How to Make Money with Shopify – the Ultimate Guide to Making Money Online
E-commerce is currently one of the biggest online trends! With global e-commerce expected to reach $4.5 trillion by 2021, there is no doubt that it is a great opportunity for ordinary people like you and me to earn thousands of dollars a day. As more and more people are looking for successful online businesses, setting up a Shopify online store is becoming increasingly important. How can you make money with Shopify?
There is a great way to make money selling products on Shopify. This is a platform that allows ordinary people from around the world to earn thousands of dollars by selling their products. Through the Shopify platform, you can sell handicrafts or goods you have created.
More importantly, Shopify is quick to install, easy to use and very affordable, especially when compared to other e-commerce platforms. You’re probably wondering what tricks and tips you need to implement to be successful with Shopify.
Have you always dreamed of having a successful online business? Are you looking for a piece of the projected $4.5 trillion in global e-commerce revenue? This comprehensive guide to making money with Shopify is the right step in that direction. By the end of this article, you’ll be ready to set up your Shopify store and begin your journey to financial freedom.
What is Shopify?
Shopify, based in Ottawa, Ontario, is a global e-commerce platform that allows you to start, grow and manage your business. It’s just a drag-and-drop website builder that allows you to sell thousands of products online without worrying about product inventory.
Does that sound confusing? The fact that you don’t need to keep inventory on the products you sell is one of the most important things that gives Shopify the upper hand over other ecommerce platforms.
Here’s a perfect example: Say you order 70 pairs of shoes from a manufacturer in China and decide you want to sell them on another ecommerce platform, say Amazon. The problem with such a platform is that if you can’t sell them all, there will be a few shoes lying around in your store or garage! This is something you definitely don’t want and that makes Shopify a special platform to make money.
But with Shopify, you can pay your supplier in China only for the shoes that a customer buys from your online store. Again, you don’t have to have the products in your store. Instead, the product can be shipped directly from the supplier to your customers as long as he or she has purchased the products. In essence, Shopify takes care of all the logistical challenges that have held back retailers with great product ideas.
Shopify eliminates challenges such as the need to set up an attractive store, shipping barriers and the worry of processing payments in a secure manner. In short, Shopify is a great e-commerce platform that eliminates the need for warehousing. Of course, this is an efficient way to minimize your company’s operating costs. It also eliminates the risk of unsold products or dead stock lying around in your store or garage.
Another great advantage of Shopify is that it is a completely cloud-based platform that requires no updating or maintenance of web servers or other software. Essentially, you get the flexibility to run your Shopify business from anywhere in the world as long as you have an Internet connection. With Shopify, you also have the ability to market and sell across multiple platforms, including the Web, social media, mobile, pop-up stores and fixed locations.
How does Shopify work?
Shopify is one of the few e-commerce online platforms that allows you to manage your online store in a refined way. Basically, it becomes a tool that allows you to easily manage and organize your product inventory. It’s also very flexible because you can add multiple variations of a specific product, such as price and image. With Shopify, you can not only show your customers the professional side of your business, but also provide a great user experience for your customers. Basically, you can set up your Shopify store in just a few hours.
Decide what to sell
The first step to making money with Shopify is deciding what to sell. In general, it is not advisable to open a Shopify store if you are not sure what you want to sell. Instead, take the time to research the market and find out what products you want to sell in your Shopify store.
Don’t make a quick decision about what you want to sell because it can cause your business to fail and you won’t make money with Shopify. If you are at a crossroads in making the right product decision or selection, Shopify can help you with some tips. Just visit the platform’s home page and you’ll find links that will show you the right products to sell in your store.
Set up your shopping cart
The main purpose of setting up Shopify is to make money, and Shopify makes it easy. With Shopify, you can set up a shopping cart on your site to sell your products and also manage credit card transactions with your customers. With this e-commerce platform, you can determine the appropriate shipping costs.
You can also communicate with your customers in multiple languages, making international sales much easier. In terms of sales tax, Shopify automatically calculates everything, so you don’t have to worry about paying tax.
With Shopify, you can monitor the shopping habits of your customers. In other words, this platform gives you the ability to send email reminders to your customers, especially if they leave their shopping carts incomplete. Of course, this is necessary to increase your sales and of course your chances of winning with Shopify.
Shopify product features
With Shopify, you can also add photos and descriptions to your products to easily make more money with Shopify. The platform also allows you to make your online store mobile so that more and more customers can access your store from their smartphones. The mobile response feature not only increases the number of potential customers in your online store, but also allows you to make money with Shopify.
How much does Shopify cost?
To be successful and make money with Shopify, it is essential that you choose the right price plan. Although Shopify offers several price plans, it is important that you do not pay more than you can afford. Again, you should have room to grow your business.
How can you determine the right Shopify plan for you? The Shopify price plan ranges from $9 per month to $299 per month or more if you choose the Business plan. It is always wise to choose your Shopify plan based on more than just price. You should look at other factors, such as the features that each plan offers and how you can grow your business and make money with Shopify. For this reason, it is important to pay close attention to the Shopify price plan. So let’s jump right in.
This is the $9 plan per month. It is basically a starter plan that has no additional features except the “Buy Now” button. It can be an excellent plan if you are a small merchant who wants to sell your product in social media or promote your products on your website.
This price plan offers you a very easy way to accept credit card payments. As you can see, it is not a full-fledged Shopify online store because you do not have the option to add a shopping cart to your online store. It does the job anyway, especially if you just want the “Buy” button to be added to your blog or website.
This is a plan for $29 per month, which is a perfect option if you want to test the e-commerce waters. It allows you to include an unlimited number of products and your customers can quickly and easily sign up for your online store. This plan can be great if you want to add a blog or a full website to your Shopify store.
Plus, you get a free SSL Certificate that provides a range of features including customer information protection, manual order creation, shipping labels, and 24/7 support. By following the annual plan, you save 10% ($26.10 per month), while a two-year plan can save you 20% ($23.20 per month). As great as it sounds, this plan has no features like real-time carrier shipping, professional reporting, and no support for gift cards.
Additional features, including support for maps, professional reports, recovery of abandoned wagons in addition to features of Lite and Basic plans. The best part about choosing this plan is that you can communicate with potential customers via email and get them to complete their orders.
This is a $299 per month plan that gives you all of the above features, including real-time shipping and advanced reporting. This plan is advantageous in the sense that you don’t have to calculate shipping costs alone. Instead, a third-party shipping provider automatically calculates the shipping costs. With the advanced reports, you can customize your own professional reports.
Shopify Enterprise (Shopify Plus)
With prices starting at $2,000 USD per month, this is ideal if you are looking for a scalable platform that you can customize to your needs. Although this is a really expensive plan, it provides you with a dedicated 24/7 support team to help you start and run your business.
How to start a Shopify shop / earn money with Shopify
Unlike most e-commerce stores that charge you hundreds of dollars and make you wait months for your site to be activated, Shopify makes it easy.
Signing up for Shopify only takes a few minutes. This platform offers a 14-day trial that allows you to review and familiarise yourself with the dashboard, set up your store and see if it meets your requirements. You’ll need to enter your details, name your store, estimate your sales and decide whether to sell in-store, online or both. Just make sure that the information you enter is genuine.
Choosing the right theme is crucial, as this determines the layout and attractiveness of your store. A theme can also affect how your customers navigate through your website. You should therefore choose something nice that fits your brand. While your Shopify store comes with a default theme, you can customise it to your own liking and make it stand out from the rest.
Shopify shop design
Creating a Shopify account does not necessarily mean that your online store is active. That said, you will need to build your store by creating pages such as About Us Page, Contact Page and many more. In general, the Shopify interface is easy to use and this should not be a problem. You can also optimize your website for SEO to ensure that it gets a good ranking in search engines.
The best part is that Shopify guides you through this entire process. For example, with Shopify you can link your online store to your domain name. In fact, Shopify also helps you when you want to buy a domain name by showing you the domain cost and fees. This allows you to buy directly from the platform.
How to use Shopify
You won’t make money with Shopify if you don’t know how to use it. Once you open your Shopify store, you can start making money with Shopify by following these steps. Adding Products to Shopify There is no doubt that you will not be able to make money with Shopify if you do not include products and services and list them clearly on your site.
Adding products is very simple. All you need to do is find the “Products” tab in the main drop-down menu. You can then add products either manually or import them via a CSV file. The latter option is much easier because you can import many products quickly. It’s good if you have many products to upload. Just download a CSV file that specifies how product information should be organized, completed and uploaded.
And even if you prefer the manual process (it gives you more control), it’s easy. Add a product title, a description and then the product images to the text. You should fill in the shipping information if you sell physical products.
You must include the product weight and HS tariff code if you are planning to ship internationally. Organize products in your collection This is a great way to sell more and make it easier for your customers to navigate.
This method allows you to make money with Shopify, making it easier for customers to make both initial and additional purchases.
How to remove “Powered by Shopify
As a new Shopify owner, you may be bothered by the “Powered by Shopify” that appears in the footer of your shop. Although Shopify uses this footer to market itself and direct visitors to the main Shopify page, you can remove it. In essence, removing it can give your store an authentic feel and the chance to create a unique brand image. Whatever your reasons, here is how to remove “Powered by Shopify” from your store.
1. go to your Shopify Store Dashboard and click on the Online Store in the left sidebar
2. Click on Themes and you will see the Action button in front of your active theme. Click it and then select Edit Languages.
3. Go to the Filter Translations box and search for “Powered”.
4. add a single space in the Powered by Shopify field to remove the hidden text
Click Save and the Powered by Shopify footer disappears.
How to cancel Shopify
As a Shopify owner, you have the option to temporarily suspend or close your online store. Please note, however, that you will not be able to make money with Shopify if you close your online store. You can only suspend or close your Shopify store after you have contacted all third party vendors that are under contract with your Shopify store. Before you proceed with closing, you should do the following:
1. contact all third party merchants and notify them of your intention to close your account
2. there should be no fees in your account If there is an outstanding invoice, Shopify will send you the final invoice, which you must pay before closing your store.
3. disable all apps in your Shopify store so that you do not incur any additional charges.
Close the Shopify Store
There is actually not much difference between stopping and closing your Shopify store. However, when you stop your Shopify store, you can run the store at a reduced cost and activate it at any time later. With this in mind, you can close your Shopify store if you do not want to use it in the future. Remember that you cannot run your Shopify account with the same business name or URL. To close your shop:
1. log in to your Shopify store as the owner
2. Visit Shopify admin, go to the settings page, and then go to the account.
3. Go to the business status page and click “Close business”.
4. Read the Terms and Conditions. Select the reason for closing your business and click “Close Business”.
Shopify has probably become the most popular e-commerce platform. It is a great platform that gives you the opportunity to build and run a successful e-commerce business. If you’ve been looking for ways to make money with Shopify, the tips above should get you on the right track.