High Ticket Dropshipping: Best Niches, Products, And Suppliers
High ticket dropshipping lets you sell products like wedding rings and wine cabinets for a higher profit margin. The global dropshipping industry is continually growing and currently has an overall worth of $150 billion with a yearly growth rate of 28.8%. Now it’s the best time to start dropship high-end products.
What is High ticket dropshipping?
High ticket dropshipping is a form of dropshipping where you sell high-priced products instead of cheaper ones. Unlike the traditional dropshipping model aiming to sell large quantities of inexpensive products, high ticket dropshipping allows high-profit margins. This model relies on local suppliers for better shipping time and overall quality.
With high ticket dropshipping, it is not unlikely to see products such as automobiles or industrial machinery. And although high ticket dropshipping involves selling fewer products than the traditional method, the profit margins are higher thanks to the value of the products being sold.
10 Steps To Creating A Profitable High Ticket Droshipping Business
Here are 10 essentail steps you can implement to building your high ticket dropshipping store:
- Niche research
- Products research
- Finding local suppliers: email, talk on the phone, zoom, skype
- Calculate profitability and net profit margin (25-30% min)
- Copywriting skills to write an excellent copy that entices sales
- Build your store
- Create a sales funnel
- Set up customer service and support
- Follow up with customers to ask for reviews, text, photos, videos
- Get return customers
Focus on finding high-quality products to lower refund rates. A great choice will be a product with an established good reputation but not in the niches dominated by huge brands.
You can utilize Google Shopping, keyword tools, Google Trends, and reverse engineering software to analyze the market and the competition.
When you start to get consistent sales, it is time to scale and think of hiring a virtual assistant to manage your day-to-day business tasks.
Profitable High Ticket Dropshipping Niches
Although any niche has high ticket products, it is better to try a beginner-friendly one for your first dropshipping business.
Here are 20 extra niches to consider for high ticket dropshipping:
- Backyard tools and equipment
- Car gadgets and dashcam
- Electric skateboard, bicycles, and adult tricycles
- Gaming equipment
- Home bar equipment
- High-end outdoor sports gear: hiking, mountain climbing, skiing gear
- Hiking gears
- Home office furniture
- Home workout and fitness equipment
- Kids workspace equipment
- Kitchen gadgets and appliances
- Outdoor cooking accessories
- Outdoor furniture
- Professional photography
- Smart home dropshipping
- Smartwatches and accessories
- Survival gears
- Tabletop games
- Water sports equipment
For example, the home décor industry is expected to reach a market value of almost $900 million within five years. Changing consumer behavior and interest in home décor makes it a profitable niche for high ticket dropshipping.
Here are some elements you can consider when selecting a niche and products:
- Earning potential: people are willing to buy my products at higher prices with a minimum 30% net profit margin.
- Market demand: there will be enough people that are willing to purchase your products. You can use keyword research tools to check the search volume.
- Trends and seasonality: Evergreen niches related to health, fitness, sleeping, diet, home & garden are among the best. But do not exclude seasonal niches that peak in Q4 because you can make more than $50k in a few months selling toys.
- Your skills and hobbies: taking into account what you can do and like to do is important. But you must also be willing to learn new skills.
- Competition: Contrary to popular belief, competition is often a good sign that a niche is profitable. However, it would help if you researched who your competitors are. For example, it would be better to avoid selling washing machines to not compete with huge brands like Whirlpool or Samsung.
Although jewelry may seem one of the best products to dropship, other big-size items can be a good fit if you have suitable suppliers.
Different strategies can give good results depending on your level of expertise in marketing. You can sell products that have an established reputation or sell innovative/unique items.
Here are 5 beginner-friendly niches for high ticket dropshipping
Consumer electronics: electronics are always in demand and make it a profitable niche, coupled with their relatively high price tag. The consumer electronics industry has an expected growth rate of 5.3% annually.
And the rise of consumer income has led to an increase in consumer spending on electronic goods. Examples of high ticket consumer electronics are speakers, drones, DSLR cameras, smartphones, and “smart” techs.
Hair extensions: the hair extension niche is an evergreen segment because there will always be a demand for hair. In 2017, it raked in a net worth of almost $6 billion, and during the peak of the lockdown, it accounted for 63% of the eCommerce dropshipping global market. The growth of this industry is due to the increasing beauty awareness and standards of consumers.
Lawn and Garden care: on a general note, the lawn and garden care niche is a great place to find high-ticket products that can boost your dropshipping portfolio. It is also home to numerous sub-niches that one can explore to attract a narrower target audience.
Water sports: the water sports industry is worth roughly $45 billion and has seen an increase in participants by 30% in the last four years. The rise in interest in water-related sports means that this niche now has a wider audience willing to purchase products. Products in this niche can include kayaking equipment, paddleboards, or anchors.
Fitness equipment: thanks to the ever-evolving beauty standards and health concerns, the fitness niche will always be profitable. Increasing health issues, alongside the year of indoor stays thanks to the coronavirus, people are more concerned about their fitness and are looking to indoor remedies.
For this reason, the fitness equipment niche is booming and is currently valued at $10.7 billion presenting an avenue for eCommerce stakeholders to tap into.
16 high ticket dropshipping products
These are the top profitable niches for high ticket dropshipping, and they consist of a wide variety of products that your store can carry. Below is a list of easily accessible and lucrative high ticket dropshipping products you can start with;
Large Wall Paintings: large wall paintings account for almost 30% of the wall décor market share. These are the sort of products that basically sell themselves.
Small portable projectors: technological advancements are great, and home entertainment is at the center of it all. Projectors, in this regard, offer a fun way to spruce up any home, but the ones that deliver quality images can end up being large and difficult to carry. A mini projector is a brilliant idea because it shows high-quality images and can still fit into a bag for a commute.
Air fryers: air fryers are becoming all the rave thanks to consumer interest in healthy eating, social media promotion (TikTok), and cookbooks with endless recipes that recommend them.
Laser hair remover epilator: beauty products are always in vogue and thus stand as an evergreen niche. The laser hair remover tool is a great high-ticket product because of the increasing demand for non-invasive hair removal treatments that last.
Dumbbell Sets: home workouts are on the increase, especially after almost a year stuck indoors. Dumbbell sets cater to the health nuts of high-ticket drop shipping customers. These sets allow users to carry out full-body workouts from the comfort of their homes.
- Backyard gazebo and backyard shed
- Cigare cabinet
- Greenhouse and large tents
- Home theater seating
- Home security camera and ring security system
- Indoor golf simulator
- Massage chair
- Outdoor fitness station
- Wedding rings
- Wine cabinet, wine refrigerator
Advantages and Disadvantages of High Ticket Dropshipping
No business model is completely risk-free, especially if you are looking to generate a reasonable profit. High ticket dropshipping is a profitable field with its drawbacks as well. And we will be covering the pros and cons in this section.
Advantages of high-ticket dropshipping
Higher profits for each sale: with traditional drop shipping, the quantity of products you sell determines how much profit you make. With high ticket dropshipping, a single sale can generate a significant profit. A higher profit margin prompts reinvestment in the business and requires fewer sales to keep your business afloat.
Limited competition: high ticket dropshipping is not a fully explored field which makes it less competitive when compared to traditional dropshipping. This model focuses on unique products over trendy products, which limits the audience but reduces competition.
Lower resource cost: because high ticket dropshipping deals with select items, the inventory is reasonably smaller and easier to manage. A smaller inventory means that it is easier to manage and divert funds/resources to manage other aspects of the eCommerce store.
Targeted Marketing: the traditional dropshipping model markets products using a scatter-gun approach targeting a large audience, while high ticket dropshipping has a select audience. This unique audience makes it easier to streamline marketing strategies to target a specific type of individual. Targeted marketing leads to increased chances of sales.
Disadvantages of high-ticket dropshipping
Higher startup capital: the cost to start and maintain high ticket dropshipping is considerably higher when compared to the traditional model. You can develop an appealing website at an affordable price but running advertising campaigns is costly. Plus, you may need extra cash to purchase high ticket items.
Higher risk: as the potential profit increases, so does the risks. It is easy to resupply low-cost items that get lost in transit, but what would happen when a high-cost product is misplaced? Losses of that nature would drastically affect your business, and thus, entrepreneurs must consider the risks before stepping into this field.
High-end dropshipping suppliers – Dropship aggregators, directories and databases
For business owners intent on practicing the high ticket dropshipping business model, the beginning stages can seem challenging, especially when finding suppliers. An excellent high-end dropshipping supplier should have an excellent quality control process and a seamless record of service.
Here are three examples of already established high-end product suppliers:
Salehoo dropshipping and wholesale
Salehoo helps you find the best products from thousands of trusted dropshipping and wholesale suppliers at a competitive rate. Salehoo offers everything needed to build an eCommerce.
- Education and training: SaleHoo Educate provides online training courses by expert sellers to help you start a profitable eCommerce store on Shopify, Amazon, and more.
- Salehoo directory and lab give you access to 8,000 suppliers in a few clicks. SaleHoo Directory is for entrepreneurs who are looking for reliable wholesale and dropship suppliers for Amazon, eBay, and other online stores.
- Salehoo dropship: Add products directly from AliExpress to your new Shopify store. SaleHoo Dropship is one of the best tools for Shopify store owners looking for affordable and trusted Chinese suppliers.
You can become a Salehoo directory member to get access to vetted and trusted suppliers for a monthly fee of $67 or a one-time payment of $127 that gives you lifetime access. Here are below all the plans they offer:
Spocket helps you find a variety of products from thousands of dropshipping suppliers in the USA, Europe, and other locations at a competitive rate.
You can find a winning product to dropship with quick shipping time. It is easy to test the products and the suppliers’ reliability by ordering a sample.
To save time and improve order fulfillment, it integrates with the most common eCommerce platforms: BigCommerce, Shopify, Felex, Wix, Eciwid, Squarespace, WooCommerce, Square, Alibaba, Aliscraper, and Kmo Shops.
You can start using Spocket for free or try the Spocket academy, where you will learn to build and scale your high ticket dropshipping business:
- Email marketing and list building
- Analytics basics
- Shopify masterclass
- Build an online store with WordPress and Woocommerce
- Traffic generation
Spocket is a great choice for both beginners and experience dropshippers.
Dropshipping with Wholesale2B
Wholesale2B has operated since 2004 as one of the most reliable wholesale platforms to find suppliers and run a successful dropshipping business. You can use your account to:
- access the dropshippers directory
- select suppliers and choose from over 1 million products
- process unlimited orders
- get one-click order process
- benefit from automated dropship solutions
- access analytics tools and tracking syncing
- manage inventory
- set up products images and descriptions
- use their order fulfillment services
You can dropship using many platforms or eCommerce websites: eBay, Amazon, Shopify, Weebly, WordPress+WooCommerce store, BigCommerce, Ecwid, OpenCart, Magento, and 3Dcart, and other marketplaces. Whosale2B pricing ranges from $29.99 to $49.99.
In addition to articles and a video tutorial, Wholesale2B offers a complete dropshipping course accessible for anyone who activates a paid plan.
High ticket vs. low ticket drop shipping: which one is better?
While some people may argue that selling high ticket items will make you more money, it is not always the case. As a matter of fact, many giants like Amazon start by selling low-ticket items.
The truth is both dropshipping models can be highly profitable if you have a good strategy. In addition to having a good product, getting the right traffic and building a proper sales funnel are two crucial elements of your success.