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🗣 Welcome to another episode, hosted by experienced e-commerce entrepreneurs Lewis Smith and James Eardley. In this episode, Lewis reveals the nine crucial lessons he wishes he knew before embarking on his dropshipping journey. 

These are not just tips but profound insights that can help you avoid common pitfalls and accelerate your path to e-commerce success.

👉 Do you know someone who would love this? Share this video ➡️ https://youtu.be/PZhsizKQrUc?si=MG7xXqb0NCWD-bBK

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Links and Resources Mentioned:

For Aspiring Business Owners or Side Hustle Seekers Based In the UK…

New Book Reveals How To Launch A Low-Maintenance High-Profit E-Commerce Business Using The UK "Home-Turf Advantage”…

While also enjoying more time with your family, being free to travel, and setting the hours you work.

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Links and Resources Mentioned:

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:

★ Product Validation Before Ads: Lewis emphasises the importance of validating your product before investing in ads. Understanding whether a product will work in your chosen niche can make the difference between profitability and costly advertising mistakes.

★ Don't Force Unpopular Products: Trying to push unpopular products onto a market, even with significant ad investment, rarely leads to success. Lewis highlights the need to offer products that align with market demand.

★ Supplier Quality Matters: Lewis underlines that the quality of your suppliers is closely tied to the success of your business. Providing customers with high-quality products enhances their experience and encourages positive reviews.

★ Customers Are Real People: Remember that your customers are real human beings who value a good experience. Lewis stresses the importance of enhancing the customer experience on your store.

★ Effort in Selling High-Value vs. Low-Value Products: Lewis shares the insight that it takes the same effort to sell high-value products as it does to sell low-value items. The potential for profit is significantly greater with high-ticket dropshipping.

★ Numbers Favour High-Ticket Dropshipping: Lewis highlights that high-ticket dropshipping offers more margin for error, especially for beginners. The potential profit margins provide a safety net for business growth.

★ Understand the Timing of Growth: Lewis reminds listeners that growth takes time, and instant riches are unrealistic. Building a successful business is a journey that requires dedication and patience.

★ Invest in Learning, Not Mistakes: Instead of learning through costly mistakes, Lewis advises investing in training and mentorship. Learning from those who have already experienced success can significantly accelerate your progress.

★ Action Is the Best Teacher: Lewis emphasises that taking action is the most effective way to learn. Practical experience provides invaluable lessons that theory alone cannot match.

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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-46-9-things-i-wish-i-knew

 ➡️ 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 "9 Things I Wish I Knew Before Starting Dropshipping" episode, hosts James Eardley and Lewis Smith discuss various crucial lessons for entrepreneurs entering the dropshipping business. One of the key topics is the importance of validating product demand and quality before launching ads, emphasising the potential financial loss of unvalidated products. Another topic is the significance of understanding market demand and selecting in-demand products, as well as partnering with reputable suppliers for high-quality products and better customer experiences. The speakers also emphasise the value of learning from others' experiences and investing in teaching programs, events, and communities to avoid costly mistakes and accelerate growth. Lastly, they discuss strategies to compete in high-ticket niche markets by offering additional services such as third-party installations and white-glove deliveries for a seamless customer experience.

00:00:00 In this Episode, Lewis Smith and James Eardley discuss the importance of product validation before starting dropshipping and running ads. They emphasise that finding out whether a product is viable before investing in advertising is crucial for long-term profitability. Lewis shares his personal experience of people wasting money on unvalidated products and the subsequent disappointment and abandonment of their business endeavors. He urges entrepreneurs to validate their products before launching their ad campaigns to avoid unnecessary spending and increase the likelihood of success.

00:05:00 In this episode, the speakers discuss two crucial lessons for those considering starting a dropshipping business. The first lesson is the importance of validating your niche and products before launching your store and running ads. The speaker shares a personal experience of losing 5,000 on ads for an unvalidated product, emphasising that failure could have been avoided with proper research. The second lesson is the futility of trying to force unpopular products onto the market, even with heavy advertising investment. The speaker advises entrepreneurs to choose products in demand and go with the path of least resistance, citing an example of a vendor selling desired beach items vs. winter hats. The speakers emphasise the importance of understanding market demand and being aware of potential biases.

00:10:00 In this episode, James Eardley and Lewis Smith discuss the importance of understanding market demand and supplier quality in a dropshipping business. Eardley emphasises the need to let the market determine product demand and the importance of validating niche choices before launching. He shares a personal experience of trying to sell elasticated shoe laces from Aliexpress, believing it was a great idea, but realising the market did not share the same demand. Smith then adds to the conversation by stressing the significance of supplier quality, explaining that as ecommerce business owners, they often forget that customers will ultimately experience the products and the impact on their business reputation. The conversation concludes with the realisation that high-quality suppliers not only ensure the popularity of products but also positively affect the customer experience, making it essential to partner with reputable suppliers.

00:15:00 In this section Episode, host James Eardley shares a valuable lesson he learned early in his dropshipping journey. He recalls how he initially viewed customers as metrics rather than real people, but a phone call from a customer changed his perspective. The customer was not looking for the cheapest price, but rather a good buying experience and excellent customer support. This realization motivated James to enhance the customer experience on his store, leading to increased sales from reasonable and friendly customers. He emphasises the importance of understanding that customers are real people, not just numbers, and that providing excellent customer service can make a significant impact on sales.

00:20:00 In this episode, James Eardley and Lewis Smith discuss the benefits of high ticket dropshipping and the importance of understanding that growth takes time. They emphasise that selling high-priced items requires the same effort as low-priced ones but offers more profit margin for error. Additionally, they note that building a business and experiencing the journey of growth is where the fulfillment comes from and that delaying gratification will ultimately lead to greater success. They warn against giving up on business dreams for immediate comfort, as it may result in a lifetime of nine-to-five work and missing the opportunity for true freedom.

00:25:00 In this episode, Lewis Smith shares the eighth lesson he wishes he had known earlier: investing in learning instead of making costly mistakes. He emphasises that learning from others' experiences is a faster, cheaper, and easier way to reach business goals. Smith underlines the importance of training programs, events, masterminds, and paid communities for sharing valuable information and avoiding pitfalls, leading to faster growth. He concludes that investing in learning Is a better use of resources than learning from one's own mistakes.

00:30:00 In this episode, hosts James Eardley and Lewis Smith discuss strategies for competing in high ticket niches where products require installation or professional setup upon delivery. They suggest that merchants partner with third-party installation companies for a white-labeling service to offer installation as an added service to customers. This creates a seamless experience for the customer and an opportunity for additional profit for the merchant. Alternatively, they recommend considering white glove delivery for more upscale items, which involves delivering, setting up, and removing packaging for the customer. These added services not only enhance the customer experience but help maintain the premium feel of high-ticket products.

00:35:00 In this Episode, the speakers discuss the importance of pursuing a niche market even if it requires professional installation or setup. They emphasise that sellers can still profit from such products as suppliers often have existing installations and setup companies. The speakers also appreciate listener reviews and encourages listeners to contribute by leaving reviews or sharing the podcast with others who may be interested in starting an e-commerce business. The episode concludes with an invitation for listeners to grab James Eardley's book, "The Home Turf Advantage," for comprehensive guidance on creating an e-commerce business and subscribing to the podcast for valuable insights.

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