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🗣In this episode, we’re talking about everything we know with our combined 10+ years of experience dropshipping.

We provide a comprehensive overview of high-ticket dropshipping, covering essential aspects from mindset and niche selection to store building, supplier relationships, PPC strategies, and achieving financial freedom.

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Links and Resources Mentioned:

Pick up a copy of Lewis’ book: https://htabook.com

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:

★ Supplier Relationships: Strong supplier relationships ensure reliability and better deals. Customising your pitch to each supplier increases your chances of success.

★ PPC Advertising: Master Google Ads, set up correct conversion tracking, and use remarketing strategies to maximise ROI and re-engage visitors.

★ Daily Operations: Use tools like Gmail, Trello, and Hubstaff to streamline tasks and stay organised. Monitor key performance indicators (KPIs) to ensure business growth.

★ Success Stories: Examples from the community include significant sales and rapid growth, highlighting the effectiveness of the high-ticket dropshipping model.

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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-93-everything-we-know-about-dropshipping

➡️ 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 "Everything We Know About Dropshipping in 48 Minutes" episode 93 of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley discuss their high ticket Dropshipping model and its benefits over traditional Dropshipping. They emphasise the importance of selling premium products and working with local suppliers for better control over product quality and customer satisfaction. The hosts also share their experiences and provide foundational steps for setting up a successful dropshipping business in the UK, including registering a limited company and choosing a profitable niche. They stress the importance of making data-driven decisions, building strong supplier relationships, and setting up effective advertising strategies using Google Ads. The episode concludes with success stories from the Dropship Unlocked community, illustrating the potential for substantial income through dropshipping. The hosts confirm that anyone can start dropshipping, even with little technical experience, and emphasise the importance of guidance and support.

• 00:00:00 In this section, hosts Lewis Smith and James Eardley discuss their high ticket Dropshipping model and the benefits it offers over traditional Dropshipping. They explain that high ticket Dropshipping focuses on premium products, resulting in higher profits per sale. This model also allows for fewer sales to reach a desired monthly income, as each sale brings in more profit. Additionally, working with local suppliers and ensuring fast delivery leads to better customer satisfaction. The hosts aim to condense their teachings into one episode, providing a comprehensive overview of the home turf advantage model, from foundational principles to advanced strategies.

• 00:05:00 In this section, the hosts discuss the advantages of their unique approach to dropshipping, which they call the "home turf advantage." According to them, this method involves selling high-ticket items from suppliers in one's home country, ensuring better control over product quality and customer satisfaction. They share their personal experience of failing with traditional low-ticket dropshipping and emphasise the importance of having a solid entrepreneurial mindset and clear business vision when starting a dropshipping business. The hosts also recommend registering a limited company as one of the foundational steps to establish legitimacy and protection for the business.

• 00:10:00 In this section, the hosts discuss the foundational steps for setting up a successful dropshipping business in the UK. They emphasise the importance of registering a limited company, separating finances, and having a strong desire for success. Additionally, they touch on the significance of choosing a profitable niche. To help entrepreneurs avoid common pitfalls, they provide a step-by-step niche validation criteria system, focusing on factors like average product price, customer demand, and trends. By following these guidelines, new business owners can save time, money, and ensure a solid foundation for their dropshipping venture.

• 00:15:00 In this section, the speakers discuss the importance of making data-driven decisions when selecting a niche for a high ticket dropshipping business. They emphasise the need to avoid trends and focus on stable product categories that will be in demand for years to come. Additionally, they advise against trying to compete with large global brands and instead recommend partnering with smaller suppliers who are more likely to work with new retailers. The speakers also stress the importance of ensuring that the chosen suppliers meet quality and reliability standards and are already willing to dropship. They share personal experiences of making mistakes in the past by not following this approach and not making sales due to poorly chosen products. The discussion then shifts to building a professional website for selling the products, emphasising the importance of a clean design, effective product descriptions, and a strong email marketing setup. They encourage starting with a minimum viable store and reinvesting profits to improve the store's design later.

• 00:20:00 In this section, the hosts discuss essential elements for launching a successful dropshipping store on Shopify. They mention a checklist of common mistakes to avoid before going live and the importance of advanced tactics like email marketing and retargeting. The hosts also emphasise the significance of having a visually appealing and easy-to-navigate store. They recommend focusing on high-quality product images, detailed descriptions, and trust symbols to build customer trust. The hosts suggest launching quickly with a minimum viable product to start generating revenue and improve the store over time. They also recommend signing the first dropshipping supplier through a personal approach, such as a phone call or in-person meeting, to establish strong supplier relationships.

• 00:25:00 In this section, the speakers discuss the importance of building strong relationships with suppliers. They emphasise the need for thorough research and a professional pitch to impress potential suppliers and build trust. The speakers also advise against using a script verbatim and instead, customising outreach efforts. They highlight the benefits of long-term supplier relationships, including exclusive deals and increased revenue. The speakers also emphasise that it's a partnership between the retailer and supplier, and both parties bring value to the table. They share their experience of initially feeling nervous about calling suppliers but eventually coming to enjoy the process. The podcast then moves on to discussing the importance of driving traffic to a dropshipping store to generate sales.

• 00:30:00 In this section, the speaker discusses the importance of setting up effective advertising strategies, specifically using Google Ads, for dropshipping businesses. He explains that focusing on customers who are already searching for high-ticket products makes advertising more cost-effective than social media platforms. The speaker shares his experiences with setting up Google ad campaigns and the importance of validating suppliers before running ads. He also mentions the use of remarketing strategies to re-engage potential customers and increase brand visibility across different platforms. The speaker emphasises the importance of correctly measuring sales and attributing them to the correct ads for effective optimisation. Overall, the speaker stresses the significance of a strong foundation in advertising for a successful dropshipping business.

• 00:35:00 In this section, the hosts discuss strategies for managing daily operations efficiently in a Dropshipping business. They suggest using tools like Gmail for email management and Trello for managing supplier invoices and bookkeeping. Hubstaff is recommended for team organisation and time tracking. The ultimate goal is to monitor key performance metrics and automate or outsource tasks that cannot be automated. This allows business owners to delegate and focus on expansion, such as creating additional businesses or pursuing other interests. Success stories are shared in the Dropship Unlocked masterclass community.

• 00:40:00 In this section, hosts share success stories from the Dropship Unlocked community. Members have achieved significant sales, with one member, Julia, making £30,000 in sales within the first three months. Another member, Adam, had a single £7,000 order, demonstrating the potential for high profits. These stories illustrate that substantial income can be generated through dropshipping, even with an average order value of £500. The key takeaway is that entrepreneurs should focus on building a strong foundation, starting with the right mindset and choosing the right niche. For more detailed strategies and resources, listeners are encouraged to check out episode 46 of the Dropship Unlocked podcast or purchase the book "The Home Turf Advantage."

• 00:45:00 In this section, the hosts answer a question from a listener named Sonia Moran about whether dropshipping is something anyone can start, even if they're not very tech-savvy. The hosts confirm that dropshipping is accessible to anyone, and they use Shopify as an example of a tool that makes it easier for store owners to run their businesses, despite having little to no technical experience. The hosts also emphasise the importance of having the right guidance and support, which they provide through their detailed training videos and community. They share success stories of people from various backgrounds who have started dropshipping businesses despite their initial doubts. The hosts also read a recent positive review from a listener named Rob and encourage listeners to leave reviews or comments to help them create better content and reach more listeners.

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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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