299. Is Dropshipping Too Competitive In 2024?

In this episode we discuss common misconceptions about the competitive nature of dropshipping. Every year people say "Dropshipping is too competitive in xxxx". Is this true? The answer is NO and here's why! Links ⁠⁠⁠⁠⁠https://dropshipbreakthru.com/go⁠⁠⁠⁠⁠ - Access our free dropshipping training that will take you through the first steps you need to take to start a life-changing ecommerce business. ⁠⁠⁠⁠https://dropshipbreakthru.com/shopify⁠⁠⁠⁠ - Get a $1 trial on Shopify and start having a play around. The best way to learn is by doing. Get familiar with the platform by being inside of it. Sponsors ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Clearsale⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  — Add this app to your business and never worry about fraud  chargebacks again. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Shopify⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — The only Ecommerce platform we recommend. ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Grasshopper⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Get an 800 number for your business from Grasshopper ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Rewind⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠— Automatically back up your Shopify store data ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/PrimedMind⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Get coached by the #1 Mindset Coach in the world, Elliot Roe Bullet Points - Competitiveness of dropshipping - Importance of finding unique niches - Misconception about dropshipping being too competitive - Opportunities in high ticket dropshipping - Addressing concerns about competition from big box stores and online retailers - Mention of the Dropship Breakthrough program - Challenge to help individuals find a non-competitive niche - Providing insights and reassurance for those considering dropshipping - Emphasizing the availability of opportunities within the industry Timestamps Is dropshipping too competitive in 2024? (00:00:00) Discussion on the misconception of dropshipping being too competitive and the importance of finding unique niches. Challenges in niche selection (00:00:53) Exploration of common initial ideas and the need to go beyond the first layer of ideas to find untapped opportunities. Fear of getting started (00:02:54) Addressing the fear of failure and success as barriers to starting a dropshipping business. Market verification and competition (00:04:44) Insights into market verification and the perception of competition in the dropshipping industry. The impact of competition on high ticket dropshipping (00:05:54) Discussion on the impact of competition in high ticket dropshipping and the opportunities available. Differentiation and customer service (00:07:42) Emphasizing the need for differentiation and customer service in the face of competition. The unique position of high ticket products (00:09:30) Exploration of the unique customer needs and communication in high ticket product sales. Competition from big box stores and Amazon (00:10:30) Analysis of competition from big box stores and Amazon, and the advantages of high ticket dropshipping. Supplier restrictions and competition (00:15:15) Insights into supplier restrictions and the perceived concerns about competition. The challenge to find a niche (00:16:15) Offering a guarantee to help find a niche that is not too competitive and promoting a challenge to find untapped opportunities.