Do you ever wonder how people can make so much money on the Internet? From what I can see, all they do is sell simple things at high prices. But there’s a lot more to it than what you can see.
Over the past few years, ecommerce has changed many industries, especially during the most important years of the pandemic. It was a death blow to a lot of businesses, but eCommerce didn’t give up and did well.
There are several reasons why the move from traditional brick-and-mortar stores to digital storefronts has been so successful. But the best ones have low capital needs, high margins, and the ability to grow.
If you feel like your cubicle is getting smaller and smaller every day or if the thought of another 9-to-5 job makes you feel sick, it might be time for a change. And what better way is there than to start your own online store?
But how should you run your business?
Dropshipping has been a leader in the eCommerce boom, and it doesn’t look like it will slow down any time soon. But, like all good ideas, dropshipping can sometimes feel like it’s been done to death. Unless, of course, you go outside your comfort zone and try something new.
One way that is taking the eCommerce world by storm is high-ticket dropshipping.
Curious?
Sit down and get ready to make some cash.
What does “High Ticket Dropshipping” mean?
Dropshipping lets sellers sell a lot of low-priced items without having to keep them in stock. It’s a good business that’s easy to get into because it doesn’t require much to get started.
Dropshipping low-ticket items is a great way to run a business if you don’t have much or any money to put into inventory.
Dropshipping items with high prices is a little different. As the name suggests, it means selling expensive things to make more money. It’s important to note that this niche is about selling high-end, high-quality products, not just expensive ones.
What’s the difference between High Ticket Dropshipping and Low Ticket Dropshipping?
The main difference is that you sell expensive things.
The low-ticket dropshipping model is based on impulse purchases that cost between $15 and $50. Low-priced products are things like T-shirts, phone cases, and chocolate.
On the other hand, high-ticket dropshipping items can cost between $500 and $5,000. A few examples are motorbikes, electric cars, and machinery used in factories.
Since profit margins are measured in percentages, the higher the price, the higher the margin.
Say, for example, you’re selling something for $100. If your profit margin is 20%, you’ll make $20 from each sale. But if you sell something for $1,000, you’ll make $200 from each sale.
The phrase “high ticket” is, of course, relative. In one field, something that costs a lot of money might not be seen as expensive in another.
For example, a piece of jewelry that costs $500 is a high ticket item, but a piece of machinery that costs the same amount is not. It depends on what’s going on.
How does a business with high-ticket dropshipping work?
Starting a high ticket dropshipping business is similar to starting a low ticket dropshipping business, with a few key differences.
- Find a niche that sells expensive things and build a store around it.
- Find a dropshipping company that sells expensive items.
- Make good listings for your products.
- Use paid advertising to get people to buy things from your website.
- Make sales and tell your supplier what you want.
- Customer service and order fulfillment.
- We will explain these steps in more detail so that you can easily set up a dropshipping store that sells enough high-ticket items.
What are the best niches for a dropshipping business that sells expensive items?
This business is good for certain niches. They usually have expensive products and customers with a lot of money. Other things that make a niche good for this business are low brand loyalty, high perceived value, and a wide range of products.
Some examples of high-priced niches and products to sell in those niches are:
- Furniture
- Home Improvement
- Parts and gear for cars
- Commercial Appliances
- Transport for oneself
- Products and supplies for health care
- Things for pets
- Products for outdoors
How to Find Dropshipping Products with High Prices:
Now that we’ve answered the question, “What is high ticket dropshipping?”It’s time to move on and look for high-priced items.
Here are a few ways to find high-priced dropshipping items to sell:
Find out about your competitors.
You can learn a lot about what sells well in your niche by looking at what your competitors are selling. If they’re selling expensive items, there’s probably a market for them.
You can use a tool like EcomHunt to find the products that your competitors are selling.
EcomHunt is a tool for analyzing the competition that lets you do research on products. It shows you what high-priced dropshipping items your competitors sell, how much they usually cost, and more.
Just type in the URL of your competitor, and you’ll see a list of their products with prices.
You can also use this method to find dropshipping suppliers for high-ticket items. If a competitor of yours is selling a product, they probably get it from a supplier.
If you want to sell the items on your website, you can talk to your supplier about the possibility of stocking them.
This article will show us a few more ways to connect with suppliers.
Social media is a great way to find out what people in your niche are talking about. Look for posts that talk about products, especially ones that have a lot of likes, comments, and shares.
You can also look at popular products on social shopping sites like Wanelo and The Hunt.
Pinterest is also a great place to look for high-priced items to sell. Look up a keyword that has something to do with your niche and see what comes up. Figure out now if you can dropship these items.
Use Google Trends
Just type in a keyword related to your niche to use Google Trends. You’ll see a chart that shows how many times that keyword has been looked up.
Google Trends is a tool that shows you how often people search for certain keywords. It is a good way to find out if people are interested in a product.
Google Trends can also be used to compare how often two or more keywords show up. Just type in more than one keyword, and a line graph will show how they compare.
It’s a good way to find things because you can quickly see which ones are getting the most attention online.
Look at what’s popular and what people do for fun.
You can also look at what’s popular and what people like to do to find a high-ticket item.
What do people have to say? What do they do when they have free time?
This information can be found by reading news articles, watching YouTube videos, and looking through forums.
Just pay attention to what’s getting a lot of attention, and you’ll get a good idea of what they care about. Look at what’s selling well on Amazon and see if you can dropship similar items.
Conditions to Meet Before Selling High-Priced Items
Before you can sell a high-ticket item, you have to meet a few requirements. If you want to be successful, you need to do these things.
Sell only good products.
Would you like to buy a piece of particle board furniture for $500? We didn’t believe that.
When selling expensive items, it’s important to keep an eye on how good they are. Since your customers pay a lot for your goods, they expect them to be of a certain quality.
If your products aren’t good, you’ll lose customers quickly, which will hurt your sales.
Yes, it can be tempting to take short-cuts at the beginning, but in the long run, it’s not worth it. Keeping the quality high makes it easier to sell high-priced items, which helps boost sales.
Use first-class shipping
What’s the point of dropshipping products with high prices if they take months to get to the customer? Not a lot.
When you’re trying to sell high-priced items, you can’t skimp on shipping. Your customers expect to get their items quickly and in great shape.
You must work with a reliable shipping company to make sure this happens. They should always be able to get your goods to you on time and safely.
Check out your dropshipping vendors:
It goes without saying that your customer wants a high-quality product that is not broken or damaged.
You can only do it if you work with a reliable supplier. Before you start working with a supplier, take the time to check them out.
Check their reviews, see how long they’ve been in business, and make sure they have a good name. It’s also important to make sure that communication is easy and that the refund policy is clear. It will keep your sales from going to rock bottom.
What do trusted high-ticket dropshipping suppliers have in common?
Your business would not be able to run without the dropshipping suppliers. You wouldn’t be able to sell anything without them.
Since dropshipping is a way to fulfill orders, your suppliers will store your products, package them, and send them out. All you have to do is make sales.
This is why it’s so important to find reliable dropshipping suppliers for high-ticket items. But what makes a provider trustworthy? Let’s take a look.
A Proven Track Record:
Your website or online store is only as good as the products and services you sell. If they make mistakes all the time, it will look bad on you.
Because of this, you should only work with suppliers who have done well in the past. They should have a lot of experience, happy customers, and good reviews.
Good at talking to people:
In any business relationship, it’s important to talk to each other well. But when you work with dropshipping suppliers, it’s a must.
Since they will be dropshipping expensive items, you should be able to talk to them easily.
Try to keep language barriers from getting in the way.
It’s also important that you can get in touch with the supplier when you need to.
A Quality Control Process That Stands Out:
When you sell expensive items, you can’t sell something that isn’t good enough.
It could cost you a lot of money and hurt your reputation. Your website needs a high-ticket dropshipping provider that keeps high quality assurance standards.
They should also have a strict return policy for expensive items that don’t meet expectations.
Price competition:
You want to make money from the things you sell, of course. But you don’t want to charge too much, either.
The best supplier to work with is one that gives fair prices. They should be able to give you a fair price without lowering the quality.
A Wide Range of Products:
It’s always good to have options, no matter what business you’re in.
When dropshipping expensive items, you want to have a lot of options to choose from.
It lets you meet the different needs and wants of your customers. For example, if you sell paddle boards, you might also want to sell SUP accessories like paddles, leashes, and life jackets.
How to Find the Right Supplier for Dropshipping?
Now that you know what to look for in a supplier, it’s time to start looking.
Use these tools to find the right high-ticket dropshipping supplier for your niche.
Lists of websites:
One of the best places to find a high-ticket dropshipping supplier is in an online directory. These are websites that put together a list of dropshipping suppliers.
You can use them to find a vendor who sells the products you want.
Business fairs:
Trade shows are big events with a lot of people. If you’ve ever been to one, you’ll know what I mean.
Quite a few of these people are dropshipping suppliers. You can talk to them in person and get a feel for their business, which makes it a great place to find high-ticket dropshipping suppliers.
Websites that sell things:
If you want to find a high-ticket dropshipping supplier, you can also use sites like Alibaba and AliExpress.
They have thousands of suppliers all in one place, so you’re sure to find one that sells the products you want.
The best high-ticket dropshippers of 2023
There are a lot of dropshipping suppliers for high-ticket items. But not all of them have the same quality and level of service.
We’ve put together a list of the most popular high-ticket dropshipping suppliers of 2023 to help you get started.
Spocket:
Do you want to find high-quality dropshipping suppliers in the US and Europe quickly and easily? Spocket is what you need.
Spocket is an online directory of dropshipping suppliers from all over the world. You can use their search function to find suppliers that sell the products you want.
Spocket has both free and paid plans, so choose the one that works best for you.
AliExpress:
AliExpress is a great place to look if you want to grow your dropshipping business.
It is one of the largest online shops in the world. Almost any product you can think of has a dropshipping supplier.
The best thing about AliExpress is that most items can be shipped for free. Another good thing about AliExpress is how easy it is to talk to other people. Through the AliExpress website, you can talk to suppliers directly.
AliExpress also has a huge number of products, which makes it easy to find high-priced items to sell.
Alibaba:
Alibaba is a huge online market with millions of products, just like AliExpress. You can find dropshipping suppliers for almost any high-priced item you want to sell.
The website is easy to use and gives you many ways to get in touch with it. Reading the supplier’s company profile can also give you an idea of what they do.
The low-price option is a good thing about using Alibaba. You can find high-priced, high-quality items for a fraction of what they would cost elsewhere.
But we suggest you talk to the supplier before you place an order to make sure they’re trustworthy.
When you use Alibaba, you only have to pay for shipping and the price of the items.
BigBuy:
BigBuy is a Spanish dropshipping company that sells items in many different categories, such as electronics, clothing, and home and garden.
One reason to use BigBuy is because of the low prices. You can find high-quality items that don’t cost too much.
Using their multi-channel integration, you can link your store to BigBuy. Some of the platforms they work with are Shopify, WooCommerce, and PrestaShop.
BigBuy charges a fee to sign up and a fee every month, so plan for that.
iDropship:
iDropship is a dropshipping company based in Australia that has products in categories like:
- Electronics
- Health and Looks
- Home & Garden.
- When you use iDropship, the low cost of goods is one of the benefits.
White-labeled packaging is used by iDropship, so you can put your own logo on the products you sell.
Customer service is the only problem. Many iDropship customers have complained that they can’t reach customer service. It doesn’t look very good when you’re trying to sell expensive items. Plus, it can harm your sales.
How to Set Up a Store for Dropshipping?
Setting up a stylish store shows how far you have come in this niche. It’s time for you to shine and show what you’re made of. It’s where you’ll make your first (and hopefully best) impression, so don’t rush through it.
Let’s jump in and look at the steps you need to take to set up your store and start making money:
Choose the Best Platform for Online Shopping:
It starts with choosing the best dropshipping eCommerce platform.
You have many choices, but not all of them will lead to the same results. So choose the one that works best for you.
Shopify is the only e-commerce platform that comes close to dropshipping.
Some things to think about when picking a platform are:
Ease of Use: Make sure it’s easy for customers to use, even if they don’t know much about technology.
Price: The platform should not cost too much.
Features: The platform should have the features you need to run your website well.
Choose a layout and a theme:
Once you’ve decided on a platform, it’s time to choose a theme and layout for your dropship website.
The theme will decide how your store looks and feels as a whole. On the other hand, the layout will decide where your products and other content will go.
When choosing a theme and layout, keep in mind the following:
Design: The theme should look good and match the personality of your brand.
Functionality: The theme should be easy to use and smooth for the user.
Responsiveness: The theme should be responsive so that it looks good on all devices.
Your Store’s Brand:
As soon as your customers land on your website, they will have an idea of what your store is like.
Because of this, it’s important to make sure your store has a good brand. How your customers feel about your website as a whole will depend on your logo and brand name.
The name of your brand should be:
It should have something to do with your niche.
Easy to remember: It should be easy to say and remember.
It should be short so that it is easy to type in and find.
It should make you stand out from the rest of the crowd.
Remember that less is more when it comes to your logo. If you have the money, talk to a professional designer about making a logo for your brand. If you want to save money, you can make your own logo with one of many free logo makers. Shopify has some good designs as well.
Put items in your store:
Do you ever pay attention to a product whose photos are bad? Probably not, if you’re like most people. It’s because your mind tells you right away that it’s not good or worth your time. The same goes for people who go to your website.
That’s why it’s important to put high-quality photos of your products on your website.
Your pictures of your goods should:
They should be clear and sharp and have a high resolution.
Taken with a pro camera, they should look like they were taken by a pro photographer.
Well-lit: When it comes to photography, light is everything. Make sure your products have good lighting so they look their best.
Keep your content at a high level:
Customers don’t like boring content. If you want people to keep coming back to your website, you need to make sure the content is interesting. It will make selling your products easier.
When you start writing product descriptions, your top priorities should be creativity and clarity.
Let’s say you’re trying to sell a garden hose. A boring, general description would be something like, “This garden hose is made of durable materials and is perfect for watering your plants.”
A more creative and interesting description would be: “This garden hose is perfect for people who want to keep their gardens looking green and healthy. It’s easy to use and made of strong materials, so you can spend more time enjoying your garden and less time watering it.
With an interesting description that solves the customer’s problem, it will be much easier to sell a product.
Improve your channels for customer service:
Who takes care of your customer service? You or a group of you? Now is the time to build a dedicated team if you don’t already have one. After all, the customer is the most important thing to you.
Your team should be available 24 hours a day, 7 days a week to help customers with any questions or worries they might have. Friendly and helpful employees will make sure that your customers have a good time with your business.
There are a lot of ways to help, such as:
- Live chat: Some customers like getting an answer right away.
- Email is a way to keep a written record of your conversations.
- Phone – it’s always nice to talk to a real person
- Social media is a popular choice because it is easy to use and gets results quickly.
- Your support team should always be at their best, no matter what channels you use.
Add a reliable payment method:
Find a payment processor you can trust. This is an important part of dropshipping. After all, you’ll be dealing with sensitive information like credit card numbers and addresses.
Payment processors include PayPal, Stripe, and Shopify Payments, among others. All of these payment processors are safe and provide good customer service.
To find the right payment processor for your business, you should think about your needs and budget. Once you’ve found a processor you’re happy with, you can set up an account and add it to your website.
A Shopify store already has PayPal set up, so it could be a good choice for you.
Your Dropshipping Business:
Your business will take off thanks to the magic of your marketing strategy. But you can’t just throw it around and hope it works. You need to have a good plan for marketing.
There are a lot of good ways to market your business, which is good news. When used in a smart way, they can bring more people to your website and help you make more sales. But do all the tools help dropshipping businesses in the same way? Can you sell your product anywhere you want?
Actually, no.
Here are a few well-known platforms for marketing and how you can use them to promote your high-end products and business.
Social media is a great way to market to a large number of people who like the same things you do. You can do the following when dropshipping:
Run ads on Facebook:
The most ads are run on Facebook than on any other social media platform. You can search for and target a specific audience with Facebook ads, so you’ll reach people who are interested in your products. To get the most out of this tool, make sure your ads are relevant and aimed at the right people.
Instagram Marketing:
Instagram is all about glamour and living a luxurious life. If your products fit this image, you might want to try marketing on Instagram.
People will be more interested in your high-priced products if you use creative stories, influencer marketing, and shoppable posts. And if you use Instagram ads to get more people to see your posts, make sure they have strong images and a call to action that makes people want to click on them.
Ads on Google:
Google Ads is a place to put ads. It lets you put ads on Google.com and on millions of other websites all over the Internet. Google Ads can be a great way to get people to visit your site and make sales. Since it costs money, you’ll need to account for that in your budget.
What are the pros of drop shipping for high-ticket items?
When you sell high-priced dropshipping items, you might feel like everything is a big show. But is the margin of profit always that big? Is there anything else that’s good about dropshipping high-priced items? Let’s look at some very good reasons to do this.
With higher margins, you can make more money:
Most of the time, the profit margin on high-priced items is much higher than on low-priced items.
Often, the markup on expensive items is 100% or more. That means that if you sell something for $100, you could make up to $100 extra.
Of course, your actual profit will depend on things like the cost of the goods, the cost of shipping, and the rate at which people return them.
Less Competition:
Dropshipping is a common way to run a business, but not everyone wants to sell expensive items. It’s because selling high-priced items comes with more risk.
The good news is that this also makes the market less crowded. When this happens, it’s easier to come up with a plan and stand out from the crowd.
You Can Sell Better Items:
When you dropship expensive items, you can give your customers better service.
You can offer a concierge-level service by customizing, installing, and doing other things that low-ticket drop shippers don’t usually do.
It lets you give yourself an edge over the competition and set yourself apart from them.
Lesser Customer Support Requests:
Fewer people want to buy dropshipping products with high prices. It might sound bad for business, but is it really?
Since the profit margins are higher, you don’t have to deal with as many requests, orders, and inquiries to still make a good profit.
What are the cons of high-ticket drop shipping?
It would be too much of an exaggeration and a lie to say that this eCommerce model has no problems. There are some good things about it, but there are also some bad things.
Here are some problems you might run into if you decide to go into this niche:
You Need a Bigger Budget:
Entrepreneurs love dropshipping because it doesn’t cost much to start. But this isn’t true for the high ticket niche. If you want to catch the big ones, you’ll have to go all out with things like:
- A store on the Internet that looks good
- Apps and helpful tools for dropshipping
- finding and focusing on the market you want to sell to
- Paid versions of platforms that help find trustworthy suppliers
- Products that you can print on demand with your logo
If you don’t have much money, you might want to think about your choices.
You may need to put in more time:
This niche is not for people who want to make money quickly. It may need to be cared for before it starts to bear fruit.
So, be ready to spend a lot of time on research, planning, and carrying out your plan. Only then will you be able to find the right suppliers, products, and target market for your business.
And when it’s time to set up a store, it’s best to take your time to make a high-quality, trustworthy online space.
Less Staff Turnover:
People are always looking for a better deal, so people tend to buy a lot of low-priced items. When it comes to low-priced products, the trends are always changing, the demand is always changing, and most people aren’t very loyal to one brand over another.
In high ticket dropshipping, on the other hand, people want quality over quantity. They are happy to pay more for a good product that will last longer and is of good quality. This means that high-ticket items sell less often because of this.
Questions People Usually Ask:
We know you may still have questions.
Let’s make things even clearer:
Why would someone buy something with a high price tag online?
People are usually more careful when they spend a lot of money online, so the question is a good one.
But in reality, people have been buying expensive things online for a long time. In fact, by 2026, the market for luxury goods is expected to reach $296.9 billion.
Is it risky to run a high-ticket dropshipping business?
When you start a business, there is always some risk, and dropshipping is no different. But compared to other business models, the stakes aren’t that high.
Dropshipping has two main risks: the risk of the supplier and the risk of the inventory. You can lower these risks by choosing your supplier carefully and keeping a close eye on your stock levels.
Can You Sell to Anyone Else?
High-ticket dropshipping isn’t just about selling to one customer at a time. You can also sell to retailers and wholesalers, who are also businesses.
Many businesses want imported goods but don’t want to deal with the hassle of bringing them in themselves. They will pay a lot for these expensive drop-shipping items.
Conclusion:
Trade is what keeps the economy going around the world. And as a business owner, you can take advantage of this by getting into eCommerce niches that are growing.
Setting up a high-priced dropshipping store that looks good is a great way to make money. Dropshipping, whether for low-ticket or high-ticket items, can reach great heights when used to its fullest. It opens the door to big profits that other business models can only dream of.
People say, though, that with great power comes great responsibility. When a business owner dropships high-priced items, they have to deal with a few problems. But if you know about the niche or have experience in it, you know that working with a reputable supplier, coming up with a strong marketing plan, and giving great customer service will help you succeed.
If you ever feel lost or your sales go down, you can use analytical data to get a new perspective and get back on track.
We hope that your profit margin stays high, that your online stores keep growing, and that your journey as an entrepreneur is long and full of interesting things.
