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🗣In this episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley discuss the possibilities and realistic expectations of starting a dropshipping business. 

We provide insights on setting achievable goals, understanding the journey, and implementing effective 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:

★ Education is Key: Start by thoroughly educating yourself about dropshipping and its nuances.

★ Set Achievable Goals: Set realistic short-term and long-term goals to stay motivated and measure progress.

★ Consistent Effort: Success requires consistent effort, learning from failures, and adapting strategies.

★ Community and Mentorship: Engage with communities and seek mentorship to accelerate learning and avoid common mistakes.

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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-77-whats-possible-with-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 "What's Possible with Dropshipping? Setting Expectations" episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley, along with entrepreneurs Louis Dallas and Louis Grenier, discuss the importance of setting realistic expectations, choosing the right business model, and continuously learning in dropshipping. They share personal experiences and emphasise the potential benefits of dropshipping, such as reduced risk and location freedom, but stress that it requires hard work, dedication, and a clear understanding of the journey ahead. The speakers encourage setting achievable milestones, staying updated with industry trends, and seeking support and education to achieve success. They also share success stories and emphasise the potential for significant sales growth and the possibility of selling a business after a few years.

• 00:00:00 In this section, hosts Lewis Smith and James Eardley discuss the importance of setting realistic expectations when starting a dropshipping business. They share their personal experiences and emphasise that while dropshipping offers the potential for financial and location freedom, it requires hard work and dedication. The hosts explain that dropshipping is a retail fulfillment method where stores don't keep the products they sell in stock, instead purchasing them from a third party and having them shipped directly to customers. This eliminates the need to handle inventory upfront, making it an appealing option for aspiring entrepreneurs. However, they stress that success in dropshipping is not a quick path to easy money and requires a clear understanding of the journey ahead.

• 00:05:00 In this section, the speaker shares his personal experience with dropshipping and the benefits it offered him in terms of reduced risk and flexibility. He explains that he didn't have the financial resources to invest in stock for a traditional business model, so dropshipping allowed him to start with limited capital and avoid the risks associated with holding inventory. Additionally, the freedom to run his business from anywhere in the world without worrying about physical stock was a significant advantage for him. The speaker emphasises the importance of choosing the right business model and suppliers to achieve success in dropshipping with minimal stress. He concludes by acknowledging that everyone's journey and definition of success will be different, but the initial focus should be on setting up the store, understanding the niche, and running the first ads to build the foundations of the business.

• 00:10:00 In this section, the speaker discusses the importance of setting realistic expectations and celebrating small victories when starting a dropshipping business. He compares the initial learning process to learning a new language and emphasises the importance of immersion and community support. The speaker also mentions that running a serious business requires both time and money investment and that success is a marathon, not a sprint. He suggests setting achievable milestones along the way to keep motivation high and enjoying the journey. The speaker shares personal experiences of celebrating small wins, such as getting a business email address or signing up a supplier, and encourages defining success individually. Milestones for success in dropshipping include reaching consistent daily sales and scaling up operations.

• 00:15:00 In this section, the speaker shares his personal experience of growing a successful dropshipping business and the importance of setting expectations. He explains how the business can quickly scale up from making a few sales per day to thousands, requiring the entrepreneur to optimise operations and hire a team. The speaker emphasises the need to identify and delegate high-leverage tasks to skilled individuals, allowing the entrepreneur to focus on scaling the business. He also suggests setting both short-term and long-term goals, such as reaching consistent daily sales or building a sellable business, and emphasises the importance of creating a solid foundation and setting up processes for long-term success. The speaker concludes by noting that unlike a job, a dropshipping business can be sold for a significant profit after a few years.

• 00:20:00 In this section, the speakers emphasise the importance of setting long-term goals in e-commerce businesses, such as dropshipping. They encourage listeners not to limit their expectations and share success stories of individuals who achieved significant sales despite having no prior experience. The speakers suggest focusing on optimising and scaling profitable paid ad campaigns as a strategy for quick growth, and investing in great customer service to build a loyal customer base and free up time for entrepreneurs to focus on business ownership.

• 00:25:00 In this section, entrepreneur Louis Dallas emphasises the importance of staying updated with industry trends and continuously improving skills as a key to success in dropshipping. He shares his personal experience of learning from others and being part of a community as a shortcut to achieving goals. Dallas also advises new entrepreneurs to educate themselves thoroughly, engage with communities, consider mentorship, and understand that success is not an overnight achievement. He encourages listeners to read his book, "The Home Turf Advantage," for a comprehensive strategy and to join the Dropship Unlocked Launchpad community for support. The episode covers Dan Reinter's question about expected success in the first year of high ticket dropshipping in the UK, with Dallas acknowledging the steep learning curve in the initial months.

• 00:30:00 In this section, entrepreneur Louis Grenier discusses the importance of having the right support and tactical knowledge to achieve success in dropshipping. He emphasises that being part of a program can lead to faster results, and the more time one can commit to growing their business, the faster they will see progress. After the initial few months, entrepreneurs should start seeing steady growth and consistent sales. Grenier suggests a realistic goal for monthly revenue within the first year, ranging from 10,000 to 50,000 pounds. He also mentions the benefits of the Dropship Unlocked Masterclass, which is designed to fast-track progress and help entrepreneurs achieve those milestones earlier. Bailey 899, a podcast listener, shares a review expressing gratitude for the podcast and how it inspired them to become an entrepreneur. The power of podcasts and sharing experiences resonates with listeners, providing inspiration and guidance.

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★★★Dropship Unlocked - Lewis Smith★★★

How to Launch a UK Dropshipping Business Offering Next-Day Delivery...

...Even If You Don't Yet Know Which Products To Sell

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