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🗣Hosts Lewis Smith and James Eardley delve into the current state of dropshipping. With rapid changes in the ecommerce landscape, they explore how these shifts impact new and existing dropshippers, offering insights into the latest trends, opportunities, and strategies for success.

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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:

★ Stay Adaptable and Informed: Continuous learning is crucial as the market evolves.

Building strong relationships with suppliers and customers provides a competitive edge.

★ Focusing on quality products and customer service is key to building a sustainable business.

★ Utilise Available Resources: Leverage comprehensive learning paths and communities for support and guidance. Engage with other experienced business owners to share insights and strategies.

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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-79-current-state-of-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 "Dropship Unlocked Podcast Episode 79," hosts Lewis Smith and James Eardley discuss the evolution of dropshipping and its current state. When Louis first started, reliable UK-based suppliers were hard to find, and dropshipping was not well-known. However, the landscape has changed, with more suppliers open to dropshipping and providing faster delivery times and better customer service. This shift has made dropshipping more accessible and attractive for new entrepreneurs. The speakers also emphasise the importance of finding a unique niche, validating it, and building a strong brand to stand out from competitors. Education and resources are crucial in the dropshipping industry, and the Dropship Unlocked Masterclass offers step-by-step training and community support. While success is not guaranteed, the hosts provide every tool and resource needed to help members succeed. Overall, the speakers believe the abundance of resources and selection available in the digital age makes now an excellent time to start a dropshipping business.

• 00:00:00 In this section, hosts Lewis Smith and James Eardley discuss the current state of dropshipping and how it has evolved over the years. When Lewis first started in dropshipping, finding reliable UK-based suppliers was a challenge, and the concept of dropshipping was not well-known. However, the landscape has significantly changed, with more UK suppliers now open to dropshipping and providing faster delivery times and better customer service. This shift has made it advantageous for new entrepreneurs to enter the market, as suppliers are more familiar with the model and have dedicated drop shipping arrangements in place. The industry's evolution has led to a better selection of suppliers and partnerships, making it a more attractive option for businesses.

• 00:05:00 In this section," the speaker discusses how the dropshipping business model has evolved, making it more accessible and successful. A few years ago, finding reliable suppliers was a challenge, and it was difficult to convince them to work with dropshippers. However, with the increasing popularity and success of dropshipping, many suppliers are now open to the idea and may even approach retailers. The speaker also emphasises that retailers don't need to have 100% market share or sell only popular products, as the e-commerce industry and various niches continue to grow. The education and resources available to newcomers have also significantly improved, providing them with the knowledge and support to avoid pitfalls and build successful businesses. The shift towards more domestic suppliers has also had a positive impact on the dropshipping model, allowing for faster delivery times and improved customer satisfaction. Overall, the speaker emphasises the importance of having the right education and resources to capitalise on the opportunities in the e-commerce industry and build a solid and stable business.

• 00:10:00 In this section," the speaker shares his experience of transitioning from working with overseas suppliers to local ones and the significant impact it had on his business. He explains how the fast delivery and better communication with local suppliers led to increased customer satisfaction, loyalty, and referrals. The speaker also draws an analogy between upgrading from an old computer to a new one and the benefits of using local suppliers in dropshipping. He emphasises the importance of finding the right local suppliers and having strong foundations in place from the start to avoid common dropshipping challenges and stand out in a crowded market.

• 00:15:00 In this section," the speakers discuss the importance of finding a unique niche in the dropshipping business and standing out from competitors. They emphasise that choosing a niche with enough demand but not overly saturated allows dropshippers to attract a specific audience and build a strong brand. High ticket items and unique products that add convenience to customers are also key factors in differentiating oneself from competitors. Building a strong brand identity and interacting with customers in a unique way are also essential in setting oneself apart. The speakers encourage new dropshippers to expose themselves to education and research niches ahead of time to find their unique angle and serve an ever-growing customer base. They also note that while competition can be seen as a sign of opportunity, it's important to validate niches and seek out competition to ensure success.

• 00:20:00 In this section," the speaker emphasises the importance of validating a niche market and not being deterred by competition. He explains that even a small percentage of sales in a large market can generate significant profits, making competition less of a concern. The speaker also highlights the impact of education and accessible resources on new dropshippers, noting how they can help avoid early mistakes and learn from experienced business owners. The speaker shares his personal experience of starting out with limited resources and the benefits he gained from investing in education and mentors. He concludes by expressing gratitude for the availability of expert guidance and the home turf advantage business model in the digital age.

• 00:25:00 In this section, the speakers discuss the importance of education and community in building a successful dropshipping business. The Dropship Unlocked Masterclass offers step-by-step training and regular coaching calls, allowing members to connect and learn from each other. Many members credit the program with helping them get started and making their first sales. The speakers emphasise the value of education and staying informed about ecommerce trends, as well as building strong relationships with suppliers and customers to create a competitive edge and generate long-term income. They encourage listeners to remain adaptable to the ever-evolving market and prioritise quality in their products and customer service. Overall, the speakers believe now is a great time to start a dropshipping business due to the abundance of resources and selection available.

• 00:30:00 In this section, the hosts answer a listener's question about guarantees when joining the Dropship Locked Masterclass. They clarify that while they cannot guarantee success, they do provide every tool, resource, and support needed for members to succeed. They share success stories of members who have transformed their businesses and achieved significant sales growth by following their guidance. The hosts also highlight a recent positive review from a podcast listener and encourage listeners to share the podcast with those who might benefit from it.

• 00:35:00 In this section," the hosts express their gratitude for the listeners' time and share their excitement for upcoming insights in the next episode of the podcast. The conversation in the podcast is focused on the current state of dropshipping.

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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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