MAKE MONEY ON SHOPIFY
Shopify is a subscription-based software that allows you to set up an online store and sell products online. It is commerce platform that offers a way to quickly launch your dream business and start selling to your customers, wherever they are. And if you want to customize your store or even build it from the ground up, the Shopify App Store will make that easy to do.
As a beginner Dropshipping business model is the best option. What is Dropshipping? Dropshipping is a business model with a lower-risk approach for independent businesses to test out new product ideas (and product lines) without having to own and pay for the product up front. Your costs will be Shopify monthly plan which is 29USD/month. Shopify is FREE for the first 14 days and you can get a domain name for less than 20 USD from Shopify, Google or Godaddy.
- You don’t take any inventory risks.
- You can build a branded store.
- You can test out your products .
Once you set up your Dropshipping shopify store and get customers, suppliers will ship the items for you with their own logo, which they will do it professionally with good packaging. When you actually get a paying customer on your shopify store, then you will make the payment for your supplier. Risk FREE!
For example, If you charge 50USD on your store, you pay your supplier 20USD, which makes you a profit of 30USD. And if you spent some money on advertising you will get a decent net profit.
How much start up money do you need?
About 100USD can be enough, since you don’t need to pay your supplier upfront, you only pay when order is made on your store. You can find Dropshipping suppliers on Aliexpress, you might ask why customers themselves cant go and buy directly from these suppliers? Well, if you give these products a brand of your own customers will choose to buy them from brand store, because customers need quality and quality only comes with a brand.
How can you choose the perfect product?
You target market should be on a passionate niche where there are dedicated customers for these products. For example, products related to Pets, Camping, Hiking, Gardening, Eco friendly products, beauty, jewelry, etc. The products you choose needs to have;
- A wow factor.
- Great quality & great designs.
- Must be found on Aliexpress & Alibaba.
How to find a good Dropshipping Supplier?
- Make sure the supplier have millions in revenue per year.
- Make sure they have been in the business for at least 2 years.
- Contact at least 5 suppliers a minimum.
- Try to differentiate Manufactures from Traders.
- Tell them you are looking for a long term relationship.
What questions do you need to ask to suppliers?
1. Do you offer Blind Dropshipping?
Blind dropshipping is a shipping service without sending any invoice & associated marketing material to customers, i.e Customers will not see the actual cost of the item and Chinese texts.
2. Do you offer Bulk Dropshipping?
With bulk Dropshipping you will only need to send them order excel sheet to suppliers and they will fulfil each order individually.
3. Minimum order quantity required for each product?
4. Are you able to apply my logo on the product?
5. Do you offer Epacket shipping?
Epacket is a trade agreement between the US & China, which is slightly faster method of shipping from China. DHL is faster, about 3-5days but it’s too expensive for Dropshipping store.