In this article, we will take a look at 5 low cost products with high profit margins to sell online. If you want to read our detailed analysis, you can go directly to 15 Low Cost Products With High Profit Margins To Sell Online.
5. Phone Accessories
Compound Annual Growth Rate (2023-2030): 6.8%
Industry Net Margins (2022): 3.82%
Number of Mentions: 4
Phone accessories, especially power banks, cables, and headphones are some of the most prominent low cost products with high margins to sell online. The consumer electronics industry reported an average industry net margin of 3.82% in 2022. According to a report by Grandview Research, the global mobile accessories market was valued at $88.07 billion in 2022 and is expected to grow to $148.81 billion by 2030 at a compound annual growth rate (CAGR) of 6.8%.
4. Fitness Equipment
Compound Annual Growth Rate (2023-2030): 5.3%
Industry Net Margins (2022): 4.98%
Number of Mentions: 4
According to our methodology, fitness equipment consisting of stationary cycles, elliptical trainers, wearable devices, and fitness apps are among the low cost products with high margins to sell online. We have included fitness equipment products in the recreation sector, after research. According to a report by Grandview Research, the global fitness equipment market was valued at $16.04 billion in 2022 and is expected to grow to $24.93 billion by 2030 at a compound annual growth rate (CAGR) of 5.3%.
3. Women’s Apparel
Compound Annual Growth Rate (2023-2028): 3.5%
Industry Net Margins (2022): 8.05%
Number of Mentions: 4
With an industry net margin of 8.05%, the women’s apparel industry accounts for some of the most profitable products to sell online. Cargo pants, indo-western items, and beanies have been gaining considerable traction online. According to a report by IMARC, the global women’s apparel market was valued at $965.3 billion in 2022, and is expected to grow to $1.21 trillion by 2028 at a compound annual growth rate (CAGR) of 3.5%. The apparel industry reported a net margin of 8.05% in 2022.
2. Jewelry
Compound Annual Growth Rate (2023-2030): 4.6%
Industry Net Margins (2022): 8.05%
Number of Mentions: 4
Jewelry ranks among the best low cost products with high margins to sell online. We categorized jewelry products under the apparel industry, reporting an industry net margin of 8.05% in 2022. According to a report by Grandview Research, the global jewelry market was valued at $340.69 billion in 2022 and is expected to grow to $482.22 billion by 2030 at a compound annual growth rate (CAGR) of 4.6%. Rings are considered to be the most popular segment, with a market share of 33.7% in 2022.
1. Scented Candles
Compound Annual Growth Rate (2023-2030): 4.1%
Industry Net Margins (2022): 10.13%
Number of Mentions: 4
According to our methodology, scented candles are one of the low cost products with high profit margins you can sell online. We categorized scented candles under the household products industry. According to a report by Grandview Research, the scented candles market was valued at $556 million in 2022 and is expected to grow to $764.2 million by 2030 at a compound annual growth rate (CAGR) of 4.1%. Most popular scented candles include floral, fruity, herbal, and seasonal products.
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