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While starting an online store, you must have come across Shopify. Or, maybe you would have heard about it from a friend or colleague. Whatever be your reason behind your curiosity about Shopify, we are here to answer all the questions. So, let’s learn what is Shopify and how dropshipping and shopify are related:
Shopify is an online selling platform that permits users to create their exclusive online store. The reason behind its popularity is its easy-to-use interface and low start-up cost. Technically Shopify is a cloud-based software that users can access by paying a monthly subscription. Once you have paid the monthly subscription, you have access to use the admin panel. Now, you are at liberty to create your online store, add products, and receive orders.
The interface is quite simple to use, so dropshippers would not have any trouble setting up their online store. They can easily choose from an array of design templates and themes. Those who want to develop their own theme can deploy the editing tools provided by Shopify.
For those who want to explore Shopify a little more without paying anything, they can go for the 14-day trial to test out the features and themes. Shopify is everything a dropshipper needs to start their online store. It comes with a free SSL certificate and 99.9 8% uptime, so you do not have to worry about data security, transaction hurdles, or website crashing due to high traffic. Now, depending on how much access you require, you can select from three different subscriptions:
The basic package is priced at $29/ month, allowing users to set up two staff accounts and handle inventory at four different locations. In addition, it also lets you add unlimited products to your online store and promote it via social media.
The next plan is $79/month, which allows the addition of five staff accounts and handling of inventory across five different locations. Once again, you can upload unlimited products to your online Marketplace.
The advanced version of Shopify can be accessed at $299/ month. With this account, you can set up 15 staff accounts and handle inventory across eight different locations.
You receive manual order creation, free SSL certification, timely discounts, and abandoned cart recovery with all three subscriptions. Further, Shopify is divided into two sections, Shopify lite, and Shopify Plus.
Shopify lite is suitable for a seller who would require a full online store. Using this version, you can add your sales elements to any webpage. Suppose you want to monetize your Instagram posts, you can use Shopify light, which comes at just $9/month.
On the other hand, Shopify Plus works for large businesses. It is an enterprise-level plan that is available at $2,000/month. With this top version, you receive some remarkable features and unrestricted selling capacity. Now that you know what Shopify does, let’s see what you can sell on it.
Dropshipping is a very broad term and hence, it is important to understand the wide range of Dropshipping scenarios. Some of the types of Dropshipping are listed below:
The most popular sort of Dropshipping is when a company collects products from a range of suppliers and offers them all in one spot for online purchase. These companies make it simpler for the general public to locate and purchase these items.
People who are strong at Marketing or have a thorough understanding of a particular sector or niche will benefit from this form of Dropshipping. If you can come up with original Marketing concepts for your firm, you’ll have a better chance of succeeding with Product Reselling.
Many people don’t have the time, money, or experience to put their business online, even if they want to. Some Dropshipping companies prefer to partner with these enterprises and take on the role of their online presence. When the Dropshipping company makes a sale, they request that the item be shipped to the consumer by the retailer.
Business Extensions works well in smaller cities where businesses are more likely to consider expanding their market, however, it’s quite difficult in rural areas. As you must create a strong relationship with the Retailer, this sort of Dropshipping necessitates more effort.
Many Dropshipping businesses prefer to bundle or combine products and sell them as a single product. It can be tough to create new items by mixing old ones, and it necessitates a certain amount of imagination. It’s better to make new items using products that come from a single supplier that bundles all of the products in the same order.
Print on Demand is a sort of Dropshipping in which a business deals with printing and wishes to sell products with text or images printed on them. Mugs, pet food bowls, and T-shirts are just a few of the things that most printing firms provide. Print-on-demand Dropshipping may be a suitable fit if you have access to a certain set of people who share a shared interest.
Shopify supports all sorts of e-commerce businesses including dropshipping. As a dropshipper, you can sell a wide variety of products on your Shopify store, including:
Some of the highest-selling products are storage containers, home decor items, craft items, and handheld device accessories. The only thing that you cannot sell via your Shopify store are products that are restricted to a large extent for example tobacco, alcohol, fireworks, video game credits.
While it is possible to send products to your clients from all over the world, shipping times may be affected depending on how far away your supplier is. Shipping times can make a big impact on your small business’s success. So, it’s important to overcome the drawbacks to use Shopify Dropshipping to your advantage. Some of the strategies are listed below:
It might be tough to choose products for your product line, which is why some businesses try to sell as many different things as they can. In addition, it can be quite difficult to build a business brand around selling every product imaginable. Moreover, it’s unlikely that you’ll be able to match every customer’s expectations because there are already established marketplaces on the internet where you can locate a wide range of products. So, first, do market research using keywords and other techniques to select the best product to grow your business.
Suppliers are in charge of a significant portion of your organization. This indicates that the quality of your supplier has an impact on the quality of your company. If a consumer has a bad experience with your company, they are reluctant to order from you again, even if the problem is caused by your supplier rather than you.
You should research potential suppliers’ ratings, policies, and speak with them to determine their quality. Working with trusted suppliers guarantees that you supply high-quality products, that your orders are processed swiftly, and that no unnecessary branding is added to your orders. The best Shopify Dropshipping Suppliers will be explored at the end of this post for your benefit.
While one of the advantages of Dropshipping is that your supplier handles inventory, there are a few reasons why you should consider ordering a few products and having them delivered to your location:
Wondering how to start an online business? Dropshipping can be your venture point into the world of online sales. Afraid to go out, more and more people are shopping online. So, if you are wondering if dropshipping can be a full-time job? The answer is yes.
People usually start dropshipping as a side hustle and eventually transform it into a full-time occupation. In the last decade, dropshipping has risen by leaps and bounds and it continues to grow further.
According to a recent survey, it was found that dropshipping is estimated to reach a market of USD 557.9 billion by 2025. With such a huge opportunity, it can definitely be a full-time gig for you.
Just like other businesses, even dropshipping requires a significant amount of effort and commitment. If you are expecting to grow your income by six figures with just a part-time effort of a few months, then you are going to be disappointed with the results. You need a concrete plan and constant effort to make it a full-time job. We have listed some expert-recommended tricks for you:
The key to success is to set up a goal and follow it with commitment and dedication. With this approach, you are less likely to be disappointed and quit. On the contrary, when you witness a constant rise in your business, you will have the determination to take the business a step ahead.
For new dropshipping entrepreneurs, we recommend spending as much time as possible on setting up a store. This time investment is going to be worth it as you are going to learn how the business works in and out and understand what your clients demand. In doing so, you will also develop new skills that are critical to several businesses.
People usually follow a goal that is too big to achieve in the beginning and that is why they are never able to start dropshipping as their mainstream job. According to a recent survey, if someone is making €50,000 per annum, it is sufficient. Therefore, if your yearly turnover from your dropshipping business is €50,000, you are going to do well for yourself.
People just wait for this income to increase, before making it a full-time job. But, just think if you are earning €50,000 as a part-time gig, how much will you make from a full-time job.
As a new entrepreneur, you have to keep in mind the existing competition. We always recommend you set up a margin of 20%. It might look a little less in the beginning, but in the long run, these business tricks attract more and more customers. Besides, you can always increase this margin.
Instead of increasing the price of the product, focus on making more sales. Suppose a customer is purchasing a €20 product. You could list another product for a good discount. For instance, someone is buying a cricket bat at €40; you can list a cricket ball at a discount of €5. Not everyone will fall for this trick, but eventually, your cart value will rise.
To start working on your goal towards achieving €50,000 you will need some expert advice. The experts of dropshippingXL assists you at every step. You can join our community of dropshippers to learn and grow.
In this article, you gained a basic understanding of Shopify and Dropshipping. You explored the key features, types, and working of Shopify Dropshipping. In addition, you learned the steps to set up Shopify Dropshipping. Moreover, you understood the various strategies to overcome the challenges while Dropshipping. At the end of this article, you unraveled the best vendors for Shopify Dropshipping.