[R] 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 Mentioned⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.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 featured⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Join Our FREE Facebook Group⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow DropshipBreakthru on Facebook⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Subscribe to the Dropship Breakthru ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠YouTube Channel⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on Instagram⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Follow us on TikTok⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sponsors⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.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 Grasshopper⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠DropshipBreakthru.com/Rewind⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ — Automatically back up your Shopify store data⁠⁠⁠⁠⁠DropshipBreakthru.com/PrimedMind⁠⁠⁠⁠⁠⁠⁠ — Get coached by the #1 Mindset Coach in the world, Elliot RoeTimestampsThe 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.