Why Choose High-Ticket Dropshipping?
All this might sound great, but why should you focus on high-ticket products instead of low-ticket dropshipping? Before you start creating your high-ticket dropshipping store, let’s take a closer look.
High-Ticket vs. Low-Ticket
Low-ticket items are often under $100 or so. They can be fun to sell, but you need a lot of sales to make serious cash. High-ticket items are more expensive products that often start around $1,000 and go much higher.
What Are the Advantages of High-Ticket Dropshipping?
There are several reasons why high-ticket dropshipping can boost your bank account. With high-ticket sales, you’ll need way fewer sales to reach your profit goals.
Plus, people looking to buy pricey items mean business — they’re invested, and are generally less likely to hassle you with returns.
Let’s look at an example. We’ll assume that you’re selling phone cases at $20 each. Even if you make $10 profit per case, you’d need to sell 100 of them to make $1,000.
Think of making just one sale of a high-ticket item that also gives you $1,000 in profit — like selling phones rather than phone cases. Which sounds easier (and potentially more lucrative)?
With all this in mind, let’s explore the products that can net you higher profit margins. We’ll also look at some high-ticket dropshipping niches while we’re at it.