The best high ticket dropshipping niches and products are:
- High end kitchen appliances
- Electronics
- Fitness equipment
- Furniture
- Sports equipment
- Luxury watches
- Smart home systems
- High end gardening equipment
- Outdoor gear
- Car parts and accessories
- Audio devices
- Electric micro-vehicles
There are tons of high ticket dropshipping products and niches you can explore. Dropshipping has many money-making opportunities. It's full of business ideas waiting to be used. A report by Grand View Research says the dropshipping market in the U.S. saw an 8% increase. This happened in the first quarter of 2023. This growth is driven by the low barrier to entry. You can start a dropshipping business with minimal upfront investment. You can use platforms like Shopify and WooCommerce. They let you set up online stores quickly. In fact, Shopify reported that the number of new dropshipping stores on their platform increased by 10% in early 2023. Also, the ability to work from anywhere and the chance for high profits make dropshipping attractive. A survey by eCommerceFuel found that successful dropshippers can achieve up to 30% profit margins.
However, dropshipping has a handful of issues you need to consider before you dive headfirst into the industry. High competition is a big challenge. Over 60% of new dropshipping businesses fail in the first year, according to a study by Oberlo. Market saturation can make it difficult to stand out, especially in popular niches. Another hurdle is building customer trust. Consumers are often wary of buying from unknown online stores. In addition, managing inventory can be a constant headache. You rely on suppliers to keep products in stock.
A survey by eCommerceFuel found that 45% of dropshippers have issues with inventory. Uncontrollable shipping delays can also lead to dissatisfied customers and bad reviews. ShipStation says 30% of online shoppers have had big shipping delays in the past year. Knowing these challenges and preparing for them can help you navigate dropshipping better. It can also increase your chances of success.
This article will show you 12 high-ticket dropshipping niches and products. They will help you start your own business. We will include example products, their estimated costs, and how much you can sell them for. Additionally, we will discuss the worst high ticket dropshipping products and niches you need to avoid. Lastly, we will introduce a business model that is far better than high ticket dropshipping.
1. High end kitchen appliances
High-end kitchen appliances are not only in demand, they also go for anywhere between $500 to $2,000. According to a report by Statista, the kitchen appliance market in the U.S. is expected to grow by 3.7% annually. These appliances include items like professional-grade blenders, espresso machines, and smart ovens.
A survey by Consumer Reports found that 75% of consumers will pay more for kitchen appliances. They want ones with advanced features and better performance. This willingness to invest in quality. It makes high-end kitchen appliances a profitable niche for dropshipping.
Here are some product examples. It includes their estimated cost and how much you can sell them for:
KitchenAid Stand Mixer:
- Cost: $250 to $500
- Retail: $350 to $700
Le Creuset Cookware Set:
- Cost: $400 to $800
- Retail: $600 to $1,200
Breville Smart Oven:
- Cost: $200 to $400
- Retail: $300 to $500
Pros
You have a wide range of high end kitchen appliances to choose from
High end kitchen appliances are always in demand, especially since most families in the world have a kitchen.
Profit margins are higher since they typically go for a lot of money.
Cons
There might be problems with shipping since high end kitchen appliances are bulky and heavy.
High end kitchen appliances can be costly if you accidentally damage them and are unable to sell them.
Most consumers buy high end kitchen appliances from trusted brands.
In his YouTube video, Derick Agyei explains why luxury kitchen appliances are selling well. More people are cooking at home. The kitchen has become the heart of the home. Derick believes there is a growing demand for high-end kitchen appliances. Items like stand mixers make baking easy. Espresso machines bring the coffee shop home. Powerful blenders make smoothies and soups. These items are very popular. Selling these products taps into a market of home cooks. They always want the best tools for their kitchens.
According to Derick, it’s important to choose products from reputable brands known for quality and durability. These brands not only work well but also look elegant in any kitchen. Happy customers will like that these appliances are reliable and efficient. This will make them more likely to buy again.
2. Electronics
Consumer electronics is arguably the most popular niche in dropshipping today. Consumer electronics is a term for electronic gadgets and devices for daily use. They include smartphones, laptops, tablets, and more. The Consumer Technology Association says the average American household owns 25 connected devices. This shows the high demand for electronics.
A report by Statista shows that U.S. consumer electronics sales are expected to grow by 3.5% each year. This shows a steady rise in demand. This makes electronics a highly lucrative and ever-growing niche for dropshipping. In addition, a survey by the Pew Research Center found that 85% of Americans own a smartphone. 77% own a laptop or desktop computer. This underscores the widespread use of these devices.
Here are some product examples. It includes their estimated cost and how much you can sell them for:
Smartphones:
- Cost: $200 to $1,500
- Retail: $300 to $2,000
Laptops:
- Cost: $300 to $3,000
- Retail: $500 to $4,000
Gaming consoles:
- $200 to $500
- $400 to $800
Pros
The demand for electronics just keeps growing as time passes by. Technology will always be a part of every person’s life, no matter how old or young they are.
You can sell all kinds of electronics. From smartphones to gaming consoles, you will never be limited to just one product.
You don’t have to do extensive research or go on a deep dive to understand what the latest trends are. A quick google search is all you need to know what to sell and when to sell them.
Cons
You’ll have to compete with established retailers and video game companies themselves. Usually, the lowest price wins. But, it can lead to low profits if you battle other dropshippers and sellers.
Consumers usually feel secure when buying electronics from stores. The stores must already have a reputation. Why would they buy a PS5 from a random dropshipper when they can buy one from Amazon instead?
Technology advances quickly. This can hurt your business if you fail to keep up. You need to regularly update your product listings to match what’s trending.
3. Fitness equipment
The demand for fitness equipment has increased. This is due to the surge in people working out or just interested in fitness. A report by the International Health, Racquet & Sportsclub Association (IHRSA) says that sales of home fitness equipment grew by 84% in 2020. They have stayed strong. Studies also show that 52% of Americans prefer to work out at home and build their own home gym. This makes dropshipping fitness equipment a profitable business. You can cater to both gym owners and casual fitness enthusiasts.
A survey by RunRepeat found that 59% of Americans plan to keep working out at home even after gyms have reopened. This shows a lasting demand for home fitness gear. This includes items like treadmills, stationary bikes, and weight sets. Also, the NPD Group reports that sales of fitness equipment, like dumbbells and kettlebells, have increased a lot. Some categories have grown by over 100%. This trend makes fitness equipment a lucrative niche for dropshipping.
Here are some product examples. It includes their estimated cost and how much you can sell them for:
Treadmills:
- Cost: $1,000 to $4,000
- Retail: $1,500 to $6,000
Indoor cycling bicycles:
- Cost: $500 to $2,500
- Retail: $800 to $3,500
Rowing machines:
- Cost: $600 to $2,500
- Retail: $900 to $3,500
Pros
The fitness industry keeps growing, especially since individuals are becoming more health conscious.
You can dropship a wide range of equipment. They all have higher profit margins than low ticket fitness equipment. You can sell treadmills, barbells, dumbbell sets, and many others.
The demand for fitness equipment is at an all time high. This is thanks to the growing number of people becoming more knowledgeable about fitness.
Cons
Keeping inventory might be difficult since fitness equipment is usually big and heavy.
People are more likely to buy fitness equipment from brands and companies. The brands and companies are already established.
Many other brands, companies, and businesses sell fitness equipment. There are hundreds, if not thousands. They sell all kinds of it. This means competition will be intense.
In a YouTube video, Trevor says that fitness equipment is a top dropshipping product. It sells very well. According to Trevor, things like basketball hoops, batting cages, and pitching machines are in high demand. Golf simulators too. They also have impressive profit margins. For example, basketball hoops cost $2,000 to $5,000. They have over 74,000 monthly searches. Batting cages cost $6,000 to $8,000. They have less competition, despite lower search volumes.
Trevor emphasizes the importance of understanding market seasonality and search volume dynamics. Baseball pitching machines cost $1,000 to $5,000. Demand for them peaks in summer, so timing inventory is crucial. Schools and gyms often make bulk orders for indoor bleachers and baseball scoreboards. They bring substantial profits, despite lower search volumes. Dropshippers focus on these high-value niche products. They leverage platforms like Shopify, Instagram, Facebook, and Google AdWords. This lets them tap into a market of dedicated fitness enthusiasts and organizations. It ensures consistent and profitable sales throughout the year.
4. Furniture
One of the best dropshipping products you can sell is furniture. Furniture is vital to every home. This makes it an excellent high-ticket product to dropship. You can sell different kinds of furniture such as:
Sofas:
- Cost: $500 to $2,500
- Retail: $800 to $3,500
Dining tables and chairs:
- Cost: $200 to $2,000
- Retail: $400 to $3,000
Office desks and chairs:
- Cost: $500 to $1,000
- Retail: $800 to $1,500
Pros
You can sell all kinds of furniture, which allows you to offer a wide range of products to your customers.
You can easily upsell complementary accessories or additional items. Examples of these carpets, rugs, and many others.
The furniture industry was worth about $548 billion in 2021. It surpassed $780 billion last year.
Cons
Shipping huge pieces of furniture can be very difficult. They are bulky and heavy. Also, they could be damaged during deliveries.
Handling returns and replacements is expensive and tiring. This is especially true. Most buyers need help to assemble or install their furniture.
Furniture is one of the most saturated niches in dropshipping. You will have to find a way to stand out. You will have to compete with larger, more established furniture retailers.
n a YouTube video by AutoDS - Automatic Dropshipping Tools, they highlight that furniture is profitable. It's a high-ticket dropshipping product. According to AutoDS, furniture pieces sell for around $230 on average. They offer big profits, although actual prices can vary. Many pieces cost $200 to $300. This makes them ideal for high-ticket dropshipping. Top suppliers for furniture include Wayfair. It is known for its wide range and great customer service. The AutoDS Marketplace offers winning products and clear shipping times. Amazon has limited Prime access for large items. But, it is still a top supplier. Target has a wide variety of products. Walmart offers low prices and a price match policy.
AutoDS believes that the furniture niche has many popular and profitable items. These include: three-drawer wood dressers, which are essential in many rooms. We have metal platform bed frames in multiple sizes and wooden headboards. Also, we offer jewelry cabinets for women, sofas of all sizes, and kitchen and dining tables. You can buy the tables individually or as part of sets. By offering these products, you can cater to diverse customer needs and increase their average order value.
5. Sports equipment
High ticket sports equipment refers to any expensive product used in sports. Traditional dropshipping lets you sell cheap sports equipment. But, selling expensive sports equipment takes time. The Sports & Fitness Industry Association says the average American household spends about $700 per year on sports and fitness gear. This spending shows a big market. This category includes items like high-end bicycles, treadmills, and advanced golf clubs.
A report by IBISWorld shows that the U.S. market for sports equipment is expected to grow by 2.5% annually, reflecting steady demand. Also, a survey by the National Sporting Goods Association found that 60% of sports enthusiasts are willing to invest in good gear. They do so to perform better. This makes high ticket sports gear a promising niche for dropshipping.
Here are some product examples. It includes their estimated cost and how much you can sell them for:
Golf:
- Low ticket product: Golf balls
- High ticket product: Golf clubs
Basketball:
- Low ticket product: Basketball
- High ticket product: Board and rim
Tennis:
- Low ticket product: Tennis ball
- High ticket product: Tennis racket
Here are some examples of expensive sports equipment you can dropship. It includes their cost and sale price:
Golf clubs:
- Cost: $200 to $1,500
- Retail: $300 to $2,000
Cycling bikes:
- Cost: $300 to $2,000
- Retail: $500 to $4,000
Basketball hoops:
- Cost: $200 to $1,000
- Retail: $300 to $1,500
Pros
You can offer a variety of sports equipment. It can cater to different types of athletes. This can lead to more orders and sales.
The sports equipment industry made about $480 billion. It is projected to exceed $817 billion by 2028. This further proves that the demand for sports equipment won't slow down soon.
People who purchase sports equipment typically stay loyal to brands that serve them well. Building client relationships and giving great support lead to repeat clients. They also lead to referrals and loyalty.
Cons
Athletes engage in strenuous physical activities that often require high quality products. Failing to provide products that are durable and long lasting could hinder the growth of your business.
You’ll have to compete with sports brands. They have been in the game for a long time. They have already become industry leaders.
Returns and replacements can be very stressful. You can't control product quality or store huge sports items.
6. Luxury watches
Luxury watches have been around for decades, but it is only recently that they’ve started gaining the attention of the public. According to a report by McKinsey, the used luxury watch market is expected to grow by 8-10% each year. This growth reflects rising consumer interest.
A survey by Deloitte found that 60% of millennials want to buy luxury watches. This shows a strong market among younger consumers. This interest is driven by three things: skill, status, and investment. Luxury watches offer all three. Also, WatchPro says that online sales of luxury watches have increased by 20% in the past year. This makes it a promising niche for dropshipping.
Here are some product examples. It includes their estimated cost and how much you can sell them for:
Rolex Submariner:
- Cost: $8,000 to $10,000
- Retail: $10,000 to $14,000
Omega Seamaster Planet Ocean:
- Cost: $3,000 to $6,000
- Retail: $4,000 to $8,000
Tag Heuer Carrera:
- Cost: $2,000 to $5,000
- Retail: $3,000 to $6,000
Pros
Luxury watches often have higher profit margins. This lets you make lots of money by selling just a few pieces.
You can target your marketing at a select group of people. They are watch enthusiasts, collectors, or simply the rich. This simplifies the work you have to put into marketing and advertising.
The demand for fitness equipment is at an all time high. This is because more and more people know more about fitness.
Cons
Dropshipping luxury watches requires a high initial investment to get started.
The value of watches are very volatile. Prices fluctuate a lot. This depends on the economy, markets, consumer trends, and more.
Counterfeit goods are very common today. Luxury watches are no exception. If you sell luxury watches without being an expert, you might end up being scammed into buying fakes.
Anthony Tambellini found success with high-ticket dropshipping for luxury watches. His success highlights the profits possible in this niche market. Tambellini is a seasoned e-commerce entrepreneur. He saw a gap for premium timepieces and built a profitable online store. It focuses on high-end brands like Rolex, Omega, and Tag Heuer. His store's average order value was about $4,200, much higher than typical e-commerce transactions. It attracted rich customers willing to invest in quality watches. Tambellini's strategy involved careful product selection. He also built strong relationships with reputable suppliers. This was to ensure the authenticity and quality of the products. Securing partnerships with authorized dealers and wholesalers was crucial.
Anthony also used advanced SEO. He did targeted ads on Instagram and Facebook. He also did influencer collaborations. This led to a 30% traffic increase and a 15% sales boost in a month. Tambellini built trust and loyalty among clients. They did this by offering personalized shopping and 24/7 customer support. 70% of customers made multiple purchases. His focus on quality and customer satisfaction boosted sales. It also ensured high customer retention.
7. Smart home systems
Smart home systems are devices that are designed to make life at home easier and more convenient. For example, a study by the Consumer Technology Association found that homeowners who use smart thermostats save $131 per year on energy bills. These gadgets were first introduced during the early 2000s and have rapidly developed, thanks to the rise of the digital age for the past 10 years. According to a report by Statista, the number of households with smart home devices in the U.S. has increased by 20 million since 2015. It highlights their growing popularity.
Here are some product examples. It includes their estimated cost and how much you can sell them for:
Smart security cameras:
- Cost: $100 to $300
- Retail: $200 to $500
Smart lighting systems:
- Cost: $150 to $250
- Retail: $200 to $400
Smart door locks:
- Cost: $150 to $300
- Retail: $200 to $500
Pros
A survey by MediaPost found that over 69% of US homes have at least one smart device. This high demand shows the need for smart home tech.
Smart home systems offer convenience and automation. They can appeal to consumers from all walks of life.
Smart home systems have many smart devices. They work together, so you can upsell and have repeat customers.
Cons
Smart home systems evolve rapidly. Failing to keep up with fast-changing tech could hurt your business. It might even make it go bankrupt.
Selling smart home systems requires a certain level of knowledge and expertise. Like any business, selling a product you know nothing about is a disa
Selling smart home tech is a saturated niche. It's filled with hundreds of sellers. They all compete against each other, from regular dropshippers to big companies.
8. High end gardening equipment
Contrary to popular belief, gardening is a hobby that 55% of American households enjoy. The National Gardening Association says the average household spends about $503 per year. They spend it on gardening supplies and equipment. In addition, gardening pros and fans also garden for a living. This makes the product profitable and sustainable.
A survey by Garden Research found that 35% of gardeners will invest in high-quality tools. They will do this to improve their gardening. This includes items such as top-tier irrigation systems. It also includes high-end lawn mowers and pro-grade gardening tools. Also, the U.S. Bureau of Labor Statistics reports that employment for grounds maintenance workers will grow by 10% over the next decade. This group includes professional gardeners. This shows a steady demand for high-end gardening equipment.
Here are some product examples. It includes their estimated cost and how much you can sell them for:
Robotic lawn mowers:
- Cost: $800 to $3,000
- Retail: $1,200 to $4,000
Garden power tools:
- Cost: $500 to $2,000
- Retail: $800 to $3,000
Garden sheds:
- Cost: $1,000 to $4,000
- Retail: $2,000 to $6,000
Pros
High-end gardening equipment is for a niche market. The market is made up of professionals, hobbyists, and enthusiasts. This streamlines your marketing and advertising. It appeals directly to customers interested in your product.
You can upsell and cross-sell many gardening tools at once. This inevitably boosts sales and profit. In addition to regular gardening tools, you can also offer safety gear. You can also offer maintenance supplies and many other items.
You can ride the coattails of established brands in gardening. You can do this by selling their tools and equipment. This avoids the need to build public trust. It also increases the chance of repeat clients and referrals.
Cons
Selling a niche product leads to easy marketing and advertising. But, it also shows a limited target market. Truth be told, not everyone is willing to spend hundreds or thousands of dollars on gardening tools.
Selling expensive products often comes with high expectations. Customers pay hundreds, or even thousands, of dollars. Failing to live up to those expectations could be the beginning of the end for your business.
Problems with shipping and inventory may come up. This is due to the size and weight of expensive gardening equipment.
In a YouTube video by Build Assets Online, Joe and Mike talk about high-end gardening tools. They say these tools are top high-ticket dropshipping products. According to them, items like greenhouses, koi pond kits, and stump grinders have big profit margins. This is because they have high demand and prices. Greenhouses, for example, are modular and can range from $2,000 to $5,000, making them ideal for dropshipping. Koi pond kits include pumps and liners. They form another profitable niche. The kits have low search volume but high price and little competition. Stump grinders are often priced between $1,000 and $4,000. They are also noted for their usefulness in post-storm cleanups and landscaping.
Joe and Mike emphasize the value of using SEO and targeted ads. These tools capture these markets well. They note that suppliers, like Wayfair and niche-specific ones, can provide the needed inventory. Also, making detailed content about these products can boost search rankings. It can also attract customers. This includes how-to guides and thorough product descriptions. They focus on these expensive gardening tools and use smart marketing. This lets dropshippers tap into a lucrative market with big profits.
9. Outdoor gear
Outdoor gear is tools and equipment used for outdoor activities. These include hiking, rock climbing, camping, and more. The Outdoor Industry Association says outdoor fans spend about $450 per year on gear. This includes items like high-quality tents, backpacks, and climbing gear.
The Adventure Travel Trade Association did a survey. It found that 70% of outdoor enthusiasts will pay more for tough and reliable gear. Also, REI Co-op reports that sales of outdoor gear have risen by 15% over the past year. This reflects a growing interest in outdoor activities. This makes outdoor gear a profitable niche for dropshipping. Consumers will invest in high-quality equipment for adventures.
Here are some product examples. It includes their estimated cost and how much you can sell them for:
Expedition backpacks:
- Cost: $200 to $600
- Retail: $300 to $900
High end camping tents:
- Cost: $500 to $2,000
- Retail: $750 to $3,000
Premium sleeping bags:
- Cost: $200 to $800
- Retail: $300 to $1,200
Pros
You can build a loyal customer base. You just need to satisfy them with great products and great service.
Outdoor gear is often used for physical activities. They need lots of tools and equipment. This opens up upselling and cross-selling opportunities for every order that is placed.
You can charge more for your products. This is because outdoor tools and equipment don’t go for thousands of dollars. This makes them easier to sell.
Cons
The outdoor gear market is relatively smaller compared to other niches. As of 2023, the outdoor gear industry is only valued at $23.65 billion.
Consumers tend to buy low ticket outdoor gear instead of high ticket gear. This is because there are more options and they are more affordable.
Failure to guarantee the quality of outdoor tools and equipment can ultimately lead to accidents and injurie
10. Car parts and accessories
The automobile market is arguably one of the biggest industries, not just in the US, but in the entire world. Selling car parts opens up the opportunity to have access to this huge market. The Auto Care Association says the average American household spends about $1,200 every year on car maintenance and repairs. This includes buying car parts and accessories. This category includes items like performance parts, custom wheels, and advanced audio systems.
A report by IBISWorld shows the U.S. auto parts market is expected to grow by 3% each year. This reflects steady demand. Also, a survey by Hedges & Company found that 74% of car owners prefer to buy car parts online. They do this because of the convenience and wider selection available. This makes car parts and accessories a lucrative niche for dropshippin
Here are some product examples. It includes their estimated cost and how much you can sell them for:
Wheels and rims:
- Cost: $800 to $3,000
- Retail: $1,000 to $4,500
Automotive lighting:
- Cost: $150 to $500
- Retail: $250 to $1,000
Carbon fiber body kits:
- Cost: $1,000 to $5,000
- Retail: $1,500 to $6,000
Pros
Studies show that over 91% of US families have at least one car. This makes cars a high-ticket product to dropship. It’s in demand, profitable, and has high profit margins.
You can sell car parts that for every car make. Not only does this allow you to cater to more car owners, it also inevitably allows you to generate more sales.
You can upsell and cross-sell every time someone places an order. Aside from common car parts, you can sell accessories, mini tools, and many others.
Cons
As a dropshipper, you won’t be able to assure the quality and durability of your products. As a result, accidents and casualties that may arise from low quality car parts could be blamed on you.
Car owners would rather purchase car parts from trusted manufacturers and distributors.
Regular dropshipping products are easy to sell. But, selling car parts requires some technical expertise on how cars work.
11. Audio devices
Audio devices include a wide range of products. They range from headphones and microphones to turntables and sound systems. Many types of audio content (music, podcasts, audiobooks, etc.) are mass produced. Selling audio devices based on this content can be a profitable niche to explore. The Consumer Technology Association says American households spend about $200 a year on audio equipment. This includes high-end headphones, studio-quality microphones, and advanced home sound systems.
A Nielsen survey found that 50% of Americans listen to music daily. 32% listen to podcasts at least once a month. This shows a strong market for audio devices. Also, the NPD Group reports that wireless headphone sales have increased by 27% over the past year. This reflects a growing consumer interest in high-quality audio products. This makes audio devices a lucrative niche for dropshipping. Consumers will invest in better sound.
Here are some product examples. It includes their estimated cost and how much you can sell them for:
High end headphones:
- Cost: $200 to $500
- Retail: $300 to $1,000
Hi-Fi speakers:
- Cost: $500 to $2,000
- Retail: $750 to $3,000
Professional microphones:
- Cost: $100 to $1,000
- Retail: $250 to $1,500
Pros
The demand for audio devices has been rising. This is because digital media, virtual offices, streaming platforms, and more have grown.
You can dropship branded products. They are reputable and credible. Use them to build a relationship with your customers. This raises your profits and cuts the need for heavy marketing.
You can offer more than one audio device. This will add diversity to your high ticket dropshipping store. This also opens up upselling and cross-selling opportunities.
Cons
Consumers might favor brands and sellers that are bigger and more established. They might be biased toward them. For example, a customer might prefer to buy AirPods from Apple. They might not want to buy from a random online store.
Counterfeit audio devices are now rampant. As a result, customers might defer to buying fake products. They do this instead of buying the real thing at a higher price.
Fake audio devices are widespread. It is important to have technical knowledge and skill in this area. You must be able to tell fakes from real products.
12. Electric micro-vehicles
Electric micro-vehicles are used to travel short to medium distances. They include bikes, scooters, skateboards, and others. More and more people are becoming attracted to the idea of electric vehicles, and now could be the best time to jump into the bandwagon. The National Association of City Transportation Officials says the number of e-scooter trips in the U.S. increased by 60% in the past year. This shows they are becoming more popular. These vehicles are popular for their convenience and eco-friendliness.
A survey by McKinsey found that 70% of city residents are open to using small electric vehicles for their daily commute. This reflects a big market potential. Also, the NPD Group reports that sales of electric bikes have increased by 145% over the past year. This shows a big rise in consumer interest. This makes electric micro-vehicles a promising niche for dropshipping. More people want efficient and sustainable transportation.
Here are some product examples. It includes their estimated cost and how much you can sell them for:
Electric scooters:
- Cost: $200 to $500
- Retail: $400 to $1,000
Electric bicycles:
- Cost: $500 to $2,000
- Retail: $750 to $3,000
Electric skateboards:
- Cost: $400 to $800
- Retail: $550 to $1,500
Pros
More and more people care about the environment. Electric micro-vehicles are at the forefront of this big change. You have access to a huge market of consumers who want to help take care of the environment.
The electric vehicle market is a huge industry where there’s money to be made. It currently has a market value of over $500 billion and is expected to amass $1.579.10 billion by 2030.
The electric vehicle industry is a unique niche. It's new, so its full potential has not been realized yet. This is good news for dropshippers. You still have time to jump on this opportunity and make a name for yourself.
Cons
The electric vehicle industry is new. This shows potential and growth. But, it also means consumers still prefer traditional vehicles.
Small electric vehicles are usually pricier than non-electric ones. This makes them harder to advertise and sell.
Consumers often feel safer when buying micro-vehicles from established brands and companies. This is because you're guaranteed quality and durability when you buy directly from them. This is bad news for anyone looking to start their own high ticket dropshipping business.
In her video on the AutoDS channel titled "The Top 10 High Ticket Dropshipping Niches To Boost Your Sales! "Lara Decker explains why e-bikes and scooters are one of the best niches for high ticket dropshipping. Lara says more consumers today prefer sustainable products. Electric bikes and scooters are versatile, eco-friendly, and stylish, making them very appealing.
By dropshipping these products, you can attract sales from the environmentally conscious market. Offering different models adds value. Suggesting accessories meets diverse customer needs. This increases your chances of upselling.
What Are High Ticket Dropshipping Products and Niches Youe Need To Avoid?
Are High Ticket Dropshipping Products Really Profitable?
High ticket dropshipping products are profitable, but it will take a lot of hard work and effort to make money with high ticket dropshipping. The drop ship lifestyle is long and weary. Aside from niche selection and product research, a lot goes into making a high ticket dropshipping business work. Even the best high ticket item isn’t guaranteed to make money online, for the simple fact that the market is already saturated in 2023. You’ll have to find a way to outperform the competition. Your competitors in dropshipping consists of:
- Fellow dropshippers
- Amazon FBA sellers
- Online eCommerce retailers
- Reputable brands and companies
- Physical stores
- Dropshipping suppliers and product manufacturers are cutting the middlemen. They are entering the market themselves.
Dropshipping may seem discouraging. It is a highly competitive and saturated business model. This makes it hard for new entrants to become profitable.
Is High Ticket Dropshipping Profitable?
High-ticket dropshipping can be profitable, but it is not a get-rich-quick scheme. It requires patience and dedication to become profitable. The market is extremely saturated and highly competitive, requiring constant maintenance and updates. Many dropshipping success stories are about individuals selling courses or training programs. They often overstate the ease and profitability to attract buyers.
Another challenge is the saturation of the industry. With over a million dropshippers worldwide, the competition is fierce. You are competing with other dropshippers. But, you also compete with traditional retailers. You also compete with Amazon FBA sellers. You even compete with suppliers and manufacturers launching their own online stores. Also, the market's nature means that offering the lowest prices is often the key to winning sales. This leads to low profits – a phenomenon known as the dropshipping paradox.
High-ticket items also present a challenge. Customers often prefer to buy expensive products from established and reputable sellers. They don't like buying them from unknown dropshippers. Also, a study by Shopify found that 80% of dropshippers fail. They do so due to problems like product delays, shifts in consumer trends, high shipping costs, and expensive ads. It is a tough market to succeed in.
Why Local Lead Generation Better Than High Ticket Dropshipping?
Local lead generation businesses is better than high-ticket dropshipping because it offers higher profit margins, up to 90%. It relies on free traffic sources like Google My Business and local SEO. In contrast, dropshipping gets lower profit margins, about 15% to 20%. This is because of the high cost of paid traffic from platforms like Facebook Ads and Google Ads. Additionally, local lead generation faces less competition by targeting specific geographic areas. However, dropshippers must compete globally. They face major brands like Amazon, Wayfair, and Walmart. This leads to intense and often overwhelming competition.
Revenue stability is another compelling benefit of local lead generation. Imagine partnering with a local roofing company or a plumber who pays a fixed monthly fee for leads. This model ensures consistent, predictable income. In comparison, dropshipping requires constant effort to get new customers. Income often changes due to trends and ad performance. Also, dropshipping relies on third-party suppliers like AliExpress and Oberlo. This reliance can cause problems if the supplier makes mistakes or delays shipping.
An excellent alternative to dropshipping is local lead generation. It's a rank-and-rent strategy. You build a website, use SEO to rank it, and then allow local businesses to generate leads through it. You get paid every time they make a sale through your site, and maintenance is minimal. I have sites from 2014 that still make me over $2,000 per month, and I barely touch them. Local lead generation, unlike dropshipping, can bring in significant passive income. It can help you achieve financial freedom and stability. It also gives you more time for family, friends, and the things that matter.
Unlike dropshipping, local lead generation has the ability to become a significant source of passive income that will not only help you attain financial freedom and stability, but also give you more time for family, friends, and the things that matter to you.
