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🗣Hosts Lewis Smith and James Eardley explore why now is the best time to start a dropshipping business. 

We discuss the booming e-commerce market, lower barriers to entry, shifting consumer behaviours, and the personal freedom that comes with running your own business.

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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:

★ Current E-commerce Landscape: The rapid growth and transformation of the e-commerce market, making it an ideal time for new entrepreneurs to enter. The analogy of Dubai’s transformation as a parallel to the evolving digital marketplace.

★ Accessibility of Dropshipping: How tools and platforms like Shopify have democratised access to e-commerce, making it easier for anyone to start. The analogy of the internet as a giant toolkit, with tools readily available for free or at low cost.

★ Changing Consumer Behaviours: The shift towards online shopping, accelerated by global events, and the comfort consumers now have with purchasing a wide range of products online.

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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-why-now-is-the-best-time

 ➡️ 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 "Why Now Is The Best Time To Start Dropshipping" episode of the Dropship Unlocked Podcast (episode 71), hosts Lewis Smith and James Eardley, along with entrepreneurs Louis Grenier and Louie, discuss why the current time is an optimal opportunity for new entrepreneurs to start a dropshipping business. The ecommerce market is experiencing explosive growth, with more consumers shopping online than ever before. The accessibility of starting an ecommerce business has improved significantly, making it easier for new entrepreneurs to enter the market and find success. The speakers emphasise the infrastructure and resources available in the ecommerce industry are continually expanding and evolving, presenting more opportunities than ever before. Consumer behavior has also shifted towards online shopping, particularly during recent global events, making it a convenient and accessible option. Tools and platforms like Shopify have made starting a dropshipping business more accessible, with low overheads and opportunities for higher margins through effective negotiations with suppliers. The speakers encourage listeners to start their dropshipping journey today, take advantage of available resources, and support each other in entrepreneurship.

• 00:00:00 In this section, hosts Lewis Smith and James Eardley discuss why the current time is the best opportunity for new entrepreneurs to start a dropshipping business. The E-commerce market is exploding in popularity, with more consumers than ever before willing to shop online. The accessibility of starting an e commerce business has significantly improved, making it easier for new entrepreneurs to enter the market and find success. The surge in e commerce growth and the adoption of digital technology have created a perfect stage for aspiring business owners to build profitable online stores. The speakers emphasise that the infrastructure and resources available in the e commerce industry are continually expanding and evolving, making it an industry with more opportunities than ever before.

• 00:05:00 In this section, the speakers emphasise that the current economic landscape presents unique opportunities for entrepreneurs that were not available in the past. With more people shopping online and the ecommerce market surging, there is a growing demand for merchants and traders to succeed in this environment. Additionally, tools and platforms like Shopify have made starting a dropshipping business more accessible than ever before. Shopify has democratised access to ecommerce by providing an all-in-one platform that eliminates the need for extensive coding or complex systems. The internet is now a vast toolkit with tools readily available and often free, allowing entrepreneurs to start with low overheads and experiment in a safe environment. These developments, combined with changing customer behaviors, make it an ideal time to start a dropshipping business.

• 00:10:00 In this section, the speaker discusses the significant shift in consumer behavior towards online shopping, particularly during the recent global events that forced people to stay home. Consumers are now more comfortable purchasing everything from daily essentials to high-ticket items online, making it a convenient and accessible option. The speaker also highlights the surge in mobile traffic and the ease of setting up online stores and advertising campaigns, making it an opportune time for ecommerce sellers. Furthermore, having your own business is more important than ever for personal freedom, allowing individuals to call the shots and control their own strategies with real-life stakes.

• 00:15:00 In this section, entrepreneur Lewis Grenier emphasises the benefits of starting a dropshipping business now. He draws a comparison between setting up a house and starting a business, explaining that just as one arranges a house to suit their needs, a dropshipping business allows entrepreneurs to customise their online shop and add their unique personality. With the market thriving and more people shopping online than ever before, dropshipping presents an opportunity for sellers to be on the receiving end of this shift in buyer behavior. Additionally, the entry barriers to this market are lower than ever, with tools like Shopify offering free trials and low-cost plans. Grenier encourages listeners to start their dropshipping journey today, take advantage of the available resources, and pivot towards freedom and success.

• 00:20:00 In this section, entrepreneur and dropshipping expert, Lewis, shares his approach to negotiating higher margins with suppliers. He emphasises the importance of framing the conversation as a mutual benefit, highlighting how increased margins lead to greater investments in marketing and customer support, resulting in increased sales and a better customer experience for both parties. Louie also discusses various commercial arrangements, such as rebates and credit terms, that can help improve margins over time. He stresses the importance of understanding what's in it for the suppliers and maintaining a collaborative, team-oriented approach during negotiations.

• 00:25:00 In this section, the host encourages listeners to share the podcast with others who may be inspired to start their own ecommerce journey. He emphasises the importance of supporting each other in entrepreneurship and suggests that doing so might be the push someone needs to begin their own success story. The host also promotes his book, "The Home Turf Advantage," as a valuable resource for building an ecommerce business. He concludes by inviting listeners to subscribe for more strategies and success stories, and encourages them to leave a five-star review for the podcast. The host expresses gratitude for the listeners' time and looks forward to bringing them more insights in the next episode.

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★★★Dropship Unlocked - Lewis Smith★★★

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...Even If You Don't Yet Know Which Products To Sell

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