I buy this massage chair for $4,350 from a supplier, sell it for $10,048 on my online store, and profit $4,700.
Without ever seeing or touching the product.
It's called "High Ticket Dropshipping".
Here's how it works:
Here is what I do:
1. I identify high price products (ideally over $3,000) with high demand. The higher the price, the more net profit per sale I make. I check demand using a keyword tool.
2. Once I find a great product, I identify the top suppliers in the US for that product.
3. I create a demo store on Shopify with some sample products, that way I come across professional and trustworthy.
4. I reach out to suppliers and introduce my brand and explain the value I will bring their business, and become an authorized retailer of their products.