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🗣️Join hosts Lewis Smith and James Eardley in this episode of the Dropship Unlocked Podcast as they tackle the burning question on many aspiring entrepreneurs' minds: Is it too late to start dropshipping?
In a world where competition is fierce and the market seems saturated, Lewis and James provide valuable insights and practical tips to help you navigate the dropshipping landscape. Discover the truth about dropshipping's history, the opportunities that exist today, and the importance of mindset when considering starting a dropshipping business.
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➡️ https://youtu.be/A6NNxWme-1E
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Links and Resources Mentioned:
➡️ https://www.dropshipunlocked.com/Free - Dropship Unlocked free training on high-ticket dropshipping.
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Key Takeaways:
★ The idea of being "too late" is often a mental barrier; successful entrepreneurs focus on possibilities rather than limitations.
★ Markets are dynamic, and there's always room for innovation and newcomers to make their mark.
★ The best time to start is usually now; waiting only delays progress towards your goals.
★ Everyday you wait is a missed opportunity to move closer to your aspirations.
★ Dropship Unlocked offers a comprehensive free training program to guide you through starting your own dropshipping business. Visit dropshipunlocked.com/free to access this valuable resource.
★ Embrace the ever-evolving world of e-commerce and let Dropship Unlocked support you on your journey to success.
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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
➡️ 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:
Today, Lewis and James discuss the common concern of whether it is too late to start dropshipping. They address the anxiety and uncertainty many people feel, but emphasise that they have personally started new dropshipping businesses this year, indicating that it is still a viable and profitable model. They argue that just because a particular trend or wave may have passed, it doesn't mean that dropshipping as a business model is over. They encourage listeners to shift their mindset and consider the potential regret of not getting started, highlighting the timeless nature of the model and the possibility of future waves of popularity. Overall, they aim to demystify the notion that it is too late to start dropshipping.
00:00:00 In this section of the podcast, the hosts address the common concern of whether it is too late to start dropshipping. They acknowledge that many people feel anxious and uncertain about starting due to the perception that they may have missed the boat. However, they emphasise that they have personally started new dropshipping businesses this year, indicating their belief that it is still a viable and profitable model. They argue that just because a particular trend or wave may have passed, it doesn't mean that dropshipping as a business model is over. They encourage listeners to shift their mindset and consider the potential regret of not getting started, highlighting the timeless nature of the model and the possibility of future waves of popularity. Overall, they aim to demystify the notion that it is too late to start dropshipping.
00:05:00 In this section, the hosts discuss the common fear of starting dropshipping too late and how it can lead to regrets. They emphasise the importance of not getting blinded by other people's opinions and clickbait titles that claim dropshipping is dead. They explain that dropshipping is a retail fulfilment method where the retailer doesn't have to keep the products in stock, as they are purchased from a third party who directly sends them to the customer. They highlight the advantages of dropshipping, such as minimal inventory and the ability to work from anywhere in the world. The hosts share their personal experience of leaving their corporate jobs and running their dropshipping businesses from a laptop. Overall, they encourage listeners to take action and not be deterred by doubts or fears.
00:10:00 In this section, the speaker emphasises that it is never too late to start a business, including dropshipping. They explain that dropshipping is simply a fulfilment method and should be seen as a type of business. They compare dropshipping to catching a train, where there will always be more opportunities available. The speaker also discusses the history of dropshipping, highlighting that it has been around for decades and was used by companies like JCPenney and Sears. They emphasise that dropshipping is a timeless fulfilment method as long as there are suppliers who prefer to focus on product creation rather than marketing and customer service. Overall, the speaker encourages listeners to adopt a mindset of opportunity and freedom when starting a dropshipping business.
00:15:00 In this section, the speaker discusses the fear of missing out on dropshipping and the competition that comes with it. They explain that while there may be more competition now, there is also more demand due to the increase in online shopping. The speaker uses the example of a food market to illustrate that competition can exist alongside high demand, and those who stand out with unique selling points can attract more customers. Ultimately, the speaker argues that it is not too late to start dropshipping, as long as one finds ways to differentiate themselves in the market.
00:20:00 In this section, the speakers discuss the idea that it's never too late to start dropshipping, even in a competitive market. They emphasise the importance of viewing competition as an opportunity rather than a barrier and finding ways to add value and differentiate oneself in the market. They suggest tactics such as offering product bundles, better free gifts, improved user experience, and leveraging new technologies like AI tools. They also mention that the shift in consumer shopping habits towards online purchasing provides a significant opportunity for e-commerce sellers. They encourage listeners to embrace change and stay at the forefront of emerging trends to maintain relevance in the ever-changing world of dropshipping.
00:25:00 In this section, the speakers discuss the future of dropshipping and provide tips for starting a dropshipping business in the current market. They mention that dropshipping as a fulfilment model is here to stay as long as there are innovative and new products, and an increasing demand for online shopping. They advise listeners to strategise for long-term success, invest in themselves, and focus on customer service. They also emphasise the importance of doing thorough market research, understanding competition and supplier availability, and utilising available tools and resources.
00:30:00 In this section, the speakers discuss how dropshipping businesses can be streamlined and automated, allowing entrepreneurs to step back and enjoy a passive income. They highlight the opportunities offered by various software options, outsourcing, and AI. They also emphasise the importance of mindset, stating that success is largely dependent on how one views the market and opportunities. Rather than thinking it's too late to start, they encourage an abundance mindset and focus on evolving markets and sustainable trends. Additionally, they mention the significance of understanding return on ad spend and choosing products in demand.
00:35:00 In this section, the speakers address the question of whether it is too late to start dropshipping. They emphasise that it is never too late to start, as long as one is passionate, willing to put in the work, and ready to learn. They highlight the ever-evolving nature of the e-commerce and dropshipping industry, with new trends, niches, and opportunities always emerging. The key is to focus on long-term sustainability and to utilise new technology and software to stay at the forefront of the industry. They also stress the importance of picking high-quality products that will remain in demand and add value to the market. They offer a free training that can guide individuals through the process of starting their own dropshipping business.
00:40:00 In this section, the hosts discuss whether it is too late to start dropshipping and recommend targeting the entire area that you deliver to, rather than a specific geographical location within that area. They emphasise the importance of letting data drive your decisions and expanding your product offerings to maximise profitability. They also highlight the importance of optimising ad campaigns over website aesthetics and share a positive listener review of the Dropship Unlocked program.
00:45:00 In this section, the hosts of the Dropship Unlocked podcast express their gratitude towards their listeners and encourage them to share the episode with others who may need the motivation to start their own venture. They emphasise the potential impact that sharing knowledge can have on someone else's entrepreneurial journey and invite listeners to leave ratings, reviews, and comments. The hosts also promote their mentorship program for those interested in creating a high ticket Dropshipping business and remind listeners to subscribe to the podcast for future episodes.
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