Dropshipping does not require a large investment upfront and almost anyone with a computer and internet connection can start this business model. In this article, we are going to discuss high-ticket dropshipping and we will discuss the best products you can focus on in order to get some good returns on your dropshipping business right from the start. Let’s get started!
What Is High-Ticket Dropshipping?
The simplest definition of a high-ticket dropshipping product is “an expensive product sold at a high price in a low volume”. High-ticket dropshipping is essentially the same as regular dropshipping. The difference is that the type of product you are selling is a “high priced” item, which is essentially more expensive.
Traditional dropshipping of smaller items means lower profit margins. Therefore, you must increase your sales volume to increase your revenue. In contrast, high-ticket dropshipping products give you a higher profit margin. Therefore, you don’t need to sell as many items to increase your revenue. Most of these dropshippers are experienced and can earn really big profits all year round.
The Characteristics of a Good High-Ticket Product
High Selling Price
A product that sells for a high price（$200 – $1,500 +） but gives the customer a good experience is considered a high-ticket product. A key factor to consider for this type of product is whether it can generate customers interest and get them to buy. If the selling price is too cheap, it may make customers suspect that the product is of poor quality.
With this product, you have a wider range of markups available due to its higher cost, and you can ensure your profit margin by comparing the wholesale price to the retail price you set. If your final price is too low, then your business may not be as profitable as it should be. While selling high-ticket products you need to choose the right market target and focus on providing your customers with a very good quality product.
How Can You Find High-Ticket Products for Dropshipping?
You can find high-ticket dropshipping products in several ways.
Search online on several platforms
You can search for suppliers of high-ticket products on eBay, Amazon, and Alibaba. Again, you should concentrate on finding suppliers that do not require customers to buy in bulk and try to find the supplier’s contact information so that you have more bargaining power when talking to them. There are many dropshipping wholesalers, but not all of them offer high-ticket dropshipping items like Drones, 3D Printers, High-End Watches, etc.
Search on Google Trends
When searching for a product on Google based on keywords, it will only bring up the most popular products. While this makes sense from a marketing standpoint, it often requires you to do your own research to find high-ticket products that are less competitive. Don’t limit yourself to the popular items listed on Google; search for products using keywords such as “wholesale + (product category)”. For example, if you want to wholesale beauty devices, use the keyword “wholesale beauty device electronics”.
Participation in fairs and trade shows
It is also a good idea to attend fairs and trade wars related to your product category. If you want to sell large home appliances, you can search for where home appliance fairs are held in your area. At these events, you can gather a lot of information about suppliers. Every year, there are many new products on display in the market, and these will greatly arouse buyers’ desire to buy. Don’t be blind though, to sell them successfully you have to make sure they are reasonably priced, high quality, and easy to sell.
What Are the Best Products for High-Ticket Dropshipping in 2022?
Here are some lists of products that could become high-ticket dropshipping in 2022 that can be used for reference.
- Air Fryers
With people being more health conscious today, air fryers are quickly becoming the kitchen appliance everyone is talking about. Air fryers can reduce heat without sacrificing any flavor, and people can enjoy fried foods to their heart’s content. Air fryers also use less electricity than other appliances, so they can save money too, all of which are features that make air fryers a good high-ticket product for e-commerce businesses.
- Indoor Grill
Due to the epidemic, people can’t grill outdoors often, so indoor grills have been created. Indoor grills don’t dirty up your home and you can enjoy grilling too. More and more people are relying on indoor grills because they are convenient and easy to use for everyone, and it is a promising and high-ticket substitute.
- Portable Projectors
Portable projectors are small, lightweight, easy to carry and have low noise. Most models support wireless connection for projection via software. They can be used at home, at parties and barbecues, and when outdoors, campers can watch their favorite movies while enjoying the great outdoors. Portable projectors are hot and with searches peaking during the holidays, they can make a good Christmas gift. If you want to boost your e-commerce site’s Christmas offerings, consider portable projectors as a possible high-ticket dropshipping product.
- Coffee Maker
Coffee is one of the best-selling products in the world and almost everyone drinks it. However, consumers are now more budget conscious and it is perhaps even cheaper to brew coffee at home.
- 3D Printers
Home 3D printers are becoming more and more popular, and people can create anything they want based on their imagination. This is a great device to make custom items all day long! In the future, you can expect these printers to become more affordable and efficient as technology evolves.
If you want to sell something of high value through your store, a 3D printer can be your first choice!
- Robotic Pool Cleaner
Robotic pool cleaning cleans and maintains their pools in a convenient and environmentally friendly way. Making it safer than ever for people to swim in outdoor pools! Since more and more people are considering these products, you should consider getting into this product as well. With this investment, your business can grow exponentially!
- Kitchen Appliances
Kitchen renovations are hot all year round, and induction cooktops are a much more popular product than traditional stoves. Since these are very expensive items, you can make a lot of profit.
How Can Honest Fulphilment Help Your High-Ticket Dropshipping Store?
High-ticket product reselling works in a similar way to regular reselling, except you, only sell high-value, expensive products. The key to success in this e-commerce model is to combine a profitable niche with a top-notch marketing strategy.
In addition, you still need to find reputable and reliable suppliers that are willing to fulfill your high-ticket orders on a drop ship basis. While you can find great suppliers on platforms like AliExpress and Alibaba, the process can be daunting and time-consuming. The way around this is to work with a reliable dropshipping sourcing and fulfillment agent like Honest Fulphilment. This agent will help you find reliable suppliers of drop shipments of bulk goods and check to ensure the quality of the products meets the requirements before shipping.