👉 Ready to start your own online store? Start here: https://dropshipunlocked.com/online-event?el=blog-80-future-ecommerce-mike-michelini

Learn more about the future of ecommerce with Mike’s new platform ➡️ https://www.loadpipe.com/ 

🗣In this episode, we are joined by Mike Michelini, an ecommerce seller, web3 marketer, and the organiser of the Cross Border Summit. 

We discuss the future of ecommerce and dropshipping, diving into topics like Web3, blockchain, and the evolving landscape post-pandemic. Mike shares his extensive experience and insights into what lies ahead for the ecommerce industry.

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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:

★ Web3 and Blockchain in E-commerce: Web3 and blockchain technologies bring decentralisation and greater user control to the ecommerce space. These technologies offer significant advantages such as enhanced security, transparency, and reduced need for intermediaries.

★ Post-Pandemic Ecommerce Landscape: The pandemic has accelerated changes in consumer behaviour, creating new opportunities for ecommerce entrepreneurs.

Understanding these shifts can help new businesses capitalise on emerging trends and demands.

★ Adopting New Technologies: Embracing blockchain and Web3 technologies can provide a competitive edge in the evolving ecommerce landscape. Staying informed and adaptable is crucial for success in this rapidly changing industry.

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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-80-future-ecommerce-mike-michelini

 ➡️ 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 "The Future of Ecommerce" episode of Dropship Unlocked Podcast (Episode 80), Mike Michelini discusses the role of blockchain technology in the future of ecommerce. He explains how this decentralised system can provide more control over data and transactions for sellers, eliminating the need to trust intermediaries. Michelini also talks about the potential shift from centralised platforms to decentralised systems using blockchain technology, such as decentralised autonomous organisations (DAOs), where community members have the power to make decisions. He encourages ecommerce businesses to start accepting crypto payments and introduces his current project, LoaDpipe, which includes a dispute resolution system. Michelini emphasises the importance of owning more of one's business and encourages listeners to stay informed about future business models and building their own brands. He also promotes his book, "The Home Turf Advantage," for practical guidance on starting an ecommerce venture.

• 00:00:00 In this section, Mike Michelini, a trailblazer in E-commerce and web three spaces and the visionary behind the Cross Border Summit, discusses the future of E-commerce. He is currently at the forefront of these discussions, having organised a summit at the time of recording. Mike shares insights about the foundational aspects of blockchain and why it's an exciting time for entrepreneurs to start or pivot their business strategies towards these emerging technologies. The discussion covers the benefits for Shopify dropshippers and provides cutting-edge insights that could redefine how one approaches E-commerce in the future. Mike's expertise in E-commerce selling and web three marketing, along with his experience living in Thailand and China, makes him an authority on the topic.

• 00:05:00 In this section, Mike Michelini discusses the emerging role of blockchain technology in ecommerce. He explains that blockchain is a public database, like a large Excel spreadsheet, where transactions are recorded and visible to all participants. Unlike private databases used by companies like Amazon, Shopify, and Facebook, blockchain transactions cannot be reversed or altered, making it a trustless system. This decentralised nature of blockchain can benefit ecommerce sellers by giving them more control over their data and transactions, eliminating the need to trust intermediaries. The use of blockchain in ecommerce is still new and complex, but it holds the potential to provide a more secure and transparent way of buying and selling products online.

• 00:10:00 In this section, Mike Michelini discusses the potential shift from centralised platforms to decentralised systems using blockchain technology. He explains how in a decentralised autonomous organisation (DAO), community members would have the power to vote and make decisions, including the ability to raise cases and have disputes reviewed by the community. This would result in users owning their data and money, and being removed from marketplaces at the protocol level if necessary. Michelini expresses his belief that the transition to web three and decentralised systems is inevitable, but emphasises the importance of building public and global blockchains to ensure control and ownership for individuals. He also highlights the main difference between web two, the current internet where users can read and write but don't own content, and web three, where users will own their content and identity.

• 00:15:00 In this section, the discussion revolves around the future of ecommerce and the importance of owning more of one's business. Michelini explains how the future of ecommerce may involve building an ecosystem of marketplaces and platforms, allowing individuals to have more control over their businesses and reducing reliance on external tools and accounts. He also emphasises the value of email lists as a business asset that can be owned and transferred, unlike social media followers. Michelini encourages business owners to focus on building their own brands as a long-term investment, as they are more likely to last and provide a sense of stability and portability in the ever-evolving ecommerce landscape.

• 00:20:00 In this section," Mike Michelini discusses his current projects in the ecommerce industry, specifically a blockchain model called LoaDpipe. The model includes a "Justice layer" for handling disputes and a marketplace called Hamza, where users can buy and sell using crypto. Michelini explains that while it's possible for ecommerce stores to accept crypto payments through platforms like Shopify and plugins such as Bitpay, the lack of a dispute mechanism is a concern for some buyers. To address this issue, LoaDpipe is building a dispute resolution system. Michelini encourages ecommerce businesses to start accepting crypto payments and invites listeners to learn more about LoaDpipe at LOAdpipe.com.

• 00:25:00 In this section," the hosts express their appreciation for having Mike on the podcast and share their insights from the conversation. They highlight Mike's knowledge about the role of blockchain in ecommerce and how Shopify store owners can leverage this technology. The hosts emphasise the importance of staying informed about future business models and being prepared for a more decentralised and transparent business landscape. They also mention an upcoming members-only training session with Mike. The episode concludes with answering a listener's question about registering a company before finding a niche and encouraging listeners to share the podcast with others who might benefit from it.

• 00:30:00 In this section," the speaker encourages listeners to start their ecommerce journey with his book, "The Home Turf Advantage," available at HTABook.com. He emphasises the practical guidance based on real experience to help build an ecommerce venture. The speaker also reminds viewers to subscribe to the channel for more strategies and success stories, and to leave a five-star review for a potential shout-out on an upcoming episode. The podcast promises to bring more insights on the next episode.

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