High-ticket dropshipping is the process of selling high-value products through a drop-shipping model. It differentiates from general dropshipping in that it involves more expensive items with a higher ticket price.
High-ticket merchandise generally refers to anything that has a higher price point than standard eCommerce products (e.g., $50, $100, $200). High-end fabrics, accessories, luggage, home and garden décor, jewelry, and handbags are all examples of high-ticket dropshipping items.
The demand for these types of products is always on the rise because people want to look good and feel good. High-ticket items are also easier to dropship than lower-priced ones because they’re harder for your customer to find in any given store or online outlet. To learn more about high-ticket dropshipping and how you can get started with it today, read on!
How to Get Started with High-Ticket Dropshipping?
First things first: you’ll want to choose a product to sell. To begin this process, you’ll want to do some market research to find the best high-ticket items to sell. You can do this by looking at sales data (e.g., what products are most often purchased together, etc.). You can also use marketing tools like Google Trends to find out which products are trending, and which products people are searching for most often.
Another way to find a high-ticket item to sell is to ask your network of friends and family members what they’re shopping for right now. From there, you can find a wholesaler who sells the items in bulk so that you can drop ship them to your customers directly. You can begin building your online store and find a payment processor to accept online payments.
Pros of High-Ticket Dropshipping
1- There’s no upfront investment - You don’t have to invest any upfront capital for things like inventory, materials, or manufacturing. Instead, you’ll simply purchase your inventory from a wholesaler, and then drop ship it directly to your customer from their location. You don’t have to worry about shipping out any products, handling returns, or dealing with any customer service inquiries.
2- You can scale quickly - Because you don’t have to invest in materials or inventory, you can scale your business quickly. Simply purchase more inventory as needed to scale your business even further.
3- You can do it with no experience - Because high-ticket dropshipping is so simple, you don’t need any experience to get started. You can learn the ropes as you go, and build up your business from there.
4- You can work from virtually anywhere - Because high-ticket dropshipping doesn’t require you to be on the premises, you can work from virtually anywhere. You can make money while traveling the world, sitting at home, or even doing something else entirely!
Cons of High-Ticket Dropshipping
1- There’s a lot of competition - Because high-ticket dropshipping is so popular, there’s a lot of competition in this space. To stand out from the crowd, you’ll want to find a product that has limited competition or find a new way to approach this type of business opportunity altogether.
2- You have to find a wholesaler - You have to find a wholesaler who sells high-ticket items, and then purchases those items in bulk. This means you’ll have to do some digging to find the right product to sell.
3- Shipping times are slow - When you drop ship items from your wholesaler to your customer, it can take anywhere from five to 30 days for the shipment to arrive. This means that if you drop ship a product, your customer won’t receive it for a while.
4- You have to deal with returns - If your drop shipped item arrives at your customer’s house, and it’s broken or defective, they may want to return it. You’ll have to deal with this return process yourself, which can be time-consuming and difficult.
High-Ticket Dropshipping Is Highly Lucrative
It’s no surprise that high-ticket dropshipping is highly lucrative. Because these products are more expensive than others, they have a higher potential revenue-generating value. However, you’ll also need to put in more effort to get these products selling.
High-ticket dropshipping involves selling your products through a dropshipping model on AliExpress, using an online storefront. Products you sell for high ticket dropshipping include wedding jewelry, handbags, bags, footwear, clothing, and handcrafted items.
After you’ve sold your high-ticket dropshipping products for a while, you can then start selling even more expensive products. When you’re dropshipping high-ticket items, you’ll need to take care of a few extra things like choosing the best merchant account provider, creating an ad campaign, and building a higher customer lifetime value.
Then, you’ll need to increase your dropshipping marketing efforts so more people know about your shop. Ultimately, with a few tweaks and adjustments, you can move your business into a high-ticket dropshipping niche.