Are you wondering how to make money on Shopify?
Shopify has become one of the top e-commerce platforms where entrepreneurs can create a profitable business with very little investment.
However, e-commerce is becoming very saturated, so making money might not be as “easy” as it once was. Moreover, there is not just one method to monetize Shopify. In fact, you can combine several methods to increase your chances of making money online.
In this post, I will show you different methods to make money with Shopify.
Let’s dive in!
What is Shopify?
Shopify is one of the most popular e-commerce platforms out there. It enables merchants to sell products online through an intuitive interface that integrates with most existing website hosts and tools.
Setting up and operating a Shopify store is typically straightforward and hassle-free for sellers. For example, uploading products only takes a few steps, and you can monitor your product inventory within the platform.
Moreover, it integrates payment solutions, so you don’t need to worry about it. Also, you can accept online orders and fulfill them in stores as necessary.
How to make money with Shopify.
1. Create an Ecommerce store
This is probably the most obvious solution and the main reason why people sign to Shopify.
Shopify is mostly used for its ability to set up an online store easily and quickly. This platform allows you to sell anything, including services.
Shopify interface makes it simple to add items to sell, curate them, and let your customers quickly checkout. Moreover, you can create a blog for your Shopify store to bring more organic traffic to your site and increase your chances of converting readers into customers.
Here is how you create your Shopify eCommerce store:
Step #1. Sign up.
The first step is pretty simple; all you need to do is sign up to start using the platform. Simply head to Shopify and click any of the “Get Started’ buttons.
Step #2. Add Products to Your Shopify Store
After you sign up, the tool will take you to the admin screen for your new website. Here is where you’ll be able to start customizing your store and uploading products for your customers to browse through.
When going to your Shopify backend, you’ll find an excellent step-by-step process to set up your shop completely. So all you need to do is to follow the tutorial.
Step #3. Create pages for your store
Creating pages is pretty simple. Simple head to Online Store > Pages > Create New.
Step #4. Customize Your Shopify Store
Now that we’ve got some products in your store and some pages ready, it’s time to head over to Online Store > Themes and start thinking about what you’d like your store to be.
In this section, you can customize:
- You theme
- Homepage design
- Navigation menus
- Fonts and colors
Step #5. Set up shipping
You can implement your shipping strategy under Settings > Shipping and delivery. Here, you’ll be able to create shipping zones where you can set your rates for shipping to customers in certain countries.
Step #6. Set up taxes
Go to Settings > Taxes and Duties and set up your tax regions. Here, you can edit the default rates if you like or apply overrides if specific conditions apply to your region or products.
Step #7. Connect a payment gateway
Go to Settings > Payments to set up your payment provider. Shopify has made it easy to start accepting all major forms of payment with Shopify Payments.
As long as you operate your business in one of the supported countries and aren’t considered a prohibited business, you can activate Shopify Payments in just one click and pay 0% in extra transaction fees. You can also choose from over 100 third-party payment providers here or offer your customers additional payment options, such as PayPal.
Step #8. Launch your store
Now you are ready to launch your store. Just make sure you disabled the password protection under Online Store > Preferences, so people can start buying your products.
2. Become a Shopify affiliate
The good news is that you don’t need to sell anything to make money with Shopify. And this is possible thanks to the Shopify affiliate marketing program that lets you earn money per successful referral made from your account to the Shopify platform.
Moreover, Shopify runs one of the best affiliate marketing programs, offering a commission rate of up to 200%.
But in order to be a successful affiliate marketer, you need to do thorough niche keyword research and craft amazing articles with your affiliate links on them. This is because the more readers click on your link, the more you’ll earn.
You might also want to learn more ideas about how to monetize with affiliate marketing:
- The 20 Best Affiliate Marketing Courses: Pros, Cons, And Overview.
- Affiliate Email Marketing: The Smart Way To Passive income
- Digital Marketing Vs Affiliate Marketing: Which Is Better?
- The 20 Best Affiliate Marketing Niches (+How to Monetize Them)
3. Create Niche Products.
Making money on Shopify is getting harder because of the number of competitors. You can find almost any product across different stores. So what is setting your Shopify store apart?
One of the “easiest” ways to set you apart from competitors is to create a niche product catered to a very specific audience. When you do this, people will look specifically for you and your product, translating into loyal customers and revenue increase. Of course, the product has to be up to the standard of your audience if you want them to keep coming back.
Some articles you might want to achieve better results are:
- Guide To Marketing Automation For ECommerce (+Best Tools)
- How To Leverage AI Marketing Automation (+Best Tools.)
- Marketing Strategy For New Product Launch (10 Actionable Steps.)
- Advantages of niche marketing And how It can help your Business.
4. Build a Shopify Dropshipping Business.
Dropshipping is probably one of the biggest eCommerce trends from last years. And the reason why this business model is so popular is that it can provide huge benefits with a very minimum investment (if any.)
With a dropshipping business, less capital is required. You only have to purchase a product when you make a sale and are paid for it by your customer. And because you’re not obliged to inventory investment, like in traditional retail business, the risk involved in a dropshipping business is much lower.
In order to create a successful dropshipping store, first, you need to choose a good niche for dropshipping. Then, all you need to do is select one of these dropshipping website builders, which will help you create your store in no time.
Alternatively, you can find more articles related to dropshipping here:
- Dropshipping Vs Amazon FBA; The Best eCommerce Business Models Compared.
- Dropshipping Vs Drop Servicing: The Two Hottest Online Trends In 2022.
- Affiliate Marketing vs Dropshipping- Pros, Cons, and Winner.
- Spocket vs Oberlo: The Best Dropshipping Apps Reviewed.
5. Use Instagram and Pinterest To sell.
Another great idea to make money with Shopify is using your social media platforms to sell your products or services.
Platforms like Pinterest and Instagram work incredibly well for this purpose.
For this strategy to work with Instagram, you’ll need to grow your followers first. However, Instagram ads can also work well and won’t need having followers. In this Instagram niche guide, you can find ideas and also tips to grow your Instagram faster.
Pinterest works differently. With a bit of SEO work and good-looking pins, you can create a passive income selling your products. Moreover, you can check this guide to Pinterest affiliate marketing so you can monetize your Pinterest account both selling products and with affiliate marketing.
6. Become a Shopify Coach
This might be one of the most demanded jobs in 2022, so here you have an amazing chance to make money with your Shopify knowledge.
If you have experience building a Shopify business, you could offer your services and help other people setting their stores. You can even specialize in things like “Shopify store builder” or “Shopify product research.”
Moreover, you can use your own Shopify platform to list your services, which will make more sense to land opportunities related to Shopify.
All you need to do to get started is to create your Shopify store (explained in section #1 above) and list your service. Next, you’ll need to promote your services. Alternatively, you can join a freelance platform and promote yourself there.
You might want to read next:
How To Make Money On Shopify- Conclusion.
As you can see, there are different methods to make money with Shopify for people with different backgrounds.
For best results, you could combine a few of the methods described in this post
Now is your turn!
Which method will you use to make money with Shopify?
Leave a comment with your answer below.
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