Would you rather sell a low-cost product 100 times per month for a $1,000 profit, or a higher-cost product 10 times per month for the same profit? If the second option appeals to you, high-ticket dropshipping is an excellent choice!
This article will provide you a better understanding of how high-ticket dropshipping works, as well as provide you with a list of “more expensive products” that dropshippers sell.
But first, let’s go over what high-ticket dropshipping is all about.
What Is High Ticket Dropshipping?
High-ticket dropshipping functions similarly to conventional dropshipping. The most significant distinction is that high-ticket dropshipping allows you to sell more expensive items such as treadmills, desks, simulator equipment, and 3D printers.
The only “issue” is that there is no pricing range for a high-ticket item.
Some people believe that a product is a high ticket if it costs more than $50, while others believe that high ticket items must cost at least $2000.
Where Do High-Ticket Dropshippers Get Their Items?
The majority of high-ticket dropshippers avoid working with Chinese vendors.
If someone spends $500 or more on anything, the last thing they want to do is wait over two weeks for it to arrive.
To thrive at high-ticket dropshipping, you’ll almost always require a local dropshipping source. You can, for example, collaborate with a supplier in the United States or Europe. Your high-ticket dropshipping vendor should deliver a high-quality product with quick shipping and excellent customer support.
To follow up on that last suggestion, don’t undervalue a supplier’s customer service, especially if you’re conducting high-ticket dropshipping.
When you only sell a few products per month, you don’t want to deal with things like negotiating a $200+ product return to a Chinese supplier. You’ll generally have less difficulties contacting local suppliers, as well as access to a customer service team with comprehensive product expertise and a good return policy.
The Pros and Cons of High Ticket Dropshipping
First, the positives.
- By selling fewer products, you can earn more money.
- You’ll have access to dropshipping providers based in the United States, as well as faster delivery timeframes.
- Because you have fewer consumers to keep track of, tracking orders is easier.
- There may be less customer service inquiries concerning your products.
- You can mix and match your merchandise, for example, sell a few higher-ticket dropshipping products for a big profit, as well as more budget-friendly things. It’s entirely up to you!
- Because you don’t need to sell as many items to make a healthy profit, you’ll save time on product research.
- Targeting and tailoring your marketing to appeal to a more narrow target market is easy.
Now for the drawbacks…
- Expectations are higher with higher-end products. As a result, higher trust between you and your consumers is required, which is, of course, more difficult to achieve. After all, high-end items aren’t bought on the spur of the moment. Before they buy anything, your buyers will conduct extra research and think about it.
- You may need to spend extra money on a professional-looking website and logo to increase your credibility.
- To reach your target demographic, you’ll need a solid sales and marketing strategy. Remember, you’re not selling items that people buy on the spur of the moment.
- As a result, you’ll need to take customers via a longer sales funnel.
- Returning larger or oddly sized items may be difficult for customers.
- There’s a chance you’ll get a lot of chargebacks.
- You’ll need to give excellent customer service and have a clear and transparent return policy to limit the number of chargebacks you receive.
The Best High-Ticket Dropshipping Products and Niche
High-ticket dropshipping products, fortunately, can appear in any niche and appeal to a wide range of people. Let’s take a look at some of the best items and niches to specialize in while keeping the benefits and drawbacks of high-ticket drop shipping in mind.
Why sell a $10 necklace or watch when you could charge a lot more for something bespoke? Keep in mind that your target market has high-end tastes that they can afford. Customers can justify buying that one particular handcrafted item that they fell in love with at first sight.
Having a more bespoke high-end collection is a wonderful way to ease into high-ticket dropshipping and enhance your potential margins, whether you’re focusing on high-end, one-off pieces or simply diversifying your present product display.
2. Unique Furniture
The home-improvement bug has bitten consumers, and it’s here to stay. People have specific ideas about what they want in their homes, and you may be the one to provide it!
3. Statement Art/ Statues
Consumers don’t want their homes to feel uninspiring and unimaginative, as we’ve all seen the typical poster of Paris on people’s walls.
It’s far too simple to fill your walls with posters and other mass-produced art. Statues for your home or yard are the same. They’re a tenner apiece. Customers, on the other hand, want to create a personal retreat in their homes. They want to make their house as distinctive as they are.
4. Expensive Hobbies
Consumers place a high value on their free time. Whether it’s spending quality time with family or spending money on pricey hobbies like camping or diving, there’s something for everyone.
Take advantage of your personal investment in a passion if you already have one. You’re already the expert, and you know exactly what people like you want. With a large number of high-quality dropshipping suppliers based in the United States, you’ll be able to tap into a very dedicated market.
Camping and other outdoor activities necessitate high-quality gear to keep you light and safe. Consumers are prepared to invest in their interests, and dropshipping suppliers in the United States offer a wider selection and higher quality of products.
5. Unique Gifts
You would think that novelty presents belong to the cheaper end of the dropshipping market, but this isn’t always the case.
A one-of-a-kind vintage executive chair makes a wonderful birthday, business, or housewarming gift. It’s a unique (and helpful) present that stands out from the crowd.
These are just a few examples of high-margin dropshipping businesses. There are a few others, such as:
- Coffee machines, food processors, stoves, dishwashers, and other household gadgets
- Air diffusers, water-saving showerheads, water filters, and other home renovation products
- Tablets, projectors, headphones, and other consumer electronics
- Large-screen TVs, soundbars, speaker systems, and other home theater equipment
How Do You Market High-Ticket Items?
You can use a variety of tactics to help you sell high-ticket items successfully. Below, we’ll go over a few product examples and how to sell them effectively:
Focus On Necessities and Those Who Require Them
You may regularly make high-value sales by identifying a product that a specific group of clients requires and targeting that group. Here, home health goods can be a fantastic opportunity.
Read through forums, YouTube comments, and anywhere else where your consumer base is discussing their issues – by figuring out exactly what they need and describing how your solution addresses their problems in language they understand, you’ll have gone a big step toward closing the deal.
To assist increase interest in your products, try some highly targeted Facebook advertising campaigns or a well-made YouTube product review video.
Look For Trending Products
Finding a hot item first can be incredibly profitable, but it necessitates having your finger on the pulse of a certain buyer group (and a little bit of foresight). This strategy works best if you’re already firmly embedded in a market niche; if you’re not in the know, you’ll most likely be too late.
Spend some time browsing niche forums and keeping an eye on what people are discussing. Do some research to establish the overall interest in the topic if you find a product or demand coming up repeatedly.
If you’re looking to see if a topic is trending, Google Trends is a wonderful place to start, but don’t forget about additional resources like the Amazon Movers & Shakers list or what’s hot on social media.