When people think of high ticket dropshipping, they often imagine a business that’s both easy to start and profitable. However, it takes a lot more than just opening an online store to be successful in this industry.
Dropshippers can have all sorts of problems when starting. From sourcing products to figuring out how much inventory they need, many obstacles keep them from succeeding at their business idea. That’s why we’ve created this article.
We’ll discuss some of the main factors to consider when learning how to start dropshipping, along with the best dropshipping niches, so you know what kind of products you should be selling on your website or store.
What Is a High Ticket Item?
A high ticket item is an item that costs more than a standard consumer would be willing to spend on it. For example, most customers wouldn’t want to spend $500 on shoes — they’d rather find a deal from online shopping websites like 6pm or Shoes.com, where they can score a deal for much less. On the other hand, when it comes to items like home appliances, computers or even fitness equipment, people spend more time on such items.
Why High Ticket Items Are So Profitable: The Benefits of High Ticket Dropshipping
The main benefit of high ticket dropshipping is that since the products are more expensive to create, you can charge a lot more money for them than standard retail prices. Dropshippers can charge up to 30% more for high ticket items than other companies do.
This makes dropshipping high ticket items a more sustainable business model because customers feel like they’re getting a real deal — if the product is high-quality. Moreover, it creates a better shopping experience for customers since they can afford more expensive items.
It’s also a known fact that when people buy high ticket items, they have lower customer support needs. Even though customer service is always a priority (more on this later), most consumers that buy high ticket items know a lot about the product already, so they don’t need much help making their purchase. Things like this make it easier for dropshippers to do business and charge more for these products.
All in all, higher profit margins are the main reason that dropshipping high ticket items are more sustainable than selling something like a $10 pair of shoes. Of course, there are always higher risk/reward opportunities in this industry, so it’s important to do your research before making any purchases.
The Risks and Cons of High Ticket Items
There are a lot of benefits to dropshipping high-ticket items, but there are also some risks that you need to be aware of before making your first purchase.
Higher Startup Costs
This disadvantage is the main downside to dropshipping high ticket items. After all, it costs a lot more money to buy a $500 item than it does to buy a $10 one. That’s why it’s important to research your niche before you make any purchases — to see what types of products are in demand. This means that you need to know what people are willing to pay for a product like the one you’re selling.
More Money and Time to Ship
Another expensive disadvantage of high ticket items is that they take a lot more money and time to ship. That’s because you’ll have much higher shipping fees than if the customer had ordered micro or low-ticket products from your eCommerce store.
Dropshipping high ticket items sometimes means that you have to offer free shipping, which cuts into your profits. That’s why it’s important to price the item correctly right from the start — before you list it for sale.
Suited to More Experienced Dropshippers
While dropshipping has become easier over time, it still takes a lot of skill and experience to do well with high ticket items. This means that dropshipping high ticket items are only suited for experienced dropshippers or entrepreneurs who have been around a while.
It’s also beneficial if this type of website is part of an established online brand with a strong reputation, like AliExpress or GearBest Dropshippers will feel safer buying from these websites since they can work with them time and again without worrying about getting scammed.
Is High Ticket Dropshipping a Good Idea?
High ticket dropshipping is a popular and profitable niche if you know what you’re doing. It can be difficult to get started since there’s more research involved, but the long-term benefits speak for themselves.
In fact, it is not uncommon for people to start making 300 USD per day once their dropshipping system is up and running.
Best Niches for Dropshipping and High Ticket Items?
Let’s take a look at the best niches for dropshipping.
Home Appliances Like Vacuum Cleaners, Washing Machines or Ovens
Home appliances are excellent high ticket dropshipping products. They are expensive, and people love the convenience of buying them online. Moreover, they’re pretty durable products, so customer support is usually not a major concern.
Computers, Laptops and All Their Accessories
People always need computers, and they always love finding just the right one for their needs. Moreover, these days people are more aware of the dangers of buying a second-hand computer from sketchy sellers, so having a guarantee when selling these items is very reliable for buyers.
If you’re selling laptops or accessories specifically, make sure that your supplier ships fast since there’s less demand for them than other computer-related products. That’s because laptops are what people need the most, so you don’t want them to change their minds and then end up buying them from a physical store in person, or even just order one on Amazon.
Fitness Equipment and Accessories
Fitness is very important these days with all the health crazes going on. As a result, people are very motivated to eat right and work out. That’s why fitness products like exercise equipment are always selling well online.
Gaming Equipment Like PlayStation & Xbox Games Consoles and Controllers
There’s a lot of demand for gaming products. This also includes virtual reality headsets, gaming chairs, etc. It doesn’t matter if you want to focus entirely on consoles or electronics, these niche categories will bring in your customers either way.
However, it is best to have some diversification with gaming equipment since different types of games are played on different platforms.
For example, PlayStation and Xbox are both equally popular, so if you’re planning to dropship for these two brands, it would be a good idea to stock up on products that can be used with either of them — for example, some accessories like games controllers tend to work on multiple platforms.
Watches and Accessories
Watches and all their accessories are always selling well online. This is because there’s so much demand for watches, especially in North America where most people wear them as a fashion accessory.
They are also popular on sites like eBay and Amazon — you can even get over 1% conversion rates if you’re very careful with your listings and marketing. Watches are durable products, so you won’t have to worry about customer support very often. Moreover, since they work for everyday use and special occasions alike, people don’t mind spending a lot on them.
Collectibles Such as Comic Books or Rare Coins
There’s a lot of demand for collectibles like comic books, action figures or coins. Search for things like “rare coins” on Craigslist or eBay, and you’ll see that they’re going for crazy prices.
As a result, there’s always a large audience for vintage collectibles, especially if you have an online shop where you can list them. You don’t need to worry about customer support, either, since most people will be buying them as collectibles, not to be used as financial assets.
Jewelry and Accessories
Jewelry is another very popular niche to dropship in. That’s because most people like jewelry as a fashion accessory, plus it comes with high-profit margins.
Additionally, you can sell expensive pieces that are bought more for special occasions. The good news is that selling jewelry online doesn’t require a lot of customer service because it is durable.
It’s also helpful to research the items that your customers are buying from you. It can be difficult to figure out what a niche is if you’re not an expert in it, so try browsing around popular sites for dropshipping and see what types of products they offer.
Final Thoughts on High Ticket Dropshipping Niche Selection
Once you’ve figured out what your niche is, then you can start researching the pricing and availability of the items that would suit your audience. Try to avoid niche markets that are too competitive or are too high-risk (e.g., selling fidget spinners when their novelty has died down). It’s easy to get emotional investing a lot of money in a product, but you have to remember that you’re running a business and need to be as rational as possible.
The Most Profitable Dropshipping Niches: How to Find and Launch Legitimate High Ticket Products
Finding the most profitable dropshipping niches is not that hard if you’re familiar with the platform you’ll be using to sell on. For example, if you plan on selling via Amazon FBA, then there are quite a few tools that can help you find products and figure out how much profit you can make from them.
Each of these can be a viable source of financial freedom — if you focus on the below factors when choosing your products.
Focus on Quality for Top Dropshipping Niches
Amazon is one of the best places to start when you are looking for high-ticket products in the product market. That’s because the platform has so much traffic, and you can use one of the many keyword tools to figure out what quality products people are buying often.
Search for Premium Shipping Options
Some products have shipping methods that you will need to figure out. For example, if the product you want to dropship is very large, then it might be too expensive to ship via USPS or FedEx. As a result, you may need to use a freight forwarder, which can help you bundle items and consolidate them into one package for shipping.
Professional Photography
When your products have a high price tag, it’s always best to offer them in their best light. That means you’ll want professional photos for your listings and probably some videos that show the product in action (e.g., review or unboxing).
Persuasive Copy
When you’re selling high-ticket items, it’s very important to make sure that people buy from you and not someone else. That means your copy has to be nothing short of top-notch. While writing good product descriptions is hard work, they are the most important part of the copywriting process.
Great Customer Service
It’s difficult to measure the effectiveness of your customer service on online platforms since you don’t get conversational emails. However, that doesn’t mean that good customer service isn’t important.
People who buy high-ticket items want quality products and excellent customer service, too. Make sure that your customers are completely satisfied with their purchase by making yourself available to answer their questions and concerns.
Conclusion
High ticket dropshipping is an excellent way for entrepreneurs to start their own businesses with little upfront costs. With just a few hundred dollars in your pockets, you can open up shop and begin selling items online.
Choosing the top dropshipping niches and high-ticket items is one of the best-combined ways to make money from your dropshipping business. After all, they can be sold for a lot more money than the $20-40 price range that’s popular with many people who start dropshipping.
If you take the time to do your research and find good suppliers, then you will have an excellent chance of making money from these items. Give it a shot. Who knows? You might just discover a niche that is perfect for you.
Finally, if you’re interested in more ideas to succeed in the online space, check out this “silver lining method” — a method that a 62-year-old grandmother used to be able to pay off two student loans, while making $160,000 within 90 days.
