Shopify is one of the most popular platform for ecommerce stores online. Although it’s not the only platform, we will discuss how it provides a decent service and how reliable it is. So here’s how to make money with Shopify Dropship Store in a simple way. In fact, you don’t need to work full-time. Many people have made decent amount of money working part-time as well. Let’s see how you can do it too.
- 1 What’s a Dropship Store and How to Set up A Dropship Store?
- 2 How To Make Money With Shopify Dropship Store?
- 3 How Does Shopify Store Work? How Much Money Can I Make?
- 4 How Can I Drive Targeted Visitors to My Shopify Store?
- 5 Free Organic Traffic From Google and Other Search Engines
- 6 Paid Advertisements Through Google Adwords or Facebook Marketing
- 7 Influential Marketing Through YouTube or Instagram
- 8 Wrap Up
What’s a Dropship Store and How to Set up A Dropship Store?
Amazon, Ebay and Flipkart are one of the best examples of an ecommerce store. They are simply a website platform for online shopping. People browse through the products listed on these sites and they make an order. The website owners or platform owners receive the payment. Here, it’s noteworthy that all the products listed on these websites are not owned by them. In fact, none of the products may be owned by them. They don’t have to. There are sellers who are the actual merchants selling their products through these websites. A dropship store is basically what they are.
Did you know that you could easily set up a dropship store online for a small investment? Well, let’s see how you can do it.
Let’s focus on setting up a dropship store and how to make money off it using the popular Shopify platform. You can sign up for a 14 day free trial shopify account where you can easily set up your own Dropship store.
Once signed up, login to your account and start working on your admin dashboard. Initially, you will have your store’s address as https://yourstorename.shopify.com. You will be able to use a custom domain on this store which we will describe later. Customize your store, add products and finally visit your store to check out it’s looks.
There are other settings such as payment processor settings you will need to complete in order to be able to receive payment and orders. That’s how to set up a Dropship store with Shopify.
How To Make Money With Shopify Dropship Store?
So we’ve finished signing up and customizing our newly set up Shopify store. Let’s learn how to start making money off it. Before we proceed, there’s a little setting you need to do. We did not mention this setting in the above steps. You newly set up store is password protected for public- meaning no one will be able to enter your shop without entering that password. In order to remove this password, you will need to select a plan and add your payment method. The cheapest plan is for $29 a month. Remember that no actual charge is applicable during your 14 day free trial period even if you add your credit card/paypal for your Shopify Plan Billing. Now that you have disabled your store’s password and set up payment method, you are ready to start receiving orders from customers through your Shopify Store.
How Does Shopify Store Work? How Much Money Can I Make?
Yes, these are the next interesting questions you will definitely ask yourself. Whenever people visited your store (website), they will browse through your listed products and once they purchase, you will receive their payment into your account. The next thing is for you to fulfill their orders. This means that you have to go to your wholesale supplier to purchase that ordered product for the customer who placed the order from your website. Enter his details so that the seller will ship the product directly to him.
From your customer’s point of view, it’s the simple process that he orders from your website just like you do from Amazon, Ebay or Flipkart. No complications involved. So how exactly did you make money in this scenario? Well, you buy a product say iPhone Case for $5 from a wholesale supplier, you list the same product for $15 on your website and the difference is what you will profit. that’s how you make money with Shopify Store.
The amount of money you can make will depend on the number of sales you make and the profit margin. All products may not have the same profit margin and all products will not share the same popularity. The basic idea is that if you could drive more targeted visitors to your website, you will make more money base on more number of orders. So the challenge lies in getting targeted visitors.
How Can I Drive Targeted Visitors to My Shopify Store?
A website without traffic is like a shop without customers. The same is true especially for ecommerce websites. If you don’t get any traffic, you will not get sales. And even traffic needs to be targeted for ecommerce websites more so than any other websites or blog. Here are some ways to get targeted traffic to your Shopify Store.
Free Organic Traffic From Google and Other Search Engines
This is the best method to get free and organic traffic to any website. You will need to do a good amount of SEO though. That’s the only challenge but mind you, it’s not easy and you will have to go through the learning curve and put in enough work to get it working. However, once this is working, it’s free and targeted – which is preferred by all webmasters.
Paid Advertisements Through Google Adwords or Facebook Marketing
This is a very good alternative and very much targeted traffic if you know what you are doing. As the name says, it is paid and you will have to shell out base on a cost per click (CPC) basis. If you set this up properly, this is a very effective method to drive traffic as it will filter out non targeted traffic and hence cutting down on your costs.
Influential Marketing Through YouTube or Instagram
Instagram finds its popularity lately and is one of the most effective influential tools available in today’s market. Pay a certain amount for a shout out to those in your niche with already good amount of following. Do also check that they are not botted but real human as well as active (read and more number of likes and comments). This is another way of getting ecommerce website traffic to help you make more sales thereby making you money. It’s more cost effective than Adwords and Facebook if promoted from the right account. In certain cases, you may be able to get your products featured for a percentage of profit on sales made. This can be achieved with proper communication with account holders and by means of unique coupons.
So now that you know how to make money with Shopify Dropship Store, it’s pretty easy once you set up one shop. People have succeeded in doing so for years. you will find that there are a number of such ecommerce drop shipping sites operative and available for sale out there. It’s a great part-time money making technique. These kind of businesses can be run in under 8 hours a week once set up. There are many tools and add-ons that can help you automate order fulfillment thereby reducing the time required for management even further.