👉 Ready to start your own online store? Start here: https://dropshipunlocked.com/online-event?el=podcast-141-why-most-people-fail-at-dropshipping

🗣In this episode, Lewis Smith and James Eardley discuss the common reasons people fail at dropshipping and, more importantly, how you can avoid making those same mistakes. Whether you’re just getting started or you’ve hit a roadblock, this episode will help you set a solid foundation for long-term success.

👉 Prefer to watch this on YouTube? Check it out here ➡️https://youtu.be/Z1SyeGPI8Z4

Topics Discussed:
★ Treating Dropshipping as a Real Business: Why approaching it as a side hustle can lead to failure and how to avoid this mistake.
★ Avoiding the “Quick Win” Mentality: How expecting instant results can hold you back and how to focus on sustainable growth.
★ The Pitfall of Low-Ticket Products: Why selling low-ticket items often leads to burnout and the importance of selecting high-ticket products for better margins.
★ Skipping Critical Steps in the Setup Process: The importance of validating your niche, choosing the right suppliers, and building a strong brand.
★ Understanding Your Numbers: How mismanaging cash flow and failing to track key metrics can lead to poor decisions and lost profits.

Links and Resources Mentioned:
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:
★ Treat it Like a Real Business: The biggest mistake is treating dropshipping like a side hustle. To succeed, you must treat it like a real business, commit to learning, and put in the necessary effort.
★ Avoid the Quick Win Trap: Expecting fast results leads to frustration. Building a business takes time, consistency, and learning from setbacks.
★ Focus on High-Ticket Products: Low-ticket dropshipping can quickly lead to burnout due to low margins and high order volume. High-ticket products offer better profitability and reduce stress.
★ Don’t Rush the Setup: Take the time to properly validate your niche and choose reliable suppliers to avoid costly mistakes in the future.
★ Know Your Numbers: Understand your breakeven ROAS and track your ad spend and profit margins closely. Without this, scaling can lead to cash flow issues and mismanaged growth.

FOLLOW:
Instagram: https://www.instagram.com/dropshipunlocked/
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/

Thank you for listening to the Dropship Unlocked Podcast! Don't forget to subscribe and leave a review on your favourite podcast platform.

★★★Dropship Unlocked - Lewis Smith★★★
🌏Want to create location, time, and financial freedom? Watch Our Free Training ➽ https://dropshipunlocked.com/free?el=podcast-141-why-most-people-fail-at-

👉 Ready to start your own online store? Start here: https://dropshipunlocked.com/online-event?el=podcast-140-first-100k

🗣 In this episode, Lewis Smith and James Eardley dive into their personal journeys of how they made their first £100K with high-ticket dropshipping. Learn about the key steps, mistakes, and breakthroughs that helped them turn their side hustle into a successful online business.

👉 Prefer to watch this on YouTube? Check it out here ➡️ Watch now on YouTube

Topics Discussed:

• The Early Mistakes: Lewis shares how starting with low-ticket dropshipping taught him important lessons, including the challenges of low margins and long shipping times.
• The Turning Point: Discover the shift from low-ticket to high-ticket dropshipping, and why investing in a program and taking it seriously made all the difference.
• Tactical Steps to Success: From choosing the right niche, building a store, signing suppliers, and running ads, Lewis breaks down the steps they took to make their first £100K.
• The Importance of Investing in Yourself: Why committing to the right training and mentorship is crucial for avoiding common pitfalls and speeding up your progress.
• Key Lessons Learned: The importance of setting realistic goals, learning from failures, and building a business around high-margin products that offer value.

Links and Resources Mentioned:

• Get Shopify for £1 a month for 3 months: https://dropshipunlocked.com/shopify?el=podcast-140-first-100k
• Get a free trial with a professional phone line: https://dropshipunlocked.com/circle?el=podcast-140-first-100k
• Check out the Dropship Unlocked Accelerator: https://dropshipunlocked.com/accelerator?el=podcast-140-first-100k

Key Takeaways:

• Learn from Mistakes: Early mistakes in low-ticket dropshipping were invaluable lessons, but switching to high-ticket dropshipping made all the difference.
• Invest in Education: The right training, mentorship, and community support will save you time and money, helping you avoid common mistakes.
• Start with a Solid Foundation: Proper niche selection, working with reliable suppliers, and having a well-built store are essential to success.
• Growth Through Ads: Running the right ads to the right audience is crucial to getting those first sales and scaling your business.

FOLLOW:
Instagram: https://www.instagram.com/dropshipunlocked/
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/

Thank you for listening to the Dropship Unlocked Podcast! Don't forget to subscribe and leave a review on your favourite podcast platform.

★★★ Dropship Unlocked - Lewis Smith ★★★
🌏 Want to create location, time, and financial freedom? Watch Our Free Training ➽ https://dropshipunlocked.com/free?el=podcast-140-first-100k

👉 Ready to start your own online store? Start here: https://dropshipunlocked.com/online-event?el=podcast-139-from-0-to-100k

🗣 In this episode, Lewis Smith and James Eardley dive deep into the real stories of dropshipping success. We talk to members who’ve gone from £0 to £100K in just 6 months and the lessons they learned along the way. From mindset to taking consistent action, we unpack the strategies that made these entrepreneurs successful.

👉 Prefer to watch this on YouTube? Check it out here ➡️https://youtu.be/cGysihn9Ylw

Topics Discussed:
★ Real Success Stories: Hear from members like Neil, Adam, Mason, and Suraj who made it big in a short amount of time.
★ The Power of Consistency: Discover how showing up every day, even in the face of uncertainty, leads to massive breakthroughs.
★ Mindset and Commitment: Why having the right mindset and unwavering commitment is key to achieving success in dropshipping.
★ Overcoming Obstacles: Learn how our members overcame major hurdles, including payment processor issues and supplier challenges.
★ Learning From Mistakes: How learning from mistakes and taking action, even imperfectly, accelerated growth for these dropshipping businesses.
★ The Role of Mentorship and Community: Why being part of a supportive community with guidance can dramatically speed up your business growth.

Links and Resources Mentioned:
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:
★ Commitment Is Key: Successful dropshippers commit fully to the process, no matter how tough it gets.
★ Mindset Matters: It’s not just about the business model but about maintaining a positive, solution-focused mindset.
★ Embrace the Journey: Success doesn’t happen overnight, but showing up every day and making incremental progress leads to long-term success.
★ Overcome the Hurdles: Every business faces challenges, but success lies in how you deal with them and keep pushing forward.
★ The Power of Action: Consistent action, even if it’s imperfect, is one of the most important factors in scaling quickly.

FOLLOW:
Instagram: https://www.instagram.com/dropshipunlocked/
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/

Thank you for listening to the Dropship Unlocked Podcast! Don't forget to subscribe and leave a review on your favourite podcast platform.

★★★Dropship Unlocked - Lewis Smith★★★
🌏 Want to create location, time, and financial freedom? Watch Our Free Training ➽ https://dropshipunlocked.com/free?el=podcast-139-from-0-to-100k