293. High Ticket Dropshipping 101

In this episode, we break down what dropshipping actually is and why we consider "high ticket dropshipping" to be the best dropshipping method to start with in 2024 and beyond. We tackled some myths, showing you that dropshipping is totally legit and has been around for ages. We chatted about the perks of selling pricier products, like not needing to create demand from scratch. Plus, we busted the fear of big losses from returns, explaining that high ticket items actually see fewer returns. And the best part? You can start your own high ticket dropshipping biz on a budget, way less than opening a franchise or creating your own brand. All in all, we're here to get you pumped about the potential of high ticket dropshipping for your first ecommerce venture. Links ⁠⁠⁠https://dropshipbreakthru.com/go⁠⁠⁠ - Access our free dropshipping training that will take you through the first steps you need to take to start a life-changing ecommerce business. ⁠⁠https://dropshipbreakthru.com/shopify⁠⁠ - Get a $1 trial on Shopify and start having a play around. The best way to learn is by doing. Get familiar with the platform by being inside of it. Main Points - Concept of dropshipping - Differences between low ticket and high ticket dropshipping - Advantages of high ticket dropshipping - Legitimacy and longevity of dropshipping as a business model - Demand capture versus demand generation in high ticket dropshipping - Perceived risks of high ticket dropshipping, particularly returns and potential losses - Affordability and low barriers to entry for high ticket dropshipping - Comparison with other business models such as franchises or launching one's own brand - Data-driven insights on return rates for high ticket products - Empowering aspiring ecommerce entrepreneurs to consider high ticket dropshipping as a viable and profitable business model Sponsors ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Clearsale⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  — Add this app to your business and never worry about fraud  chargebacks again. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Shopify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — The only Ecommerce platform we recommend. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Grasshopper⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Get an 800 number for your business from Grasshopper ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Rewind⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠— Automatically back up your Shopify store data ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/PrimedMind⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Get coached by the #1 Mindset Coach in the world, Elliot Roe Timestamps What is dropshipping? (00:00:00) Explanation of what dropshipping is and its historical presence in e-commerce. What is high ticket dropshipping? (00:03:10) Discussion on the benefits of high ticket dropshipping, including capturing demand and reducing risk. Low ticket vs high ticket dropshipping (00:05:04) Differentiating between low ticket and high ticket dropshipping, and why the focus is on high ticket. Misconceptions of high ticket dropshipping (00:08:42) Addressing the perceived risks of high ticket dropshipping, including returns and marketing challenges. What does it cost to start dropshipping business (00:17:04) Explaining the minimal initial investment required to start a high ticket dropshipping business and the advantages of cash flow. Setting up your dropshipping business (00:18:33) Discussion on the essential requirements to start a high ticket dropshipping business, including email, phone number, and branding. Running Google Ads for dropshipping (00:19:17) Explanation of the process of running Google ads to attract customers and the potential cost involved. How to get started today (00:20:08) Emphasizing the minimal financial investment required to start a high ticket dropshipping business and the importance of investing time and effort.