Top 5 Dropshipping Mistakes That Cost You Thousands (Episode 101)

Description

🗣Hosts Lewis Smith and James Eardley dive into the top five mistakes new dropshippers make—mistakes that can cost thousands and derail progress.

Lewis and James share actionable insights on how to avoid these pitfalls and ensure your dropshipping journey is set up for success.

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

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Topics Discussed:

★ Lack of Full Commitment: Treating dropshipping like a side gig instead of a real business limits growth.

★ Choosing Products Based on Emotion, Not Data: Emotions can cloud judgement—just because you like a product doesn’t mean customers do.

★ Focusing on Low-Ticket Items: Low-ticket items require high sales volumes for minimal profits.

★ Working with Poor-Quality Overseas Suppliers: Low-quality products lead to unhappy customers, high return rates, and reputational damage.

★ Trying to Do Everything Alone: Doing it all solo limits growth due to limited knowledge and experience.

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Links and Resources Mentioned:

Watch Lewis build a new dropshipping business from scratch: https://www.youtube.com/watch?v=kHo4XdRN3dc

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:

★ Commit Fully: Treat your dropshipping business like a full-time job to unlock its true potential.

★ Data-Driven Decisions: Let market research and data guide your product choices, not emotions.

★ High-Ticket Focus: Fewer, high-ticket sales lead to larger profits and less stress compared to low-ticket items.

★ Choose Quality Suppliers: Working with reliable local suppliers improves customer satisfaction and streamlines operations.

★ Don't Go It Alone: Seek support and guidance to fast-track your success and avoid common mistakes.

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