Dropshipping often seems to us some side hustle where you can barely earn about $5 per product. But what happens to people who are living in beautiful houses, driving the most luxurious cars, and living the best life just by dropshipping? We know they’re a secret, they are dealing in high-ticket dropshipping.
Most people don’t believe it but you can earn even thousands of dollars on a single product just by dropshipping and earning a small percent of the face value.
You must be wondering how people do that? We know that too.
One thing to keep in mind, high-ticket dropshipping is a lot different from your regular, everyday dropshipping. It’s because it requires a lot more trust from your potential buyers.
Anyway, that later. Down there, you will find an ultimate guide to high-ticket Dropshipping.
Skip the struggling days and directly jump to the good part of dropshipping.
Ready? Read on.
6 Things To Note When in High-ticket Dropshipping in 2023
1. Finding the right product
Everything starts from the right product when it comes to any e-com business. You must be searching through an expensive product on general websites to dropship. However, chances are you may not even find something worth the prices.
For instance, when you search on the website AliExpress ‘Pool Table’, you may not even find it there. There can be pool balls, the triangle, or sticks but not the actual table. Do you know why? Because these websites do not sell expensive items like that.
So, what you can do is look for other websites that would offer the same service BUT with high-range products. Also, if you are thinking about the niche, here are some that you can choose from:
- Furniture,
- Watches and jewelry
- Table games
- Home appliances
- Automatic equipment
- Camera
2. Source the product
One good way to know the right product is research that starts will pen down all the goods that cost more than like 1000 bucks. Then comes the part that confuses us the most and that is to source this product from the right place.
Well, it is a lot easier than it sounds. All you need to do is Google where you can type in the product and niche of your choice.
Once you Google, you will get plenty of options from companies that sell these products to you and ship them to the final customer. Try to whitelist a bunch of these websites and figure out how they are going to help you for your benefit.
Also, if you add the word ‘Wholesale’ to the search box, you will get cheaper rates. This will help you work better for your commissions.
Tip-
- Please avoid websites that require you to import the products you want to sell further. Because that will be an another-level mess. For example – Alibaba.
- Prefer websites that are shipping near your potential customers’ location. Take for instance if you are selling in the USA, go for the companies that will deliver the products from the US. This is for safety purposes.
3. Contact the dealer
You can’t just contact this wholesaler because you may seem to them any random guy who is looking to purchase. Also, wholesalers are quite picky about their everyday calls. So, how do talk to these people?
First, make sure you have something that showcases that you are a genuine businessman. One great way is to have a Tax EIN number that makes you look more legit than other thousands of random contacts they get.
Moreover, if you are already into this dropshipping business, you must be running a website. So, it’s better to share the domain name with them as well.
Okay! So, while writing to them, make sure you sound as real as you can. Not something like
“Hey! I wanna sell your products, how we can work?”
Instead
“Hey! I am into dropshipping and I am currently dealing in pool tables. I would love to house your products. I have a few queries about the product you are offering…”
Professionalism is something that dropshippers often take for granted. Nonetheless, this is something that can get you to sell your desired products to the right customer. So, make sure you represent your business nicely to these wholesalers.
4. Time to build a website
Got the wholesaler ready to ship the product for your dropshipping business? It’s time to present what you sell nicely. That’s all about having a nice standard on your online dropshipping store.
Yes, the website has a lot to do with the design, copy, and listicles but there is more. You need to pay attention to the smallest details to ensure that you get the trust of your customers. For example:
- Mention the exact date of the delivery, not some random 7-day-delivery kind of thing.
- Have contact details on the top and the end of the page. You may not necessarily need customer service for that but it is important.
- Easy product description. No heavenly worlds or harmonious language but straightaway telling someone how your product can be a part of your customer’s life.
All this is about getting the trust of your customer to spend thousands of dollars on your website. If you have some strong elements on your website, it definitely results in high-price conversion.
5. Advertise the product
Now that you know the basics of high-ticket dropshipping, it’s time to know what exactly you can’t miss out on.
With the standard dropshipping, you would advertise your products on Facebook ads, Instagram influencers, or just promoting a post. However, when it comes to the high-profitable market, things are pretty complex.
Think of it this way, you see something worth $3000. Would you straightaway get your credit card and hit that ‘Buy Now’ button?
You would want more information, persuasion, and guts to do that. Also, it is hard to find people who literally are looking for that product.
What you can do is choose a different platform like Google Shopping and Google AdWorks.
Any source, that has a higher chance for persuading the customer to check that product out, if your source is to promote.
Therefore, if you get your add pope-up on the front page of Google, they are something that will strike the minds of the customers.
Yes, you can also promote your product on social media but that’s a whole another level approach to do that. But for the real effect, you may have to move to another more effective platform.
6. Purchase and deliver
The rest of the things work just like you do with your other product dropshipping. This includes website cards, placing orders, shipping details, payment, and delivery.
Why most dropshipper wants to land in the high-ticket market?
It all revolves around the big benefits of high-ticket dropshipping. So, some of them are:
- Higher profit (Obviously)
- Less competition in the market
- Saturation of the market is very less
- Easy to upsell
- Limited customer services dealing.
What are the drawbacks of high-ticket dropshipping?
Why do most people find it hard to enter this market? Here are some disadvantages to look at.
- Hard to find the right niche
- Challenges with the product promotion
- Difficult selection and validation process
- The trouble with the payments
- Require an extreme level of trust
- Competing with brands and already-established markets.
Also Read:
- Best Dropshipping Suppliers in Europe
- Best Shopify Dropshipping Themes
- How To Find Reliable Dropshipping Supplier In The US & EU?
FAQs (High-Ticket Dropshipping)
🙆♀️ What are high-ticket dropshipping products?
There is no such category to differentiate general dropshipping products to that of high-ticket ones. So, anything that falls in the price range above $1000 can be considered a high-ticket product be it a home theater or a diamond ring.
💁♂️ How does high-ticket dropshipping work?
It is an eCom business that deals with selling more expensive items from your online store. Also, you are the medium between the customer and third-party buyer. Yes, it has a few critical steps but it is still something alive.
🙆♂️ How do I get better at dropshipping?
There are a few things you would need to keep in mind - not to work with the price alone or sell the same things as everyone else. It’s important to focus on your niche and sell product bundles to your customers. About that, you must figure out what to sell and provide excellent customer services for better results.
🧏♂️ What are the best high-ticket products?
Bicycles, electric bicycles, and bike racks, Automotive equipment and accessories, Home theatre equipment, furniture or home improvement products, Home appliances, Digital cameras, and camera accessories, Watches and jewelry, Electronic equipment.
🤷 Who is the richest dropshipper?
Irwin Dominguez from San Diego is undoubtedly the richest because within 8 months made $1,000,000 in profit as a dropshipper.
🧏 How much do dropshippers make on average?
On average dropshippers make between 20% and 30% from every sale they make successfully. They are able to make between $1,000 and $5,000 per month. The rest of the money they use is to buy products from the supplier, dropshipping fees, paying to host dropshipping websites, and other expenses.
Conclusion- Guide to High ticket Dropshipping in 2023
We all want to earn a little extra and there is no harm in jumping to something that ensures you become a renowned name in the market.
High-ticket dropshipping is just the right thing for you. So, this ultimate guide is for you to help you have the best profit from the market.
Hope you like it and start your high-ticket dropshipping journey now.
