Shopify may be used to manage a variety of e-commerce operations, including product sales, dropshipping, and more.
Shopify is a website builder for e-commerce that you may use to run an online business. It allows you to build a website, list your items, manage your inventory, accept credit and debit card payments, and even run a dropshipping operation.
However, selling things isn’t the only method to generate money using Shopify. You may put your Shopify knowledge to work by constructing websites for others or marketing the platform.
Here are ten methods to generate money on Shopify, as well as advice on how to maximise your company concept.
1. Create a Shopify store.
Shopify is basically a website builder. You can use it to easily set up an e-commerce website, upload an infinite number of items, host your website on Shopify, and process credit and debit card transactions for clients.
To utilise Shopify, you must spend at least $29 each month. The more expensive Shopify plans contain more capabilities, such as a POS terminal, more thorough sales statistics, and shipping rate estimates for consumers, but payment processing rates decrease with each tier.
Your Shopify business can sell almost anything, and we’ll go through some product and service options below. It’s worth noting that some of these e-commerce company ideas are made possible by Shopify apps, which are supplementary pieces of software that connect to Shopify and extend the platform’s capabilities. Apps may demand additional fees, so use free samples and check reviews in Shopify’s app store to ensure you’re selecting one with the capabilities you want.
2. Establish a dropshipping business.
Dropshipping is a type of online retailing in which you do not hold goods on hand. Instead, when a consumer buys anything, your company orders it from the manufacturer at that moment. Dropshipping can help your firm save money in the beginning by eliminating the requirement for warehouse space and inventory.
If you wish to dropship on Shopify, you may use a choice of third-party apps to connect with dropshipping providers. You may obtain items from such vendors, display them on your website, and then open your store.
3. Monetize your social media presence
Shopify Collabs, an influencer marketing programme, is presently under development. If you have a large social media following, you may be able to recommend your followers to things you like and earn a commission when they buy.
Influencers can apply for early access to Shopify Collabs as of this writing. Those who are approved into the programme may apply to work with certain businesses, receive free items, generate content, and earn money if one of their followers purchases one of the products.
4. Set up print-on-demand services.
Print on demand allows graphic designers to offer a variety of items with their designs printed on it, such as T-shirts, mugs, and throw pillows. When a client puts an order, a third-party vendor manufactures the item and sends it to the purchaser.
As with dropshipping, there are several Shopify applications that can help with print-on-demand services. Ordering sample items first allows you to compare quality across several sellers.
5. Market handcrafted items
Crafty entrepreneurs may use Shopify to sell handcrafted items on their own websites as well as other online platforms. Shopify supports social media sales, allowing you to promote your items on Facebook, Instagram, and TikTok. You may also combine Shopify with Etsy using a third-party software to target a creative audience.
6. Offer digital downloads and products.
E-books are no longer the only digital downloads available. You may offer sewing and embroidery patterns, spreadsheet templates, sheet music, and other items without having to deal with inventory, shipping, or supplier relationships. You may also take orders for bespoke logos, label designs, templates, and other digital items, depending on your skill set.
Several Shopify applications, including one built by Shopify, support digital downloads. If you’re offering a service, specify how much work you’ll perform for each price and what the consumer will receive after you’re finished in the product listing. To interact with consumers who have made purchases, Shopify suggests designing unique email templates.
7. Market thrifted or vintage goods
Reselling antique apparel or used products is both fashionable and environmentally friendly. You may utilise third-party applications to list items from your Shopify store on Depop, Poshmark, and eBay, which are major online secondhand clothing sales sites. Shopify also has direct integrations with Facebook and Instagram.
8. Assist other company owners in setting up online storefronts.
If you’ve honed your Shopify skills, other company owners may be ready to pay you for your time and knowledge in order to assist them in setting up their businesses. You may promote your Shopify developer skills on a freelancer-for-hire website or explore for partnerships with web development businesses.
You may also join up to become a Shopify Partner, which allows you to assist Shopify store owners in building, migrating, and troubleshooting their stores. You may charge clients a flat fee or a portion of their future sales while maintaining an ongoing connection in case they require future services.
Shopify Partners may also set up shop in Shopify’s Experts Marketplace, where merchants can employ them for a range of projects. Experts can charge a fixed rate for their services, but Shopify deducts 10%.
9. Create a Shopify app or theme.
Depending on the price plan you pick, you’ll keep at least 80% of sales income when you create an app and sell it in the Shopify App Store. With themes, you’ll keep all of your money until you make more than $1 million, and then you’ll keep 85% of your revenue after that.
However, creating an app or theme is not a sure thing. You will be responsible for all development expenditures, and your app may not be authorised for Shopify’s store. Even if it is, you may need to invest in marketing to make it stand out among rivals.
10. Become a Shopify Affiliate
You may apply to become a Shopify Affiliate if you are a content creator with an active website, a dedicated following, and e-commerce expertise. Affiliates earn $150 when a customer they referred purchases a full-priced Shopify plan.
How to Make Money on Shopify
Creating a Shopify shop is only the first step in launching an e-commerce venture. Make sure you take them as well.
Find your speciality.
As more individuals begin selling things and services online, it becomes increasingly crucial to distinguish your offers from the competition. What distinguishes your Shopify store from the rest? Market research should be conducted to identify your consumer base, learn what they want and where they purchase, and then supply it on those channels.
Clearly describe your products and services.
Giving clients as much information as possible about your items will assist protect them from being startled and, ideally, keep them from returning them. It is vital to include clear product pictures, dimensions, full descriptions of how things function, and explanations of specific features. If you have several colour and size options, make sure they are easily accessible on each product listing.
Provide excellent client service.
Buyers who receive excellent customer service are more likely to return. Make it simple for clients to contact you if they have problems throughout the purchasing process, and make sure they understand how to ask inquiries and make refunds and exchanges after the fact. Shopify’s shop management tools may assist you in providing customer service via Facebook Messenger and WhatsApp, tracking client shipments, and more.
Be responsive and adaptable.
Although you may expect your clients to want one thing, their behaviour may indicate otherwise. Use Shopify applications to produce sales and inventory reports, as well as to learn about audience behaviour. Then, be adaptable when it comes to making adjustments to your Shopify store, whether it’s in terms of what you offer, how you price it, or how you advertise it.
