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What’s the best dropshipping business idea for 2024?
💡 Quick Answer: Our top 4 pics are health and wellness products, clothing and accessories, beauty and personal care products, and sustainability products. Each business model offers alternating advantages depending on your goals as an entrepreneur. Scroll to read our pros / cons lists!
The universe of business ideas has never been more full of boundless possibilities, but often the challenge - and thrill - lies in uncovering that one exceptional concept.
Of course you dream of running a dropship business from the comfort of home, becoming your own boss, and mastering the art of making money online. However, will you be one of the select few to transform this vision into reality?
It’s completely possible, and discovering a business idea with low competition and high profit margins doesn’t have to be a Herculean task. Luckily, you’ve come to the right place. Welcome to your comprehensive guide to getting started.
To help you propel into action, we’re the ones who have undertaken the analysis and market research, leveraging insights from SaleHoo’s Market Insights to find the most promising niches.
It’s time to find out the best research tools for your own business, how to select the best business ideas and products, where to find suppliers, and 50 product ideas to get you started.
How do I find dropshipping ideas in 2024?
TikTok
TikTok is a goldmine for discovering dropshipping business ideas thanks to its diverse and dynamic user base showcasing trending products and niche markets. The platform's algorithm curates personalized content, helping you find unique items that are gaining popularity.
For example, by following hashtags like #TrendingProducts, #TikTokFinds or #TikTokMadeMeBuyIt, you can spot items like portable blenders or custom phone cases that are generating buzz. This way, you can stay ahead of the competition and capture emerging market trends with ease.
@theheatcomb who wants one? #carfinds #tiktokfinds #tiktokmademebuyit ♬ super freaky girl x luxurious - xxtristanxo
Pinterest is a visually-driven platform and has a diverse user base constantly pinning popular products. By exploring boards and pins related to trending products and niche markets, you can uncover some unique dropshipping ideas, including some potentially unrealized opportunities.
For example, dig into Pinterest Predicts to find trends and styles that have seen significant increases in recent months. You’ll find highly updated data that might lead you to items like sculptural jewelry or…eclectic grandpa streetwear? It’s a great tool to help you stay ahead of market trends and find products that are resonating with customers. You can also check out top search volumes on Pinterest Trends.
Trendhunter
Trendhunter is a fantastic resource for dropshippers, offering insights into emerging market trends and consumer preferences. By exploring a wide range of innovative products and industry analyses, Trendhunter helps you uncover unique, high-demand dropshipping ideas before they become mainstream using AI, big data, and crowd filtering. Tools like this make it possible to stay ahead of the competition, select the best products, and boost your business's profitability like never before.
Marketplaces
Marketplaces like Amazon, Etsy, and Walmart are excellent for uncovering dropshipping trends due to their vast customer base and diverse product offerings selling across the world. By analyzing bestsellers and trending items that are “selling fast” on these platforms, you can identify high-demand products and emerging niches. On Amazon, you can find hot products across any category, so you can dig into the hottest products for your chosen business idea.
Of course, stay aware of fad products by keeping in mind that while they will make you money during the time they’re trending, they’re probably not preferable to build an entire business idea around.
SaleHoo
SaleHoo is an exceptional resource for discovering business ideas and emerging trends, thanks to our robust Directory tool and SaleHoo Market Insights. Our Directory provides access to a vast network of verified suppliers, ensuring you find high-quality products and are put into direct contact with their suppliers. Meanwhile, the built-in Market Insights offers in-depth product analysis, helping you identify, track, and predict market trends. The key is to access tools that will keep you ahead and allow you to make informed decisions.
10 best dropshipping business ideas
Electronics
Market demand
Growth trends: According to Zion Market Research, the global consumer electronics industry will be climbing to a whopping $1.7 Tillion USD by 2028. That’s before the end of our current decade. Clearly the demand for all things electronics is not going anywhere.
Search trends: Consumers are searching and shopping for some key categories in the electronics sector, including generative & on-device AI, smart home & security systems, new PC’s, and new gaming experiences.
Top countries: According to Statista, China, the US, India, and Japan are the leaders in consumer electronics revenue globally.
Best products to sell
- Bluetooth speakers
- Smart watches
- Gaming headsets
- USB charging doc
- Bluetooth headphones
- Security cameras
- Smartphone tripod
Pros: High demand & market exposure, higher selling prices & demand-based margins
Cons: Increased competition, logistics & shipping challenges for delicate materials
Average profit margins: 29.1% on average
Beauty & Personal Care
Market demand
Growth trends: Zion Market Research predicts the global beauty and personal care industry to climb to $160.7 Billion USD by 2032. That’s almost 2.5x the global size in 2024.
Search trends: Consumers are increasing their consumption of products in the following categories: hyper-personalized beauty solutions, wellbeing & self-care, sustainable beauty products, and inclusive beauty products.
Top countries: The US, China, Japan and Brazil are the four top spenders in the beauty and personal care industry.
Best products to sell
- Teeth whitening kits
- Hair growth serum
- Anti-aging cream
- Beard oil
- Face roller
- Facial mask
- Anti-dandruff shampoo
- Men’s grooming products
- Eyelash extensions
- Electric toothbrush
Pros: High margins, endless emerging trends, an increase in consumers going online for beauty products
Cons: High competition, risk of low quality suppliers
Average profit margins: Between 50% and 60%
Baby Products
Market demand
Growth trends: Our research predicts the baby products industry to blow up to almost $27 Billion USD by 2028. While the market took a hit during COVID-19, this industry has been growing steadily again for years now.
Search trends: There’s been an increase in parents searching for several trends, such as baby foods with globalized flavors, all-natural toddler skin care, AI baby monitors, and infant supplements.
Top countries: Despite declining birth rates, China and the US remain goliath spenders on the global baby care scene.
Best products to sell
- Muslin blankets
- Baby carriers
- Infant supplements
- Kid’s/baby toys
- Baby/toddler skin care
Pros: Emerging ideas and opportunities to capitalize, scalable; you can expand into related sectors for infants and toddlers
Cons: Lower margins for lower ticket items
Average profit margins: Ranging from 10%-20%
Home Decor
Market demand
Growth trends: The global home decor market is expected to hit a massive $949 Billion USD by 2032 according to Market.us. That’s almost $1 Trillion.
Search trends: Online consumers are showing increasing interest in trends within the following categories: sustainable & eco-friendly materials, vintage & thrifted decor, natural & earthy tones, and multifunctional or modular furniture
Top countries: The US, China, Germany and the UK are all top consumers of the latest home decor trends and products.
Best products to sell
- LED lamps
- Wall decals & stickers
- Welcome mats
- Duvet covers
- Artificial flowers & plants
Pros: Ever-emerging trends & wide variety, high demand, wide audience
Cons: Tricky quality control, market saturation, frequent returns and damages
Average profit margins: Ranging from 20%-50%
Fitness Products
Market demand
Growth trends: The home fitness market is set to be a $22.8 Billion USD market globally by 2033, in both online and offline segments.
Search trends: Cardiovascular training equipment is contributing to a large portion of market share, and the general demand for innovative, space-efficient, and technology-enhanced fitness products is on the rise.
Top countries: Primarily North America and China
Best products to sell
- Fitness trackers
- Weighted vests
- Yoga mats
- Yoga leggings
- Sports bras
- Home weights
Pros: High demand, higher profit margins, potential for new well-being markets
Cons: Shipping challenges due to weight, high return rates
Average profit margins: Ranging from 20%-30%
Kitchen Items
Market demand
Growth trends: The small kitchen appliances market is on track to grow to $25.6 Billion USD by 2032, another behemoth global market.
Search trends: Popular consumer searches include smart kitchen gadgets with Wi-Fi connectivity, compact and multifunctional appliances, and eco-friendly products.
Top countries: The US, China, Germany, and the UK come in again as top 4.
Best products to sell
- Smoothie blenders
- Insulated bottles
- Air fryers
- Rice cookers
- Electric steamers
Pros: Innovative market, high demand, wide audience
Cons: Competing against established players, high cost shipping and potential for damage
Average profit margins: Anywhere between 20%-45%
Clothing & Accessories
Market demand
Growth trends: The global ecommerce apparel market may be the most massive industry on the rise, projected to hit almost $1.5 Trillion USD in 2032.
Search trends: Searches for eco-friendly materials, personalized fashion items, and smart clothing integrated with technology are on the rise. Additionally, there is a growing interest in versatile and functional apparel that blends style with practicality.
Top countries: Top consumers are US, China, Germany, UK, and Japan
Best products to sell
- Sports tracksuits
- Blue light blocking glasses
- Tote bags
- Sunglasses
- Seamless underwear
- Sculptural jewelry
- Minimalist jewelry
Pros: Wide audience, typically easy shipping, almost limitless niche opportunities
Cons: Very competitive, fluctuating trends, lower margins
Average profit margins: From 4%-13% for fast fashion, but typically higher for luxury
Health & Wellness Products
Market demand
Growth trends: The Healthy Eating, Nutrition & Weight Loss sector of the wellness industry alone is currently worth $946 Billion USD capitalizing on the product potential within that sector alone has endless potential.
Search trends: Consumers in 2024 search tend to focus on personalized health products, particularly those using biometric data for customized recommendations. People are increasingly seeking clinically proven ingredients over natural ones, and there is a growing interest in products that support healthy aging and weight management
Top countries: Top industries can be found in the UK, China, and the US
Best products to sell
- Tea tree oil
- Dietary supplements
- Performance supplements
- Menstrual care products
- Sleep supplements
Pros: Growing demand, wide audience, potential for recurring purchases
Cons: Complying to health regulations, developing trust with consumers, high marketing costs
Average profit margins: Ranging from 20% to as much as 50%
Coffee & Tea
Market demand
Growth trends: The ecommerce beverage industry is projected to reach over $343 Billion USD by just 2025.
Search trends: Consumer search trends in the coffee and tea industry are focusing on sustainability, health benefits, and innovative flavors.
Top countries: Strong consumer bases in US, Germany, China, and Japan
Best products to sell
- Organic teas
- Mushroom coffee
- Matcha
Pros: High demand, diverse product range, recurring purchases
Cons: Shipping challenges maintaining freshness, quality control, high competition
Average profit margins: Varying widely but generally ranging from 5% to 30% if the product is specialty
Sustainable Products
Market demand
Growth trends: One sustainability sector, the global green technology and sustainability market, is expected to grow to $89.97 Billion USD by 2032.
Search trends: Global consumers are showing a rising interest in eco-friendly materials, zero-waste products, and items with ethical sourcing.
Top countries: US, Germany, China, and UK, widely Western countries
Best products to sell
- Reusable water bottles
- Organic cotton apparel
- Biodegradable packaging
- Eco-friendly cleaning products
- Solar-powered gadgets
Pros: Brand loyalty, future market growth, a positive impact on the planet
Cons: Higher costs, consumer skepticism
Average profit margins: Wide range depending on the type of product
How do I choose the right dropshipping business idea?
Before you hop on over below and choose the idea or product that you think is the 'coolest' or you think are passionate about for you to sell, take a step back and really evaluate a product as a dropshipping business idea. Are there similar products on the market? Is it going to give you a high enough profit margin? Is there even a demand for this product in the market that you're selling? These are important to consider right out of the gate.
Considering the product lifecycle is crucial for dropshipping businesses as it helps anticipate potential market saturation or declining demand for certain products over time. By understanding the lifecycle, entrepreneurs can select products with longer growth phases or those adaptable to market changes, ensuring sustained profitability. Moreover, analyzing the lifecycle aids in developing strategic plans for product sourcing, marketing, and inventory management.
Consider three key pillars to analyze for your product category:
Profit Margin
You might get excited when you see a potential product from your supplier that's prices super low. Hold your horses. A low cost product usually means you can't mark it up for that much when you try to dropship it. Even if the margin is high, the actual dollar amount profit that you get from it can be low. That's why you should choose products that have a high perceived value such as furniture or something that can be branded as a luxurious item so you can get a good markup. That's how you can get a good profit from dropshipping.
Competition
Competition is tricky here. You want a product that is proven to have a high demand but also isn't already swallowed by a sea of competitors. Going after a product in a niche product surely has its benefits but customer acquisition costs could be higher as you have to fight quite hard to find that market. If you're looking to dropship a niche product, you might want to favor quality over quantity and sell products that have a high profit.
On the other hand, if you want to go for a popular product that's already known to sell well the masses, you'll need to strongly stand out with heavy branding and really finding your unique selling point (USP) and heavily market that to your audience.
Product Demand
Market demand for your product is extremely important. One of the easiest and fastest ways to evaluate if it exists for your product is using Google Trends. Enter you product type and your target market into Google Trends and you'll be able to know if people are actually searching for this product or they don't care about it. If there's a lot of people searching for it, chances are there is good market demand for your product in that location. This will help you really understand the trend analysis for the product.
Dying to know what the best business model is for you?
Where can I find dropshipping suppliers for my business?
Now that you have a profitable product idea in mind it’s time to find your suppliers!
One of the best ways to do this is by using our Directory that has over 8,000 trusted local and global suppliers. We thoroughly investigate every supplier before adding them to our categorized list. (You need to join for access). Simply perform a search and use the filter options on the left if need be.
Don't worry, we take the stress out of what to say to suppliers by providing pre-written templates that you can tweak to suit your voice! A good place to start is to contact4 or 5 suppliers to check prices on the product you intend to dropship just to ensure you get the best deal!
However, we are not the only place to find quality suppliers. Check out this epic list of places to find dropshipping suppliers.
Alternatively, you could also do your own research on Google. The easiest way to find wholesale dropshippers on Google is by searching “[Product] + dropshipper.” But it is very hard to figure out trustworthy and legitimate suppliers so enter at your own risk!
Once you think you have found a suitable supplier/s run them through this quick checklist to make sure they are the best for your business!
- Experience- We recommend dealing with suppliers that have 2+ years in the game
- Great customer service- Helps you with handling questions and any issues you may have
- No huge pre-order fees- You want to make a big profit!
- Fast shipping- Keeps you and your customers happy
- Quality product- Helps you create a successful brand
- Suitable return policy- Make sure it matches your shop's policy and there are no unreasonable fees on your end.
Wondering if there are dropship suppliers located in your country and can help to dropship products at a quicker pace? The answer is yes! There are many benefits for using country specific dropshippers. Not only will you be able to speak the same language, but they'll be more inclined to help you deliver a quality product to your customer. Of course, the biggest perk of using a dropshipper located in the same country as the market you're targeting is fast shipping, which is extremely important to customer service success. Have a look below to find dropship suppliers in your preferred country.
How do I start a successful online business?
If you’re here for the profitable product ideas and haven’t yet started your online business, our educational resources will get you started in no time.
- The beginners' guide to starting a business selling things online
- A step by step guide to starting an online store
- How to set up your online business
- Your complete guide to dropshipping
- The definitive guide on e-commerce outsourcing
Dropshipping products FAQs
Starting a dropshipping business typically costs between $100 to $1,000. This includes setting up your online store, marketing, and initial product purchases for testing.
Validate your dropshipping idea by researching market demand, analyzing competition, and using tools like Google Trends. Ensure there's sufficient interest and profit potential in your chosen niche.
Successful dropshipping categories for 2024 include beauty & personal care, health products, and electronics. These niches offer high demand, good profit margins, and continuous emerging trends.
For more information here is an in-depth article that covers 24 questions about the true cost of dropshipping!
So, there you have it - our top business ideas and dropshipping niches to kickstart your eCommerce journey! We hope you find a startup idea in this list that helps you make money online in 2024. Let us know if you’re selling any of these products or have other ideas for profitable dropshipping products or niches in the comments below.
If you're looking for even more profitable products, be sure to check out SaleHoo Market Insights. It’s your go-to tool for discovering trending items, tracking market data, and connecting with top suppliers. And if you're already selling any of these products or have your own ideas, let us know in the comments below!
I love SALEHOO.
Thank you.
Highly would I recommend this read for anyone wanting to get into an on-line marketing niche.
What are your thoughts of product research tools like EcomXFactor- I've been told by a few dropshippers that this a pretty powerful product research tool.
I've tried Pexda in the past and didn't find it so useful.
top selling
Is green Dropshipping a good Idea and can you please mention the products of the same.