Shopify dropshipping stores can make anywhere from $100 a month to $100,000 or more, but a realistic number is $1,000 to $2,000 per month, which is not too shabby, if you ask us.
Making money is possible, but it takes time, and helps if you partner with a supplier to earn you money. You will need to set up a Shopify store. While it’s possible to make $100,000 a month with Shopify dropshipping, it’s more realistic to make $1000 to $2000 a month.
Below, we are going to take a look at how you can make money with Shopify dropshipping. So, if you would like to expand your income, just keep reading to get the information you need to be successful!
Does Shopify Dropshipping Make Money?
There’s no doubt that you want to know whether you’ll be able to earn $10,000, $50,000, or more per month. If you can, start a course to make things a little easier. You can earn that kind of money, but not until you have made at least $1000 – $2,000 each month.
The Shopify platform is scalable. To increase your earnings, you can add more stores (in new niches) after you have gained experience. However, being a successful Shopify seller requires patience and determination. You need to start earning small amounts first to build up to the bigger bucks!
Shopify Dropshipping: The Basics to Know
Dropshipping via Shopify is obviously a lot of work. As you probably already know, several courses have been devoted to this topic. So let’s start with the basics.
Identify Which Niche Interests You
Dropshipping on Shopify begins with choosing a niche. You can think of a niche as a target market that you want to sell to. It’s easier to sell something you understand and know if you consider what interests you. Breaking through the online noise and competing will be easier when you narrow your niche.
Tools such as Google Trends, Google Keyword Planner, and Facebook Audience will give you the insight to find a profitable niche.
Set Up Your Shopify Store
For Shopify dropshipping to become a reality, a Shopify account is required. The current Shopify free trial lasts 14 days; after that, it’s $29 per month. Your store can be set up once you have created your account. After choosing a name for your store, you’ll need to add your logo (you probably thought about it when selecting your niche).
Your store name will be used as your web address, so selecting something appropriate is crucial. However, a custom domain can be purchased later on.
Become a Supplier Partner
You can use wholesalers like Aliexpress or private label suppliers for low-ticket dropshipping. To dropship high-ticket goods, you will likely work with a brand or distributor that already sells costly items. Keeping these products in stock is more difficult than dropshipping them.
Create Your Store And Add Your Products And Images
Once you have created a store, you must add the products and images. It might not seem important, but getting professional pictures for your products can make a big difference.
Promote Your Business
Without a large online following on social media or YouTube, your content will need to be promoted. Any social media platform, such as Google, Bing, and YouTube, will do.
A keyword or phrase that converts interest into a buyer should be identified first. In this case, once you have identified those terms (by conducting testing and research), you can target those terms specifically. The result will be a reduction in your advertising costs by conducting more testing.
If your campaign is profitable, you can scale and make more sales by using more ads and increasing your budget gradually.
Order And Purchase Products For Customers
In contrast to most eCommerce businesses, drop shipping takes orders from customers after buying the products. Since you get paid before you purchase, it appeals to new entrepreneurs, which is what you want. The more interest, the better.
It costs relatively little to dropship; it is not entirely cheap because expenses are incurred, but they are quite small.
The process is simple and is as follows:
- Your ad is clicked and someone makes a purchase.
- As soon as the purchase is made, you get notified and receive the payment from the customer.
- Afterward, you pay a wholesaler or dealer a discount for the product.
- The wholesaler or dealer ships the product to your customer.
You must follow a few rules if you become a successful Shopify store owner and earn money. As a result of these rules, we are confident your business will grow.
Engaging Niche
Make sure your niche is based on emotionally engaging things. It would be best if you did this for the success of your business. Your product or service will be more valuable this way. Pet and children’s items are popular. Sell something unique you can try items like bath bombs. If you offer phones, watches, and clothes, it is almost impossible to outcompete your competition in the dropshipping business. Look for products that aren’t widely used.
Know What You’re Selling
Any business must have this. Understanding your customers’ mindset is easier when you sell products you are passionate about. You can make sales more quickly if you know what to say and show.
A dropshipping store’s success is heavily dependent on marketing. Since there are hundreds of similar stores like you, you must have a good marketing strategy. As a result, your brand will also grow.
Conclusion
So, as you can see from the above information, you can make quite a bit of money dropshipping with a Shopify store. In addition, it’s a business with a low risk. Spending money on investing in the products is low since you don’t stock them yourself.
There are also low risks involved. Your money will be guaranteed to be returned if you have at least basic marketing knowledge.
We hope that the information above will help guide you in your own venture down the Shopify dropshipping path. Good luck – we hope it will be a successful and fruitful experience.
