Do Not Dropship These Products (Episode 95)
Description
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🗣In this episode, hosts Lewis Smith and James Eardley discuss the products you should absolutely avoid when dropshipping if you want to save time, money, and avoid headaches.
From low-ticket items to obsolete technologies and prohibited products, Lewis and James break down the risks and offer guidance on how to make smart, data-driven product choices.
👉 Prefer to watch this on Youtube? Check it out here ➡️ https://youtu.be/MURtdod8uW4
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Topics Discussed:
★ Avoiding Low-Ticket Items: Low profit margins requiring high sales volumes. High competition leading to price wars. Increased ad spend needed to drive volume.
★ Steering Clear of Obsolete Products: Lack of demand for outdated technology like CD players. Risks of holding unsellable inventory. Wasted marketing efforts on products no one wants.
★ Dangers of Selling Prohibited Items: Legal risks and potential fines. Account bans on platforms like Shopify. Damage to brand reputation and loss of customer trust.
★ Challenges of Sourcing from Overseas: Long shipping times leading to customer dissatisfaction. Inconsistent product quality and high return rates. Customs delays and additional costs impacting profitability.
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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:
★ Avoid Low-Ticket Items: Focus on higher-ticket products that offer better profit margins and reduce the need for high-volume sales.
★ Stay Updated on Market Demand: Avoid obsolete products with low demand, as they tie up resources and result in poor ROI.
★ Comply with Legal Regulations: Selling prohibited items can lead to severe legal and reputational consequences.
★ Prioritise Local Suppliers: To ensure quality control and faster shipping, source products locally rather than relying on overseas suppliers.
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★★★Dropship Unlocked - Lewis Smith★★★
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