQ grill

Product cost: $319

Potential price at your store: $600

Profit margin: $281

This portable BBQ grill is great for every situation. It can be used both indoors and outdoors, making it very versatile.

Tea set

Product cost: $572

Potential price at your store: $700

Profit margin: $128

You may think these are just some random glass cups and wonder, what’s so different about them. But people who have a hobby in tea culture always make sure to buy the nicest things for themselves! It may be difficult to understand from outside, but this niche is as lucrative as it is, thanks to how unique it is!

Induction cooking plate

Product cost: $709

Potential price at your store: $900

Profit margin: $191

Stop cooking with gas! Not only is it bad for the environment, but it’s also more costly, and even more difficult! Instead, just switch to a modern induction cooker.

Ice Cream machine

Product cost: $899

Potential price at your store: $1000

Profit margin: $101

Who doesn’t like ice cream? The answer is: nobody! So why shouldn’t people make ice cream themselves? Just add all the ingredients and let the machine cook!

Car accessories

Since people spend so much of their time inside their cars, car accessories are also a very lucrative niche. Here’s some niche products from this niche you can sell.

Cute plush pillows

Product cost: $2.69

Potential price at your store: $10

Profit margin: $7.31

These little things can bring a warm feeling of coziness to your car, but that’s not even the best things about them — the best thing is that they’re cheap and easy to transport, meaning you get an incredible deal if you start dropping them!

Car backseat organizer

Product cost: $8.75

Potential price at your store: $15

Profit margin: $6.25

This product helps you organize your stuff and keep order inside your car. After all, keeping your car tidy can be difficult, especially if you have children.

Back seat organizer for kids

Product cost: $10.15

Potential price at your store: $16

Profit margin: $5.85

Just like the previous one, this back seat organizer helps you keep your car tidy, even when you have messy children to take care of.

Car trunk organizer

Product cost: $19.05

Potential price at your store: $35

Profit margin: $15.95

But the back seat is not the only place that can get messy. Car trunk organizer provides ample storage space to get all small items well organized and create a clutter-free environment in your vehicle. With this trunk organizer, there is no need to look for lost cell phones, baby toys, dog leashes, magazines, etc.

High-profit margin dropshipping with Sellvia

So, what do you think will happen in 2024 for ecommerce? It will be a very exciting and competitive year. There will be many chances to make money online, but only if you are ready, informed, and have the right suppliers and products. Sellvia is more than a reliable dropshipping supplier — we are your friend in this ecommerce adventure.

When you work with us, you get more than just products with high profits. You get a lot of market information, professional product presentation, and quality assurance. Just choose from our large catalog of products that sell well online. You can make your store very successful.

So, what are you waiting for? Join the future and use the opportunities that 2024 has to offer. Start dropshipping for free with Sellvia. You have ecommerce dreams, and Sellvia can help you make them come true.