From Zero to a Million-Pound Business: Introducing High-Ticket Dropshipping (Episode 1)

🗣️ In the first episode of The Dropship Unlocked Podcast, ecommerce business owners and hosts Lewis Smith and James Eardley introduce their new podcast and dive into the topic of high-ticket dropshipping.

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Links and Resources Mentioned:

 ➡️ https://www.dropshipunlocked.com/Free - Dropship Unlocked free training program on high-ticket dropshipping.

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Key Takeaways:

★ High-ticket dropshipping is a business model that involves selling high-priced, high-quality products to a smaller customer base.

★ Compared to other ecommerce models, high-ticket dropshipping offers advantages such as higher profit margins, reduced risk, and less inventory management.

★ Choosing the right products and suppliers, as well as effectively advertising and marketing high-ticket products, are key to success in high-ticket dropshipping.

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Learn More:

 ➡️ When people are ready to create time and financial freedom for themselves, they visit - https://www.dropshipunlocked.com/Free 

 ➡️ Follow The Dropship Unlocked Podcast to stay up-to-date on the latest episodes, and leave a review to help others discover the show.

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Topics:

00:00:00 In this section, the hosts of the Dropship Unlocked podcast introduce the topic of high ticket dropshipping and explain what dropshipping is as a business model. They note that with dropshipping, retailers don't need to keep inventory, making it an attractive option for those looking to start an online business with lower upfront costs. High ticket dropshipping is a sub-form of this model that involves selling higher-priced products with higher profit margins, allowing for more scalability and revenue potential. The hosts share personal stories of their experiences with low ticket dropshipping and the emotional reasons why they chose high ticket dropshipping as their preferred business model.

00:05:00 In this section, two business owners share their experiences transitioning from low ticket to high ticket dropshipping. The first owner, as a beginner, started doing low ticket dropshipping and struggled with faulty products, returns, and delivery mishaps. Eventually, they discovered high ticket dropshipping, which allowed them to make more profit per order, handle fewer orders, and have less administrative work. Similarly, the second business owner started with low ticket dropshipping and initially found success but realized the drawbacks of this model, such as dealing with customer complaints and low-profit margins. They then transitioned to high ticket dropshipping, which yielded higher profits while requiring less effort to fulfill orders.

00:10:00 In this section, the speakers discussed why they chose dropshipping over other business models, particularly Amazon FBA and affiliate marketing. They agreed that the low upfront costs and risk involved with dropshipping made it the best option for them. They highlighted the advantages of not having to invest in stock upfront and being able to test the market before committing to stock. They also noted that with the dropshipping model, they could compete on a level playing field with bigger retailers when it comes to online sales.

00:15:00 In this section, the concept of testing the market through dropshipping quickly is discussed, unlike traditional e-commerce models that require significant investments into stocks. To test products through dropshipping, products can be uploaded to websites and advertisements run on them in under 30 minutes. This allows marketers to receive orders and find out which products are popular before they need to buy the products. Using this method eliminates the risk of massive investments in inadequate products as it allows capital to be invested only in products where there is a guaranteed return. Furthermore, the idea of shifting from a traditional store to dropshipping also reduces the inventory management and delivery headaches that come with storing stock, assembling, and shipping when these tasks are handled by the suppliers.

00:20:00 In this section, the hosts discuss the benefits of working with high-quality UK-based suppliers for dropshipping. They explain that suppliers want to work with a retailer who will take their products seriously and become a specialist in that market, and by focusing on a specific niche (in this case, barbecues), the retailer can truly become an expert and offer added value to customers, which builds trust and establishes them as a reputable and sustainable business. They also note that when the quality of the suppliers' products is good, it eliminates the risk of poor quality and return issues associated with dealing with suppliers in different countries.

00:25:00 In this section, the speakers discuss the benefits of the high-ticket dropshipping business model. One advantage is that you don't have to maintain an inventory, meaning you don't have to worry about stocking up on products that may never sell. Instead, all you need is one sale to purchase the item from your supplier using the money that the customer paid, giving you a profit. Additionally, this model can reduce the risk of making a loss for the month because all you need is one sale to offset the fixed fees, such as Shopify fees and Google ads budget, and make a profit. They also share a success story of one of their listeners who made over £11,000 in sales in his first month of business.

00:30:00 In this section, the hosts announce a competition for their audience to win a valuable prize that includes a digital copy of the book "The Home Turf Advantage," an audio book walk-through training, 50 profitable niche ideas, scripts for contacting suppliers, and more. The total prize package is valued in the thousands and is designed to give people a head start on growing their own dropshipping business and achieving financial freedom. Interested individuals can email "home turf advantage" to [email protected] for a chance to win. The hosts also invite listeners to join their step-by-step mentorship program at dropshipunlocked.com/free to learn more about creating a high-ticket dropshipping business.

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★★★Dropship Unlocked - Lewis Smith★★★

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...Even If You Don't Yet Know Which Products To Sell

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