Would it be better to sell many inexpensive items or a small number of expensive ones? There are the advantages and disadvantages of each. In this post, we’ll answer these and other questions. So, let’s start! You’ll also a video version of this blog post.
To begin watching, click the ‘Play’ button below! Ensure to follow us on YouTube for weekly updates and insights! So, before you want to buy a dropshipping website, let’s know more about high ticket dropshipping.
High Ticket Dropshipping
First, when you’re new to this business model, we recommend bookmarking this page and reading our post “What Is Dropshipping?” and how you can look for “dropshipping websites for sale”. High-ticket dropshipping has defined as selling products for more than $200.
There isn’t a price ceiling here, and we’ve sold items for more than $5,000. But, in general, we’re looking at anything over $200. That is, when you use low-ticket dropshipping, you are selling products at retail prices of less than $200.
Why You Should Choose High-Ticket Thins to Dropship
Let’s pretend I’m giving you an actual store, such as a retail storefront, and I give you a choice. “You can have a Dollar Tree” (a store that sells everything for a dollar) or a Design Within Reach store,” I said (which is a high-end furniture store).
So, if you had to pick one, which one would, you choose to make money with?
Drawbacks of Dropshipping High Ticket Products
You may believe that high-ticket dropshipping is simply a more expensive business to start. You could see yourself selling low-ticket items because what’s the risk?
High-ticket sales, on the other hand, are a different ballgame. That is correct, but that is the beauty of it. When you’re going to build a dropshipping store and invest your time in one of these, why not make it the one with the most potential, the one that uses high-ticket dropshipping?
Remember, the beauty of dropshipping is that you don’t have to spend any money before you make any sales.
You’ll Find A Smaller Market
With a relatively small market, far fewer people are interested in purchasing a paddleboard than in purchasing a cell phone case. As a result, when it comes to eCommerce and dropshipping, most people gravitate toward low-ticket items.
They are concerned with making a large number of sales. As a result, they typically choose to dropship items such as cell phone cases or wax cloths.
Advantages of High Ticket Dropshipping
Dropshipping with high ticket items allows you to sell less and earn more. This thing boils down to a simple equation I call units sold versus profit. This is extremely important.
This equation completely transformed my business when I first realized it. I began by selling cookies online, and each order was worth an average of $15. When I realized this, I completely changed my business.
The two products are shown on the left. We have phone cases as well as stand-up paddleboards. Then there’s the sale price, which we’ll round up to make math easier.