Top 10 Best High-Ticket Dropshipping Products
Top 10 Best High-Ticket Dropshipping Products
eCommerce is seen to grow exponentially in the coming years. eCommerce revenue is projected to grow by $6.54 trillion in 2022, up from $3.53 trillion in 2019. So, how do you get a piece of the pie? Our recommendation is high-ticket dropshipping.
Dropshipping, if you don’t know it yet, is a form of eCommerce business that allows you to sell items to customers without keeping your own inventory. Essentially, when a customer orders from your website, you’ll forward it to your supplier, and your supplier will deliver the items directly to your customer. The simplest way to look at it is that you function as a middle man between the manufacturer and the end-customer.
High-ticket dropshipping on the other hand is dropshipping high-value items that on average cost $1000. Dropshipping is an easy and lucrative business. But, high-ticket dropshipping will certainly give you bigger profits and faster returns. In fact, if you manage to build your own high-dropshipping store properly, chances are high that you’ll be earning up to 7-digit revenue in just a matter of months. Here’s a better reference to learn more about high-ticket dropshipping.
However, setting up a high-ticket dropshipping business is not as easy as you think. Many smart decisions have to be made to ensure that your actions and choices align with your goals. One of these is deciding for your target niche and identifying products. In this blog, We’ll be giving you some examples of best-selling products in high-ticket dropshipping that offer high margins and will surely give you faster returns.
What makes the best high-ticket dropshipping product?
Base Product with Upgrade Potential
The products that sell the most are those that have high potential for upsells. These are products with simple base models that allow for several upgrades. The key here is to offer both a simple base model and the upgrade versions so your customers will have the flexibility to choose which one works for them.
The More Complicated, the Better
Honestly speaking, competition in eCommerce nowadays is crazy. In a time when you can find almost everything on the internet, how do you stand out? The answer here is to sell a complicated product. Complicated products have less competition as compared to those simple products. The good thing with complicated products is that they oftentimes serve more value and are constantly sought after by select consumers. These are products that combine both the needs and wants of consumers. The only catch here is that you need to learn about what you’re selling to be able to sell it effectively. Here is where the buying guides and manuals will come in.
Products with Generous Margins
So, do you want to get faster returns? If yes, then choosing a supplier with a product that offers high margins is a must. This also means that you will need to check out different suppliers and compare the margins for each product being offered to you. Once you do it, that’s the only time that you can efficiently decide which products to get from one supplier and which ones to source out from the other.
eCommerce relies heavily on Marketing. That is why it’s extremely important to choose a product that is easy to market within your chosen niche. With high-ticket dropshipping, having a solid marketing strategy on SEO and Social media will dramatically increase your chances of selling. That’s the main reason why you should choose a niche that grants online advertisements.
High Search Volume
So, do you already have a product in mind? Does it have a high search volume? Is it in demand? Do people actually need it? In choosing a product, it’s not enough that you think of it as a rock star product, your product has to be able to sell itself; and one of the ways to know if it’s worth selling is by researching it on Google Trends, or searching for its keyword on KWFinder. By doing so, you’ll be able how many people are interested in your chosen product.
Best High-Ticket Items to Dropship
These are the top qualifications that you need to consider in identifying the high-ticket products that you can effectively sell. Now, let’s go to the main subject... Here are the top 10 products that we recommend for your high-ticket dropshipping business.
1. Kegerators and Beer Brewing
Kegerators and Beer brewing is a niche that’s very popular right now and has all the criteria we’ve listed. Simply put, people love beer and many people now prefer to brew their own beer because of being stuck at home brought about by the pandemic. Kegerators are used to chill beer kegs for serving while beer brewers are perfect for those who want to experiment on their own. All you need to do is search on Google to see what a normal home brewing setup would look like.
2. Infrared Saunas
Infrared saunas are getting a lot of traction right now because of its cool technology. This product is certainly expensive and profitable, making it a great high-ticket product. Customers love them because they get the same ambiance of a spa without leaving the comfort of their home and without the worry of being with other people. This product is pretty easy and quick to assemble. In fact, I have sold many of these online and can highly recommend them.
3. Steam Showers
Steam showers are very expensive products. Customers love them because it gives them a more relaxing shower experience in their own homes. Steam showers may be big, but that’s because it offers bigger margins and profits. This is certainly a great niche but it works best as an additional category in a little bit broader store since there’s not much dropshipping suppliers available, and the search volume is fairly low compared to other product categories.
4. Electric Fireplace
Electric fireplaces are setting the standards for smart houses. This fireplace is extremely safe as it has no smoke and entails no danger to children. There are even electric fireplaces where you can just have the fire and no heat. Having a fireplace is essential in any home, which is why many customers love it. Plus, it’s a lot easier to use than a traditional fireplace.
5. Massage chairs
Massage chairs have gained popularity in the recent months. Customers are now spending more on things that bring joy to them and one of those products is a massage chair. After a long day at work, people just want to lay down and relax while scrolling on Facebook.
Massage chairs are quite big and bulky, so shipping costs are high and the cost of return shipping will be high as well in case of defects or damage – thus, it’s important to find a reliable supplier. Here are some tips on how to find the best drop ship supplier.
6. Golf Simulators
Golf simulator is a quite interesting niche as it has both high-value and some low-cost types. This is a good product since it has great upsell potential. This product is a sure fire hit among golfers who need a way to practice their swing while at home. However, some of the best dropshipping suppliers only partner with professionals who they see as trustworthy. Thus, it’s important that the first impression that you will give them will make you look professional. If you don’t know how to start, here are some tips on how you can start your dropshipping business.
7. Massage Tables
A Massage table is a niche that works perfectly for both consumers and businesses. This product sells very well online since it can be challenging to find one of good quality locally. This is an example of a product with great upsell potential and so is a good niche for beginners as you can start small and have plenty of room to expand. There are also other products that you can offer like massage chairs that may sell together with this one.
8. Wine Coolers
Wine coolers have high competition online but don’t get discouraged because this product sells like crazy. People love drinking good wine at home, so the best way of storing their wine to preserve its quality is by investing in a wine cooler. This niche has a huge cross-selling potential so it makes a great niche for beginners.
Like wine drinkers, cigars also need a way to keep their cigars from being stale. This is exactly why a humidor is a good investment for these individuals. Humidors are difficult to source locally, that's why they sell pretty good online. This is a good market to tap as it has fairly low competition. It’s also a great niche if you’re looking for customers who will likely spend more even without heavy marketing.
10. Game Room Tables
Game room tables include billiards tables, foosball tables, air hockey tables, poker tables, etc. These products are very popular for young adults and families so they can host parties and entertain guests. The price point is relatively high as well as shipping so you need to be careful in competing for customers online. These products will go great in eCommerce stores selling stuff for a home bar environment like a kegerator, wine coolers, and home theater entertainment packages, since the same niche of customers have the same interest.
Once you've chosen which product category to get started with, the next steps are:
- Setup a free Shopify store,
- Build a demo store using the best Shopify theme
- Find the best dropshipping suppliers using the best dropship supplier directory and fill out their dealer application to become an authorized dealer.
Setting Up Your Dropshipping Business
Once you get some suppliers on-board, you can upload their product catalog to your website as if its your own, and start marketing their products online with Google ads, Facebook ads, and more!
But other than setting up your store and onboarding products, there are other things that you need to take care of including the following:
Apply for a Credit Card for your Dropshipping Business
To make your transactions a lot easier, it's better to have a separate credit card that you can use specifically for your dropshipping business. This will not only make your life easier but also leave you with more opportunities to earn more from your credit card's bonuses and perks. If you want to know more, then check out the Best Credit Cards for Dropshipping.
Get a Business Checking Accounts
In running a business, it's important that your finances are managed well. You need to make sure that your transactions for your business do not mix with your personal expenses. That is exactly why you need to have a business checking account - and to make your life easier, check out the Best Business Bank Accounts for Dropshipping.
Make it Formal!
If you've already crafted a business plan to jumpstart your dropshipping business, then make sure that you've got all the steps covered. This ofcourse includes making your business formal with all the necessary licenses and permits. To help you with this, check out our blog on business formation.
eCommerce Paradise was created by Trevor Fenner of Seattle, Washington in 2015 to help you, the entrepreneur, to start and scale your own eCommerce business. Trevor owns multiple 7-figure eCommerce stores and is a digital nomad, traveling the world while working remotely with the help of his team of virtual assistants from around the world. Trevor is currently located in Bali, Indonesia, and is a passionate skateboarder, surfer, scuba diver, photographer, environmentalist, outdoorsman, fitness and tattoo enthusiast.
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