No, it is not suitable for you to dropship high-ticket products if you are looking to start a dropshipping store with little to no investment. High-ticket products are expensive. You’d need to invest huge capital in setting up your store and marketing to attract high price-point buyers.
A high-end priced product is what you call a high-ticket product. One item is for more than $500. Examples of high-ticket products are sofas, chairs, good welders, expensive electronics, and more. Stores like IKEA deal in high-ticket products.
Because the items are expensive and novice dropshippers get dragged by the idea of making a huge profit by selling just one item, it is not easy as it seems.
Like any business model, dropshipping high-ticket products is not all sunshine and rainbows. There are a lot of drawbacks that one must go through before investing in high-ticket products for his Shopify store.
Here’s why dropshipping high-end products are not suitable for amateur drop shippers:
Setting up a Shopify store requires little to no investment as compared to other business models but when dropshipping high-ticket products, you will need more cash reserves.
Other than that, you would need to spend a huge capital on copywriting, photography, advertising, etc. Without attracting high point price buyers, your investment would go in vain.
Selling high-ticket products is not impossible if you are new to the e-commerce world. In fact, many aspiring dropshippers make huge profits while selling high-end products but experienced dropshippers with experience in sales funnel, marketing, branding and advertising stand a better chance of success than amateur dropshippers.
One must acquire the experience in guiding its customers throughout the buyer’s journey. However, amateur dropshippers are unfamiliar with the sales funnel and often end up scaring their customers.
Unless you are an experienced dropshipper or have a huge capital to invest in high-end products, it is better to play a safe game and dropship low-ticket products.
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