🗣 In this episode of the Dropship Unlocked Podcast, join hosts Lewis Smith and James Eardley as they delve into the intriguing topic of "Why Are Countless Tradesmen Choosing Dropshipping?"
Discover the reasons behind this growing trend and explore how dropshipping offers an enticing opportunity for tradesmen to venture into the world of e-commerce. Also, listen to an interview with Dropship Unlocked member Iain Lyons who is leaving behind his trades background to run his new ecommerce business full time.
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★ Tradespeople are increasingly exploring e-commerce as a viable career option due to the physical toll of their current jobs and the allure of online opportunities.
★ Dropshipping offers attractive benefits, including low upfront investment, no inventory management, and location flexibility, making it a popular choice for tradesmen.
★ Success stories of tradesmen who have thrived in dropshipping highlight the transformative power of embracing the digital world.
★ Transitioning to dropshipping may present challenges, but transferable skills and a willingness to learn can lead to success.
★ No prior experience in dropshipping is necessary, as tradespeople can leverage their work ethic and learn as they go.
★ Educating oneself and seeking support from communities like Dropship Unlocked are essential steps for tradesmen pursuing dropshipping.
★ Taking the first step is crucial in unlocking the potential for a more fulfilling and rewarding future through dropshipping.
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In this podcast, the hosts discuss the reasons why tradesmen are choosing to transition from physically demanding jobs to dropshipping. They highlight the physical toll, financial challenges, and lack of control over time and location that come with traditional trades. Dropshipping offers an alternative by allowing individuals to use their mental labor to earn an income remotely and without the physical strain. It provides flexibility, autonomy, and the potential for significant financial wealth. The hosts also share success stories of tradesmen who have found success in dropshipping and encourage others to consider it as a way to escape physically demanding jobs and achieve financial freedom.
00:00:00 In this section of the podcast, the hosts discuss why many tradesmen are choosing to transition from physical labour to dropshipping. They mention that while tradespeople are vital for society, there may come a point where these individuals seek more autonomy and control over their time and finances. Dropshipping offers a viable alternative by tying income to business profits and removing the earning cap associated with trading time for money. The hosts highlight the transferable mindset and can-do attitude of tradespeople, making them well-suited for the dropshipping industry. Overall, dropshipping provides an opportunity for tradesmen to divert their energy from physical labour to mental labour, allowing them to earn an income remotely, potentially from anywhere in the world.
00:05:00 In this section, the speaker discusses why countless tradesmen are choosing dropshipping as an alternative income source. They highlight the physical toll that tradespeople experience over time, including repetitive strain and common complaints about back, knee, and arm pain. Additionally, they mention the challenges of working in unpredictable weather conditions and the economic uncertainties of the industry. With the rise of the internet and the digital age, people are realising the opportunities that open up online, providing flexibility, autonomy, and control over their time and location. They explain that dropshipping offers not only a job replacement but also the potential for significant financial wealth and the ability to change the course of one's life and family's life. By tying income to the profits of a business, there is no cap on earning potential, as long as one continues to improve the business and add value to the marketplace. The speaker concludes by stating that dropshipping offers an alternative for tradespeople who need an out or an exit plan due to physical limitations or other circumstances.
00:10:00 In this section, the speaker discusses why people are specifically choosing dropshipping as a business model. One reason is that dropshipping allows individuals to build an online business that can continue to operate even if they are unable to work due to illness or injury. This provides a sense of security and ensures that income doesn't dry up during such periods. Additionally, dropshipping offers the opportunity to create a legacy plan and set up automations to continue the business in case of unforeseen circumstances. The physical toll and risks associated with manual labor jobs also drive individuals to seek an alternative like dropshipping, which allows them to work from the comfort of their homes and have more flexibility in their schedules.
00:15:00 In this section, the speaker discusses the appeal of dropshipping for tradespeople who are looking to transition from physically demanding jobs. They highlight that dropshipping allows individuals to use their mental labor instead of physical labor to earn an income. With dropshipping, people can create a sustainable brand and sell tangible physical products online without the need for huge investments or holding inventory. The speaker also mentions that tradespeople can leverage their people skills in dropshipping, such as calling suppliers and explaining why they should work with them. They provide an example of a tradesperson, Ian Lyons, who successfully transitioned from a physically demanding job in roofing to an online dropshipping business due to the physical toll and stress of his previous job.
00:20:00 In this section, the speaker shares a testimonial from Ian, a tradesman who was close to giving up on running his own business and going back to being a roofer. However, he stumbled upon an ad for Dropship Unlocked and decided to give it a try. Ian joined the program, immersed himself in the community, and is now making progress towards his goal of leaving his physically demanding job and pursuing e-commerce full time. When asked why more tradespeople are turning to e-commerce, Ian explains that the construction industry is financially challenging and time-consuming, and he wants more freedom and flexibility. He discovered Dropshipping through online research and found the introductory video from Dropship Unlocked to be inspiring and different from the other options he had come across. Overall, Ian's journey highlights how dropshipping can provide a viable alternative for tradespeople looking for a change.
00:25:00 In this section, the speaker discusses why they chose to go with the Dropship Unlocked mentorship program instead of other cheaper courses. They explain that the program offers a supportive community and valuable resources that have helped them learn and grow. They emphasise that the investment in the program is not just about the course itself, but also the powerful Facebook community that comes with it.
00:30:00 In this section of the video, the guest speaker discusses the process of signing up suppliers for their dropshipping business. They emphasise the importance of building long-term brand relationships with UK suppliers who can offer next-day delivery to customers. The speaker shares that they have successfully signed seven suppliers so far, with more in the pipeline. They also talk about their excitement of making their first sale after launching their Google ads, and how it feels to make money online without trading time or manual labor. The speaker encourages others who are unsure about investing in themselves and joining a mentorship program to go for it, as they have personally experienced the success that comes with it. Overall, their story serves as an inspiration for others considering dropshipping as a business venture.
00:35:00 In this section, the hosts discuss some success stories of tradesmen who have transitioned into dropshipping. They mention Ian, who made his first high ticket sale just five days after running ads, and Slavcho, a painter and decorator who struggled to make the transition but eventually achieved £11,000 in revenue since starting. They emphasise the giving back mentality of these individuals, as Slavcho offered to paint a member's house for free, highlighting the kind of people they look for in the Dropship Unlocked community. They also mention other tradesmen like Constantine, a scaffolder, and Ravjeet, an electrician, who have found success in their dropshipping businesses. The hosts encourage listeners who are tradesmen to consider dropshipping as a way to escape physically demanding jobs and achieve financial freedom.
00:40:00 In this section, the hosts discuss the challenges and mindset blocks that tradespeople may face when transitioning to running a dropshipping business. They emphasise that while it may be daunting to enter the digital world without prior experience, it is important to remember that many successful dropshippers started from scratch and learned along the way. The key is to be committed, willing to put in the time and effort to learn the necessary skills, and overcome any uncertainties. They also highlight the potential risks of staying in a job where income is dependent on trading time for money and argue that building a dropshipping business can provide a more sustainable and independent income source. The hosts stress that it is not necessary to quit a job immediately to start a dropshipping business, as it can be built on the side until it becomes a sufficient income stream. They also mention that the skills and traits developed as a tradesperson, such as self-discipline, work ethic, customer interaction, and supplier communication, can be transferable and beneficial in the dropshipping world. Overall, the hosts encourage individuals to be open-minded, willing to learn, and consistently work towards building a successful dropshipping business.
00:45:00 In this section, the speaker emphasises that prior experience is not necessary to get started in dropshipping. They outline the key qualities needed, such as a transferable work ethic and a problem-solving background. They highlight the importance of having a can-do attitude and being willing to learn as you go. The speaker also mentions that patience and persistence are crucial, as there may be a learning curve and challenges along the way. They encourage potential tradespeople interested in dropshipping to educate themselves about the model and consider resources like the podcast or their book. They emphasise the importance of taking action and not waiting to start, as the opportunity may pass if one continues to procrastinate.
00:50:00 In this section, the podcast hosts discuss a question from a listener about cash flow management in dropshipping. They emphasise the importance of tracking expenses, both fixed and variable, such as advertising costs, web hosting, and the cost of goods. They also mention the need to determine a target return on ad spend to ensure profitability and suggest using a profit tracker tool provided in their program. Additionally, they mention the importance of setting aside funds for taxes, particularly VAT and corporation tax. Overall, they highlight the need for careful financial management and provide some tips and tools to help with it.
00:55:00 In this section, the host discusses the importance of managing cash flow and being mindful of potential tax liabilities when running a dropshipping business. He advises against spending all the profit without setting aside money for taxes, as sudden tax bills can catch people off guard. He also mentions the concept of payment on account, where HMRC asks entrepreneurs to pay 50% of the next year's predicted tax bill. The host emphasises the importance of having a proven step-by-step roadmap to avoid potential pitfalls. Additionally, he suggests the possibility of doing a full episode dedicated to the topic of cash flow and the financial aspect of running a dropshipping business.
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