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Is Dropshipping Too Competitive? (Dropship Unlocked Podcast Episode 32)
Get your copy of Lewis’ new book - The Home-Turf Advantage ➡️ http://htabook.com?el=youtube
🗣 In this episode of the Dropship Unlocked Podcast, hosts Lewis Smith and James Eardley delve into a common concern for aspiring entrepreneurs: Is dropshipping too competitive?
They explore the current state of dropshipping, competition, and how newcomers can thrive in this dynamic landscape.
Know someone who would love this episode? Share here ➡️ https://youtu.be/NwGOP2WzDJ4?si=jI_e2DZcNDQtodjb
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Topics Discussed:
★ Saturated Market Misconception: While more entrepreneurs are entering the dropshipping arena, the e-commerce market itself has expanded significantly. The pie is bigger than ever, with ample room for new players to find their niche and succeed.
★ Competition as a Sign of Thriving: The presence of competitors shouldn't discourage you. It's a sign of a thriving market. Like a bustling food market with various vendors, different dropshipping businesses offer unique value propositions.
★ Learning from Competitors: Observing competitors can be educational. It provides insights into what works and what doesn't in your niche. Use this knowledge to refine your own strategy.
★ Identifying Opportunities: Leveraging data analytics helps identify emerging trends and niches. Data-driven decisions ensure you enter markets with clear demand and growth potential.
★ Maximising Opportunities: To make the most of opportunities, work with high-quality UK suppliers to ensure faster deliveries and build customer trust. Utilise tools like Performance Max Google Ads and regularly optimise your product offerings and marketing strategies.
★ Making Competition Irrelevant: By understanding what makes your business unique and focusing on exceptional customer service, you can make competition irrelevant. Customers who resonate with your brand are less likely to seek alternatives.
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Links and Resources Mentioned:
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:
★ The dropshipping market is not saturated but expanding, offering vast opportunities for newcomers.
★ Competition is a sign of a thriving market; it's possible to differentiate your business.
★ Learning from competitors and leveraging data analytics are essential for success.
★ Focus on what makes your business unique to make competition irrelevant.
★ Continuous learning and networking with other entrepreneurs are crucial for thriving in the dynamic e-commerce landscape.
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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 comment, subscribe and leave a like on Youtube for this video. It shows us whether you like this type of content.
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🌏Want to create location, time and financial freedom? Watch Our Free Training ➽ https://www.dropshipunlocked.com/training?el=youtube
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★★★Dropship Unlocked - Lewis Smith★★★
How to Launch a UK Dropshipping Business Offering Next-Day Delivery...
...Even If You Don't Yet Know Which Products To Sell
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Join Lewis Smith, Founder of Dropship Unlocked as you build and launch your high-ticket dropshipping business.
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