Things to know before setting up business to make money with Shopify

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make money with Shopify
(image courtesy Google Images)

Hey! Have you ever dreamed of doing your own business? Thought of selling your product on the online marketplace but, worried about all the principles of e-commerce. Well! The days of worriedness are over. Shopify is the right place for you. You can easily make money with Shopify.

Before going into the depth, first of all, let’s know what Shopify is?

What is Shopify?

make money with Shopify
(image courtesy Google Images)

Shopify is a Canadian E-commerce company. They develop software for retail point of sale (POS) systems and online stores. It was founded in the year 2004.

Shopify is a total online business solution. It provides all the solutions require for starting an online store. They provide services like hosting, domain, design, payment gateways, CMC (computer-mediated communication) and much more.

Its professional e-commerce platform is good for new players in the field of online business.

If you have a creative idea, then Shopify provides you a great marketplace with minimal investment, and you can easily make money with Shopify.

It provides an option to choose from 100 professionally designed theme present in its Theme Store.

Moreover, many famous companies use Shopify such as General Electric, Pixar, Wikipedia and much more.

A platform with so many features but is it free??

Well, these many features do not come for free. Shopify charges for it but, however, the costs are minimal.

Its expense is very minimal as compared to the expenditures of an e-commerce site.

Moreover, if you want to sell a product on e-bay or Amazon, then they charge 10% of the sales made. But the charges are very less in Shopify.

You can easily make money with Shopify.

What is the cost of selling on Shopify?

The cost of selling on Shopify is very less. They charge 1.5% of the sales.

If you are not confident about the package then, Shopify provides a good option for newbies. As a newbie, you can sign up for a 14-day trial pack. They won’t charge anything. If you like the system, then you can continue by choosing a premium option. If you don’t like the system, then you can discontinue Shopify.

There is a premium option available in which you just require to pay $40/month. You don’t need paying anything on behalf of your sale.

One more option available Shopify. In this option, you have to pay $13/month and 1.5% of your sales.

The idea behind make money with Shopify

The idea which I want to discuss here is nothing other than drop shipping.

If you don’t have the concept about drop shipping, then let’s be clear about it first.

It is selling a product to customers without having actual stock. The goods are directly shipped to the customer from the manufacturer/reseller.

So overall, I mean to say that you can make money with Shopify either by selling your product or by applying the drop shipping strategy.

See also- Twelve Questions to Ask at E-commerce Drop Shipping Business Opportunities 2017.

Proper implementation of the idea to make money with Shopify

You can start by drop shipping Chinese items. Most of the Chinese items are available at cheap rate.

You can get details of Chinese products on sites like Everbuying. From there you need to download details and description of the Chinese goods.

Let us suppose an item cost 3$ in Everbuying. You can sell the product at 5$ in Shopify. So overall profit you can get is 1.5$.

You just need to take the address of the buyer. Go and buy the item from Everbuying. After that, you send the item to the Shopify customers’ address. This is drop shipping.

It was just an example of how can you make money with Shopify.

How to start selling on Shopify store to earn money with Shopify?

Select a niche product

This topic is very broad in nature. People buy wide varieties of the product such as keychains, gifts, accessories related to Cameras, phones, TVs, toys and much more household products. But people prefer those products which have a significant discount or something that doesn’t affect too much on their savings.

Set up a Shopify store

First, sign up on Shopify.

You will find yourself on their well-designed home page and select free trial button.

Provide your details. You will get a confirmation e-mail.

You can start by logging in your user details.

After that, create an online store and start adding your product.

You can improve the looks of your website by selecting the previously provided theme and set up a custom domain.

The steps mentioned above hardly take 10 minutes.

The final step consists of choosing among the categories of product you want to sell and setting up a brand logo.

Setting up a brand logo

It is a very powerful feature of online business. A good logo gives your buyer good impression. You can design a logo by Adobe Photoshop or by using tools of canva.com.

How to increase traffic on your site to make money with Shopify?

make money with Shopify
(image courtesy Google images)

Whenever you create a product in your Shopify store, try to provide a discount. Suppose you selected a product with a price of 5$ in stores like Everbuying, Aliexpress, Flipkart or Amazon, then you should provide the price as 10$ in your Shopify store along with some discount or offer some discount coupon.

And post the product details and discount coupon on your Facebook page. You can advertise those discount coupon codes on social media platforms like Facebook, Twitter, and Google+.

You can also try creating your Facebook store and try selling your products there.

Moreover, you should create your Facebook page to start generating traffic to your Shopify store and start to make money with Shopify.

Then try to launch ads and provide links to the cheapest products on your store. These are some great strategies to lure customers.

It is always wise to target female audience. It will provide a good result.

There are audience insight tool and retargeting features available on Facebook. Try to use these resources properly to drive traffic to your store, and you can easily make money with Shopify.

The bottom line

So overall I would like to say that if someone follows these following steps, then he/she can get success.

Step-1

Accurately analyze the products which you want to sell

Step-2

Do not overthink about it; try to start as soon as possible.

Step-3

Take a trial

Step-4

Try to work upon the feedbacks provided by your customers

Step-5

Don’t worry about e-commerce as Shopify offers every feature.

Step-6

Don’t go for many categories. Start selling with limited types.

Step-7

Never neglect Social media

Step-8

Try to make the marketing fun. It should not be boring. Try to make beautiful videos, images of your product and start branding it on social media.

Step-9

Be prepared for a change in strategies. If your demand overflows your supplies, then it is the call for a change. Or if a current marketing strategy is not right, then try to apply something good. You should be adaptable to changes.

Let me know what your opinion about the article is. Please comment and share the ideas with your friends.

11 COMMENTS

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