15 Dropshipping Business Ideas That Are Profitable in 2024

In 2024, the global dropshipping market is projected to reach USD 243.42 billion, making it an enticing opportunity for aspiring entrepreneurs and online business owners looking to expand their reach and attract potential customers.

While starting a dropshipping business is relatively simple, turning it into a sustainable and profitable venture can be more challenging than expected. A successful dropshipping business relies on choosing the right products, efficient order fulfilment, and effective marketing strategies.

In this article, we've compiled a list of the best dropshipping business ideas to explore in 2024 to help you get started.

Before we look at the most profitable product, let’s explore the general steps for finding dropshipping business ideas and what to take into account.

1. Research

Market research is your foundation. You can use research tools like Google Trends, AliExpress, and eBay’s "Trending" section to identify top-selling products and profitable niches. Focus on product reviews, ratings, and sales volume to spot opportunities.

You can also get inspiration from the most successful ecommerce stores out there. Usually, finding an excellent dropshipping product isn’t dominated by major brands. It’s small and lightweight, non-seasonable, and, most importantly, retails in the sweet spot of ecommerce.

High-quality products can outperform general ones if you find the right audience. In fact, you could narrow down your niche so far that you can own it. For example, instead of “fitness accessories,” focus on recovery tools for marathon runners. Micro-niches have higher margins because targeted audiences pay more for specialised products. The key is finding a target market that’s small but passionate.

2. Choose Profitable Products with Clear Demand

When selecting products, consider whether you can capitalise on trends quickly before they fade or if you prefer products with repeat buyers. Trending items may offer high sales volume in a short period, but only if you can sell through the inventory quickly. On the safer side, products with consistent demand tend to be more reliable.

You can use tools like SEMrush or Ubersuggest to track relevant keywords and analyse their demand both historically and over time.

Ideally, you want to choose products in demand both in international and local markets. 

3. Know Your Competitors

The last thing you want is to enter a saturated market. So, it would help if you determined how many sellers you’re up against. Look on Amazon or eBay for your product idea, and check the current listings. How many sellers do you come across? 

Look at how many sales this particular item generated and whether or not the market is saturated. You can also use Google to look up your product. See who else is advertising the product and what their pricing is.  

Finding products with low competition can be difficult in today's market. However, if you come across a product with moderate competition, look for areas where you can differentiate—better quality, faster shipping, unique features, different pricing, more personalised customer support, and more. 

4. Figure Out Your Profit Margin

When you have a product idea, you must know how much you can sell your product and your profits. 

We recommend picking products selling between $15 to $200. There are several reasons for this. One is to have an affordable product that allows you to sell at a higher volume. Also, the profit margin you should aim for should be at least 20% to 40%. 

5. Find the Right Dropshipping Supplier

Although you can always change suppliers if issues arise, you should find trustworthy partners from the get-go, as they can affect every aspect of your business. 

Here are some tips to help you get started: 

• Reach out to manufacturers: Contact the manufacturer of the items you want to sell for a list of suppliers they work with. Doing so ensures that you’re working with legitimate suppliers. 
• Go to trade shows: Look for any trade shows related to your niche. They’re an excellent way to meet suppliers and view products in person. 
• Google extensively: Many dropshipping suppliers haven’t mastered marketing yet. Look for different search terms and look past the first page of Google and other search engine results.
• Order from competitors: You can also order products from competitors or other dropshippers. Look for the return address that tells you who their dropshipping supplier is. It’s an excellent opportunity to check for competition and look for prospective suppliers. 

So now that you know the basics, here’s a handy list of the best dropshipping products for aspiring entrepreneurs:

Free-for-use image on Pixabay

Fashion retailers have maintained a strong presence in the ecommerce business. In 2024, the global apparel market is set to reach USD 1.79 trillion, with a projected annual growth rate of 2.65% through 2029.

The broad “fashion” category, however, is overcrowded. Instead of trying to sell everything, focus on specific niches like eco-friendly clothing, plus-size fashion, athleisure, vintage t-shirts, activewear and maternity wear. These subcategories not only cater to specific consumer needs but also face less competition, allowing you to build a loyal customer base.

License-free photo by Alexandra Tran on Unsplash

The global exercise equipment market is expected to generate a revenue of USD 46.7 billion in 2024, with a projected annual growth rate of 6.22% (CAGR) from 2024 to 2028.

Since the available fitness equipment may be somewhat limited, the industry offers the potential for high-profit margins. It’s good to note that selling fitness equipment involves more than simply satisfying demand—it requires a strong focus on quality and safety.

When choosing equipment, prioritise products with recognised safety certifications (such as ASTM or ISO) and durable materials. You can also focus on lightweight and portable fitness equipment, such as yoga mats, yoga blocks, resistance bands, jump ropes, gliding discs, foam rollers, mini stability balls, light dumbbells, ankle weights, and massage balls.

License-free photo by Sebastian Scholz (Nuki) on Unsplash

The consumer electronics market is projected to grow at an annual rate of 2.90% from 2024 to 2029.

You could focus on trending products like wireless earbuds, smart home devices, portable chargers, wireless cameras or fitness trackers. These items are lightweight, compact, and easy to ship, maximising your profit margins.

License-free photo by Dawid Zawiła on Unsplash

The car accessories market is set to grow from USD 526.34 billion in 2024 to USD 807.77 billion by 2031, at a 5.50% CAGR.

Accessories like seat covers, floor mats, custom decals, and car cleaning supplies are in high demand, and the market spans a wide range of vehicle owners, from everyday drivers to car enthusiasts.

To succeed in this niche, it’s important to have a genuine interest in or knowledge of vehicles. Understanding the needs and preferences of your target audience—such as people looking to upgrade their cars—will help you select the right products. 

License-free photo by Dorothe Wouters on Unsplash

The global pet care market is expected to grow from USD 259.37 billion in 2024 to USD 427.75 billion by 2032.

The market encompasses a wide array of products from essentials like collars, leashes, and pet tags to more specialised items such as grooming tools, pet food, apparel, and custom accessories. Within this vast market, key product categories to consider include:

• Food and Treats: Grain-free dog food, freeze-dried cat treats, organic dog biscuits, and special diet cat food.
• Pet Toys: Interactive puzzle toys, catnip-infused toys, and durable chew toys designed to withstand heavy use.
• Leashes and Collars: Reflective leashes, personalised collars, hands-free leashes for active pet owners, and breakaway collars for cats.
• Grooming Products: Deshedding brushes, nail grinders, organic shampoos, and ear cleaning solutions tailored for pets' hygiene.

License-free photo by Anna Oliinyk on Unsplash

Sustainability is on the rise this year and will continue into next year. 

Sustainable products drove nearly a third of the growth in CPGs from 2013 to 2023, with continued market share growth year over year. Eco-friendly products are a top dropshipping niche for environmentally conscious entrepreneurs. You can tap into this demand while aligning your business with your values.

You can focus on specific product categories like:

• Reusable items: stainless steel straws, beeswax wraps, bamboo utensils, reusable water bottles
• Sustainable fashion: clothes made from organic cotton, hemp, or recycled materials.
• Eco-friendly home goods: biodegradable cleaning supplies, energy-efficient lighting, or compostable packaging.

To succeed, look for suppliers with verified eco-certifications (like FSC, Fair Trade, or GOTS) and market your products clearly, highlighting their real environmental benefits. 

License-free photo by Elsa Olofsson on Unsplash

The global beauty & personal care market is projected to generate a revenue of USD 648.40 billion in 2024. 

There's a wide range of options, from skincare essentials like serums, lotions, creams, oils and face masks to makeup tools and hair care products. Categories such as organic skincare, vegan cosmetics, and cruelty-free makeup are especially trendy. 

To succeed in this market, focus on differentiating your brand. This could mean addressing specific concerns like hydration, anti-ageing, or acne. Social media platforms like Instagram and TikTok are key for reaching a wider audience, as beauty influencers can drive purchasing decisions.

Additionally, you can boost your profits by offering product bundles that encourage customers to buy more, like pairing a shampoo with its matching conditioner.

Photo by Angela Bailey on Unsplash 

The global home decor market is expected to be worth USD 133.6 billion in 2024, with 3.89% annual growth, fueled by consumers' desire to personalise their living spaces.

Products like wall art, decorative pillows, and lighting fixtures are in high demand. 

You can differentiate your store by focusing on a specific design such as minimalist, bohemian, Scandinavian, or industrial. Seasonal decor for holidays and events can also help you increase sales. With a focus on both aesthetics and functionality, home decor can be very profitable.

License-free photo by Martin Engel on Unsplash

The smartphone accessories market is projected to reach over USD 139 billion by 2027, driven by the ever-growing reliance on smartphones in today’s digital age. 

Here are some smartphone accessories that you can sell in your dropshipping store:

• Batteries, chargers, power banks
• Headphones and earphones
• Portable speakers
• Screen guards
• Memory cards
• Phone cases

To stand out, highlight product compatibility with the smartphone model.

License-free photo by Florian Olivo on Unsplash

The global video game industry has been a billion-dollar business for years, with the worldwide gaming market projected to generate nearly 455 billion US dollars in 2024. Gamers can be an excellent target audience because many are highly engaged, constantly seeking to enhance their experience and willing to spend on quality upgrades.

Focus on high-demand products like gaming accessories (headsets, controllers, mouse pads) and specialised gear (RGB lighting, gaming chairs). To succeed, stay updated on gaming trends and target specific sub-niches, such as PC or console gaming.

License-free photo by Amina Atar on Unsplash

In 2024 alone, the online jewellery industry is set to reach over USD 76 billion in market value. This niche is expected to expand to up to over 100 billion by 2027. 

Jewelry’s versatility across age groups and genders means you can cater to diverse tastes, from youthful styles to timeless, elegant pieces. 

Focus on high-demand items like custom necklaces, minimalist rings, personalised bracelets, and watches. Don’t forget to explore niche subcategories like eco-friendly or handcrafted jewellery, anniversary jewellery and gemstones. 

Photo by ün LIU on Unsplash

It's not surprising to think that food and drink might not be suitable for dropshipping due to challenges like shelf life, temperature control, and shipping restrictions. 

However, some businesses have successfully dropshipped certain food or beverage items, particularly non-perishable goods. Products like chips, candy, nuts, granola bars, coffee beans, powdered drink mixes, and dried fruits are easy to ship because they have a long shelf life. These items also have strong demand and profit potential.

However, make sure that your target audience is close to the location of your dropshipping supplier to minimise shipping times and costs.

License-free photo by Savannah Wakefield on Unsplash

The global stationery market is expected to grow from USD 151.46 billion in 2023 to USD 213.11 billion by 2030. It is a versatile and evergreen niche for dropshipping. You can offer a wide range of products such as notebooks, planners, pens, office supplies, and desk organisers. 

To stand out, consider targeting niche subcategories like bullet journaling, calligraphy supplies, eco-friendly notebooks, luxury pens, or educational stationery, which can attract a dedicated audience. Additionally, seasonal demand spikes—like back-to-school or holiday shopping—present opportunities for increased sales.

License-free photo by Vanessa Bucceri on Unsplash

The global toys & games market is expected to generate USD 129.5 billion in revenue in 2024, with a projected annual growth rate of 2.49% until 2028.

This market is driven by steady demand from both parents seeking educational toys and collectors looking for unique items. 

Market trends from 2018 to 2028 show consistent growth across categories such as action figures, board games, card games, construction sets, dolls and stuffed toys, plastic toys, puzzles, and toddler/kids' toys. With seasonal demand spikes during holidays and birthdays, ensuring timely delivery and excellent customer service will help you build a loyal customer base.

License-free photo by Kat van der Linden on Unsplash

The global baby products market is expected to grow at a CAGR of 5.9% from 2024 to 2030. Parents are often willing to pay a premium for high-quality products that ensure their child's safety and well-being in the early years.

To succeed, it’s crucial to offer products that meet stringent safety standards and carry certifications such as the Children's Product Certificate (CPC) in the US or the British Safety Standard for cribs and cots in the UK. Strollers, though popular, require extra caution as they can pose significant risks if safety guidelines are not met. 

That said, you can aim for items that are smaller in size and easier to assess for safety compared to larger gear, such as baby clothing or blankets made with hypoallergenic fabrics, BPA-free pacifier clips and feeding accessories, diaper backpacks, no-touch forehead thermometers, baby sun hats, and stroller fans. 

So there you have it—the most profitable dropshipping business ideas this year. As you look up your competitors, analyse the market, and choose profitable products for your dropshipping business, it’s essential to keep in mind that managing your finances effectively is also key to success. One of the first steps is to separate personal and business finances.

For businesses looking to simplify international payments, Statrys offers a multi-currency account for companies registered in Hong Kong, Singapore, and the BVI. With Statrys, you can easily pay suppliers and receive payments across borders in 11 major currencies. You’ll have the flexibility to hold and convert currencies when the rate is favourable, with FX options available to help mitigate the impact of currency fluctuations.

If you haven’t set up your company yet, Statrys also offers company formation services in Hong Kong and Singapore, both known for their favorable tax environments, perfect for scaling your dropshipping business.

You can have both your company and business account set up in about 5 days.

Here’s a breakdown of Statrys business account: