Now more than ever, people are looking for ways to make money or start an online business. And there are plenty of choices, but one option that has grown in popularity is e-commerce and learning how to make money with Shopify.
Starting an e-commerce business is incredibly easy these days and you don’t even have to be super technical to get started. Now, does that mean you’ll be making thousands overnight? Of course not! There are still plenty of challenges to starting a successful online business with Shopify.
However, it can also be a financial game changer if you are dedicated and have a drive to succeed. Let’s dive into how to make money with Shopify.
1. E-commerce
One of the most common types of businesses that exist on Shopify are e-commerce stores. Those range from brick and mortar stores opening an extra channel online, to an individual creating and selling their own handmade products directly online.
By selling online, your product will reach many more people, and the overheads won’t be much higher. You also won’t need to hire a developer or anyone technical, you can easily set up the store yourself. As an individual, you’ll only need to take care of the marketing and setting up the products online, Shopify takes care of everything else.
2. Dropshipping
Dropshipping is a great way to make money from an online business without having to touch the product itself. Instead, when someone buys a product from you, you’ll then buy the items and a third-party supplier. And that supplier then ships the inventory on your behalf. The low overheads means this business model is easier to scale.
The main challenge in dropshipping is the marketing: you’ll need to find the customers, build a brand and do the sales. Once you have customers, they order through your online store and this automatically reaches the third-party supplier, who then ships the product.
3. Sell Single Product
This type of option is a good way to stand out from competitors and test a niche. Instead of selling a variety of items, focus on selling just one specific one. This product could be something you’ve created, or something you’ve obtained from a third-party supplier.
And creating a store with one product type works well if you’re selling a product that offers several features — such as a speaker that helps people sleep or a coffee machine that connects to your phone.
4. Embed Products on Blog
Another cool way to make money with Shopify is using their Shopify Buy Button. If you already have an existing website or blog that is running well, you don’t need to completely convert over.
Instead, you can embed products and add the checkout on your current site. These are simple embed codes created that can be customized to your brand already. So it is a natural fit on any website you have!
5. Digital Services
If you are a freelancer (marketing, developer, etc) or starting your own business related to building websites for people, you can make money with Shopify in another way. The platform has a partner program where you can become a Shopify expert, get certifications, and access to more.
You can make money through referring clients to Shopify, creating e-commerce themes and publish them in their store, or create Shopify apps and publish them in their app store as well.