How To Lose Money Dropshipping on Shopify (Episode 89)

08/26/24 • 34 min

💻Join My FREE Online-Event: The Best-Kept Secret To A Profitable Online Shop: https://dropshipunlocked.com/online-event?el=podcast-89-how-to-lose-money-dropshipping

🗣Hosts Lewis Smith and James Eardley discuss the common pitfalls that cause many to fail in the dropshipping business, and how to avoid these costly mistakes.

Understanding these errors can be a game-changer for those looking to succeed in ecommerce.

👉 Prefer to watch this on Youtube? Check it out here ➡️ https://youtu.be/SkG7g24c4C8

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Topics Discussed:

★ Traditional Dropshipping Model Pitfalls: Long shipping times leading to frustrated customers and high refund rates. Quality control issues resulting in negative reviews and returns.

★ Common Mistakes: Focusing on cheap products without considering long-term customer experience.

Poor customer communication and long wait times eroding trust. Lack of product differentiation makes it hard to stand out in the market.

★ Red Flags to Rethink Your Approach, for example low profit margins despite significant sales.

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Links and Resources Mentioned:

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:

★ Quality Over Quantity: Focus on high-quality, high-ticket items for better margins and customer satisfaction.

★ Strong Supplier Relationships: Reliable suppliers ensure consistent product quality and delivery.

★ Exceptional Customer Service: Outstanding service and communication build trust and encourage repeat business.

★ Continuous Improvement: Regularly update your product offerings and website based on customer feedback to stay relevant and attract more customers.

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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 subscribe and leave a review on your favourite podcast platform.

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★★★Dropship Unlocked - Lewis Smith★★★

🌏Watch Our Free Training ➽ https://www.dropshipunlocked.com/training?el=podcast-89-how-to-lose-money-dropshipping

08/26/24 • 34 min

The Dropship Unlocked Podcast - How To Lose Money Dropshipping on Shopify (Episode 89)

Transcript

00:00:00.000

That's a sure fire way to kind of run your business into the ground.

00:00:04.379

Another law of the universe is if you don't look after your customers, they're not going to be happy with you and won't buy again. But sometimes people forget and think they can pull the wool over their eyes. It's like this kind of get rich quick money making flash in the pan model that they can push and show to people that maybe aren't familiar with, like the reality

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