In the world of dropshipping, high ticket dropshipping reigns supreme.
So if you’re looking to learn the ins and outs of high ticket dropshipping, then you’re in the right place. That’s because in this guide, I’m going to reveal the top niches, products, suppliers, and strategies to become a high ticket dropshipping expert.
Let’s get started…
High Ticket Dropshipping Pros And Cons
If you know me, you know I’m not a fan of any form of dropshipping. But if you’re going to get into dropshipping anyway, I would recommend high ticket dropshipping.
Of course, there are some pros and cons to keep in mind.
The great pro of high ticket dropshipping is that it involves high ticket products, which Facebook likes. As of right now, this means an expensive product with an AOV of at least $75 or above. Many high ticket dropshipping products range from a few hundred to a few thousand. This type of pricing is easier for Facebook to optimize and find affordable customers for.
High ticket dropshipping is also very email marketing friendly. Most dropshipping customer lists then to be relatively small. So if you’re only going to have 500 customers, would you rather sell a $10 product or a $100 product? Of course, $100. Plus, because you own their email address, you can take all the time in the world to sell them more stuff by sending weekly email newsletters. This fits perfectly with high ticket.
Lastly, high ticket dropshipping is a very small business friendly idea. Since you don’t have to spend anything on inventory, you can start today without paying a dime besides Shopify. In fact, it’s so simple and cheap to start, it’ll work even as a small side hustle idea you can do from home.
High ticket dropshipping products take a lot longer to sell. You can’t rely or assume there will be any impulse purchases. You have to assume it will take a week or even longer to make a sale. So it’s not going to be the fastest way to recoup your ad budget. This also means it’s going to be a slower process to adapt your Facebook ad strategies as you spend more.
High ticket dropshipping still suffers from the same problems as regular dropshipping. You’re still selling the same exact products as everyone else in the same category. It’s not your brand. Shipping times suck. Quality can be messy. You don’t own the brand. It’s lower margin than private label or customer. Basically, it’s not the ideal situation to be in as a business owner.
The Best High Ticket Dropshipping Niches
When you’re getting into high ticket dropshipping, the first step is to look into the best high ticket dropshipping niches so you can then pick products and suppliers. But first, what makes a good niche in the first place?
The first is demand.
Ultimately, you have to sell something people already want and already buy. However, you have to be extra careful with demand when it comes to high ticket dropshipping since you’re selling expensive stuff. You want to make sure you get a return.
The second is pricing.
If you want to do high ticket dropshipping, you need to sell something high ticket. Typically, this is going to range from a few hundred to a few thousand. Of course, what you ultimately decide on will depend on the other two factors, but having a price between those two is necessary.
The third is margins.
You’re not building a business unless you have the margins necessary to make a profit. So you want the highest margin possible in a category with great demand. This is the ultimate combination to build a profitable business of any kind.
The fourth is competition.
One great thing about high ticket dropshipping is that less people do it. So if you can find a category that contains products people need but are not sold often online, then you’re golden. It’ll automatically have higher margins even if you mess up selling at it.
When you take all 4 factors into account, you will notice this eliminates a lot of options. That is a good thing. It’s going to make life a lot easier for you to only have 10 categories to pick from versus trying to decide between 100 niches.
The Best High Ticket Dropshipping Products
Once you know what goes into a profitable niche, now it’s time to go into specific products. Feel free to use places like Spocket and Salehoo on top of other sources like Alibaba, which are popular sites that list many high ticket products. Just filter by category and price to find what you need. You can also try to find independent manufacturers that offer dropshipping services.
So with all of that said, what are the best high ticket dropshipping products?
Bicycles, electric bikes, and bike racks
Furniture or home improvement products
Digital cameras and camera accessories
Home theatre equipment
Watches and jewelry
Automotive equipment and accessories
Art and statuary
Drones and model aircraft
Again, the reason these categories do well is because people are able and willing to pay more for these types of products. For example, professional videographers are more than willing to pay $500 for a drone because it’s critical to their ability to film great video. Stuff like jewelry has been expensive since the early days of human history. Great bikes are also above $100, especially the professional kind.
You don’t need to sell all of these though. In fact, you shouldn’t.
It’s better you build 1 high ticket dropshipping store that specializes in just 1 of these categories. So an entire store focused on just drones or a store focused on just home theatre equipment. If you want to expand into other categories, then open another store. This will help build a strong brand and a more efficient and profitable business.
How To Start A High Ticket Dropshipping Business
So if you want to learn how to start a high ticket dropshipping business in the simplest, most efficient, most likely-to-work way, then here’s how I would go about it.
1/ First, have some extra capital and time. High ticket dropshipping takes time because people don’t usually make $1,000 impulse purchases. It’s also more expensive to make a sale even if you’re profitable. So you first want to have a small reserve of capital so you can survive the first few weeks, then reinvest the profits.
2/ Pick a high in demand niche you understand and enjoy. Since dropshipping is almost purely a marketing ploy, the way to win is to understand the category, product, and market better than anyone else. This will lead to much stronger advertising, emails, and overall copywriting. You’ll also be more likely to stick to it if you enjoy what you’re selling.
3/ Build a high ticket dropshipping store around 1 vertical. One mistake dropshippers make is that they sell everything under the sun. Don’t do that. It’s better to build an entire store focused on just drones versus 10 different categories. If you want to expand into other categories, then open another separate store.
4/ Create great ad creative that explains the product. Most high ticket products aren’t “if it looks good, I’m buying it” products. They typically must have a thorough explanation of what they are, what they’re made of, and more. So focus your ads on educating people why they should buy this product from you over everyone else.
5/ Be ready with your email marketing. As you start making sales, you want to be ready to send emails to your customer list. Ideally, you’re selling relevant things to this list. So if you just sold a drone to them, sell them another drone or some drone accessory. Don’t sell them furniture though, because it makes no sense. Here is where you make your real profit, so focus on it.
6/ Run your ads. Focus on getting the sale with the conversion objective on Facebook. But, be ready to run ads for 1-3 weeks before getting a sale. These things take time, so keep track of your budget and make sure you’ve set the correct target CPA so you’re not losing money in the process. Even if all you did was breakeven, you’re still doing great.