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🗣In this episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley address a common question: "Can you start a dropshipping business while working a full-time job?"
We share their insights and strategies for balancing both commitments effectively.
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Links and Resources Mentioned:
Pick up a copy of Lewis’ book: https://htabook.com
Get Shopify for £1 a month for 3 months: https://www.dropshipunlocked.com/shopify
Get a free trial with a professional phone line: https://www.dropshipunlocked.com/circle
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Key Takeaways:
★ Manageable Time Investment: Dropshipping is suited for those with full-time jobs due to its flexible and less time-intensive nature.
★ Effective Use of Time: Prioritise high-impact tasks and use off-hours productively to manage your dropshipping business.
★ Support and Resources: Engage with supportive communities and leverage tools to stay organised and efficient.
★ Patience and Persistence: Success requires patience and a willingness to adapt strategies based on ongoing learning and experience.
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Learn More:
➡️ When people are ready to create time and financial freedom for themselves, they visit - https://www.dropshipunlocked.com/free?el=blog-73-start-with-full-time-job
➡️ Subscribe to The Dropship Unlocked Podcast to stay up-to-date on the latest episodes, and leave a like to help others discover the show.
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Topics Discussed:
In the "Can You Start Dropshipping Alongside A Full-Time Job? (Dropship Unlocked Podcast Episode 73)", the speakers discuss the feasibility of starting a dropshipping business while holding down a full-time job. They emphasise that while it requires dedication and hard work during off hours, the ultimate goal is to build a profitable business that can eventually replace the full-time job. The speakers share their personal experiences of balancing both and recommend setting clear goals, prioritising time, and seeking education and guidance. They also stress the importance of community and organisation for new dropshippers, and address a listener's question about liability, emphasising the need for appropriate insurance coverage for both the supplier and the retailer.
00:00:00 In this section, the speakers discuss the possibility of starting a dropshipping business while holding down a full-time job. They emphasise that dropshipping does not require the same time investment as a traditional retail business, making it a viable option for those with busy schedules. The speakers share their personal experiences of starting and growing a dropshipping business while working full-time, highlighting the importance of staying motivated and making the most of limited time, especially on weekends. They recommend batching tasks to maximise productivity and eventually hiring a virtual assistant for additional help.
00:05:00 In this section, the speakers discuss the possibility of starting a dropshipping business while holding down a full-time job. They emphasise that it requires dedication and hard work during off hours, but the ultimate goal is to build a profitable business that can hire a virtual assistant and eventually replace the full-time job. The speakers suggest starting by educating oneself about dropshipping and committing time each day to learning and implementing strategies. They also recommend setting realistic goals and timelines while maintaining a balance between work and business growth.
00:10:00 In this section, the speaker shares her personal experience of starting a dropshipping business while holding down a full-time job. She emphasises the importance of setting clear goals and working on the business during downtime to build confidence. The speaker advises starting small and focusing on the long-term vision to overcome challenges. She also suggests prioritising time for the business, whether it's in the morning, evening, or weekends, and emphasises the value of education and guidance to help manage the day-to-day tasks. The speaker shares her own story of balancing a demanding job with her dropshipping business and generating a full-time income on the side. She encourages those wondering how others have made the transition to be inspired by her personal experience and the satisfaction of making profits while still having the security of a full-time job.
00:15:00 In this section, the speakers share their experiences of starting a dropshipping business while holding down a full-time job. They emphasise the importance of using the stable income from the job to build the business strategically, without being driven by fear or scarcity. Once the income from the business matches or exceeds that from the job, it becomes rational to transition fully into e-commerce. The speakers stress the need for discipline, smart time management, and organisation to make it work. They also suggest using project management tools to prioritise tasks and stay focused. The speakers' inspirational stories of generating significant revenue while still employed illustrate that starting a dropshipping business alongside a full-time job is not only possible but can also lead to financial success.
00:20:00 In this section, the speaker emphasises the importance of community and organisation for new dropshippers. They explain how joining a community can save time and money by providing answers to questions and insights from experienced entrepreneurs. The speaker also encourages patience and persistence, as success won't happen overnight. They suggest starting with organising tasks using a tool like Trello and prioritising steps for starting an e-commerce business. For those eager to get started, the speaker recommends checking out their book, "The Home Turf Advantage," for step-by-step guidance on growing a successful dropshipping business.
00:25:00 In this section, the hosts answer a listener's question about liability in dropshipping. They discuss their personal experiences and emphasise the importance of having both the supplier and the retailer carrying appropriate insurance. The hosts recommend seeking advice from legal experts to fully understand liability and ensure proper coverage. They also highlight a positive review from a listener, express gratitude for the support, and encourage listeners to leave a review for the podcast.
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