When most people think about dropshipping stores, they think of general stores selling trending products from AliExpress comprised of low-quality inferior products. Sure, this is often true. However, the best stores know this strategy is unsustainable.
Below are some of the most profitable dropshipping stores that know how to do dropshipping the right way. Not only do they look like professional e-commerce brands as opposed to dropshipping stores, but their profit margins are far higher than what you’re used to.
We all start a dropshipping business for one reason, we want to make money! I enjoy the process of dropshipping but making money is by far the part I enjoy the most. If it wasn’t I would sell my products at cost price and make nothing. No Thanks!!
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Take note of each store below, as you’ll likely learn a lot, no matter your experience level.
List of the Most Profitable Dropshipping Stores
In this section, I’ll go over 3 examples of stores that have been able to make high profits with their products. These are stores that I have come across that have large markups on their prices compared to their cost price.
Burga sells cases and accessories for phones and laptops. This store has done a great job in finding the most profitable dropshipping products by charging high prices for a product that is extremely cheap to buy wholesale.
They are charging $35.95 for a phone case and they’re receiving around a million monthly visitors so I’m sure they’re very profitable. I’m not sure if they’re doing print-on-demand or ordering from China and fulfilling their orders from multiple worldwide warehouses, either way, they have high profit margins.
According to Alibaba, you can purchase phone cases in large quantities for around $1.50 each. They have a special deal when you buy 2 cases you get 2 free which I’m guessing most people would take that offer as it means you receive free shipping and you get a bonus 2 phone cases.
This is a smart move by Burga as it’s a compelling offer to the customer and an even more profitable deal for them. Offering special deals such as this is a great way to bump up that AOV (Average order value) and maximize profits.
If you want to see a store that knows how to find the most profitable dropshipping products, check out this store. Warmly has created a store with a luxury feel and they charge luxury prices. For more info on dropshipping luxury items, I suggest you read my article on How to Dropship Luxury Products the Right Way!
They appear to be dropshipping from China as they’re transparent about their shipping times and location on their website. The same products on their website can also be found on Alibaba.
An example of their prices is this wall lamp they charge $189.95 and on Alibaba, the same lamp is listed for $5 if you order a large enough quantity.
Don’t forget this store will have other expenses including advertising, custom packaging, and shipping and they are most likely working with an agent in China to take care of most of their tasks. Even with these costs, their margins will be extremely high.
People are willing to pay these prices because they brand their stores in such a way that the perceived value of their products is much higher.
Their shipping times are 3 to 5 weeks which most people would assume would scare most customers off. Obviously, this is not ideal, however, because these products appear to be the more high-end exclusive products, people are willing to wait longer. Specialized products are worth the wait.
Blendjet is one of the more well-known e-commerce stores online. Whilst they have now transitioned from dropshipping into wholesale, they are worth taking note of. Most profitable dropshipping stores follow a similar strategy which is why Blendjet is worth taking note of.
Blendjet has become one of the most successful and profitable one-product stores online. In fact, their portable blender can now be found in many brick-and-mortar stores. This really shows the power of branding and the potential of dropshipping.
When purchased in bulk, portable blenders can be purchased for between USD $2 and USD $3 each on Alibaba. Blendjet often charges USD $60 and above for their model of blender which leaves a very lucrative profit margin.
Blendjet has without a doubt become one of the most profitable dropshipping stores and should provide the inspiration you need to start your own dropshipping business.
4. Indestructible Shoes
I don’t normally recommend dropshipping apparel as you can deal with a lot of returns and refunds but I think that may be worth it for this store. They are selling tough shoes that can handle punishment.
They sell most of their shoes for $89 and the same shoes are available on Alibaba for around $7 depending on the quantity you purchase.
$89 for a pair of shoes is a reasonable price which makes me think their conversion rate is high. Their website looks professional and they have a video ad on their home page which does a lot of the selling for them.
If you own one of the above businesses, sorry for throwing you under the bus and disclosing your profitable business model. For a list of the richest Shopify stores and how much money they make check out this article.
Why are the Above Dropshipping Stores Profitable?
All right, now that we’ve established that these dropshipping stores are highly profitable, your next query might naturally be, ‘What makes them so profitable?’ Below, we’ll explore a list of common factors shared by these stores, shedding light on the key reasons behind their remarkable success.
- Unique Product Design: Each dropshipping store has a unique product design that appeals to consumers.
- Product Quality: Unlike many dropshipping stores, these profitable stores emphasize product quality and durability.
- Marketing and Branding: Each store invests in effective marketing and branding strategies. Their social media presence, influencer marketing, and user-generated content helped create a strong brand identity.
- Targeted Marketing: They identify their target audience well, focusing and tailoring their marketing efforts to reach this specific demographic effectively.
- User-Friendly Website: Each website is user-friendly and optimized for conversions. They provide clear product information, customer reviews, and a seamless shopping experience.
- Customer Engagement: The stores actively engage with customers on social media platforms, addressing inquiries, providing recipes, and sharing user-generated content.
- Global Reach: Each store doesn’t only target the US, they expand their reach internationally, tapping into a global market.
- Customer Reviews and Testimonials: Positive reviews and testimonials from satisfied customers served as social proof, instilling confidence in potential buyers.