Dropshipping is an order fulfillment method that doesn’t require keeping inventory in stock. Here’s how it works:
A customer purchases a physical product from an online store, but the store isn’t the one that fulfills the order. Instead, dropshipping suppliers prepare customers’ orders and ship the orders directly to the customer.
Have you ever considered starting a high ticketing dropshipping business? Are you curious to start a dropshipping business of your own but aren’t sure how much money you’ll need to start?
Believe it or not, getting a high ticketing dropshipping business off the ground and running may not be as expensive as you think.
There’s a very low cost of entry compared to opening an eCommerce business or other businesses in general. What if we told you that you could get started for under $500?
In its most basic form, you can start a high ticket dropshipping business with less than $500.
It might sound unbelievable, but there’s a real potential to build scalable companies this way. However, keep in mind that this isn’t a “get rich quick” solution; it still requires hard work and your time.
We’re sharing the six components you need to get started, our best recommendations in each area, and some ancillary items you could splurge on with extra cash if you have it.
The first thing you’ll need for your business is a domain name so folks can find you on the web.
Your website is the foundation of your dropshipping business.
The good news: it’s relatively cheap to purchase a domain name. We’re big fans of Namecheap because it’s one of the easiest platforms for domain registration.
A URL will cost you around $13. You can check to see if your desired domain name is in use on LeanDomainSearch, and then head to Namecheap to make your purchase.
You’ll need to host your store somewhere online, and our best recommendation hands-down is Shopify.
Shopify is arguably the best eCommerce platform on the market today.
Certainly, there are a few other options, but Shopify is an excellent choice because you can get started with a free 14-day trial and then for $29/month after that.
Once you get set up on Shopify, you’ll need a theme for your Shopify store.
A theme is like the canvas for a painting. It sets up the foundation of your website so that all you have to do is paint your picture by adding some minor design details.
Shopify themes are available for free and at mid-tier and high-tier price tags.
You could start with a free theme to get started right away if you choose.
Paid themes have more functionality and look better overall, but they aren’t essential to get up and running.
A paid theme might run you anywhere between $180 and $300.
Quick plug: If you join our course, Dropship Breakthru, we will give you what we think is the best theme on the market for free as part of your course purchase.
The next thing you need to start your high ticket dropshipping business is a professional email.
Using an email address with your business name that ends in gmail.com doesn’t look professional and signals a personal email address.
Fortunately, Google makes it easy to set up a professional email using the URL you purchased.
You could use something like: yourname@thatURL.com as an example.
Google Workspace makes it easy to set up this level of customization for only $6-$12/month.
In addition to your business email, you’ll want to set up a business phone number.
You could set up a local phone number using various free companies.
We recommend working with a professional company to set up a 1-800 number.
Grasshopper is our favorite service for keeping your business line separate from your personal one.
This will cost you about $40/month but is worth the image and tone it will set for your company.
The last item you need to get fully up and running as a professional dropshipping business is your branding.
You’ll want a logo to put on your website that customers can recognize you by—something that looks nice and is of decent quality.
Unless you have graphic design experience, consider using a freelance service like Fiverr, where you can purchase a good-looking logo for around $20.
You might also want to have some banner images and additional collateral created for your website.
That’s it! This is all you really need to start a high ticket dropshipping business with enormous upside potential. Let’s run the numbers for your first month:
Shopify at $29/month
Business email at $6/month
Business phone number at $40/month
You can do it all for under $500. Once your store is set up, you’ll want to start running ads through Google Ads and Microsoft Ads.
Both services offer great discounts, such as spend $25 get $100 free or spend $150 and get $150 free.
These ads will be the primary source of sales for you in the beginning, so take advantage of the offers and start advertising.
If you have more money to invest upfront, there are two areas we recommend splurging on as ancillary options:
If this is your first go-around, do the work yourself. It will help you grow and learn elements of the business you might not be familiar with.
Watch this FREE, on-demand training session that will uncover the exact steps you need to take to launch your first high ticket dropshipping business in the next 30 days.
© Dropship Breakthru 2021
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