Whether you’re an experienced dropshipper or just starting out, you may have had your eye on some dropshipping products that had a higher ticket price than usual.
Outside of the hype around cheaper products with high markups lies the whole new world of high ticket dropshipping. Some will tell you that it’s only for the brave, while others will swear by it. By the end of this article, you’ll have all of the information you need to make that choice for yourself.
Interested? Here’s our go-to guide to high-ticket dropshipping with US suppliers, below we’ll walk through the pros and cons of high ticket dropshipping, the best products and niches to dabble in, and last but not least, how to build a high ticket dropshipping store that converts traffic to sales.
It's a lot to cover, so let's get straight to it!
What's High Ticket Dropshipping?
Most dropshippers sell low-cost items at a high markup. For instance, sunglasses, jewelry, and mass-manufactured clothing mostly sourced through Alibaba dropshipping. This is commonly known as low ticket dropshipping.
In contrast, high ticket dropshipping is when you sell more expensive products. Typically, these cost more than $1,000. But, this isn't a blanket cut off sum, and you can sell high ticket items for a lot less. For instance, you could retail one-of-a-kind items for considerably more than a regular example of the same product.
To get a better idea of what we're talking about, check out the example below. There’s regular tumblers (the low ticket item), and a luxury version with a handmade unique design and engravings (the high ticket item).
An Example:
A regular tumbler with all of the amenities that a coffee drinking commuter may need:
A luxury one-of-a-kind tumbler with high-quality materials and an irresistible appeal.
This is an excellent example of high ticket drop shipping. After all, it's well-known that today’s consumers are increasingly keen not to use single-use items. Consequently, reusable tumblers for everyday use have become part of our consumer culture.
So, needless to say, selling luxurious, handcrafted tumblers from US suppliers is an ideal sales opportunity for that target audience. There are tons of people willing to pay more for higher quality and longevity.
They may be a one-off purchase, but they're also a great gift for busy on-the-go fashionistas, executives, and health-conscious consumers with an equally healthy bank balance.
So, if you weigh up selling ten of the cheaper tumblers for $20 = $200
And compare it to selling just five of the high ticket tumblers for $80 = $400!
As incredibly appealing as it sounds, we wouldn’t give you the good points without the bad. Before jumping headfirst into high ticket dropshipping, it’s essential to understand not only the pros but the cons of this business venture.
The Pros and Cons of High Ticket Dropshipping
Let’s start with the perks...
The Pros:
- You can generate more revenue by selling fewer items.
- With Spocket, you’ll have access to dropshipping suppliers from the USA and shorter delivery times
- Tracking orders is more straightforward because you have fewer customers to keep an eye on
- Potentially fewer customer support queries about your products.
- You can mix and match your merchandise, i.e., sell a few higher ticket dropshipping products for dramatic revenue generation, as well as more affordable items too. The choice is yours!
- You'll save time on product research because you don't have to sell as many items to generate a healthy profit.
- It's easier to target and tailor your marketing to appeal to a more specific target market.
The Cons:
Now for the drawbacks...
- Higher-end products = higher expectations. Consequently, there needs to be greater trust between you and your customers, which, of course, is harder to establish. After all, high-end products aren't impulse purchases. Your customers will do more research and think before they buy it.
- To boost your credibility, you may have to invest more in a professional-looking website and logo.
- You'll need a robust sales and marketing strategy to reach your target audience. Remember, you’re not selling things that people purchase on a whim.
- As such, you’ll have to send customers through a more significant sales funnel.
- For customers, returning larger or unusually sized items might pose a problem.
- You may experience a higher number of chargebacks.
- To reduce the number of chargebacks you receive, you'll need to provide exceptional customer service and have a clear and visible return policy.
The Best High Ticket Dropshipping Niches and Products
Fortunately, high ticket dropshipping products can surface within any niche, and appeal to a wide array of demographics. So, keeping the positives and pitfalls of high ticket drop shipping in mind, let’s look at some of the best products and niches to specialize in...
Unique Furniture
Consumers have caught the home-improvement bug, and it’s here to stay. People have particular visions about what they want in their homes, and you could be the supplier of their dream decor!
For example, this futuristic chair is a one-of-a-kind design that's bound to get some heads turning and create a futuristic appeal to any home.
Top Tip: When it comes to writing your sales copy, create a vision and lifestyle that customers can buy for themselves. Use your words to get them to visualize what it's like to own that piece of furniture. When people connect with your wares on an emotive level, they're more likely to make a purchase.
Jewelry/Watches
Why sell a $10 necklace or watch when you could market something bespoke for a lot more? Remember, your target audience boasts high end tastes that they can afford. Consumers can justify purchasing that one special handmade piece that they fell in love with on sight.
Whether you’re specializing in high end, one-off pieces or simply diversifying your current product display, having a more bespoke high-end collection is a great way to ease into high ticket dropshipping and increase your prospective margins.
Expensive Hobbies
Consumers value their downtime. Whether it’s quality time with the family or pursuing expensive hobbies like camping or diving, there are wares out there to suit every enthusiast.
If you’re already personally invested in a particular hobby, capitalize on that knowledge! You’re already the expert and know exactly what people like you are looking for. With a wide array of high-quality dropshipping suppliers from the USA, you’re bound to tap into a highly dedicated market.
Hobbies like camping and other outdoor adventures require high-quality equipment to keep you light and safe. Consumers are willing to make the investment for their hobbies and find that US dropshipping suppliers offer a greater range and quality of products.
After all, if you’re in the middle of the woods on a chilly night, wouldn't you want to make sure you’re warm and have a stable shelter?
Those who pursue expensive hobbies like skiing, scuba diving, extreme hiking, and so on, are passionate about their interests. So, they often save up for the best equipment they can afford. Needless to say, this can be an excellent moneymaker!
Statement Art/ Statues
We’ve all seen that generic poster of Paris on people’s walls and consumers don’t like their home to feel uninspiring and unoriginal.
It’s too easy to buy posters and other mass-produced art for your walls. The same goes for statues for your home or garden. They’re ten a penny. However, customers are looking to make their home a sanctuary that they can call their own. They’re keen to make their home as unique as they are.
Take this piece of abstract metal wall art as an example. It’s eye-catching, it won’t fade, and it’s made from long-lasting materials, so it’s sure to stand to the test of time. On top of that, it’s completely original and unique.
The same applies to one-off, and limited edition works by artists who are happy to sell through you. Some artists prefer to focus on their work and leave the sales and marketing to someone more experienced, which is why dropshipping on Etsy can seem appealing at first for one of a kind products.
However, Dropshipping on Etsy can be difficult, expensive, and end up costing you more than it's worth.
Fortunately, we’ve managed to accumulate a cohort of incredible art, jewelry and handcrafted items giving you the opportunity for a reasonable profit by dropshipping suppliers from the USA.
You can have some fun sourcing statement pieces crafted by artisans across the globe. Consumers love seeing the provenance of their artwork - by telling an item’s story, it makes the shopping process a more personal experience.
Novelty Gifts
You may think novelty gifts sit firmly towards the lower end of the dropshipping market, but that’s not necessarily the case.
A one of a kind, vintage executive chair is the perfect birthday gift, work gift, or house warming token. It’s a memorable (and useful) gift that won’t blend in with the rest.
These are just a few examples of lucrative high ticket dropshipping ventures. There are others, including:
- Home improvement products, e.g., air diffusers, water-saving showerheads, water filters, etc.
- Home appliances, e.g., coffee machines, food processors, ovens, dishwashers, etc.
- Home theater equipment, e.g., large screen TVs, soundbars, speaker systems, etc.
- Consumer electronics, e.g., tablets, projectors, headphones, etc.
%201.svg)
.svg)
