Top 17 High-Margin Products to Sell Online
As a part-time dropshipper, I know the value of high-margin products. These items don't cost much to source but generate a high profit. In times of economic uncertainty, we could all do items that can help keep our business afloat.
That's why I put in the hours to find the best high profit margin products to sell online in 2024.
Before I share them with you, let me point out that such products can be tricky to spot. I had to consider a range of factors, including the average profit margin and sourcing cost, for each item. Only then I was able to identify high-margin products capable of creating a profit buffer.
Because I have done the hard work, you can jump straight to the products and add them to your catalog.
Read on to learn:
- 17 best high-margin products to sell
- What are high-margin products
- Pros and cons of selling high-margin products
- How to find high-margin products to dropship
- The best sales channels for high-margin products
- Selling high-margin products in different countries
Key takeaways
- Jewelry, fitness equipment, and kids’ toys are some products with the highest margin.
- High-margin products are often associated with a greater level of quality and exclusivity.
- As a dropshipper, you can sell a combination of high-margin and evergreen products.
- You can find high-margin products via trend sites, ecommerce marketplaces, and social media platforms.
- You can sell high-margin products in most countries worldwide--no special permission required.
17 best high-margin products and niches
Looking for high-margin products that bring in serious cash? I've got you covered.
Below, you'll find a list of items that meet essential criteria for success.
That means they have intrinsic value and can generate a significant profit for you.
1. Watches
Pros of Selling Watches
- Watches today are an item of status symbol
- There are many suppliers of wristwatches of different variations
- You can personalize wristwatches
Cons of Selling Watches
- It is not easy to sell luxury items
Market Demand for Watches
In the last five years, most of the search interest for wristwatches come from the following countries:
- Nigeria
- Philippines
- Georgia
- The United Kingdom
- Armenia
You can sell wristwatches in Western countries too but try to find a balance between luxury and low-end markets. Do not sell luxury wristwatches online, as it poses a significant financial risk for you. Besides, people are more likely to buy luxury watches in physical stores than in online ones.
Tips to Sell More Watches
It would help if you offered an engraving service for your watch. This process makes the watch more personal—you can market it to people who want to give the watches as gifts.
Another thing I strongly recommend is to sell watches in different sub-niches, like sports and elegant watches. This should allow you to reach more people and expand your market.
2. Jewelry
Pros of Selling Jewelry
- Jewelry will always have a market
- You can choose between plated and stainless steel jewelry
- Jewelry items are available as print-on-demand
- You can customize jewelry
Cons of Selling Jewelry
- Lots of competition
- Some suppliers sell fake jewelry
Market Demand for Jewelry
Jewelry is in high demand in the United States, Canada, Puerto Rico, Lebanon, and the United Kingdom. The best approach to take is to sell faux jewelry, or at least only plated ones, not pure. It helps reduce your financial losses if the jewelry gets lost in the mail.
Tips to Sell More Jewelry
Expensive jewelry should not be your target product. You will sell more plated jewelry than real ones. Nobody wants to spend a big amount of money on real jewelry online.
In addition, I recommend that you use images of the jewelry while in use by a person. Potential buyers are more likely to “feel” it if they see someone wearing the jewelry.
Many suppliers only offer photos of the product with no human in it. you can either use AI, hire a photo editor, or sample the jewelry yourself and take photos of the on your neck and arms.
3. Women’s Clothing
Pros of Selling Women’s Clothing
- Lots of products to choose from
- The demand does not stop
- There is always a new product type to sell
- There is a wide variety of niches you can penetrate
Cons of Selling Women’s Clothing
- Too much competition
Market Demand for Women’s Clothing
The top markets to sell women’s clothing are:
- New Zealand
- Australia
- United Kingdom
- Ireland
- United States
It is good to note here that these countries are also the most competitive markets. What I recommend is that you find suppliers who are in the same country as your target market, as this makes shipping faster. People who buy clothing usually want their order in 48 hours.
Tips to Sell More Women’s Clothing
My suggestion is to sell clothing in a particular sub-niche. It is not a good idea to sell all sorts of clothing in the same store as it will overwhelm you. For example, it is better to sell formal wear only rather than mixing all kinds of clothing types in the same clothing dropshipping store.
I also recommend that you find reliable dropshipping clothing suppliers who will ship the right clothing item and clothing size. The last thing that you want is to process returns and refunds because of the supplier’s error.
4. Fitness Equipment
Pros of Selling Fitness Equipment
- Many people are into health
- You can supplement your gym equipment with other products like exercise apparel
- It is possible to white-label or private-label these products
Cons of Selling Fitness Equipment
- Difficult to market; you need to build a brand
Market Demand for Fitness Equipment
There is a craze in bodybuilding, especially in countries where celebrity bodies are hailed and glorified. Right now, the best markets are:
- Ireland
- United Kingdom
- Australia
- New Zealand
- Cyprus
Surely, you can also sell gym equipment in the US and Canada.
Tips to Sell More Fitness Equipment
We have a detailed blog post about dropshipping fitness equipment that I recommend you read. I recommend that you only sell light gym equipment.
If you decide to sell heavy ones, the product location and target destination or shipping destination should be the same—this should help you save a lot of money in shipping costs.
It is also imperative that you use your gym or physical fitness equipment while in use. Photos of the product are not enough. It is easier to convince a buyer to take action if he can see a muscular person using the product—it motivates the buyer more than just a picture.
5. Kids’ Toys
Pros of Selling Kids’ Toys
- Children will need toys any time of the year
- You can expect more sales during the holidays
- There is a multitude of suppliers in the toy industry
Cons of Selling Kids’ Toys
- The competition is really high
Market Demand for Kids’ Toys
Based on this chart, we can see that the demand gets higher during the end of the year. It is at this point that you must also prepare your sales offer, promotions, and discounts, and also work with your supplier to ensure you do not experience any shipping delays.
Tips to Sell More Kids’ Toys
We have a detailed guide on how to dropship toys, which you can use as a basis to start a toy dropshipping business. Overall, I suggest that you choose a specific age bracket or group when selling toys. The interests of toddlers are different from those in middle school, so you need to pick a sub-niche.
6. Candles
Pros of Selling Candles
- Lots of fragrances to choose from
- You can supplement your candle products with other items
- These products are cheap
Cons of Selling Candles
- Most of the people who buy candles take time to buy again
Market Demand for Candles
The best markets for candles are the UK, the US, Australia, Ireland, and New Zealand. While the trend indicates that this is a seasonal product, there is still a market out there for people who collect zen candles, scented candles, etc.
Tips to Sell More Candles
Candle production is easy. Many physical shops sell them too. Because of this, you need to find unique products. It is also a good idea to add other products like candle holders, incense, gems, and crystals—anything that soothes the mind.
As far as marketing goes, you need to find a theme that will help you become the expert or authority for it. For example, you can position yourself as a mental well-being expert, with the use of candles to help promote inner mental and emotional peace.
7. Hygiene Products
Pros of Selling Hygiene Products
- People want to take care of their bodies
- There is a market for all people, including children
- You can rebrand the dropshipping items or white-label them
Cons of Selling Hygiene Products
- You are competing with supermarkets, so you need to have a special value proposition
Market Demand for Hygiene Products
The best market for hygiene products are:
- Jamaica
- Trinidad
- United States
- New Zealand
- Ghana
It is best to target Western countries as they have more budget to spare for specialized products for hygiene.
Tips to Sell More Hygiene Products
You can sell more hygiene products if you create a line-up of products that complement each other. For example, you can sell fragrances and add aftershave products that have the same fragrance. Another example is you can sell lotion and face creams that all do the same thing for the skin.
It is best to white-label or private-label these products and create a brand that has a voice. Selling hygiene items that carry different brands is not a good idea—it only makes your store look like a generic one.
8. Pet Care Supplies
Pros of Selling Pet Care Supplies
- There are many types of pets
- Pet owners will certainly buy an item or two for their pets
- You can penetrate this market per niche
Cons of Selling Pet Care Supplies
- Many sellers will undercut your prices
Market Demand for Pet Care Supplies
The two biggest markets for pet care based on search interest are the US and Sri Lanka. The UK, Canada, and Australia are great additions if you want to expand your reach.
Tips to Sell More Pet Care Supplies
While the competition for pet supplies is high, you can expect to make a lot of money if you approach the niche right. First off, do not be a jack of all trades—do not sell all sorts of pet products. Instead, concentrate on a specific group of animals, like dogs and cats, snakes only, or reptiles only.
Next, find suppliers that can white-label your products so you can maintain a brand. I also suggest that you do print-on-demand where you can sell products where your designs are exclusive. Finally, personalize your pet products, people love it when they see the names and images of their pets on pet products.
9. Phone Accessories
Pros of Selling Phone Accessories
- There is always a demand for it
- You can easily bundle products together
- There is no shortage of product variants and suppliers
Cons of Selling Phone Accessories
- Customers do not typically do repeat orders
Market Demand for Phone Accessories
I recommend that you sell phone cases and accessories based on phone sales in a country. If your phone case or accessory is for Samsung Galaxy S24, find the country that has the highest S24 sales, and advertise to that country.
Tips to Sell More Phone Accessories
Phone accessories are best sold as a bundle. This is the only way you can increase your average order value. If you think about it, it is rare for someone to buy two headsets or two mouse pads.
For example, you can sell a headset, a mousepad, and a phone case as a bundle. You can offer the same designs to add uniformity to the products and also sell these three at a lower price than if they were bought separately.
In addition, I strongly recommend that you do print-on-demand. There are many electronic accessories you can find on sites like Printify and Printful. Your designs will be exclusive, and you can even personalize the items that you sell.
10. Kitchen Products
Pros of Selling Kitchen Products
- There are many items to choose from
- There is a wide array of niches you can penetrate
- There are many suppliers in the market
Cons of Selling Kitchen Products
- You need to invest in videos to be able to market your items
Market Demand for Kitchen Products
Worldwide, the countries with the highest interest rates for kitchen products are Zimbabwe, the Philippines, Sri Lanka, Pakistan, and Australia.
Tips to Sell More Kitchen Products
While kitchen products are all too common, there is a way to make money in this niche if you invest in marketing. For example, you will find it easier to convince a site visitor to buy if you have a video demonstration of what your product can do.
It is also advisable that you sell small kitchen appliances only. It is not a good idea for starters to sell microwave ovens and such things because they are too bulky to ship. In addition, products like that are expensive, and customers will think twice before making a purchase. To succeed, focus on small items that we can classify as emotional or impulse purchases.
11. Home Office Supplies
Pros of Selling Home Office Supplies
- It is not only companies you can target as a market
- Many people now work in their homes, and they need office supplies
- Many office supplies are sold for assembly; it is easy to ship them
Cons of Selling Home Office Supplies
- Furniture can take a while to sell
- Shipping is fast and easy but can be costly
Market Demand for Home Office Supplies
The US and Canada are the biggest markets for home office supplies. However, these are also the most competitive. To penetrate these markets, I suggest that you look for unique items that are not yet too saturated or have little competition.
Tips to Sell More Home Office Supplies
What I recommend you do is sell products that complement each other. For example, you can sell an office chair and a table that have the same design elements. This approach not only increases your average order value but also makes the entire bundle more enticing to the consumer.
In addition, it is best to present these products with office ware, like a laptop. If a potential customer sees the product in use, he is more likely to see himself using it—enough to motivate him to make the purchase now.
12. Outdoor Furniture
Pros of Selling Outdoor Furniture
- Lots of products to choose from
- You can sell small pieces of furniture, not just big ones
- No stock issues with suppliers
- These are trendy products that people want to possess
Cons of Selling Outdoor Furniture
- You need to keep up with furniture trends
Market Demand for Outdoor Furniture
Outdoor furniture is a seasonal product. The profit is high but you will also need some time to find your customer base. Based on Google Trends, the biggest search interest is in Australia.
Tips to Sell More Outdoor Furniture
The target market for outdoor furniture is people who are in the upper-income bracket. Because of this, know that you are competing against other sellers, especially the manufacturers. To beat them, you have to present your products in a way that shows elegance.
Photos of the products are not enough. You will have to create videos for them. Because of this, I encourage you to look for suppliers who have videos (no matter how short) of their products. Unlike small items, you cannot buy these and do the video yourself.
13. Luggage and Travel Products
Pros of Selling Luggage and Travel Products
- Most travelers want to buy these items (better experience)
- Travelers are willing to splurge on these items
- You can sell these items in bundles to increase your sales
Cons of Selling Luggage and Travel Products
- You are not likely to get repeat orders, even from frequent flyers
Market Demand for Luggage and Travel Products
Singapore is the current biggest market for luggage. You can target this country easily, provided that your supplier is in China. The other biggest markets are the United Kingdom, Australia, the UAE, and the US.
Tips to Sell More Luggage and Travel Products
People want luggage that is sturdy and secure. The last thing that a consumer wants is to have all his clothes strewn about because the luggage broke. Apart from sturdiness, I also recommend that you personalize these items.
You can use the services of a print-on-demand company for personalized luggage and travel items. The only issue you may have is that the POD suppliers tend to sell their luggage at a higher price than the prevailing market rate.
14. PC Components
Pros of Selling PC Components
- Gamers will want to upgrade their hardware
- There are other items you can sell on top of the electronic components
- There are many gamers that you can target
Cons of Selling PC Components
- It is difficult to find a supplier for legit electronic arts
Market Demand for PC Components
The biggest markets for computer components are those where there is a large number of gamers. These countries are the West and some countries in Europe, especially Romania.
Tips to Sell More PC Components
If you sell RAM and processors, it is best to display what your products can do. It is not enough that you “tell” people what the products can do. So, how do you demonstrate this?
What I recommend is that you compare your product’s performance with a competitor’s product or a low-end version of it. For example, you can put a side-by-side comparison of the same game in action while using two different RAMs or graphic processing units. This should be enough to show, not tell, the consumer that your product makes a difference.
15. Car Accessories
Pros of Selling Car Accessories
- Car owners have the money to splurge
- There are many branded car accessories that you can sell
- Refunds and returns are not likely
Cons of Selling Car Accessories
- Not all accessories fit all cars
Market Demand for Car Accessories
My suggestion is to find underserved markets for car accessories. If you sell this in the United States, you will be competing against many established sellers. Based on Google Trends, the best countries to sell to are Malaysia, the UAE, Qatar, India, and Bahrain.
Tips to Sell More Car Accessories
Car accessories are part of every car owner’s purchase plan. There has to be a car accessory that you can sell to every car owner, which means that to sell, you need to fill your store with options.
It is also important that you make your product look superior to the others. You can do this by creating comparison images or videos that show why your products are superior. For example, if you are selling a dashboard phone holder, it makes perfect sense to show that yours rotates in a wider degree and two directions and not just one.
16. Smart Home Products
Pros of Selling Smart Home Products
- There is a growing demand for smart home products
- Most sellers sell these items at an extravagant price; sell lower and use it as leverage
- There are many suppliers of smart home products
Cons of Selling Smart Home Products
- Not all products are compatible with the same smart home hub
Market Demand for Smart Home Products
The US and Canada are the best markets for smart home products. The world has not fully caught up yet with this. In both Canada and the US, though, this has become a norm.
Tips to Sell More Smart Home Products
To succeed, the best approach I recommend you take is to concentrate on one smart hub. For example, sell only smart home products that are compatible with Alexa, or only to Google Home, or Apple.
If you do this, you can reach customers who use these specific home hubs. Your site visitors will likely be frustrated. It also filters out consumers whose home hubs are not within your niche.
17. Digital Goods
Pros of Selling Digital Goods
- No shipping cost
- There is no need to upload so many variants
Cons of Selling Digital Goods
- Too many people selling the same thing
Tips to Sell More Digital Goods
Dropshipping is not the best business model to use for selling digital goods. Instead, I recommend that you create your digital product, such as an eBook or an Excel calculator.
Finally, you can only sell digital goods if you demonstrate how to use them. I suggest creating a YouTube channel so you can show people what your digital good can do, especially if it is an application.
What is Profit Margin and How Do You Calculate It?
In simplest terms, profit margin refers to the amount of money you make after subtracting your expenses from your revenue. It is usually a percentage value.
Let us say that an apple costs $1. You sold it for $2.50. The $2.50 is your revenue. Your profit is $1.50. To get our profit margin, you divide the gross profit by the revenue.
The calculation is like this:
$1.50 profit / $2.50 revenue = 0.6. Now, we multiply 0.6 by 100, and we get the percentage value of 60%. Your profit margin is therefore 60%.
This example, of course, is simplistic. In business, you have to account for all your expenses. In the apple example, we only accounted for the cost of the apple, which is $1.
Types of Profit Margin
The two common types of profit margins are:
- Gross Profit Margin – the money you make after subtracting your cost of goods sold (COGS) from your revenue. The apple example earlier is how you calculate your gross profit margin.
- Net Profit Margin – the money you make after subtracting all expenses. This is your “take-home pay.”
It does not always mean that you keep all the net profit margin for yourself. Seasoned business owners know that there are “rainy seasons” in business. Because of this, they only keep a portion of the net profit margin. They leave the rest to the business so they would have money to cover unexpected expenses or expenses if they do not have a lot of sales in the succeeding months.
Let us say that you dropship drones. The cost of each drone is $19.99 You sell each for $39.99. Let us say that in a month, you sold 40 units.
- Your revenue is: $39.99 per unit X 40 units = $1,599.6
- The cost of goods sold, or COGS, is: $19.99 x 40 units = $799.6
- The gross profit margin is $1,599.6 -$799.6 = $800. We divide $800 by $1,599.6, and we get 0.500125031. We multiply this by 100, and we get 50.01%.
Therefore, the gross profit margin is 50.01%
Now, let us calculate the net profit margin. Let us say that your expenses are:
- COGS = $799.6
- Shopify Subscription = $25
- Facebook Ad = $100
Your total expense is $924.6. We will subtract that amount from the revenue, which is $1,599.6.
- $1,599.6 revenue minus $924.6 expenses = $675.
- $675 profit / $1,599.6 revenue = 0.421980495.
- 0.421980495 X 100 to get the percentage = 42.20%
Your net profit margin is 42.20%.
To help you with calculating profit margins, I suggest that you use our profit margin calculator. Here is a screenshot:
As you can see, all you need to do is type the selling price and the number of units sold. The “example orders” at the top can be your projected sales, not actual sales. The rest will be calculated automatically.
To succeed in dropshipping, you must aim for around 30% net profit margin. This way, you have enough money left to cover unexpected expenses and also keep it in your pocket.
Summary: profit margin is the amount of money you get to keep after subtracting all your expenses. The profit margins are expressed as a percentage. The higher it is, the better it is for you and your business.
What are high-margin products?
High-margin products are those that yield a high profit margin when sold.
A high profit margin is usually considered to be in the 50% to 60% range.
This range gives you enough cash even after deducting all the expenses and overheads.
High-margin products also have certain attributes, just like winning products do.
If a product has:
- Decent price point
- High demand
- Limited competition
- Potential for repeat customers
- Good marketability
There's a good chance that it's a high-margin product.
Pros and cons of selling high-margin products
Before adding high-margin products to your store, consider the potential advantages and disadvantages.
Here are some of the key pros and cons to keep in mind.
Greater profit margins
One benefit of selling high-margin products is the potential for greater profit margins.
Because you're able to charge more for these items, each sale can generate a higher level of revenue.
Higher perceived value
High-margin products are often associated with a greater level of quality and exclusivity.
Know what that means? Adding these items to your store can help enhance the perceived value of your brand.
And also attract customers who are willing to pay a premium price.
Improved cash flow
Besides increasing profits, high-margin products can also help to improve your cash flow.
Because you're earning more per sale, you may be able to generate more revenue in a shorter amount of time.
Cons
Limited customer base
One potential disadvantage of selling high-margin products is a limited customer base.
Not everyone is willing or able to pay a premium price for certain items.
And this could limit the size of your target market.
Increased competition
Another potential downside is that you may face more competition from other sellers.
Because these items deliver greater profits, other stores will be selling them too.
This could make it more difficult to stand out in a crowded marketplace.
How to find high-margin products to dropship
Want to find high-margin products for your online store? You're in luck. There are platforms and methods to help you identify these items.
Before you start your search, it's crucial to look at factors such as demand and competition.
This is to get an idea of whether a product has enough appeal and where the market stands in terms of saturation.
Once you've got that sorted, take the following steps to identify high-margin opportunities:
Get inspiration
There are several places where you can find inspiration for high-margin products. The popular ones are:
Trend sites
Sites like Google Trends can provide valuable insights into different products.
Enter keywords related to a high-margin niche to see which items are popular among buyers.
Then use the information to determine which products to add to your inventory.
Marketplaces
Ecommerce marketplaces offer valuable trend insights for high-margin products.
These online platforms feature dedicated pages showcasing top-selling items and in-demand products.
Take, for example, Etsy's Popular Right Now page highlighting the latest trends.
Or, Amazon's Movers and Shakers page, displaying daily hot sellers across various categories.
Similarly, AliExpress and Alibaba have their own dedicated pages for hot products and best sellers.
Browse these pages to discover new product ideas for your business.
Social media
Social media can also be a valuable resource for discovering profitable products.
Start by researching hashtags on Instagram and TikTok to see what people are buying.
The products featured in hashtags are likely to be profitable. (Because otherwise, why would merchants be selling them?)
You can also browse Reddit and Facebook communities for product inspiration. Go through the interactions of people in ecommerce groups to find new ideas.
And on Quora, search for queries like "what are the top high-margin products for 2024?" to gain valuable insights.
By leveraging social media in this way, you can get an idea of the latest trends in high-margin products.
Calculate the profit margin
When deciding which high-margin items to sell, you must calculate the gross margin.
This requires you to substrate the cost of the product from the selling price.
So for example, if you sell a table for $200 that you bought for $150, your gross profit would be $50.
To calculate the product margin, divide the gross profit by the selling price. In this case, the profit margin would be 25%.
You can use this information to determine whether a potential product will provide a high enough profit margin to be worth selling.
Additionally, conducting market research can help you identify products with high profit potential.
For example, items with unique features may have higher margins due to less competition.
Use Dropship.io to simplify product research
I don't mean to brag, but Dropship.io is the best tool for finding high-margin products to sell.
It removes the need for manual profit margin calculation and saves tons of time.
Plus, you can see the average cost and selling price of various products at a glance.
Here's how it works: first, you create an account on the platform.
Then, you open the Product Database and use filters to search for products in your niche.
You can also select one or multiple product categories when researching the items. Plus, advanced filters like product title and description are also available.
When you do a search, Dropship will present you with a list of products along with plenty of useful data.
You can see the price, monthly sales, monthly revenue, and several other metrics for each item.
To see the profit margin for any item, click its price. This will prompt Dropship to show you the Numbers Breakdown screen.
Numbers Breakdown has everything you need to make an informed decision. You can see the selling price, cost of goods sale, profit margin, and more for any item.
Additionally, you can compare your profit margins to those of similar niches. Doing this will help you see if you're doing well or struggling to stay profitable
What's more, you can get a better idea of where your product metrics are lacking.
For instance, if your profit margin for one item is 44% but only 15% for another, it calls for an investigation.
So you see, Dropship.io makes it easy to know your numbers and make lucrative business decisions.
Where to sell your trending products
Once you've picked your high-margin products, it's time to decide where to sell them.
Below, I've put together a list of sales channels that merchants use for selling these items.
Selling high-margin products on Shopify
Shopify is an ecommerce platform that allows you to create and launch your own online store.
With Shopify, you can sell your high-margin products directly to your customers. No need to go through a middleman.
But keep in mind that the platform does have a fee for processing payments through third parties.
To begin, choose a theme that suits your brand, define the settings of your store, and add the items to your catalog.
And don't forget to craft compelling product descriptions to pull in the customers.
Shopify also offers tools for print on demand and dropshipping. Both of which allow merchants to manage inventory and fulfill orders effectively.
Selling trending products on Amazon
Amazon's vast customer base makes it an appealing platform for showcasing high-margin products.
But competing with other sellers and their prices can make it challenging to succeed.
Despite this, it is not impossible to sell high-margin products on Amazon. All you need to do is be strategic with your pricing.
From my experience, pricing your items between $100 and $200 can yield optimal sales.
This may vary for others, such as for merchants who sell trending items.
But for high-margin selling, this is the ideal range to consider.
Selling high-margin products on Instagram
Did you know that more than 60% of the 2 billion active users are on Instagram to discover new items?
That's right--Instagram is an excellent place to showcase high-margin products.
The platform's influencer marketing capabilities are also worth a mention.
By collaborating and co-creating with influencers, you can get exposure for your brand.
Selling trending products on TikTok
With the potential to make products go viral, TikTok is also a great platform for selling your stuff.
TikTok's algorithm favors captivating content. So if your product videos are unique and eye-catching, they could go viral.
Plus, you can partner with TikTok's rising stars to shape consumer perception about your brand.
All in all, TikTok's marketing prowess makes it a valuable channel for all kinds of merchants.
Selling high-margin products on the Facebook Marketplace
Facebook Marketplace is a quick and easy way to sell your products locally.
It's free to list any item, and you'll get plenty of engagement.
To maximize your chances of making a sale, craft an attention-grabbing title and description.
Interested buyers will contact you with their offers, and you can negotiate a price.
In no time, you can turn your high-margin products into cold hard cash.
Selling high-margin products in different countries (Canada, US, UK, etc.)
You can sell high-margin products in any country worldwide.
But some markets are more favorable than others due to consumers' purchasing power.
That's why it's crucial to identify the best countries for sales.
Below, I have listed some of the best markets for selling high-margin products.
Selling high-margin products in the US
No surprises here. The US is a profitable market for high-margin and many other types of products.
With Americans spending an average of $5,577 each month, you are likely to get sales with proper marketing.
To maximize profits, focus on high-margin niches like pet products and children's toys.
Data shows that the pet sector contributed $260.5 billion to the US economy last year. And the contribution of other high-margin niches is in billions, too.
Selling high-margin products in Canada
The Canadian market is another favorite of ecommerce sellers.
Canadian consumers care more about the quality of the goods they buy than their price. So you could earn good profits by selling high-margin products to these audiences.
Just make sure whatever you offer is high quality (no compromises!).
Selling high-margin products in the UK
The UK has significant purchasing power, making it an ideal market for product sales.
Data shows the UK ranks fourth in countries with the highest consumer spending.
Also, online buying is prevalent in the UK, making it easier to sell high-margin goods online.
Selling high-margin products in Australia
Australians have a reputation for being one of the most generous online spenders.
But, they're also savvy shoppers who compare products before making a purchase.
To succeed in Australia, you must find creative ways to market your brand.
One approach could be sharing the story behind your product selection. Another could be highlighting how your item connects to Australian culture.
Selling high-margin products in India
India offers a lucrative opportunity for ecommerce sellers of high-margin products.
The country has a fast-growing middle class and a large population, making it a vast market.
To succeed, it's essential to understand local preferences and tailor your marketing strategy.
By adapting to Indian consumers' unique needs, you can build a loyal customer base.
Final Verdict
There you have it — a list of 17 high-margin products to sell online in 2024.
Whether you go with kids' toys or pet care supplies, just remember to keep your eyes on the prize: profit.
But hey, who says you can't have a little fun while making money? So go ahead, pick a high-margin niche that excites you and get started.
And if you want to expand your offerings even further, our list of evergreen products can help you get there.
Happy selling, and may your margins be ever in your favor!