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.
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