Starting a High-Ticket Dropshipping Store in Q3 2023 - My Thoughts
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.
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