5 Most Profitable Products to Sell Online in 2023

3. Watch Accessories

Average Profit Margin: 80%

The watches segment is set to generate a revenue of $75.75bn in 2023, with a projected annual growth rate of 4.44% from 2023 to 2026. This upward trend translates to per capita revenues of US$9.86 in 2023. Non-Luxury goods are expected to account for 60% of the segment’s sales by 2023. This market segment has also created a highly profitable opportunity for businesses as the demand for products such as watch bands, straps, and cases continues to increase.