👉 Ready to start your own online store? Start here: https://dropshipunlocked.com/online-event?el=blog-50-q-and-a-special

Get your copy of Lewis’ new book - The Home-Turf Advantage ➡️ https://www.htabook.com/?el=blog-50-q-and-a-special

🗣 In this special Q&A episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley take the opportunity to delve into your burning questions. 

They share their personal experiences, insights, and advice on topics ranging from failure and motivation to successful e-commerce traits and dropshipping confidence.

👉 Do you know someone who would love this? Share this video ➡️ https://youtu.be/HcH2_itIbP4?si=pMDsppfMDIaYc0sQ

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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-50-q-and-a-special

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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:

★ Real Costs of Starting: Get a breakdown of the real costs involved in starting a dropshipping business, both running costs and advertising investments.

★ Credibility of Dropshipping: Addressing scepticism about dropshipping, Lewis cites numerous real success stories from members of the Dropship Unlocked community who have transitioned from beginners to thriving dropshippers.

★ Boosting Confidence: For beginners hesitating to start, Lewis shares mindset shifts and practical steps to boost confidence, including self-belief, small daily actions, and creating a positive environment.

★ Overcoming Procrastination: Tips for overcoming procrastination include setting small, achievable goals, breaking tasks into manageable pieces, and focusing on the "why" behind your dropshipping journey.

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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-50-q-and-a-special

 ➡️ 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 "Q&A Special: Answering Your Top Questions" episode of the Dropship Unlocked Podcast (episode 50), the speakers share personal experiences of business failures and the importance of separating identity from business success, focusing on finances, and embracing the mindset of successful entrepreneurs. They also discuss the value of mentorship, the importance of consistency and self-belief, and strategies for optimising and scaling a dropshipping business, including audience targeting and building both organic and paid marketing strategies. The hosts also express their appreciation for listener reviews and encourage listeners to leave feedback and purchase the book "The Home Turf Advantage" for further guidance. Throughout the conversation, the speakers emphasize the importance of learning from experiences, remaining focused, and adapting to setbacks for long-term success.

• 00:00:00 In this section, Lewis Smith shares his personal experience of business failure and the importance of separating identity from business success. Having tied her identity to the success of her e-commerce business, she faced financial troubles and had suppliers calling for payments when she had no funds. This led to anxiety and insomnia, a first for her. Despite the challenges, she learned valuable lessons about business management and the importance of keeping personal identity separate from business success. This incident also reminded her of the importance of learning from others' mistakes and implementing successful strategies to achieve the same results.

• 00:05:00 In this section, the host shares lessons learned from early business failures and the importance of staying focused on finances. He recounts how starting a business with 20K debt was a significant setback, but a valuable lesson. The speaker emphasises that experiences, unlike video games, yield real-life outcomes and the motivation to keep building and growing comes from the enjoyment of the process itself. He discusses how his motivation evolved from a desire to be present for his family to a love for the game of business and helping others avoid the same mistakes. The speaker accepts that motivation changes throughout a business journey and the key to success is having an intrinsic motivation that fuels continuous growth.

• 00:10:00 In this section, the guest speaker shares his mindset and the importance of personal development and surrounding oneself with successful individuals. He discusses the mindset shift from believing successful entrepreneurs sit on a beach, patting themselves on the back, to understanding that they are continuously working and enjoying the process of growth. The speaker then moves on to answer Harrison and Ben's question about the key characteristics separating a successful e-commerce business from one doomed to fail. He emphasises the importance of having many high-quality suppliers to create a higher likelihood of success and the significance of validating the niche and choosing it based on data, not emotions. The entrepreneurial traits for success include focusing on the few vital tasks, separating signal from noise, and not taking setbacks personally. The speaker encourages entrepreneurs to adapt and learn from failures, but not get too attached to the outcomes. This approach, he believes, leads to long-term success.

• 00:15:00 In this section, the speakers discuss the traits of successful entrepreneurs and the importance of learning from their experiences to achieve the same success. The first trait mentioned is being relatively detached from outcomes, focusing instead on making improvements every day. The second trait is being quick action takers, implementing what they learn and iterating as they go, rather than dwelling on decisions. Regarding the costs of starting a dropshipping business and the role of investing in a mentor, the speakers emphasise that mentorship significantly reduces both running and advertising costs. Mentorship provides insights from other people's expensive mistakes and a step-by-step blueprint for more efficient investment, saving potential entrepreneurs time and money. Running costs, such as Shopify fees and apps with monthly subscriptions, require minimal investment. Advertising costs are proportional to sales, with a recommendation to have a few hundred pounds ready to invest wisely. Investing in advertising with the right supplies, products, and setup yields quick results. Moreover, a mentor shortens the time it takes to become profitable and offers the path of least resistance to success.

• 00:20:00 In this section, Aisha and her guest discuss the skepticism surrounding the success of drop shipping and address a question from a listener, Kaian, who is a beginner and feeling hesitant. They explain that while drop shipping may seem too good to be true, there are indeed people making significant sales full-time. Hundreds of members with varying backgrounds such as accountants, plumbers, roofers, electricians, and web designers have made tens to millions of pounds in sales. Jared and Phil are two examples given, having made 4 million and 100,000 in sales, respectively. Aisha advises Kaian to focus on building self-belief and self-confidence to take the necessary steps. The key takeaway is to remind oneself daily that they can do this, and then show up and do the work consistently, taking small daily actions. They strongly emphasize the importance of self-belief and consistency over perfection.

• 00:25:00 In this section, the discussant emphasises the importance of consistency in small workouts and positive mindset for personal growth and business success. He stresses that self-belief and surrounding oneself with like-minded individuals are crucial foundations for taking action and achieving one's goals. The discussant also addresses someone who hasn't felt ready yet to start their own business and advises them to identify their hesitations or fears, and work on self-belief and evidence building to help overcome their apprehensions. He also suggests breaking tasks into smaller manageable pieces and focusing on the why of starting a business to stay motivated and productive.

• 00:35:00 In this section, the topic of finding high-quality Drop Shipping suppliers is addressed. The speaker emphasises the importance of having a solid foundation in place before contacting potential suppliers. This includes having a registered limited company, a business bank account, and a store that showcases company details. The speaker also recommends researching if suppliers are already Drop Shipping to other retailers before approaching them. For marketing once things are set up, the speaker suggests investing in Google's Performance Max campaigns for automated sales and using conversion value or return on ad spend as target goals.

• 00:35:00 In this section, the hosts discuss various strategies for optimising and scaling a dropshipping business. One topic covered is audience targeting using asset groups on Google and Facebook ads to direct marketing efforts towards specific demographics. Once campaigns are up and running, advertisers may invest in Performance Max or Target ROAS campaigns, and later create search text ads for top-selling products. Google Analytics is recommended for tracking and reporting on ad performance metrics such as Conversion Value over Cost or Return on Ad Spend. Longer-term, the hosts suggest building both organic and paid marketing strategies. Paid ads offer quicker results and cash flow, while a brand strategy enhances profitability in the long term by building enterprise value. Both strategies should be pursued simultaneously. For those starting from scratch, the hosts recommend using comprehensive guides or resources, such as Louis's book "The Home Turf Advantage," to gain knowledge and experience in building a dropshipping business.

• 00:40:00 In this section, the hosts express their appreciation for listener reviews and read aloud a recent one from a viewer named Violet. She praised the book's comprehensiveness and actionable advice, especially when funds are limited. The hosts encourage listeners to leave a review themselves and share how the feedback drives the podcast. They remind viewers to subscribe for more strategies, success stories, and the chance of a shout-out in future episodes. The episode offers a distilled guide for building an e-commerce venture, and the hosts aim to provide insights and inspiration for the e-commerce journey. Listeners are invited to purchase the book, "The Home Turf AD/VD Volume at hta book.com ," for further guidance.

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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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