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Starting a High-Ticket Dropshipping Store in Q3 2023 - My Thoughts
Starting a High-Ticket Dropshipping Store in Q3 2023 - My Thoughts
ratings:
Length:
5 minutes
Released:
Jul 6, 2023
Format:
Podcast episode
Description
Today I want to talk about why right now, in Q3 of 2023 (with the economy being a bit scary) is actually a great time to start a high-ticket dropshipping store using the Drop Ship Lifestyle business model.
The reason I wanted to address this is because things do feel different than they did a year ago.
- interest rates are higher
- people are scared about job security
- businesses are cutting costs
- people are scared to start businesses
All of those things are true...
So why is right now still a great time to start a high-ticket dropshipping store?
1) Your established future competitors - the stores that have been around for a while that have built up big fixed monthly costs - are not going to have to take their foot off the gas and start cutting expenses.
2) You can get started for a few hundred dollars and run a LEAN business with high-profit margins and almost no fixed monthly costs.
3) You can use this time in a "down economy" to get your foot in the door and start gaining market share and healthy profits. When the economy recovers, you'll be in a place to make HUGE profits as an already established existing retailer.
? Free Training Webinar + Our List of 237 Product Ideas: https://dsl.life/youtube-go/
? Shopify Trial - No credit card required: https://www.dropshiplifestyle.com/shopify/
The reason I wanted to address this is because things do feel different than they did a year ago.
- interest rates are higher
- people are scared about job security
- businesses are cutting costs
- people are scared to start businesses
All of those things are true...
So why is right now still a great time to start a high-ticket dropshipping store?
1) Your established future competitors - the stores that have been around for a while that have built up big fixed monthly costs - are not going to have to take their foot off the gas and start cutting expenses.
2) You can get started for a few hundred dollars and run a LEAN business with high-profit margins and almost no fixed monthly costs.
3) You can use this time in a "down economy" to get your foot in the door and start gaining market share and healthy profits. When the economy recovers, you'll be in a place to make HUGE profits as an already established existing retailer.
? Free Training Webinar + Our List of 237 Product Ideas: https://dsl.life/youtube-go/
? Shopify Trial - No credit card required: https://www.dropshiplifestyle.com/shopify/
Released:
Jul 6, 2023
Format:
Podcast episode
Titles in the series (100)
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