Loved the video! Lots of insights🙏🏾. My question is why you don’t account for the cost of the items? The suppliers fill those orders? I think so lol sorry came from small ticket items😅
Good question! When a customer places an order, you use the funds from that customer to pay your supplier and you keep the difference. So it’s not really something you “budget” for. You don’t need it in advance.
@@joeverschoor got it! Just saw it on your shorts! What about shipping time? You have to factor that so the customer fund settle to pay supplier invoice. Lol I’m consuming all your shorts! Lots of nuggets🙏🏾 appreciate it! You and the other two guys you spoke of really been helping me take notes, I’ll start the journey.
@@haitian_buffett6783 Shipping time will heavily depend on the industry and supplier. In my busy season lead/shipping times are up to 6 weeks, and in the less busy season it’s 1-2 business days. Suppliers invoice when an order ships, and you can work out with them individually how you would prefer to pay. I have a business credit card that gets automatically charged by my suppliers when a product ships but I also have one supplier who sends me invoices that need to be paid manually by me. Regardless, there will never be a situation where you won’t have the funds to pay a supplier’s invoice.
@@joeverschoor ahh makes sense! Guess you will know the shipping base on what the supplier tell you in the beginning. Make sense on each have their own way of paying invoice, thank you so much! This is very helpful.
I’ll definitely make a video about that! It’s very rare but it can happen from time to time, particularly with PayPal. Too long of an explanation for a comment, but will make a video soon.
hello, Joe does Shopify pays you immediately after someone pays for your product, or do you need to use your money to buy it from your supplier and then send it to the buyer? I'm asking this because when selling an expensive item like 2000$. if you don't get the money immediately that means try will need unto $6k to startup
It takes 2 full business days for Shopify to pay you the funds for an order. The short answer is that there will never be a situation in which you don’t have those funds to pay your supplier unless you encounter a money hold (which is rare). If you need an extra day or 2 for the funds to deposit into your account in order to pay your supplier, that’s something that you can work out with them.
I have extremely limited experience with social media ads but I think that Google ads with low bids would make more sense so you can target people specifically shopping for them. The more expensive something is, the less likely people are to buy it impulsively from a social media ad.
@@joeverschoor a lot of what I’ve seen on TH-cam in the dropshipping niche is that you have to test products from suppliers before you decide to work with them to make sure their products are solid. Is it different with HighTicket dropshipping?
@@joeverschoor checking for quality. For example if I wanted to sell clothes, I would buy samples from the vendor before I decided to sell them. With high ticket, you don’t have to actually purchase the product yourself just to make sure the quality is up to standards?
@@kelly-monique6983 Not saying you can’t, but I certainly do not think it’s necessary with high ticket whatsoever. I think testing a low ticket product makes sense because often you are working with suppliers that are just focused on quantity over quality and make gimmicky, trendy products. With high ticket, you are working with manufacturers that are generally much higher quality and have positive track records with their product lines. Also, some suppliers produce tens, sometimes up to thousands of different SKUs among completely different product lines so it wouldn’t even be possible to test each one. Short story long, you do not have to test products in high ticket because A) you’re working with quality companies and B) it’s just not feasible nor worth the cost. You can find customer reviews, you can research supplier websites, and you can make a very well-informed decision without physically interacting with the products.
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Thanks for watching, friends! If you have any interest, here is my high ticket dropshipping course: www.vcommerceacademy.com/masterclass
Hey Joe, really enjoying your content man 🤙
A video for order fullfilment on high ticket dropshipping with brands
What are the steps in order to first sell the product THEN buy it!?? That’s my issue I can’t going the answer for
Is there a way where we pay you and you will setup the Shopify store and ads?
Now, do each website have one product? Like a landing page for each individual product? Or is there multiple products on the one site
Loved the video! Lots of insights🙏🏾. My question is why you don’t account for the cost of the items? The suppliers fill those orders? I think so lol sorry came from small ticket items😅
Good question! When a customer places an order, you use the funds from that customer to pay your supplier and you keep the difference. So it’s not really something you “budget” for. You don’t need it in advance.
@@joeverschoor got it! Just saw it on your shorts! What about shipping time? You have to factor that so the customer fund settle to pay supplier invoice. Lol I’m consuming all your shorts! Lots of nuggets🙏🏾 appreciate it! You and the other two guys you spoke of really been helping me take notes, I’ll start the journey.
@@haitian_buffett6783 Shipping time will heavily depend on the industry and supplier. In my busy season lead/shipping times are up to 6 weeks, and in the less busy season it’s 1-2 business days. Suppliers invoice when an order ships, and you can work out with them individually how you would prefer to pay. I have a business credit card that gets automatically charged by my suppliers when a product ships but I also have one supplier who sends me invoices that need to be paid manually by me. Regardless, there will never be a situation where you won’t have the funds to pay a supplier’s invoice.
@@joeverschoor ahh makes sense! Guess you will know the shipping base on what the supplier tell you in the beginning. Make sense on each have their own way of paying invoice, thank you so much! This is very helpful.
Can you make a video about payment processors for high ticket dropshipping ?
Does your money ever get held?
Thanks.
I’ll definitely make a video about that! It’s very rare but it can happen from time to time, particularly with PayPal. Too long of an explanation for a comment, but will make a video soon.
hello, Joe does Shopify pays you immediately after someone pays for your product, or do you need to use your money to buy it from your supplier and then send it to the buyer? I'm asking this because when selling an expensive item like 2000$. if you don't get the money immediately that means try will need unto $6k to startup
It takes 2 full business days for Shopify to pay you the funds for an order. The short answer is that there will never be a situation in which you don’t have those funds to pay your supplier unless you encounter a money hold (which is rare). If you need an extra day or 2 for the funds to deposit into your account in order to pay your supplier, that’s something that you can work out with them.
This might be a rookie question, but for $100-$500 products, would you recommend Google ads or Facebook?
I have extremely limited experience with social media ads but I think that Google ads with low bids would make more sense so you can target people specifically shopping for them. The more expensive something is, the less likely people are to buy it impulsively from a social media ad.
@joeverschoor great points. I appreciate you man! 🍻
What about the cost for testing items?
Can you explain what you mean by testing?
@@joeverschoor a lot of what I’ve seen on TH-cam in the dropshipping niche is that you have to test products from suppliers before you decide to work with them to make sure their products are solid.
Is it different with HighTicket dropshipping?
@@joeverschoor checking for quality. For example if I wanted to sell clothes, I would buy samples from the vendor before I decided to sell them.
With high ticket, you don’t have to actually purchase the product yourself just to make sure the quality is up to standards?
@@kelly-monique6983 Not saying you can’t, but I certainly do not think it’s necessary with high ticket whatsoever. I think testing a low ticket product makes sense because often you are working with suppliers that are just focused on quantity over quality and make gimmicky, trendy products. With high ticket, you are working with manufacturers that are generally much higher quality and have positive track records with their product lines. Also, some suppliers produce tens, sometimes up to thousands of different SKUs among completely different product lines so it wouldn’t even be possible to test each one. Short story long, you do not have to test products in high ticket because A) you’re working with quality companies and B) it’s just not feasible nor worth the cost. You can find customer reviews, you can research supplier websites, and you can make a very well-informed decision without physically interacting with the products.
@@joeverschoor gotcha! That makes sense! Ty!