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

🗣 In this episode, Lewis Smith and James Eardley dive into the crucial topic of financing your dropshipping business. Whether you have a large or small budget, understanding how to allocate your capital effectively can make all the difference in getting your business off the ground. Learn how to manage costs, prioritize investments, and scale your dropshipping business with smart financial strategies.

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

Topics Discussed:
★ Low-Cost Entry for Dropshipping: Learn how you can start a dropshipping business for as low as £50 per month with minimal overheads.
★ Maximizing Your Budget: Discover strategies for maximizing your available capital, whether you have a small or large budget.
★ Scaling with a Higher Budget: If you have a larger budget, Lewis and James share how you can speed up your journey by outsourcing tasks like product uploads, website design, and ads.
★ Investing in Training vs. Mistakes: Understand why investing in the right education can save you from costly mistakes and speed up your learning process.

Links and Resources Mentioned:

• Watch us review a £100,000 store: https://youtu.be/mqQNhNJ29xA
• 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 with Low Overheads: Dropshipping is an affordable business model to start, with initial costs as low as £50 per month. The key is to manage your costs carefully and make strategic investments.
★ Outsource Smartly: With a larger budget, outsourcing tasks like product uploads, ads, and store design can save you time and speed up your growth.
★ Bootstrapping Works Too: For a lower budget, focus on doing the work yourself, prioritizing high-return activities.
★ Invest in Training: Whether you have a small or large budget, investing in training and mentorship can accelerate your learning curve and help you avoid unnecessary mistakes.

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-138-finance-your-dropshipping-business

👉 Ready to start your own online store? Start here:
https://dropshipunlocked.com/online-event?el=podcast-137-role-playing-sign-uk-suppliers

🗣 In this episode, Lewis Smith and James Eardley walk you through a critical aspect of high-ticket dropshipping—signing UK suppliers. They role-play real-life scenarios to show you how to handle common supplier objections, offering actionable strategies to help you build successful partnerships with suppliers.

👉 Prefer to watch this on YouTube? Check it out here ➡️ https://youtu.be/wSnI6deWI3A

Topics Discussed:
★ Why Signing Suppliers is Key to Your Success: Lewis breaks down the importance of securing high-ticket UK suppliers, especially when aiming for a profitable and sustainable dropshipping business.
★ The Role-Playing Experience: Lewis and James role-play phone calls with suppliers, demonstrating how to navigate objections and secure partnerships.
★ Overcoming Supplier Objections: The episode highlights two common objections from suppliers and shows how to respond confidently and professionally to turn a “no” into a “yes.”
★ Setting Up for Success: Before contacting suppliers, ensure your business is properly set up, including having a professional website and business details in place to build credibility.

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:
★ Professionalism is Essential: Having a registered business, professional email, and well-set-up website will help you build trust with suppliers and make the process smoother.
★ Be Prepared to Handle Objections: When suppliers raise concerns about new businesses, be ready with clear, confident responses to show how your model minimizes their risks.
★ Long-Term Relationships Matter: Position yourself as a partner who is interested in a long-term, mutually beneficial relationship, not just a quick sale.
★ The Power of Role-Playing: Practice your supplier calls through role-play to increase your confidence and ability to respond to objections effectively.

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-137-role-playing-sign-uk-suppliers

👉 Ready to start your own online store? Start here: https://dropshipunlocked.com/online-event?el=podcast-136-insider-lessons-7m-sales

🗣 In this episode, Lewis Smith and James Eardley share the lessons they’ve learned on their journey to generating a combined £7M in dropshipping sales. Learn from their real-world experiences, including the ups, the downs, and the shortcuts they wish they knew when starting out.

👉 Prefer to watch this on YouTube? Check it out here ➡️https://youtu.be/G8ARWLkA0DU

Topics Discussed:
★ The Importance of Customer Experience: Learn why focusing on customer satisfaction and a seamless buying process is key to building a sustainable dropshipping business.
★ Why High-Ticket Dropshipping Works: Discover why selling high-ticket items leads to more sustainable profits and a simpler business model.
★ The Reality of Dropshipping: Get a behind-the-scenes look at the challenges, including dealing with returns, broken items, and the real cost of running a business.
★ The Role of Virtual Assistants: Understand why hiring a VA early on can significantly free up your time and help scale your business.
★ Going All-In: Lewis and James discuss the importance of commitment and the mindset shift needed to make dropshipping work for you long-term.
★ The Power of High-Ticket Sales: Hear firsthand stories of how high-ticket sales have changed their business dynamics, from profit margins to customer loyalty.

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:
★ Customer Experience is Key: Focus on delivering an outstanding customer experience, from fast delivery to excellent service, to ensure long-term success.
★ High-Ticket Items = High Rewards: High-ticket dropshipping lets you make more profit with fewer sales, which means less work and more financial freedom.
★ Sustainability Over Quick Wins: Building a sustainable business means making choices that ensure customer loyalty and profitable growth over time.
★ The Power of Virtual Assistants: Hiring a virtual assistant early on allows you to free up time and focus on growing your business, even while you're away.

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-136-insider-lessons-7m-sales