In this article, we take a look at the 5 high margin products to sell online. For more such products, go to the 12 High Margin Products to Sell Online.
5. Sunglasses
Average Profit Margin: 50%
The global market for the sunglasses industry is expected to grow at a CAGR of 6.1% from 2022 to 2030, reaching $48.1 billion by the end of the forecast period. Sunglasses are almost always in demand, considering people need them out in the sun. It’s easy to stock up and sell, boasts lots of design choices, and sellers can even raise their margins depending on their suppliers.
Sellers can make an average net profit margin of 50%, while generic glasses can make as much as 100%. The demand for these sunglasses is exhibiting a rise due to the strong market for modern lifestyle accessories. These products help customers create a personalized style statement and help protect from UV rays too. Luxoticca is an Italian manufacturer that holds 70% of all designer brands, such as Ray-Ban, Oakley, Burberry, and Chanel, to name a few.
4. Vegetable Choppers
Average Profit Margin: 65%
Kitchen is a popular category in the e-commerce market. Specifically, one product making huge rounds in this category with an average profit margin of 65% is vegetable choppers. Future Market Insights reports that the global market for commercial vegetable choppers will grow at a CAGR of 3.5% from 2023 to 2033. Sales are expected to boom from $251.74 million to $355.1 million by 2033.
Thanks to their simple use and time-saving capabilities, vegetable choppers are becoming a staple in households. Cafes, supermarkets, restaurants, and even households use this product to make tasks easier. Today’s fast-paced world needs kitchen staples like these to speed up work in the kitchen.
3. Car Covers
Average Profit Margin: 68%
Another high-margin product to profit from is covers. Covers have an average profit margin of 68%, according to AMZ Scout. These covers help keep your cars clean despite all kinds of weather. They are lightweight, can easily be folded, and can easily be shipped whilst keeping costs low.
The market value for car covers was $798.6 billion in 2022, growing at a CAGR of 2.5% during the forecast period. Future Market Insights predicts that this market value will reach $1 trillion by 2032. This demand is proportionate to the growing demand for cars around the world.
2. Wireless Earbuds
Average Profit Margin: 76%
The trend toward health and fitness has increased the demand for wireless earbuds. Thanks to their hassle-free design, wireless earbuds have the capability to provide a smooth listening experience to their users. Regular exercisers and other audiences use these products while going about their tasks. AMZ Scout reports an average profit margin of 76% on wireless earbuds.
There are plenty of manufacturers selling wireless earbuds. To profit from this category, sellers can create private-label products or sell them under a brand name. Allied Market Research notes that the total market value for wireless headphones was $42.7 billion in 2021 and is forecasted to reach $156.5 billion by 2031 at a CAGR of 14.4%.
1. Watch Accessories
Average Profit Margin: 80%
Another popular high-margin product to keep a lookout for is watch accessories. Popular throughout the year, Statista notes that revenues in the accessories-market amounted to $551.10 billion in 2023. It is expected to grow annually at a CAGR of 4.24% from 2023-2026. Out of this market, 33.1% of the total revenue is expected to be generated through online sales.
Watch bands, bracelets, and similar accessories can generate as much as 80% margins from sales. Popular watch bands include Apple’s black sport band and the Milanese loop. These bands are fairly cheap to make but are sold at high markups. For instance, one technology firm reports that Apple’s entry-level sports band costs only $2.05 to make, excluding packaging and shipping. However, it retails for $49.
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