EP 240: WORST High-Ticket Dropshipping Products | Don't Sell These Expensive Products Online...
Here are the reasons why you shouldn’t start a broad "furniture" or "home decor" store with high-ticket dropshipping... and how you can find the best niche for you...
- suppliers often don’t have map pricing
- big box stores online and offline sell them and get better pricing because they buy inventory, so they can sell for less than you and still be profitable, so price matching doesn’t work
- very generic products
- big and bulky, high-shipping costs
- no specific niche or target market
- you want to start an authority site and serve a specific target market
- simple products like furniture have lower barrier for entry so lots more competition online, more complex products have higher barrier for entry so less competition online and offline
- smaller market or less search volume doesn’t mean less profitable, the riches are in the niches
- find the trifecta of the perfect niche for you: profitable, prior skills, passionate…
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