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The 12 Best Dropshipping Business Ideas to Earn Money Easily in 2023



Best Dropshipping Business Idea

In this blog post, you will get the latest Dropshipping Business Ideas to Earn Money Easily in 2023.

Have you ever thought about earning extra money and living more comfortably by doing some business online? If yes, this article is for you. Because here, we will give you the 12 best dropshipping business ideas to earn money easily.

If you are a new entrepreneur, you must have wondered how you can make more money on the side. While there are multiple profitable business models suitable for this purpose, one of the most profitable among them is dropshipping.

It’s the main reason why many new entrepreneurs today prefer this business model over others. Now, it’s true that setting up a dropshipping business costs money. But, you have to remember that it is also less risky and pretty simple as you are not stocking items or fulfilling any orders yourself.

However, there’s a little catch; although it is quite easy to set up a dropshipping business, the hard part is picking the correct products that customers would actually want to buy. That’s why we have curated the 12 best dropshipping business ideas to earn money easily. If you want to start your side hustle without further ado, read on.

Things to consider before opting for a dropshipping business

Despite the fact that dropshipping doesn’t involve many risks, there are a few things that you must assess before running with an idea. Doing so would not only lower the risks even more but also help your business stand out and maximize your monetary gains. Here are some of those things:

  • Determine the demand

Let’s get this straight; no matter how good the product is, it won’t sell if there is no demand for it. So, before choosing a dropshipping idea, do some research using online tools like Google Trends. Watch closely whether the item you’re planning to sell is popular among people or not. Also, check out what keywords are experiencing an upward trend.

In case you have two business ideas and are puzzled about which one to opt for, utilize the comparison tool to see what is more in demand. It will not only help you make the right decision but also make sure that go the more moneymaking route.

  • Watch out for the competition

If you choose a popular business idea that everybody else is already doing, you’d have more competition. So, you are more likely to struggle to make a name for yourself there. Then again, eyeing a niche that has no competition usually means that it could be hard to find potential buyers. That’s why you need to have a balanced approach and a good marketing strategy.

Correctly evaluating the demand and the competition level can help you take the necessary measures to elevate your business. For example, low competition requires building reputation and customer loyalty by ensuring quality over quality to stand out. On the other hand, high competition demands defining your USP beforehand and doing heavy marketing around it.

  • Study your target market

Choosing a dropshipping niche out of the blue and hoping it would click with the audience is a bad strategy. Thus, you have to survey your target audience to see if they would purchase the items, how much they are willing to pay, etc. However, this process may not turn out to be as intended because of two major reasons.

First, it is hard receiving genuine opinions from people when something doesn’t affect them directly. And second, small businessmen/women often run market research within their known circle where everyone is positive so that they don’t disappoint a new entrepreneur.

Hence, if you wish to tackle these problems, you have to be as upfront as possible while asking questions. Honesty usually attracts honesty; so chances are that your audience would be honest with you too and help you determine your route.

  • Find reliable dropshipping suppliers 

Dropshipping suppliers are a significant part of your business as they are the parties responsible for manufacturing, packing, and delivery. So, it’s a no-brainer that finding a trustworthy supplier is crucial to run a dropshipping business. Since your customers know you and not your supplying partner, all their complaints will be directed toward you. If your supplier messes up the orders, it would harm your brand reputation.

Therefore, before starting your collaboration, be straightforward and ask your supplier about things like their minimum order quantity, customer reviews, etc. Doing so would help you avoid some undesirable situations later.

  • Figure out your profit margin 

Before taking any decisive step regarding your dropshipping idea, roughly calculate what your profit margin will be on each order. An ideal business that something where you source items at low costs and resale them at a much higher, i.e., profitable rate. Determine how much money you will have after purchasing an item from your supplier and paying various fees. If boosting your profit margin is your main objective, there are two ways to achieve that.

The easiest way is to purchase the cheapest available product and resell it at the highest possible price. However, it is also the riskiest method and you should be cautious before going this route. As you are buying a cheap product and selling as many of it as possible, you are surely compromising on the quality. So, it is difficult building a brand name this way.

The other way is to temporarily compromise a bit with the profit margin and focus on brand-building. Once you make yourself a reputed brand that always maintains its quality, customers will be ready to pay premiums and boost your profits manifold. If you have a long-term vision, this is the ideal path to walk on.

List of the top dropshipping business ideas for 2023

Now that you know a few important things to keep in mind before going for a specific niche, it would be easier for you to determine what’s right for your growth. Let us now see the best dropshipping business ideas to earn money easily.

1. Beauty and skin care 

Best Dropshipping Business Ideas to Earn Money Easily

The beauty and skincare market is witnessing constant growth today. Experts have predicted that the value of this market would become worth 679.79 billion USD by the year 2025. People are spending way more money on looking their best than before. Thus, collaborating with a dropshipping supplier, sourcing beauty and skin care products, and selling them at a higher price via your e-store is a great business idea.

Popular items in this industry include lip balms, sunscreens, concealers, foundations, moisturizers, and so on. One thing is for certain, if you manage to capitalize on this opportunity now, this could become one of the most profitable decisions you have ever made.

2. Clothing and accessories

Best Dropshipping Business Idea to Earn Money Easily

Clothing and accessories are a niche that never goes out of demand. People need something to wear, right? Interestingly, during the COVID-19 pandemic, lots of people started searching for “athleisure.”

At present, the global apparel market ranks among the largest markets today. It has a value of 1.5 trillion USD. For your info, fashion items also come under the clothing and accessories category, giving you ample scope of experimenting with products and earning lots of money.

Besides the typical demand, many trends on platforms like Instagram or TikTok have often given rise to increasing demand for a particular type of clothing or fashion accessories. So, keeping an eye out for what’s trending out there can give you a golden opportunity to source and sell trendy items at a much higher price.

Popular products in this niche include T-shirts, hats, hoodies, swimsuits, sports bras, handbags, sunglasses, belts, etc.

3. Books

Books are a huge part of our lives. And believe it or not, people still read paperbacks or hardcovers even though many people have shifted to ebooks. In fact, a huge percentage of the world population still prefers print books over other book types. That’s the reason why reselling books can be one of the best dropshipping business ideas to earn money easily.

Nonetheless, instead of dropshipping all kinds of books under the sun, try finding a specific type and specializing in it. For instance, let’s talk about academic books. Customers spend around 339 USD/year on average for academic material, especially higher education books.

Apart from academic books, other profitable types of books to dropship are fiction, non-fiction, autobiographies, self-help, pre-school picture books, language learning books, etc.

4. Car Accessories

There is a good market for car accessories out there with over 65 million cars being sold each year worldwide. That is a huge number, to be honest. And it’s a fact that these car buyers want their driving experience to be comfortable and interesting. So, there is an ever-increasing demand for car accessories.

If you want to get an idea of which car accessories to source, go to social media platforms and run a search using the keyword “car accessories”. There you will find millions of posts and videos informing others about cool car accessories people have found online. This will help you understand what accessories are trending at the moment. Utilize those ideas while sourcing items for your dropshipping business.

Popular car accessories include cup holders, air fresheners, neck pillows, wiper blades, car cleaning kits, and more.

5. Furniture

Furniture ranks very high among the best dropshipping business ideas to earn money easily. Reports show that the number of people searching for “home office chairs” on Google saw a massive surge at the beginning of the COVID-19 outbreak. And interestingly, it still remains that way.

In case you were unaware, an average hybrid queen-size mattress currently sells at 2,050 USD. So, it is evident that items usually have a high price rate and a great scope for profits.

One issue that arises while drop shipping furniture is that customers are often buying items without seeing them. You can solve it by providing your customers with photos of the item taken from multiple angles, previous customer reviews, size charts, etc. Doing so gives your customers a rough idea of what they are purchasing and earns you their trust.

Some furniture products to dropship are rugs, mirrors, dining chairs, home office chairs, desks, lamps, etc.

6. Electronics

Electronic items have made life easier. So, in today’s world, it’s almost impossible to live without these items. Statistics show that people spent 376 billion+ USD per year on electronics worldwide. There is a huge demand for products like smartphones and PCs in the market today. Thus, you would have no trouble finding electronic suppliers who would be ready to join forces with your dropship platform.

While this industry is a highly regulated one, reputed suppliers should have no problem providing a Portable Appliance Test (PAT) certificate, ensuring rigorous testing and adherence to the safety guidelines.

When opting for the electronics niche, there are a plethora of profitable items you can source. These include smartphones, computers, printers, chargers, earphones, memory cards, cameras, and so on.

7. Pet products

Pet-related items can be a good, moneymaking route to go for, as currently, the global pet industry has a value of 280 billion USD. Besides that, experts have predicted that this market will witness over 7% CAGR by 2032.

It is clearly perceptible that the pet industry has a nice profitable prospect for you to grab. Therefore, sourcing pet products would be a wise idea. For instance, dog owners around the world spend around 81 USD/year on average, buying supplements.

So, you should start dropshipping dog supplements. Besides that, you should source bird seeds, leashes, cat litter boxes, grass patches, pet ID tags, etc., too to fully capitalize on this opportunity.

8. Arts

Every year, online stores experience sales of 13.3 billion+ USD in the art category. In fact, in 2021, the art market saw a nice annual growth of 7.3%. No matter your expertise and level of understanding in this field, you can easily dropship art products, even fine arts.

People who value art and have a deep understanding of those pieces will be ready to pay thousands of dollars for each of them. Besides that, there are handcrafted drawings that have a good market too.

Under this category, you can dropship prints, 3D statues, wall decor, art pencils, coloring books, and many more.

9. Kayaking and Stand Up Paddleboarding

Believe it or not, the kayaking and SUP industry has a great opportunity to make profits today. According to EIN Presswire, the kayaking market will continue its growth and reach a value of 105.37 million USD by 2025. At the same time, Adroit Market Research has predicted that the Stand Up Paddleboarding (SUP) market value will witness a 112 million USD growth by the year 2028.

Factors like disposable income and awareness of the benefits these two watersports provide have contributed to their increasing popularity. So, if you capitalize on the opportunity and start dropshipping kayaking and SUP-related products, you can profit a lot.

Start by dropshipping items like kayaking and SUP boards, booties, wetsuits, dry bags, etc.

10. Leather goods

People’s interest in buying high-quality and durable products has seen a rejuvenation in recent years. And speaking of high-quality, durable items, leather goods like belts, shoes, bags, etc., have always acquired a high ranking. Experts have predicted the global leather goods market to be valued at 624.08 million USD.

Under this category, there is the subcategory of luxury leather goods that also has a great market. According to Statista, the luxury leather market value will become 88.94 billion USD by 2027. Today, over 20% of all the sales in this category happen online. The top guns in this field are Louis Vuitton, Kering, Hermes, etc.

As you might already know, leather is a natural product. Therefore, purchasing a leather item is not enough. To make sure it stays in top-notch condition for a long time, proper care is crucial.

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Hence, besides selling leather goods, such as jackets, belts, shoes, wallets, bags, etc., it would be a wise idea to sell accessories like soft brushes, gentle leather cleaners, leather conditioners, etc., as well.

11. Gaming

As gaming experiences keep reaching new heights, the global gaming industry keeps growing too. Presently, there are about 3.09 billion gamers worldwide. That is about 40% of the entire world population. From smartphones to PCs to consoles, there are many options to opt for. Mordor Intelligence reported that the gaming industry could reach a value of 339.95 billion USD by 2027 at an 8.94% CAGR.

In this niche, you may dropship items like gaming chairs, gaming desks, headsets, mechanical keyboards, and more.

12. Traveling

The COVID-19 pandemic became a hindrance to the paths of those who love to travel. Especially, the lockdowns and restrictions forced globetrotters to stay at their homes. Now, after COVID, the world is ready to become normal again. Travelers are gearing up to experience what they have missed for the past two years.

So, it is a great time to dropship travel-related items to maximize profits. These include backpacks, luggage, baby travel bags, packing organizers, wireless power banks, etc.

Conclusion of The Best Dropshipping Business Ideas

Conclusion of The Best Dropshipping Business Idea

Now that you know these 12 best dropshipping business ideas to earn money easily, don’t wait any longer. Start your dropshipping side hustle today and make lots of extra cash. Nothing is stopping you if you play your cards right. Good luck!

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Hi, I am Indrajit Das. A freelance content writer from Kolkata, India, who has written for many popular websites and is passionate about the art of content writing. When not writing, one might find him turning the pages and voraciously devouring one of his favorite books.

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