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👉 Ready to start your own online store? Start here: https://dropshipunlocked.com/online-event?el=blog-81-finding-premium-suppliers
🗣In this episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley dive into the crucial topic of how to find premium dropshipping suppliers.
By the end of this episode, you'll know exactly how to identify suppliers that can significantly boost your business's growth.
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Links and Resources Mentioned:
Pick up a copy of Lewis’ book: https://htabook.com
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Get a free trial with a professional phone line: https://www.dropshipunlocked.com/circle
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Key Takeaways:
★ Focus on Quality: Quality suppliers lead to better customer satisfaction and brand reputation.
★ Reliability and Support: Premium suppliers provide consistent delivery times and better support.
★ Higher Profit Margins: Premium suppliers allow for higher pricing and increased profit margins.
★ Research and Relationships: Thorough research and strong supplier relationships are crucial for long-term success.
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Learn More:
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Topics Discussed:
In the "How To Find PREMIUM Dropshipping Suppliers" episode of the Dropship Unlocked Podcast, the hosts discuss the significance of premium suppliers for a successful dropshipping business. They explain that high-quality suppliers ensure customer satisfaction through faster shipping times and better product quality, leading to happier customers, better reviews, and more sales. Premium suppliers also help maintain brand reputation and reduce business owner issues, saving time and resources. To find these suppliers, the hosts recommend focusing on a specific niche, researching competitors, and contacting brands directly. Building strong relationships with premium suppliers is crucial for long-term success. The hosts also promote their masterclass as an effective resource for implementing and executing the dropshipping business model, offering over-the-shoulder tutorials, access to experienced mentors, and a supportive community.
00:00:00 In this section, the hosts discuss the importance of finding premium Drop Shipping suppliers for building a successful and growing business. According to them, high-quality suppliers ensure customer satisfaction through faster shipping times and better quality products, leading to happier customers, better reviews, and more sales. Additionally, reliable suppliers help maintain brand reputation and reduce the number of issues for business owners, saving time and resources to focus on business growth. The hosts emphasise the significance of finding premium suppliers in the early stages of a Drop Shipping business.
00:05:00 In this section, the importance of signing high-quality suppliers for a successful dropshipping business is emphasised. The speakers explain that since dropshippers have less control over product quality, it's essential to have reliable and high-quality suppliers to ensure customer satisfaction and avoid headaches. Premium suppliers offer consistent delivery times, well-managed support, and higher quality products, which ultimately benefits the retailer's brand and customer experience. To distinguish premium suppliers from budget ones, research is necessary, and premium suppliers may not advertise themselves as dropshippers. They provide better support and communication, making it easier for retailers to resolve any issues that may arise.
00:10:00 In this section, the speakers draw a comparison between premium and budget suppliers using the analogy of luxury and budget hotels. They emphasise that while both types deliver the same basic service, the experience and support provided by premium suppliers significantly impact business success. The speakers share their personal experience of using both types of suppliers and highlight the benefits of premium suppliers, such as higher profit margins, better product quality, and customer loyalty. They also discuss how premium suppliers reduce risks associated with poor quality products and unreliable shipping. Overall, the speakers stress the importance of premium suppliers as the foundation for a successful dropshipping business.
00:15:00 In this section, the importance of premium suppliers for a successful dropshipping business is emphasised. The speaker explains that premium suppliers contribute to increased sales by offering better quality brands, improved customer service, and a positive cycle of happier customers leading to more sales. To find these suppliers, the first step is to choose a specific niche for your business. Narrowing down your supplier pool by focusing on brands within your niche increases the likelihood of finding premium suppliers. Direct competitors in your niche can provide valuable insights into the brands they are already working with and drop shipping. Reach out to these brands and consider arranging in-person meetings to build strong relationships. Maintaining these relationships is crucial for long-term success.
00:20:00 In this section the speakers emphasise the importance of finding and building relationships with premium suppliers to ensure long-term success in a dropshipping business. They recommend starting by identifying your niche and researching competitors to find the brands they work with, then contacting those brands directly. Another effective method is attending trade shows within your niche to meet multiple suppliers in person and gauge their reliability and willingness to work with you. The speakers stress the value of investing time in finding and building strong relationships with premium suppliers, as they are the backbone of any successful dropshipping business. They encourage listeners to prioritise quality in products and customer service, and to continuously learn and adapt to new techniques for finding suppliers.
00:25:00 In this section, the hosts answer a listener's question about the additional information provided in their masterclass. They explain that while the podcast provides valuable insights and information, the masterclass is where the implementation and execution take place. The masterclass offers a full step-by-step approach, including over-the-shoulder tutorials, access to experienced mentors, and a supportive community. The hosts emphasise that the community aspect is a hidden gem and a determining factor for success in the dropshipping business model. By joining the masterclass, listeners can condense their learning journey from years into a matter of weeks.
00:30:00 In this section, the hosts discuss the benefits of their Master Class for those ready to take action and start their business. The Master Class offers tactical and emotional support, allowing students to receive guidance and feedback as they progress. The hosts emphasise the importance of community and accountability in overcoming challenges. Tracy Ly, a podcast listener, is thanked for leaving a positive review and sharing the podcast with aspiring entrepreneurs. The episode concludes with a call to action for listeners to share the episode with those who could benefit from the information.
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