343. 2 Things We've Changed Our Minds On Pt2

In this episode of The Dropship Podcast we're discussing 2 things that we changed our minds on from when we started dropshipping to now - 10 years down the track. We're talking about dropshipping businesses being "parasite" businesses and sharing your niche with others. Links Mentioned ⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/5⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Wondering what products you'll sell? Take our 5 day challenge and find the market you're going to serve ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/join⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠  — Join the course and start your journey today! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Call⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Thinking about joining the course? Book a no obligation call with Jon and he'll walk you through it! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/message⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Want your question answered on the show?  Leave us a voicemail for your chance to be featured ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join Our FREE Facebook Group⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow DropshipBreakthru on Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Subscribe to the Dropship Breakthru ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube Channel⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on TikTok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ 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 Timestamps The Value of Business (00:00:00)Jon emphasizes that businesses need to provide value to attract customers. Introduction to the Podcast (00:00:21)Ben introduces the Dropship Podcast and mentions discussing changed perspectives. Dropshipping as a Parasite (00:00:55)Ben reflects on the misconception that dropshipping lacks value and is merely parasitic. Legitimacy of Online Retail (00:01:40)Jon argues that dropshipping is akin to traditional retail, providing legitimate value. Understanding Business Value (00:02:57)Jon explains that all businesses, including dropshipping, are valid if they meet customer needs. Recognizing Business Achievement (00:06:32)Ben highlights the rarity of reaching high sales figures and the success of their community member. E-commerce as a Service (00:07:37)Ben compares dropshipping to local businesses providing valuable customer service. Realizing Customer Impact (00:09:06)Ben shares how understanding customer needs shifted his perspective on dropshipping. Value in Problem-Solving (00:10:13)Jon reinforces that businesses exist to solve problems, thus providing value. Creating Additional Value (00:12:06)Jon encourages dropshippers to innovate and create their own products to add value. Retailers and Product Lines (00:12:23)Ben discusses how big retailers often have their own product lines and the potential for dropshippers. Changing Mindsets on Sharing Niches (00:12:51)Ben reflects on the shift from secrecy to openness about niche markets in the community. Concerns About Competition (00:13:51)Jon talks about the fear of competition and the reality of business ideas being common. The Importance of Unique Execution (00:16:24)Ben shares his experience with competition, emphasizing that execution matters more than the product. Promoting Your Business (00:17:36)Ben encourages entrepreneurs to actively promote their businesses and build their brand presence. Overcoming Initial Fears (00:18:19)Jon discusses how early fears of competition can diminish as businesses grow and establish themselves.