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Investing A Lump Sum For Financial Freedom (Dropship Unlocked Podcast Episode 18)

Investing A Lump Sum For Financial Freedom (Dropship Unlocked Podcast Episode 18)

July 17, 20238 min read
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Get your copy of Lewis’ new book - The Home-Turf Advantage ➡️ https://www.htabook.com/ 

🗣 Watch as we explore the exciting opportunity of using a windfall to create a sustainable income stream. Discover the various options available, including high-ticket dropshipping, property investment, and the stock market

Get valuable insights, pros and cons, and actionable steps to make your money work for you. Tune in now to learn how to achieve financial freedom with your lump sum! 

👉 Do you know someone who would love this? Share this video

➡️ https://youtu.be/IHgOfeQoVhQ 

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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/ 

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Key Takeaways:

★ Consider all the options available when investing a lump sum and choose the route that aligns with your financial goals and risk tolerance.

★ Dropshipping offers unique advantages such as quick returns on investment, control over income, and scalability.

★ Prioritise market research and selecting proven, in-demand products for your dropshipping business.

★ Educate yourself thoroughly about high-ticket dropshipping and understand the business model before diving in.

★ Track metrics and adapt to market trends to ensure long-term sustainability in your e-commerce business.

★ Take action and launch your online store to start your dropshipping journey toward financial freedom.

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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:

This video discusses the process of dropshipping and highlights its benefits as a business model including how dropshipping offers a convenient and efficient way to run an online business.

00:00:00 In this section, the speaker discusses different options for investing a lump sum of money to generate a sustainable income stream. These options include investing in property, traditional investments like stocks and shares, and launching a business. The focus is on the latter option, specifically buying an existing business or using the money to fund the launch of a new business. The example of a friend who bought an early-stage dropshipping business is given, highlighting the potential for high profitability and the ability to work remotely. Overall, investing in a business can provide both cash flow and the opportunity to build enterprise value for potential future sale.

00:05:00 In this section, the speaker discusses the concept of investing a lump sum of money in a business for financial freedom. They share a story about someone who bought a business making £2,000 net profit per month for £60,000, knowing that they could potentially increase its profitability with some time and effort. After six months, they were able to raise the monthly net profit to £10,000, making the business worth £300,000. This illustrates the potential for high returns when investing in a proven business rather than starting one from scratch. The speaker emphasises the importance of investing in oneself through mentorship and training to maximise the value of the business. They also mention that while all investment options entail risk, starting a business provides control over income and high earning potential. Property investment can offer stable income through rent and potential capital growth. It is advisable to seek specific advice for individual circumstances.

00:10:00 In this section, the speaker discusses different investment options and recommends two books, "The Little Book of Common Sense Investing" by John C. Bogle and "The Intelligent Investor" by Benjamin Graham. The speaker emphasises the importance of a globally diversified low-cost index tracker fund for long-term stock market investments, rather than trying to time the market or pick individual stocks. They also highlight the benefits of starting a business, specifically the high ticket drop shipping business model, as a way to double income and have more control over wealth creation. Overall, they believe that focusing on increasing income through business is more impactful for long-term wealth than relying solely on investment strategies.

00:15:00 In this section, the speaker discusses the benefits of dropshipping as a business model for those who have a lump sum of cash to invest. They explain that dropshipping allows for greater control and agility compared to investing in stock markets or property. With dropshipping, you only purchase products from suppliers once a sale has been made, reducing the risk of buying stock upfront. The high ticket dropshipping model also offers the potential for higher profits per order compared to traditional dropshipping models. Additionally, working with UK-based suppliers allows for better communication and faster delivery times, leading to better customer satisfaction and a positive feedback cycle. Overall, dropshipping offers a higher return on investment and greater control over the business, making it an attractive option for investment.

00:20:00 In this section, the speakers discuss the control and scalability advantages of investing in a high ticket dropshipping business compared to other investment options like property and stocks. They highlight the control and autonomy that comes with running a business, as opposed to relying on external factors in property or the stock market. They also emphasise the scalability of dropshipping, as it is not limited by physical constraints or stock quantities, allowing for potential unlimited growth based on market demand. Additionally, they mention the flexibility and low stress of remotely running a dropshipping business from a laptop. They debunk the belief that starting a business means sacrificing time with family, arguing that with proper outsourcing and systems in place, it can actually enhance work-life balance. They conclude by mentioning the key steps involved in launching a successful dropshipping business, starting with setting up the right infrastructure and conducting data-driven market research.

00:25:00 In this section, the speaker discusses the step-by-step process of building a dropshipping business. They emphasise the importance of making data-driven decisions and selecting a market that meets specific criteria. The speaker explains how the program guides participants through setting up their store, working with suppliers, and running traffic to the website. They also highlight the significance of putting systems in place and hiring a virtual assistant to handle administrative tasks. Additionally, the speaker emphasises the value of the supportive community and mentorship aspect of the program. They assert that dropshipping is a low-risk business model, particularly in the e-commerce sector, as it eliminates the need for upfront inventory investment and allows for using customer funds to purchase items from suppliers.

00:30:00 In this section of the video, the speakers discuss the benefits and lower risks of dropshipping as a business model. They highlight the advantage of being able to invest a small amount of money into starting a dropshipping business, as well as the location independence it offers. The speakers also share a cautionary story of someone who lost a significant amount of money trying to launch a brand in the fashion industry, emphasising the importance of selling proven and in-demand products. They compare dropshipping to a plane on a runway, explaining how the low ongoing costs and high profit per order allow for a longer runway and easier takeoff. They also emphasise the significance of customer service and adaptability in building a sustainable ecommerce brand.

00:35:00 In this section, the speaker emphasises the importance of tracking and analysing key metrics in order to scale up a business profitably. They highlight the need to continuously adapt and improve based on customer satisfaction ratings and feedback. The speaker also mentions the significance of receiving positive emails from customers, indicating that they had a great experience and are willing to make repeat purchases. They then proceed to discuss the next steps for those interested in starting a dropshipping business, such as educating oneself about high ticket dropshipping and potentially joining a mentorship program. The importance of taking action and launching an online store is emphasised, with resources and training available on their website for those interested. The section concludes by inviting listeners to submit questions, leaving reviews, and answering a listener's question about order fulfislment in dropshipping.

00:40:00 In this section, the speaker explains the process of dropshipping and how it works. When a sale is made, the supplier is informed via email and the product is confirmed to be available. The customer's payment is captured, and the supplier is paid the wholesale price. The supplier then ships the item directly to the customer, and the tracking number is uploaded to Shopify for automatic notifications. The speaker also mentions that branding the packaging is not necessary, as customers recognise the brand they ordered from. The process is mostly automated and outsourced, resulting in a streamlined and scalable system.

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🌏Want to create location, time and financial freedom? Watch Our Free Training ➽ https://www.dropshipunlocked.com/training

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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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