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Ideal gross profit margin for dropshipping shoes?

Asked a year ago

Hello. Anyone have benchmark info when it comes to gross profit margins on shoes, particularly running and hiking shoes? On average it's costing about $50-75 to fulfill an order (depending on the product purchased) and the sale prices range from $80-110. I've only been in business for a year and I'm quite anxious to see what the end of year reports will look like. I think I may need to raise prices?

Jolina Regin

Friday, February 17, 2023

The average profit margin for running shoes is 20%. However, the profit margins depend on how well you know the business. The demographic, and economic concerns you're selling to also affect the profit margin.

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