We’ve talked about low-ticket products and why you should dropship these types of products, so now it’s time to take you through high-ticket dropshipping.
Read on if you want to better understand what exactly is high-ticket dropshipping, why sell high-priced (also called high-ticket) products and how to start such an online business.
You will also find out the best high-ticket niches and products to dropship at the end of the article.
What exactly is high-ticket dropshipping?
High ticket dropshipping is just the same as regular dropshipping, the only difference has to do with the products you’re selling. These products are more expensive than $200, like 3D printers, electric bikes or bedroom furniture. Their price range can start from $200-300 and even get to $5000-$8000, depending on the niche you’re choosing to sell.
So, in other words, high-ticket dropshipping can be a highly profitable business idea, as each of the items can bring you a huge profit.
In case you’re not sure how the high-ticket dropshipping process works, here is how it all goes:
- Customer purchases a furniture item for $720
- This order gets forwarded to the supplier (by you or a dropshipping platform) for the price of $400
- Your supplier prepares and ships the item to your customer
- To gain a customer that actually orders from your store is $100
- You gain a profit of $220 for an order
- For 10 orders you make $2200.
Want more reasons to start a high-ticket dropshipping store? Then let’s see why it can be a great idea to sell these types of products.
Why high-ticket dropshipping is the best way to start your ecommerce business?
As long as you do your research and find out the best product or niche to sell in your region, then yes, high-ticket dropshipping can be a great way to start an ecommerce store.
As we said above, selling these high-ticket products will bring you high-profit margins even if you just have a few sales.
Selling these expensive products means that you will deal with fewer customers than if you were to have a normal ecommerce store. And when you’re dropshipping such premium products, well, these should be of the highest quality on the market. These all mean your customers won’t have too many complaints. On top of these, as long as you deliver your products fast and they look how they should, the return rate will also be quite low.
Another huge benefit of high-ticket products is low competition. There aren’t too many stores selling expensive items as most dropshippers prefer to start with low or medium-ticket products.
Of course, all of these come at a cost and probably the biggest drawback is the need for a higher marketing budget. Why? Well, you will need to invest more in advertising in order to get your premium products in front of the right customers. The rule is like this, the more expensive a product is, the harder it is to sell it.
High-ticket dropshipping also requires you to do expensive research if you’re just starting in the ecommerce or dropshipping world. If you don’t have any experience in ecommerce, it can be a bit more difficult if you’re starting with high-ticket dropshipping, yet not impossible. You just need to do the extra work, find the right products to sell, and how to market them effectively.
To sum up, here are the pros and cons of high-ticket dropshipping.
- High-profit margins
- Less need for customer support
- High-quality products
- Low competition
- Extensive research
- Higher marketing budget
- Need to have some extra capital
- It’s more difficult for a beginner with no experience in ecommerce
How to find high-ticket dropshipping suppliers
Suppliers are your most important partners when dropshipping. And when you’re selling high-ticket products that gets even more important. Just think about it, when a customer purchases a $600+ product, they expect it to look perfect and also be delivered as fast as possible. Your customers won’t wait one week for the product to arrive.
So, when selling high-ticket products you need to find a supplier that is located in your country or as close to your region as possible. For example, if you are in the USA you should work with a supplier from there.
Another important aspect of a high-ticket product is their superior quality, these items need to look almost perfect and provide the best experience, for example, if we’re talking about a gadget like a PlayStation.
To sum up, you need to find a high-ticket dropshipping supplier that provides a high-quality product with fast shipping times and great customer service. Yes, customer service is important as well to your audience. Your customers need to be sure they can reach you at any time, that’s why they pay the big bucks, right?
Now, here’s how you can find suppliers:
- Google for independent suppliers that offer high-ticket products and contact them to see which one of them wants to work with you. This can be more difficult as there aren’t many such suppliers and it will take you a lot of time to find them.
- Choose a dropshipping platform and browse through their catalogue for the high-ticket products you want to sell. Unfortunately, there aren’t too many paid or free platforms that work with high-ticket suppliers, but if you google you will find a few, such as AppScenic, that work with verified suppliers located all around the world. Start by testing these platforms, so sign in first for a Free Account and browse through their catalog to check their products and features.
- Choose an all-in-one dropshipping platform. This means that you can find a platform that does it all for you, from finding top and fast suppliers with a catalog of unique, premium products to automated orders and inventory sync.
AppScenic is an all-in-one platform, with over 1 million products from reliable and top suppliers that can ship to USA, CAN, EU, AUS or UK. On top of that, our app will also automate the entire dropshipping process for you, from product sourcing, product import, and 24/7 stock & price sync to auto-ordering, automatic payments, auto-import tracking numbers, and many other powerful features.
So, when choosing the best high ticket dropshipping suppliers, look for those that offer:
- Premium and high-quality products – you can make sure that’s true by ordering and checking the products and the delivery process yourself
- Fast shipping
- Great return policy
- 24/7 customer support
The steps to build a high-ticket dropshipping store
Let’s see now what are the main steps you need to follow to start a high-ticket dropshipping business.
Research all about the high-ticket dropshipping business model
As we keep saying, this is where you need to start when building a dropshipping store. You need to read and read and then read some more. And as there is an overwhelming amount of info out there about dropshipping, you have to find the right websites, courses or blogs that can give you all the correct info about this business model. This will help you understand if dropshipping is for you or not. Just take your time and don’t rush into anything before you understand how dropshipping works.
You can start with the next blogs:
Make a business plan
After doing your research, you should be ready to build a business plan for high-ticket dropshipping. This plan will help you study your competition, and your audience and also help you choose a product niche.
Here’s a great article that can help you
Choose a product niche
Before actually building your store, you need to choose which product niche to sell. The right niche is the one that’s not only seasonally trending, but will always be on-demand.
We recommend using tools like Google Trends, Keywords Planner or Semrush to see what’s trending in your area.
Here’s a more in-depth article on how to find the right dropshipping niche for you
Next are ten trending dropshipping products and niches to sell in 2023:
- Toys and baby products
- Eco-friendly products
- Pet supplies
- Beauty products
- Women clothing
- Home decoration
- Tech and gadgets
Choose a name for your online store
Now that you know what products you’re going to sell, you need to pick a name for your business and online store. How to start? Well, you can start by doing a Google search for a certain product and/or niche or schedule a meeting with your business partner or family and friends and start brainstorming some names.
Incorporate your company
This is a must step for every dropshipper, as choosing your business’s legal structure is very important. The way you handle this can have huge legal and financial implications for everything related to your business.
Read more on the legal issues behind dropshipping
Most dropshippers choose to setup a sole proprietorship or LLC if they want to dropship in the USA.
If you’re in the UK or want to dropship products there, then you can go for a sole trader or LTD.
Create your ecommerce store
Now you can start building your ecommerce store. You can choose to setup your store with either Shopify or WooCommerce.
Both these ecommerce platforms will give you all the tools needed to create from zero a great store.
Find a dropshipping supplier to source your products from
After you have your online store ready, you can also start importing products from different suppliers. We already talked about the ways you can search for suppliers and what you should look for when starting a high-ticket dropshipping store.
Start marketing and then advertising your products
This is the final step of your journey to building the best high-ticket dropshipping store.
Before setting up any advertising, you need to optimize your website for Google. We recommend doing keyword research on what your audience is searching for and building up your website around some of those keywords.
Now, you should start by advertising your products using Google Shopping Ads, Facebook, Instagram and Pinterest Ads.
And that’s how you build a functional high-ticket dropshipping store. But you will need to read a lot more on each of these steps, so start with our detailed guide for starting a dropshipping business.
The best high-ticket niches and products for dropshipping
These are the best high-ticket dropshipping niches and products you can start researching more about to see if they also trend in your region.
Living room and bedroom furniture
Furniture is one of the best high-ticket niches you can start to dropship. The demand for furniture is increasing every year. You can choose to sell furniture for the bedroom, like king beds and cabinets or dressers, or items for the living room, like couches, tables or chairs.
Keep in mind to always sell furniture made from the best materials, like wood or metal, and try adding furniture items at different price ranges.
These optical devices are also some of the top high ticket dropshipping products you can dropship. They are used mostly in offices and schools during presentations or discussions, but there are also people that also want them in their homes for watching a movie.
Consider adding portable and wireless projectors and keep in mind to have different projectors compatible with phones, computers, and other devices.
Electric bikes are seeing an increase in demand in the last few years, mostly because there are more and more people that choose to be more sustainable. So, consider offering different types of electric bikes, like three-wheeled or four-wheeled ones. Also, you can offer electric bikes for both adults and kids.
If you decide to open a bike shop then you can also add complimentary accessories for bikes, like helmets or grips.
Products for kids (such as play sets)
Selling products for kids can be great for a high-ticket dropshipping store. And these play sets are some of the best products you can sell. These are very popular mostly because they can be used either inside or outside. Try offering play sets in different colors, patterns, or shapes.
Outdoor recreation and activities (such as hammocks and umbrellas)
Now, if you choose to open an outdoor recreation store, then you can add many high-ticket products, like this hammock.
There are many other premium outdoor products you can add, such as this set with an umbrella and chairs for the garden.
Electronics and gadgets (such as laser printers or multifunctional printers)
These are also great high-ticket products you can dropship. There is a big audience out there for products like this multifunctional printer. So you can start an online store around these types of products, offering products for office (or home office) products.
Security and surveillance products (such as video surveillance cameras)
Surveillance products are also quite popular these days as more and more people want to keep their home safe. So, try offering different security products to see which works the best in your area, always look for the most advanced ones.
You can also add accessories, such as storage drives, and offer surveillance kits that include extra storage.
Another great high-ticket product is this safe, a heavy metal box where people can secure their most valuable items, like cash or jewelry.
Products for pets (such as cat tower and trees)
There are more and more people that have a pet, which means the demand is increasing every year. You can choose to sell many different types of high-ticket products for pets, such as cat trees or towers. Don’t forget to include products for dogs too, so you can reach a bigger audience.
Luxury jewelry (such as watches)
Probably the easiest high-ticket product in terms of shipping and packaging is jewelry. These products are easy to pack and deliver, the difficult part is finding the best suppliers for luxury jewelry.
And once you found your supplier (there are many jewelry suppliers on AppScenic) and decided on a few items to sell (like this luxury watch) you have to be able to compete with reputable online stores, like Tiffany & Co., that have already a huge audience.
But, if you do your research to see what’s missing from the market in your region, then you can gain traffic and orders by investing in Google Ads.
Product for home and kitchen (such as coffee machines)
Kitchen appliances, like this coffee machine, are great for a high-ticket store. Just be sure to include as many types of kitchen appliances as possible, from air fryers and food processors to the latest microwave and dishwasher.
Also, only include premium products that are the best and latest in their field if you want to have a chance in this very competitive market.
As you can see there are many types of products you can dropship in your high-ticket store. The hard part is deciding which niche and products are going to sell better in your respective region.
We recommend starting small, with just a few products from the same niche, let’s say electronics and gadgets, and test them on your market.
Keep in mind to always look for products with the best quality and come from reliable suppliers that can ship fast to your customers.
Here are some related articles that can help your high-ticket dropshipping journey:
Furniture dropshipping insights