Annually, a multitude of businesses step into the world of e-commerce globally. With the increasing preference for online shopping, Shopify has become a dominant force in the global eCommerce landscape. At this stage, new users might wonder: Can they make money on Shopify? Is Shopify profitable? Fortunately, the answer is yes! It offers abundant opportunities for new entrepreneurs to step up their ventures and earn money online and for existing businesses to boost their revenues.
When everyone is leveraging online opportunities in this digitally evolving space, it is the perfect time to set foot in savvy and advanced platforms to boost your online earning streams. And what could be better than Shopify – the most versatile and powerful e-commerce platform? So, without further ado, let’s get started!
1. Start An Online Store!
Hands down, creating an e-store with Shopify is the #1 way to earn money. The good thing is that for first-timers, Shopify has all the right tools to create a website or launch eCommerce stores, making it super simple for newbies.
Image Source: Shopify
Shopify tools include:
- List new products
- Add images to a gallery
- Optimize product pages for search
- Add vendors
- Track inventory
- Add on plugins
The ease of use in eCommerce store or website creation has enabled more than 1 million businesses to use Shopify as their first choice across 175 countries.
At this point, it is essential to understand that Shopify is not free and has some cost to build and maintain Shopify stores online. So, consider the following aspects in terms of investment:
- Shopify monthly subscription fee
- Domain name and hosting
- Marketing and advertising
- Products
- Website design
- Transaction fees
Pro Tip: Make sure your Shopify store perfectly reflects your brand’s style. If you are skeptical about how to do it or need some extra help, consult digital marketing consultants. They have experts who know how to attract customers and convert them into loyal patrons.
2. Create a Shopify Dropshipping Store
Dropshipping is a popular way for new entrepreneurs to make money online. Unlike regular online stores, you don’t have to handle inventory or shipping yourself.
On Shopify, drop shippers make up only a small part of businesses—about 7.77%. This means most buyers prefer managing inventory and shipping themselves. It means starting a dropshipping business on Shopify is less competitive than a regular store. And the good thing is that you can run it from anywhere, just using your laptop, without ever touching the products you sell.
All you need is a good Shopify store, good marketing, and reliable shipping from manufacturers. Pretty neat, right?
There are lots of benefits to dropshipping:
- No need for a big upfront investment.
- You only pay manufacturers when you make a sale.
- You can grow your business by working with more manufacturers without worrying about inventory.
On Shopify, success comes from keeping your store active, making it easy for customers to buy, and getting help with inventory and shipping.
Image Source: Shopify
3. Provide Product Photography Services to Shopify Businesses
Product photography is in high demand, especially in the eCommerce industry. Did you know that 83% of online shoppers say that product images are crucial when deciding to buy something?
Most Shopify store owners are super busy managing their businesses. They often don’t have the time or skills to take great photos of their products. Even if they did, they’d rather hire an expert photographer for better results.
If you’re good at photography, you can offer your services to Shopify merchants. You could charge around $100 to $300 per hour, or $10 to $20 for each photo. Experienced photographers might even earn up to $3000 per day, depending on the project.
With many Shopify stores having lots of products, this could be a great way to make money doing something you love!
Image Source: Shopify
4. Start a Fashion Store
Are you a fashion designer or someone who has an excellent sense of fashion, Shopify is your ultimate destination for launching your very own online fashion brand. The platform is buzzing with success stories, especially in the fashion, clothing, and accessories sectors. Just look at trailblazers like Dior, Bombas, and Outfitters, raking in jaw-dropping revenues exceeding $100 million annually through their Shopify storefronts.
Shopify is a flexible and adaptable platform with built-in advertising tools, a robust fulfillment network, and a world of growth opportunities, in short, it has everything you need to take your fashion business to the next level.
But here’s the kicker: you don’t have to do it all alone. Tap into print-on-demand dropshipping services like Printful or CJdropshipping to handle the heavy lifting – from manufacturing to shipping – so you can focus on scaling your business. Be mindful that these dropshipping services come with price tags!
Pro Tip: Athletic wear and fashion accessories are also making waves on Shopify. Whether you’re flying solo or teaming up with third-party dropshipping partners, there’s ample opportunity to carve out your niche and build a thriving fashion brand. So, what are you waiting for? Let’s turn your inner fashionista into a brand on Shopify!
5. Be a Shopify Expert!
If you have experience managing e-commerce stores or building online shops, Shopify is the ideal platform to showcase your skills and earn money.
Shopify offers an expert marketplace with registered agencies, professionals, and freelancers who can offer their services to various businesses.
In October 2023, Shopify rebranded its expert marketplace to Shopify Partners. Services provided through Shopify Partners include, but are not limited to:
- Marketing and sales
- Store setup assistance
- Website development and troubleshooting
- Copywriting and content marketing services
- User experience (UX) design and branding
If you are an expert in any of these services, you can apply to Shopify Partners Directory as a skilled service provider.
Image Source: Shopify
Fast Fact: In the transition from the expert marketplace to the partners portal, Shopify has imposed various improvements to benefit third-party experts, like improved visibility to Shopify merchants seeking specific expertise. Partners can retain 100% of their profits, unlike Shopify’s previous 10% cut in the Experts Marketplace. Connection facilitation with Shopify store owners through a lead form in the Partners page directory. And communication and invoicing facility with clients outside the Shopify ecosystem.
The Bottom Line
Whether you are an entrepreneur, freelancer, or e-commerce expert, Shopify has options for everyone who wants to capitalize on their skills and expertise to generate income on its platform.
