👉 Ready to start your own online store? Start here:
https://dropshipunlocked.com/online-event?el=blog-138-finance-your-dropshipping-business

🗣 In this episode, Lewis Smith and James Eardley discuss how to finance your dropshipping business.
 

Starting a dropshipping business doesn’t need to be a financial burden. Whether you're just starting out or scaling up, understanding how to allocate your capital is key to getting the most from your investment. Lewis and James break down strategies for financing your business, from the minimal costs of starting, to how to maximise your return, whether you have a small or large budget.

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Links and Resources Mentioned:

• Watch us review a £100,000 store: https://youtu.be/mqQNhNJ29xA?si=c6mdfawkbgXmEBvq
  
  

• Pick up a copy of Lewis' book: https://dropshipunlocked.com/book
  
  

• Get Shopify for £1 a month for 3 months: https://dropshipunlocked.com/shopify
  
  

• Get a free trial with a professional phone line: https://dropshipunlocked.com/circle
  
  

Key Takeaways:
★ Start Smart with Low Overheads – Dropshipping is one of the most cost-effective e-commerce business models to start, with low monthly overheads and minimal upfront costs.
★ Maximize Your Budget – Whether you have a small or larger budget, there are strategies to make the most of your available funds. The key is to focus on high-return investments like ads, product uploads, and store builds.
★ Invest in Training to Avoid Mistakes – Don’t waste your money on trial and error. Investing in the right training and mentorship can fast-track your success and help you avoid costly mistakes.
★ Scaling with a Higher Budget – If you have more capital to invest, consider outsourcing tasks like product uploads or hiring a mentor to help you scale faster and more effectively.

Learn More:
➡️ When people are ready to create time and financial freedom for themselves, they visit - https://dropshipunlocked.com/free?el=blog-138-finance-your-dropshipping-business
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Topics Discussed:

• How Much to Invest to Start Your Dropshipping Business: Learn the minimal costs involved in starting your dropshipping journey and what to expect for initial capital investment.
  
  

• Maximizing Your Investment: Discover how to make the right investments in your business, whether through paid ads, outsourcing, or effective budgeting.
  
  

• Outsourcing for Faster Growth: Understand how hiring freelancers or using done-for-you services can speed up your business growth.
  
  

• Bootstrapping for Low-Budget Entrepreneurs: If you’re starting with a smaller budget, Lewis and James share strategies for maximizing your money through smarter spending and hard work.
  
  

• The Importance of Training and Mentorship: The value of investing in training and mentorship to avoid mistakes and scale your business faster.
  
  

FOLLOW:

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• Twitter: https://twitter.com/DropshipUnlockd
  
  

• LinkedIn: https://uk.linkedin.com/company/dropship-unlocked
  
  

• YouTube: https://www.youtube.com/c/dropshipunlockedlewissmith
  
  

• Website: https://www.dropshipunlocked.com/
  
  

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