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🗣In this episode, Lewis Smith and James Eardley tackle a pivotal question for aspiring e-commerce entrepreneurs—should you focus on low-ticket products priced at £1 or aim for high-ticket items worth £185,000?
This decision can significantly influence the trajectory of your business and overall success.
👉 Prefer to watch this on YouTube? Check it out here ➡️https://youtu.be/QYJKDiBqYEU
Topics Discussed:
★ Profit Margins: Discover how selling high-ticket items can yield higher profits per sale compared to low-ticket items, illustrated with relatable analogies.
★ Administrative Tasks: Explore the differences in administrative burdens when dealing with low-ticket versus high-ticket products and how fewer transactions can lead to smoother operations.
★ Common Misconceptions: Uncover the myths surrounding high-ticket dropshipping and why many people believe it’s harder to sell expensive products.
★ Building Trust: Learn practical steps to establish credibility with potential buyers and the importance of leveraging high-quality suppliers.
★ First Steps: Get actionable advice on what new entrepreneurs should do first when entering the high-ticket dropshipping space.
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:
★ Focus on Profit: Selling high-ticket products can lead to significantly higher profit margins and require fewer sales to achieve your financial goals.
★ Streamlined Operations: High-ticket dropshipping typically involves lower administrative tasks, making it easier to manage your business efficiently.
★ Trust is Key: Building credibility with your audience is crucial for selling high-ticket items, and leveraging testimonials can help solidify that trust.
FOLLOW:
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LinkedIn: https://uk.linkedin.com/company/dropship-unlocked
YouTube: https://www.youtube.com/c/dropshipunlockedlewissmith
Website: https://www.dropshipunlocked.com/
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★★★Dropship Unlocked - Lewis Smith★★★
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