How To Make Money On Shopify in 2020

A lot of people nowadays are looking for a way to quit their normal 9-5 job and start making money online. Thanks to many online platforms also connected with e-commerce such as Shopify it is not so hard and scary as you can think. The growth of e-commerce in the last few years is huge and in my opinion, it is the right time to go in and start your online business this way.

This guide will show you everything you need to know on how to make money with Shopify, but you can also use this knowledge with other topics.

make-money-on-shopify

What is Shopify?

Shopify is an e-commerce platform that allows everyone to create their store and it is a very beginner-friendly platform. You can easily just go in and start your e-commerce journey. Shopify lets you create, grow, and manage your business from just one place. It gives you all the required tools to create your online store, also with things such as customization to create your own online brand (it is very important in e-commerce).

With Shopify everything is easier, you can install plugins for importing products (also drop shipping) such as Spocket or Oberlo and start your business in one day.

The plugin market in Shopify is a big thing. You can add many things from countdowns to popups, newsletters, and much more.

Shopify is one of the most popular e-commerce platforms in the world. It was started in 2004 by three Canadians, inspired by a poor online shopping experience in one of their interests.

Shopify has almost 20% market share, so as you can see it is a huge biz.

Platform is growing every day and it is very easy to start your journey with it…

How much does it cost?

If you want to test the platform you can check out their 14-day free trial. Once the free trial will expire, you will need to upgrade your subscription to one of their plans.

Below you can see the comparison.

Basic Shopify

Shopify describes this plan as “All the basics for starting a new business”. For $29/mo you got:

  • Online store
  • Unlimited Products
  • 2 Staff Accounts
  • 24/7 Support
  • Sales Channels
  • Up to 4 Locations
  • Manual Order Creation
  • Discount Codes
  • Free SSL Certificate
  • Abandoned Cart Recovery
  • Gift Cards

Shopify

Here is the plan described as Everything you need for a growing business:

  • Online store
  • Unlimited Products
  • 5 Staff Accounts
  • 24/7 Support
  • Sales Channels
  • Up to 5 Locations
  • Manual Order Creation
  • Discount Codes
  • Free SSL Certificate
  • Abandoned Cart Recovery
  • Gift Cards
  • Professional Reports

Advanced Shopify

Here is the last plan, “Advanced features for scaling your business”:

  • Online store
  • Unlimited Products
  • 15 Staff Accounts
  • 24/7 Support
  • Sales Channels
  • Up to 8 Locations
  • Manual Order Creation
  • Discount Codes
  • Free SSL Certificate
  • Abandoned Cart Recovery
  • Gift Cards
  • Professional Reports
  • Advanced Report Builder
  • Third-party Calculated Shipping Rates

More about things such as Shipping Discounts and Payments you can find on the Shopify website, by clicking here.

How to Make Money with Shopify

Shopify is mainly an e-commerce platform, so your business basically can run on every type of selling products. Below I show you the main steps and also examples of niches you can use when starting your business.

1. Select your niche

The most important thing is to select your niche. The best niche is the one you are familiar with because it is easier for you to create content, find products, promote it and you just have a lot of fun from it. Below I present you 5 ideas of niches, you can also think about other variations of it or just look for something that you are familiar with:

  • Survival,
  • Beard & Moustache,
  • Hand-made products,
  • Home Decor,
  • Wall Arts.

2. Research the market

It is strictly connected with selecting your niche, because you must research the market, to know if it can be a profitable idea for you. Also, you need to check if you can get products to sell and maybe what kind of profit you can make per each sale.

It is very important to rate your idea before starting because you can waste a lot of time and money on something that won’t work.

Better just do research, check also keywords in Google Trends, check other stores, sometimes maybe talk with owners.

Not everyone will be helpful, but maybe someone will give you some tips connected with the particular niche. With this type of inside info, it is always easier to start a new business.

3. Create a store

It is a very wide point. You need to think about the name of the store/brand, think & design or order a logo. Also, you need to think, if maybe you want to sell more premium products or just a normal, basic things.

All these factors can help you with creating your visual appearance, also in social media. Do this at the beginning and it will be much easier in the future.

Also think about creating a stunning website, not only in visual but in user experience, think about every detail. You target your clients, so they need to know how to use your website to buy your products. Think about, test shopping scenarios, and adjust everything to your target group.

Few Extra Tips

Add value to your store. Remember, e-commerce isn’t only about making profit and just selling products. If you want to have an authority, be a trusted one, remember about bringing value to your clients. Maybe record a video, make cool photos, think about a good description.

Maybe write an article on how to use a product or maybe how you can mix it up with other products. It can also boost your earnings, but it will also bring value to the clients.

The next thing is to select high-quality products. Of course, think about making a profit, but also think about quality. Look for products that you would want to buy, in case of quality. Choose the right supplier, one that won’t let you down.

Another important thing is to remember about SEO. All these alt-tags, image titles, page speed, etc. It is a very important factor, in search engine optimization. Just do it once and keep checking if all is right.

Think about marketing, how can you attract your clients? Discounts? Contests? You must select the one, that fits your niche best.

Conclusion

It is how you should work if you want to make money on Shopify. It won’t be easy, but you can make a ton of money if you do it well.

Also, remember to do not break down on the idea of making money on Shopify. Just do your thing, give it time and probably you will see results, but it requires some portion of time to happen.

To make money on Shopify is not a one-night business. You just need to precisely follow the rules and every day think about how to improve your business.

Sometimes small details can change everything.

 

 

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