How We Built 7-Figure E-Commerce Businesses with Low Costs (Episode 113)

12/23/24 • 35 min

💻 Join My FREE Online-Event: The Best-Kept Secret To A Profitable Online Shop: https://dropshipunlocked.com/online-event?el=podcast-113-7-figure-businesses

🗣In this episode, Lewis Smith and James Eardley share how they built 7-figure e-commerce businesses with minimal overhead costs.

We break down how starting lean can lead to faster profitability and offer practical tips for anyone looking to start their own successful online business without massive upfront investments.

👉 Prefer to watch this on YouTube? Check it out here ➡️https://youtu.be/5YC24uW41Fk

Topics Discussed:

★ The Start-Up Process for Low-Cost E-Commerce: How to register your business and set up with minimal costs.
★ Choosing a Profitable Niche Without Expensive Market Research: How to use free methods to validate niches.
★ Building a Website on a Budget: Using Shopify’s basic plan for a professional-looking site at a low cost.
★ Managing Business Operations with Lean Costs: How to keep overheads low while setting up systems to automate and streamline operations.
★ Why E-Commerce Requires Less Cash than Traditional Retail: The flexibility of no physical inventory or warehousing.

Links and Resources Mentioned:

Get Shopify for £1 a month for 3 months: https://dropshipunlocked.com/shopify
Tide for business registration and bank account setup: https://dropshipunlocked.com/company
Get a free trial with a professional phone line: https://dropshipunlocked.com/circle

Key Takeaways:

★ Start Lean: You don’t need to go into debt or invest large sums of money to start a profitable business. With the right systems, you can get to profitability quickly.
★ E-Commerce is Cost-Efficient: Dropshipping and the lean business model help keep your costs low.
★ Focus on Essentials: Avoid getting distracted by unnecessary tools or investments. Test, iterate, and focus on scaling gradually.
★ Real-Life Success Stories: Hear about how Mason, Jarred, Suraj, and Neil have scaled their businesses.

Learn More:

➡️ When you're ready to start your own e-commerce business with low costs, head to https://dropshipunlocked.com/start for a clear path forward.

➡️ Subscribe to The Dropship Unlocked Podcast to stay up-to-date on the latest episodes, and leave a like to help others discover the show.

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Website: https://www.dropshipunlocked.com/

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12/23/24 • 35 min

The Dropship Unlocked Podcast - How We Built 7-Figure E-Commerce Businesses with Low Costs (Episode 113)

Transcript

00:00:00.000

I found that the key to making money quickly was to really keep overhead costs incredibly low.

00:00:06.419

If you want to build a seven figure e commerce business, you just need to keep the cost down to an absolute minimum.

00:00:13.500

There's no way I could have scaled so quickly if I was dragged down by ongoing fees.

00:00:19.739

There's not many business models out there that allow you to generate a million

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