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🗣 ​​In this episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley explore the ideal online business for beginners in 2024. If you're new to the world of entrepreneurship and looking for a business model that aligns with your goals and offers a smoother learning curve, this episode is your guide. 

Lewis and James break down the key considerations for beginners and unveil the online business that stands out for its low risk, low startup capital requirements, and potential for substantial profits.

👉 Do you know someone who would love this? Share this video ➡️ here: https://youtu.be/5TaQUuAjXFo?si=HiunzgQ0KD2SxDO9

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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-44-best-beginner-online-business

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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:

★ Aligning Business with Personal Goals: The hosts emphasise the importance of choosing an online business that aligns with your interests and lifestyle. Just as you'd choose the right music playlist for a road trip, selecting a business model that resonates with your goals sets the tone for your entrepreneurial journey.

★ Expectations for Beginners: Starting an online business can be overwhelming for beginners. Lewis and James share their own experiences, highlighting that the initial learning curve is steep, but persistence and guidance can lead to mastery.

★ Why High-Ticket Dropshipping Stands Out: High-ticket dropshipping emerges as an ideal choice for beginners due to its lower risk, minimal startup capital requirements, and potential for higher profit margins. It allows you to sell fewer items of higher value, reducing admin work and enabling a flexible lifestyle.

★ Starting with High-Ticket Dropshipping: Lewis and James provide a step-by-step guide for beginners interested in high-ticket dropshipping, from niche selection to using platforms like Shopify and partnering with reliable suppliers.

★ Recommended Tools and Resources: Shopify is recommended as a foundational tool for building an online store. Learning Google Ads is advised for attracting visitors, and engaging with online communities can provide valuable support and knowledge.

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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-44-best-beginner-online-business

➡️ 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 "Dropship Unlocked Podcast Episode 44," James Eardley and Lewis Smith discuss the best online business options for beginners, emphasising the importance of considering personal goals and lifestyle before choosing a model. They recommend starting with a tangible, familiar business that aligns with interests, such as dropshipping or affiliate marketing. The speakers share their own experiences and the benefits of high ticket dropshipping, which offers larger profit margins and less administrative work. They encourage beginners to embrace the learning curve, take action, seek help, and engage with online communities. Effective customer service, such as addressing inquiries promptly, hiring a virtual assistant, and implementing loyalty programs, is also discussed as essential for retaining customers and growing the business

• 00:00:00 In this section, James Eardley and Lewis Smith discuss the best online business for beginners to start with no prior experience. They emphasise the importance of defining personal goals and desired lifestyle before choosing a business model. Lewis suggests considering various options, such as affiliate marketing, FBA, or drop shipping, but warns against choosing overly complex or technical businesses, like app development or software companies, as a first venture. Instead, he recommends selecting a business that aligns with individual interests and lifestyle for quicker success and income

• 00:05:00 In this section, the speaker shares his personal journey of choosing the right business model based on lifestyle preferences and financial resources. He emphasises the importance of selecting a business model that aligns with one's desired lifestyle and enables autonomy and scalability. The speaker shares his own experience, having wanted a business where he had full control over his time and a low startup budget. He advocates saving up cash to have a financial cushion and delaying entrepreneurship until the necessary resources are available. For those starting with no experience and limited funds, the speaker suggests choosing a business model that is tangible, familiar, and low-risk, such as selling physical products and using a dropshipping model that keeps many things familiar. He also encourages avoiding the temptation to sell in unfamiliar markets or opening a private label brand too soon, as expanding internationally or developing a private label brand can be costly and complex. Overall, the speaker emphasizes the importance of careful consideration, planning, and preparation before starting a business

• 00:10:00 In this section, James Eardley and Lewis Smith discuss the importance of understanding a business model and aligning it with one's lifestyle goals when starting a business as a beginner. James Eardley talks about his experience with UK high ticket dropshipping due to its familiarity and low risk. The conversation then shifts to Lewis Smith's revelation of lifestyle design as a mechanism to build a business around one's lifestyle goals and interests. He shares how he was inspired by Tim Ferriss's concept of lifestyle design and the idea of earning a good income while having a fulfilling lifestyle. Lewis Smith also adds that he started exploring e-commerce businesses using the dropshipping model to build a business that could provide him with financial security and enable him to work from anywhere

• 00:15:00 In this section, James Eardley and Lewis Smith discuss the importance of defining personal goals before starting a business, especially an online one. Both speakers share their own motivations, which are achieving financial freedom and location independence. James Eardley emphasises the need to have clear objectives such as flexibility, financial gain, or a particular lifestyle, to make the right decision regarding business models. Smith draws an analogy between choosing a business and selecting a workout plan, emphasising the importance of aligning business choices with one's desired lifestyle and end goals. They encourage listeners to consider their aspirations to enable them to make informed decisions when starting an online business

• 00:20:00 In this section, Lewis Smith and James Eardley discuss the challenges and learning curve of starting an online business for beginners, especially in ecommerce using platforms like Shopify. Lewis shares his personal experience of having little knowledge about building websites or using Shopify, but through determination, action, and learning on the go, he was able to build a successful online business. He emphasizes the importance of embracing the steep learning curve, taking action, and seeking help when needed to achieve success. James adds that this approach is similar to playing a game, but with real-life rewards, and that it is essential to view online business as a learning experience rather than expecting perfection from the start. Overall, the guests encourage beginners to embrace the challenges of starting an online business, particularly in ecommerce, and to seek guidance and mentorship to flatten the learning curve and ultimately succeed

• 00:25:00 In this section, Lewis Smith and James Eardley discuss the benefits of high ticket drop shipping for new business owners. According to Smith, high ticket drop shipping offers larger profit margins per sale and requires less administrative work, making it an attractive option for those aiming for a specific income level. Eardley shares his personal experience, explaining that although it may seem intimidating to sell high-priced items at first, the rewards are worth the effort. He also emphasises that less marketing and operational expertise is required due to the reduced number of sales required to reach a desirable income level. Both speakers agree that high ticket drop shipping can lead to a more enjoyable and efficient business experience for beginners

• 00:30:00 In this section, James Eardley and Lewis Smith discuss the benefits of high ticket drop shipping for beginners, despite common assumptions that one needs experience or can only sell low ticket items. They share success stories of members in their program providing VIP Concierge Service to customers, leading to positive reviews, recommendations, and eventual growth. James Eardley encourages beginners to consider high ticket drop shipping, starting with finding a niche that suits their interest and researching reputable UK suppliers for next-day delivery. The duo emphasises the importance of using Shopify as the platform for building and managing the online store, which offers a free trial and extensive resources. Additionally, they suggest hiring a virtual assistant once sales start coming in to run the day-to-day operations while the business continues to grow. They strongly recommend listeners to queue up episodes 11, 27, and 44 from the Dropship Unlocked Podcast for a more in-depth understanding of the process and for resources to help get started

• 00:35:00 In this section, James Eardley and Lewis Smith discuss the importance of taking action to start an online business, even for beginners, and provide steps to get started. They recommend signing up for a free trial of a platform to create an online store, learning Google ads for driving traffic, and engaging with online communities for support. James emphasises the importance of having a strong motivation to start a business and encourages listeners to just take the first step. Lewis adds that email marketing is key for customer retention, suggesting sending valuable content, building trust, and offering exclusive discounts to customers. Moreover, he emphasises the importance of excellent customer service

• 00:40:00 In this section, Steve shares his experience on effective customer service and retention in an online business. He discussed how addressing customer inquiries promptly and efficiently can lead to increased sales. Steve also suggested training a virtual assistant to handle customer service, allowing business owners to focus on other aspects of their enterprise. Returning customer discounts and incentives like loyalty programs were identified as effective strategies for retaining customers and encouraging them to make repeat purchases. James and Lewis then acknowledged a positive review from a listener and encouraged listeners to share their feedback or leave a review on their preferred platform. The episode concluded with a call to action for those interested in starting their own high ticket dropshipping business and an invitation to subscribe to the podcast for valuable insights

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