High ticket dropshipping is one of the most popular ways to build an ecommerce business. That’s because the earning potential is very high and you don’t need to sell many products in order to make good money.
When selling expensive products, you need to have a different approach as opposed to selling cheap stuff. There are a ton of good resources out there that can help you with that.
Unfortunately, there is also a lot of misinformation in regards to dropshipping and making money online in general. That’s why we decided to write this guide in order to help you build a sustainable business.
So, if you’re here to find out how to build a high ticket dropshipping business, you’re in the right place! By the end of this guide, you will know exactly what steps you need to take in order to do so.
High Ticket Dropshipping Pros And Cons
As with any business model, there are good parts and bad parts. If you know me, you know that I run multiple ecommerce websites, as well as an affiliate marketing business.
There’s no secret that my favorite way to make money is affiliate marketing via Facebook ads. If you want to learn how to do that, I suggest taking a look at Commission Hero.
However, I also really like ecommerce. Therefore, I’m gonna present you the pros and cons of high ticket dropshipping.
The first pro of high ticket dropshipping is that it’s … high ticket! You are able to make very good money with each sale, therefore you only need to sell a couple of products per day in order to be profitable.
As mentioned above, Facebook ads are the best way to make money with affiliate marketing, but also with dropshipping. The best part about it is that Facebook really loves entrepreneurs who sell high ticket items.
Facebook ads allow you to target the best customers for you. When selling expensive products, Facebook is able to find these customers more easy.
Therefore, you will have an easier time scaling your business as opposed to selling lower ticket items.
High ticket dropshipping is also a great business model if you don’t have a large budget. Compared to other business models, dropshipping doesn’t require you to have $10.000 or more to start.
You don’t need to pay for inventory or shipping. So, you can spend all your money on marketing (for example Facebook ads).
That’s because your income potential will grow even more. Imagine having a list of 1000 people: if you sell them a $500, you will make much more money than if you were to sell them a $5.
Is it more difficult to sell expensive products? Yes. But only slightly.
As you can imagine, dropshipping high ticket products is not just sunshines and rainbows. There are a couple of things to keep in mind before you jump in and build your business.
Some people might find it harder because the products are more expensive. For that matter, I highly suggest collecting email leads when doing Facebook ads.
This is how you give yourself the highest chance to make sales. Also, it is almost mandatory to build a brand.
If you don’t build a brand, you will find it even harder to sell expansive products. If you think about it, it makes total sense.
People are not buying a cheap product. Therefore, they need to know and trust the store from where they buy a $500 product.
The Best High Ticket Dropshipping Niches
In order to start a high ticket dropshipping business, you need to take a look at what the best niches are.
You need to look at niches with good products and good suppliers. I use SaleHoo in order to do this and I suggest you give it a try.
However, for the sake of the article, let’s look at the aspects that make a niche profitable:
Obviously, the most important aspect when choosing a product is pricing. If you want to sell high ticket items, they need to be expensive.
The products should be at least $100 in order to be considered “high ticket”. Ideally, you want to find products in the range of $500-$1000.
This way, you will be able to convey exclusivity and status.
The best thing about high ticket dropshipping is that is not as popular as you may think. Most entrepreneurs choose to sell low ticket items because they rely on impulse purchases from the customers.
On the other hand, when selling expensive products, you will almost always need to collect emails and follow up with your leads. The customers will most likely need more time in order to make a purchasing decision.
Therefore, dropshipping with high ticket products is good because the competition is not that big.
In order to be able to build a sustainable business, you need to choose products that people want.
This seems like common sense, but I can’t tell you how many beginners neglect this aspect. They choose random products and wonder why they don’t sell.
I would suggest using Google Trends so that you have a better understanding on what is trending at a certain moment.
Also, look at what’s working for other people. You don’t need to reinvent the wheel.
The Best High Ticket Dropshipping Products
After you choose a niche, it’s time to pick the right products in order to have the best chance of success.
Some people use Alibaba and filter through the categories. As mentioned earlier, I prefer SaleHoo because it allows you to find quality products from reliable sources.
So, what would be the best products to sell? I’m going to tell you what has worked for me in the past in order to give you some ideas.
Cameras were working very well, and still do. Digital accessories always tend to perform good, as they are in high demand.
Also, electric bicycles and scooters are products that sell for high prices which people love. Home furniture is also a good choice, as some pieces of furniture look really luxurious.
Art is another category you should look into, as paintings and canvases are very profitable. You can really target the right customers via Facebook ads.
Jewelry was also working very good for me on one of my previous websites. Again, you just need to brainstorm a bit.
Keep in mind that you will need to sell products for at least a couple of hundred dollars. Meaning that they should be items people are willing to pay good money for.
How To Start A High Ticket Dropshipping Business
Now that you know all the theoretical part, it’s time to take a look at the steps you need to take in order to build a profitable dropshipping business.
Or the stage that some entrepreneurs call “the pun part”. I’m gonna tell you how to I set up all my dropshipping businesses so you will not get stuck.
Have A Budget
No matter what business you’re planning to start, you will need some money. That’s because you will need to somehow bring people to your website.
I recommend getting good at Facebook ads. Commission Hero is the best course that I know of that teaches you from A to Z how to become an expert in the field.
With high ticket dropshipping, you will need to spend a bit more money on ads because people need some time do decide on whether or not they want to spend thousands of dollars on a product.
However, you will be much more profitable in the long run. You will get better and better at running ads, therefore you will need to spend less and less money and increase your profit margins.
Find Good Suppliers
This is the most common problem beginner face when starting a dropshipping business. They choose bad suppliers that have crappy products.
Especially with high ticket dropshipping, you can’t afford this mistake. Your customer pays a lot of money for a product and you need to provide them with quality products.
If you give them cheap products, they will simply never come back to your website and unsubscribe from your email list. That’s why I suggest trying SaleHoo, as it gives you the option to easily find the best suppliers.
On Alibaba, there are a lot of bad suppliers and if you don’t have experience, you will most likely run into them. However, once you get some more experience, you will be able to easily spot these bad suppliers and avoid them.
Focus on Email Marketing
As mentioned earlier, email marketing is a great way to build a relationship with your customers especially when you’re selling expensive products.
People buy from people who they know, like and trust. With email marketing, you will be able to build trust with your audience, therefore you will be more likely to make more sales.
Having an email list allows you to create recurring customers that will always come back to your store to buy more cool products.
This process is honestly very simple. However, you still need to implement it.
If you’re consistent and don’t give up at the first sign of adversity, you will most likely become a successful entrepreneur. Because this is what makes the difference between people.
A successful entrepreneur is just a beginner who didn’t give up.