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🗣 ​​In this episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley dive deep into a topic that haunts many aspiring entrepreneurs - the fear of failure. 

They discuss the roots of this fear, its impact on newcomers to e-commerce, and how dropshipping can be the perfect solution for those paralysed by fear. Through real-world narratives and practical strategies, Lewis and James shed light on how to embrace and conquer this fear on your journey to success.

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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.

Click here to get your copy >>> https://www.htabook.com/?el=blog   

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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:

★ Defining the Fear: The fear faced by new entrepreneurs is often the fear of the unknown, but it can be reframed as the thrill of potential discovery.

★ Roots of the Fear: Societal expectations and the fear of failure contribute to this overwhelming apprehension.

★ Dropshipping as a Solution: Dropshipping is like starting with training wheels, allowing entrepreneurs to make mistakes and learn without catastrophic consequences.

★ Overcoming the Fear: Realise that fear is not a stop sign but a "give way" sign, urging you to pay attention and proceed cautiously.

★ Practical Strategies: Take baby steps, focus on the next move, and sometimes, you just have to jump in with the right support by your side.

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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

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Topics Discussed:

In the Dropship Unlocked podcast episode 33, the hosts discuss the prevalence of fear in starting a successful dropshipping business. They attribute this fear to the fear of the unknown, and suggest reframing it as an adrenaline rush provided by the potential for discovery, instead of a negative response to failure. The speakers also discuss the importance of remembering successful people who have faced similar fears and taken action in spite of them. They encourage listeners to face their fears head-on and to take small steps and embrace mistakes as lessons. The hosts provide examples, including jumping into a pool with someone else and imagining one's life as a movie to illustrate how taking action despite fear can lead to a positive outcome. They also discuss the lower risk and ease of entry that makes dropshipping a good option for new entrepreneurs who may be paralysed by fear. The hosts thank their listeners for tuning in and invite feedback, and express their gratitude for the listener's time.

00:00:00 In this section, the host and co-host of the Dropship Unlocked podcast discuss the prevalence of fear in starting a successful dropshipping business. They attribute this fear to the fear of the unknown, which is similar to the anxiety people experience before their first day of school or starting a new job. They suggest reframing the fear as an adrenaline rush provided by the potential for discovery, instead of a negative response to failure. This allows them to use the fear as a source of motivation rather than paralysis. They provide examples of societal expectations and public speaking as sources of fear, and encourage listeners to face those fears head-on.

00:05:00 In this section, the speaker discusses the fear that often accompanies uncertain or challenging situations, such as waiting for exam results or starting a new business. They relate this fear to the experience of Elon Musk, who faced near bankruptcy with Tesla, and JK Rowling, who was rejected by publishers when trying to launch Harry Potter. The speaker highlights the importance of remembering successful people who have faced similar fears and taken action in spite of them, emphasising the necessity of taking courage to see through fear in order to achieve success. They also discuss the lower risk and ease of entry that makes dropshipping a good option for new entrepreneurs who may be paralysed by fear. The speaker compares starting a business to learning to ride a bike, and suggests that entrepreneurs should start small and build their balance and stability before expanding and diversifying their businesses. They encourage entrepreneurs to focus on their first milestone, such as replacing their income, and not to overcomplicate things from the outset.

00:10:00 In this section, the speaker discusses the idea that the hidden fear paralyzing new dropshippers is not catastrophic mistakes, but rather learning experiences. The speaker suggests that getting around a community of other people who are in the same place can provide guidance, reduce the risk of common traps and veer off-course, and overcome fear. The speaker recommends asking a community of like-minded people who have already experienced the same fear, instead of trying to solve it on their own, which can lead to feeling overwhelmed and empowering to know that someone else has gone through the same thing. The speaker also recommends assigning fear the correct label as a "giveway sign" instead of a "stop sign," to focus on the next step, and to jump in, even if it is difficult to start.

00:15:00 In this section of the Dropship Unlocked podcast episode 33, the host discusses the fear that new dropshippers often experience when starting their business. The host uses the example of jumping into a pool with someone else to illustrate how taking action despite fear can lead to a positive outcome. The thought exercise of imagining one's life as a movie and removing oneself from the events helps to erase fear and view the situation with clarity. The host also discusses the benefits of having a guarantee of success and the ability to zoom out and see the bigger picture to help overcome difficult times. The next steps for those who have overcome fear in dropshipping include being aware of the ideal attributes of the business model and not feeling the need to have all the answers.

00:20:00 In this section of the Dropship Unlocked Podcast, host Louis discusses the fear that paralyzes new dropshippers and how it can be overcome. He uses the example of his granddad who untangled Christmas lights, piece by piece, without needing to see the full picture. Louis stresses the importance of taking small steps and embracing mistakes as lessons. He also emphasises the value of having a supportive community to help keep you on track and push past your fears. He concludes by encouraging anyone considering starting an ecommerce business to just dive in and not let fear hold them back.

00:25:00 In this section, the speaker answers a question from a listener about the typical supply chain challenges for high ticket products when using the dropshipping model. The speaker highlights the advantages of partnering with UK suppliers who have the products in stock and can handle delivery. The supplier is responsible for stocking the products sold and ensuring delivery to customers, while the dropshipper gets a tracking number or a consignment number that can be attached to the Shopify audit. The speaker emphasises that if a supplier goes out of stock, the marketing campaigns can be set up to automatically stop spending money and stop running, allowing a different product that is in stock to run instead. The speaker also shares a recent success story of one of the listeners to the podcast, Ben, who made a massive sale for £5,750. The speaker encourages their audience to share their success stories and shares tips on how to make the most out of their business.

00:30:00 In this section, the hosts of the Dropship Unlocked podcast thank their listeners for tuning in to their monthly episode. They encourage listeners to stay connected by subscribing to the podcast, and to leave a review to help motivate them. They also invite feedback and promise to share some of their favorite reviews in future episodes. Finally, they express their gratitude for the listener's time and look forward to continuing to share high-ticket dropshipping insights in the future.

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★★★Dropship Unlocked - Lewis Smith★★★

How to Launch a UK Dropshipping Business Offering Next-Day Delivery...

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

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