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🗣️ Welcome to another riveting episode of the Dropship Unlocked Podcast with your hosts, ecommerce business owners Lewis Smith and James Eardley. This week, we delve deep into a major hurdle for many aspiring entrepreneurs – self-doubt.
Together, Lewis and James pull back the curtain on overcoming self-doubt to launch a successful dropshipping empire, and provide practical tips and insights to empower you on your journey.
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Links and Resources Mentioned:
➡️ https://www.dropshipunlocked.com/Free - Dropship Unlocked free training on high-ticket dropshipping.
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Key Takeaways:
★ Self-doubt is a major barrier for many aspiring entrepreneurs, but it can be overcome through mindset shifts, skill development, and support from others.
★ Your mindset plays a critical role in overcoming self-doubt. Focus on positive affirmations, visualisation techniques, and reframing limiting beliefs.
★ Confidence can be built through thorough market research, continuous learning, and starting small before scaling up.
★ Leverage the power of supportive networks, including online communities, networking events, and accountability partners, to help overcome self-doubt.
★ Overcome self-doubt with actionable steps such as maintaining a success journal, seeking mentorship, and taking that crucial first step.
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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
➡️ 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:
The Dropship Unlocked Podcast - Episode 13 discusses how self-doubt can hold individuals back from achieving success in their dropshipping business. The speakers identify various root causes of self-doubt, including comparing oneself to others, fear of failure, seeking validation from the wrong sources, and negative self-talk. However, they recommend various techniques such as visualisation, personal affirmations, and reframing limiting beliefs to overcome self-doubt and boost self-confidence. Additionally, they provide advice on starting with a low-risk business model, conducting thorough market research, investing in education and training, and seeking support from a mentor or community. Niche validation is another important factor the speakers discuss and how to systematically assess the niche based on various criteria to select the right one. The podcast concludes with the hosts congratulating a listener's success and encouraging listeners to share the episode with others looking to start their own business.
00:00:00 In this section, the topic discussed is self-doubt and how it can hold people back from starting their own businesses or pursuing their dreams. Common root causes of self-doubt include social media comparisons and looking at others who have achieved success and thinking that they are so much further ahead. However, overnight successes are usually preceded by years of trial and error silently putting in the hard work. Comparing oneself to established entrepreneurs does not mean that new entrepreneurs cannot succeed, it just means that they have to overcome the initial hurdle of doubting their abilities and worthiness.
00:05:00 In this section, the speakers discuss the root causes of self-doubt that can hinder the success of dropshipping entrepreneurs. One of the major causes they identify is the urge to compare oneself to others, which creates distractions, leading people to miss opportunities. They also note that the fear of failure can be intimidating, especially for those who are starting a business for the first time and lack experience. The evolutionary tendency of humans to be on the lookout for danger exacerbates this and can discourage individuals from taking necessary risks to achieve success. However, they note that it is essential to fight this tendency to remain within the comfort zone and believe in oneself to find answers and overcome self-doubt.
00:10:00 In this section, the speakers discuss how self-doubt arises when we step outside of our comfort zones, which is a natural human evolutionary response. However, seeking validation from the wrong sources, such as anonymous internet forums, can fuel self-doubt and hinder our progress. It is important to be careful who we take advice from and to seek advice from those who are where we want to be. Overcoming self-doubt is a crucial step to success, and it is important to remember that it is not who we think we are that holds us back but who we think we are not.
00:15:00 In this section, the speakers discuss self-doubt and the impact it has on our mindset. They stress the importance of being mindful of the things we say to ourselves and the identity we create in our minds because self-talk can often dictate where we go in life. The root of self-doubt is negative self-talk, which can be damaging and hold us back. To overcome self-doubt, it's essential to condition our minds. Positive affirmations encourage positive self-talk and create new neural pathways, directing us to take actions based on the beliefs we have. In addition, visualisation is crucial to build confidence, helping us to visualise an event or experience and prepare for it mentally so that we're ready when it happens.
00:20:00 In this section, the speaker discusses three ways to overcome self-doubt in order to achieve success in business: visualisation, personal affirmations, and reframing limiting beliefs. Visualising the journey and the outcome, as athletes do before competing, can help create excitement and confidence in taking action. Personal affirmations and reframing limiting beliefs are methods for addressing negative thinking patterns that can lead to increased self-doubt. By focusing on strengths and potential and shifting the focus to the upside, individuals can build self-confidence and outwork their own self-doubt. By taking actions and reflecting on successes, individuals can build a stack of undeniable proof that gives them the confidence to continue striving toward their goals.
00:25:00 In this section, the speaker discusses various ways to boost confidence in starting a dropshipping business. These include conducting thorough market research, focusing on skill development, and starting with a low-cost business model. He emphasises the importance of acquiring knowledge and investing in education and training, which can enhance knowledge and expertise and provide tools to overcome challenges. Starting small can help build confidence and gain proof of concept before scaling up while keeping an eye on profitability. These steps can help boost confidence and, in turn, lead to success in dropshipping.
00:30:00 In this section, the hosts discuss the importance of starting with a low-risk business model when plagued with self-doubt, citing high ticket dropshipping as the perfect solution. They also highlight the benefits of joining a supportive community to overcome self-doubt, including attending industry conferences, networking events, workshops, and seminars. Finally, the hosts recommend finding an accountability partner or joining a mastermind group to share experiences and receive guidance and feedback, allowing for growth and support in the journey to overcome self-doubt.
00:35:00 In this section, the speaker gives advice on how to overcome self-doubt and achieve goals, including tracking progress and achievements, seeking support from mentors and joining communities, and taking the first step no matter how small it is. The speaker also encourages listeners to learn from other people who have achieved their goals and to seek guidance from experts in the field that they are going into. Additionally, the speaker answers a listener question about how long or how much budget to invest in a store before starting over and mentions that the answer may depend on the niche.
00:40:00 In this section, Lewis and James discuss the importance of niche validation in dropshipping. Lewis emphasises that it is crucial to assess the niche based on the criteria systematically so that you can end up with a niche you can be confident in from the start. He advises new dropshippers to have a friend or family member go through the experience on their device as if they are the target customer to see what they would search for and what pulls them towards purchasing from the competitors. Lewis strongly believes that you should never force unpopular products on a market by just running ads to them; the market dictates the success.
00:45:00 In this section, the hosts congratulate Mike on making a gross profit of £2,200 from a single order, applauding his hard work and dedication. They emphasise the potential for success in dropshipping and encourage listeners to share the episode with anyone who may need a push to start their own business. They also promote their mentorship program for those ready to take the next step towards financial independence. They end the podcast by thanking their listeners and promising to return with more valuable insights and tips on high-ticket dropshipping.
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