Business Accountants: High-Ticket Dropshipping: An In-Depth Guide to Entry and Success


From fidget spinners to dog toys, the conventional dropshipping model thrives on small, inexpensive products. But there’s another avenue that takes dropshipping to the luxury level — high-ticket dropshipping. This method focuses on products like 3D printers, engagement rings, and greenhouses, offering a different strategy and the potential for substantial profits.


Defining High-Ticket Dropshipping


At its core, dropshipping involves an ecommerce fulfillment method where products are shipped directly from suppliers to customers. This approach has appealed to online retailers for various reasons:


– Eliminates Shipping Hassles: Shipping logistics are handled by suppliers.

– No Inventory Management: No need to stock or manage inventory.
– Low Initial Capital: Starting up is feasible with minimal investment.
– Remote Operations: Run your business from anywhere.
– Scalability: The potential to scale is high.


The terms “low ticket” and “high ticket” classify the value of products. Low-ticket dropshipping often involves cheap items sourced from Chinese suppliers and sold on platforms like Shopify. However, high-ticket dropshipping takes a different path.


Low-Ticket vs. High-Ticket Dropshipping


In the low-ticket realm, products priced between $20 and $70 are popular. Such products are often sourced from China, and businesses capitalize on social media ads to drive impulse buying.


High-ticket dropshipping, on the other hand, deals with products ranging from $200 to $15,000+. These products usually come from domestic suppliers and are sold under the manufacturer’s brand. High-ticket businesses focus on:


– Higher Margins: Profits are generally better.
– Less Reliance on Sales Volume: The focus shifts from quantity to quality.
– Brand Reputation: Leveraging established brand reputation.
– Non-Impulse Purchases: Customers are usually seeking specific items.


Exploring High-Ticket Product Opportunities


Anton Kraly, Drop Ship Lifestyle’s founder, employs a five-step product research checklist:


1. Price Point: Look for products priced between $200 and $2,000.
2. Multiple Brands: Seek products with at least 20 brands available online-only.
3. Product Variety: Ensure there are around 100 unique products within the category.
4. Sufficient Demand: Use Google Keyword Planner to identify at least 20k monthly searches.
5. Limited Competition: Check that fewer than 10 stores sell each product.


Focused Approach


Sets up websites quickly, connects with suppliers, and learns about margins and pricing from them. He looks for products that:


– Are priced at $500 or more.
– Aren’t dominated by major brands.
– Are specific and unique.


High-Ticket Dropshipping Product Ideas


While possibilities are vast, here are a few ideas to spark your imagination:


– Kitchen Appliances: Air fryers, coffee makers, ice makers, induction stoves.
– Interior Design: Kitchen islands, range hoods, fireplaces.
– Outdoor Equipment: Surfboards, folding bikes, car roof racks, kitesurfing kites.
– Garden Equipment/Furniture: Pizza ovens, sheds, robotic lawn mowers, koi ponds.


Initiating High-Ticket Dropshipping


Starting high-ticket dropshipping involves a few key steps:


– Impressing Suppliers: Create a demo store to showcase how their products will be presented.
– Perfecting Your Store: Focus on differentiation, design, and user experience.
– Marketing Your Product: Leverage SEO for organic leads and invest in paid advertising.
– Margin Tracking: Monitor product-specific margins and adjust your strategy accordingly.
– Customer Service: Prioritize exceptional customer service to drive sales and build trust.


In the world of high-ticket dropshipping, understanding your product, suppliers, and customers is key. This approach demands dedication and effort, but it can lead to substantial rewards. Whether you follow a thorough research approach or engage in supplier relationships, success in high-ticket dropshipping lies in offering value and meeting customer needs effectively.



Your Outside Team

 

 

Need a bit of assistance with your business? Contact an Outside Accounting team member today and learn more about our fixed fees. You won’t regret it.

Aside from business consultation, we are business accountants Wellington who offer accountingbookkeeping, payroll services designed to help you achieve greater financial success.

You can click here to speak to a businessaccounting and bookkeeping firm. We will give you a call to know more about your needs. We will explain to you how we can improve your business. 

 

 

Contact 

Wellington Accountants | 

Business Accountants | 

Construction Accountants 

Property Accountants 

Contractor Accountants 

Hospitality Accountants |

Property Developer Accountants | Accountants Wellington | Wellington Accountant | Restaurant Accountants | Cafe Accountants | Business Consultation | Business Adviser

AddressLevel 2, 182 Vivian Street,
Te Aro, Wellington 6011, New Zealand 

Mail: PO Box 24-457, Wellington 6142

Phone04 889 2975

New Zealand Accounting, Bookkeeping & Property Business Consultancy Services | Wellington & Lower Hutt Xero Property Accountants Business coach business consultation business adviser

Wellington Accountants: Eliminate Tax Worries: Partner with Top Small Business Accountants

Are you launching a small business? Contemplating whether to hire a business accountant? Perhaps you’re considering bypassing the expense at startup, relying on numerous apps and accounting software. But hold on—engaging a small business accountant is crucial for growth and can alleviate your tax headaches. It’s an investment that pays off! The key is to find the best fit for your needs. Let us guide you on how to make that happen!

Read More »
New Zealand Accounting, Bookkeeping & Property Business Consultancy Services | Wellington & Lower Hutt Xero Property Accountants Business coach business consultation business adviser

Business Accountants: Exploring Business Structures: How to Choose the Right One for Your Venture

Embarking on the journey of entrepreneurship is exhilarating, but establishing the right business structure can be a daunting task. Whether you’re a solo entrepreneur or part of a larger team, understanding the different business structures and making the right choice is crucial for your long-term success. This guide aims to demystify the process and help you navigate the intricate world of business entities.

Read More »