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🗣️ In this episode of the Dropship Unlocked Podcast, ecommerce business owners Lewis Smith and James Eardley discuss productivity hacks for new entrepreneurs.
They share their best techniques and tools for maximising efficiency and achieving success in the world of ecommerce.
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➡️ https://youtu.be/u5YYUfCdosg
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Links and Resources Mentioned:
➡️ https://www.dropshipunlocked.com/Free - Dropship Unlocked free training on high-ticket dropshipping.
➡️ https://www.dropshipunlocked.com/shopify - Start with Shopify for just £1 a month for the first 3 months.
➡️ https://asana.com/ - Our project management recommendation for organising your work.
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Key Takeaways:
★ Cultivate a growth mindset, embrace challenges as opportunities for growth, and set clear goals to enhance productivity.
★ Use time management techniques like the Pomodoro Technique and the Eisenhower Matrix to prioritise tasks and work efficiently.
★ Delegate non-essential tasks, outsource when necessary, and gradually increase the level of responsibility to free up time for strategic activities.
★ Leverage automation and technology tools to streamline repetitive tasks and optimise productivity.
★ Prioritise self-care, establish a morning routine, take regular breaks, and schedule "off" time to recharge and avoid burnout.
★ Seek support, learn from successful entrepreneurs, and consider training programs to gain valuable insights and accelerate your entrepreneurial journey.
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Topics Discussed:
In this video, the host and guests provide various productivity hacks and tips for entrepreneurs who are just starting their journey. They emphasise the importance of time management, delegating tasks, outsourcing, setting goals, focusing on high-impact tasks, and taking breaks to avoid burnout. The video also suggests leveraging technology and automation to streamline tasks and increase productivity. Additionally, viewers are encouraged to access a mentorship program through dropshipunlocked.com/free to learn more about creating a high ticket dropshipping business.
00:00:00 In this section, Lewis Smith, the founder of Dropship Unlocked, emphasises the importance of being productive when starting a business. He mentions that it's crucial to maximise the output that you get for the same time input by leveraging your time. Smith provides his own example of when he started his business while working his nine-to-five job. He had very limited time and had to adopt techniques that are discussed in the podcast to build and grow his business. Smith suggests using a stopwatch feature as an accounts up timer to help with productivity. The podcast hosts share tips and tricks that listeners can use to make the leap into entrepreneurship while managing their time effectively.
00:05:00 In this section, the hosts discuss tips for maximising productivity as a new entrepreneur. They emphasise the value of setting a timer to focus the mind and prioritise tasks, and using Parkinson's law to set tight deadlines. They also suggest taking care of one's physical health through drinking water, sleeping well, and exercising. The hosts note the importance of being mindful of how you spend your time and investing it in productive tasks. This includes eliminating distractions, cutting out wasteful spending, and compartmentalising tasks to give them each your all. Creating templates and systems for recurring tasks can also supercharge productivity and aid in outsourcing.
00:10:00 In this section, the hosts discuss the importance of delegating tasks to others to improve your output and productivity. They suggest that highly repeatable systemisable tasks that can easily be passed on are the best tasks to delegate to others. This allows you as an entrepreneur to take on more tasks and complete them at a faster rate. They also recommend identifying big tasks that can take your business to the next level, but instead of dedicating your own time to completing the task, it's better to leverage other people's time and expertise to get it done. The hosts further discuss the inefficiency of work for work's sake and how it can lead to burn out and lack of progress, giving examples of how to best batch tasks and avoid letting the inbox dictate your work.
00:15:00 In this section, the speakers discuss productivity hacks for new entrepreneurs. They emphasise the importance of defining goals and eliminating distractions to focus on tasks that are most impactful to the business. They also suggest prioritising tasks by ranking them and focusing on the highest impact ones first. The speakers stress the value of outsourcing tasks that do not move the needle in order to multiply output by 10 and increase productivity. They warn against spending too much time on perfecting things like logos or website designs before making any sales, instead advising entrepreneurs to focus on creating a minimum viable product to get the business up and running.
00:20:00 In this section, the speakers discuss the benefits and challenges of hiring a virtual assistant in terms of productivity. They advise entrepreneurs to take the time to systematise processes before handing them over to a virtual assistant. It's important to relinquish control and allow the virtual assistant to provide the benefit they were hired for. The speakers also recommend splitting goals into two types, lag measures and lead measures, and advise entrepreneurs to apply their productivity tactics towards goals that really matter. Lag measures are the goals achieved after some time of work, such as income goals, while lead measures are the goals that lead to the desired results, such as marketing, advertising, or social media strategies.
00:25:00 In this section, the importance of setting both lag measures (result-oriented) and lead measures (action-oriented) is emphasised to achieve goals. Focusing solely on lag measures makes it difficult to gauge progress on a daily basis. Breaking down big goals into small, actionable steps and measuring progress allows for course correction and makes the most effective use of time. The Pomodoro Technique, which involves 25 minutes of work followed by a 5-minute break, is recommended as an effective time management strategy, but it is important to find the technique that resonates best with oneself.
00:30:00 In this section, the speakers discuss time management and productivity hacks for entrepreneurs, including taking breaks to increase productivity, prioritisation methods such as the Eisenhower Matrix, and scheduling important tasks during one's most productive hours. They also delve into the concept of intermittent fasting as a way to boost energy levels and productivity throughout the day. Additionally, the speakers discuss how to effectively leverage automation and technology in business by focusing on automating high-impact, repetitive tasks. They provide practical examples such as creating a Zapier automation from Shopify to trigger notifications for abandoned carts and checkout.
00:35:00 In this section, the video discusses how automating certain tasks can greatly increase productivity for entrepreneurs. Examples include setting up a Zapier automation to notify a virtual assistant to call potential customers who abandoned their cart, creating social media posts to be scheduled automatically for the month, and leveraging AI tools such as chat GBT for marketing campaigns. Lewis also notes that although AI generated content is great, it still needs human input to truly bring it to life and provide the necessary signals for search engine optimisation. Overall, using these tools and platforms, such as Shopify and Google Ads, can greatly aid in managing an e-commerce business and increase productivity.
00:40:00 In this section, the speakers discuss the common issue of burnout and how to prevent it as an entrepreneur. They emphasise the importance of scheduling regular breaks and setting clear deadlines at the end of the day to avoid overworking oneself. They suggest taking time to recharge mentally and physically through activities like exercise and downtime without digital input. Additionally, they recommend rewarding oneself and the team after completing tasks or 12-week sprints to enjoy the fruits of one's labor and avoid feeling stuck in a hamster wheel. Finally, they acknowledge that transitioning from a 9-to-5 job to entrepreneurship can be difficult and stressful, so they advise being mindful and not neglecting one's job responsibilities before making the switch.
00:45:00 In this section, the importance of setting clear boundaries and creating a schedule that carves out dedicated time for working on one's business is emphasised. It's suggested to treat this time as seriously as a job and to use it wisely, possibly even delegating and automating tasks to ensure productivity. It's noted that juggling a job and a business can be challenging, but having clear processes and leveraging tools like Shopify and Asana can increase efficiency and productivity. High ticket drop shipping is highlighted as a high-leverage business model with strong potential for location independence and minimal time input once set up correctly.
00:50:00 In this section, the hosts give some actionable advice for listeners looking to become more productive in growing their high ticket dropshipping store. They suggest learning from others who have already achieved your goals and taking the shortcut to success by accessing tactical, step-by-step, over-the-shoulder training. They encourage listeners to head to dropshipunlocked.com/free to learn more and get started on their journey. They also recommend leveraging paid media or paid ads effectively and profitably, before focusing too much on organic social media. They suggest using tools like Google bard or chat GPT and adding content to social media profiles that validate and provide social proof to customers who are considering making a purchase.
00:55:00 In this section, the video promotes a step-by-step mentorship program offered at dropshipunlocked.com/free to help those interested in creating their own high ticket dropshipping business. Viewers are encouraged to subscribe to the podcast and leave a review, with the promise that some reviews will be read on the next episode. The hosts express gratitude for their listeners and promise to share more valuable insights and tips on high ticket dropshipping in the future.
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