Collection

How to make money on Shopify: Top 10 Best Ways

technologhy
November 29, 2022
10m
Anna Pham
how-to-make-money-on-shopify

One of the most widely used e-commerce platforms is Shopify, especially as more and more people turn to online shopping.

The reputation of internet sellers who discover profitable strategies for promoting their goods or services grows over time, and their revenues soar.

But hold on a minute.

Is it really that simple to earn money using Shopify? Yes, if you are aware of how. The fact that Shopify is so simple to use for both customers and sellers is one of its most outstanding features. And the best part is that becoming a seller is simple to do. We'll go over how to use Shopify's tools and services to make money as well as advice on running a profitable business.

Why should you make money on Shopify?

Make your web presence unique

Shopify has a wide variety of themes to pick from, so you don't have to bother about coding if you don't know how. To maintain the storefront appearance, sellers can alter their logo, text, images, colors, and videos.

Assistance in running your company

You may handle orders, goods, prices, inventory, shipping, and many other areas of business operations with Shopify's user-friendly admin panel.

Bolster your marketing initiatives

To keep track of your daily total sales, the number of buyers that visit your website again, and many other indicators, use the Shopify analytics tools.

How to make money on Shopify?

1. Start an Ecommerce Store

Opening an online store may be the solution to your question of how to earn money on Shopify. The platform makes it simple for anyone to launch a hassle-free online business.

Things to do before launching a Shopify shop

how-to-make-money-on-shopify-1
  • Plan your business.
  • Before you invest, thoroughly evaluate and validate your company idea.
  • Identify your target market and your e-commerce specialization.
  • Establish a series of digital channels to market your company's name and goods.
  • Prepare your SEO strategy. To improve SEO, think about launching a blog.
  • How Can You Get More Engagement on Your Blog Posts?
  • Select the delivery and payment options.
  • Ensure that your website is completely functional and follows the design requirements set forth by Google and other search engines.

Improve your sales in addition to a blog, you can employ Shopify apps. In the app store, there are many apps and reviews. For instance, you can choose Ryviu - the best review app on Shopify to increase sales.

2. Build a Shopify Dropshipping Business

how-to-make-money-on-shopify-2

With the help of the dropshipping business model, entrepreneurs can outsource the manufacturing of the goods they plan to sell online.

Finding vendors whose goods are identical to or comparable to those in your niche is all that is required. After that, upload your new SKU and watch for orders to come in.

The following steps can be used to summarize the dropshipping business:

Step 1: Customers order something from your shop.

Step 2: Your Shopify store automatically notifies your dropshipping supplier of the order information.

Step 3: The order is handled by your dropshipping vendor, who also handles the packaging and labeling (if necessary.)

Step 4: The order is delivered to the customer directly by your dropshipping supplier.

How Shopify benefits your dropshipping company?

  • Options for seamless integration with the top dropshipping companies in the world, including Oberlo, Spocket, and DSer.
  • Using Shopify's dropshipping tools, you can manage orders, shipments, and advertising.
  • Possibility of integration with additional sales channels, such as Facebook Ads, Instagram, or Pinterest, to effortlessly manage your marketing and advertising.

3. Become a Shopify Affiliate Marker

how-to-make-money-on-shopify-3

It's not necessarily necessary to sell anything in order to make money on Shopify. You can sign up for the Affiliate Shopify Program and start earning commissions.

In this initiative, content producers, instructors, influencers, and other people who wish to motivate audiences to launch their own businesses using Shopify are all involved.

Partners must send their audience members to Shopify in order to enroll in the program. This form of affiliate marketing also utilizes commissions. When a member of your audience signs up for a paid Shopify business plan, you get commissions.

Email marketing can help you make your affiliate marketing initiatives stronger. Visit our article on affiliate email marketing tips you should be aware of.

4. Start Your Own Clothing Line or Accessory Brand

how-to-make-money-on-shopify-4

Nowadays, earning money with Shopify is simpler because to applications like Printful and Printify. Designing, producing, and shipping printed clothing is now more efficient and straightforward than ever.

By launching your own clothing brand, you may turn your innovative designs into a lucrative business. Applications like Printful require you to upload your design, choose the products to which you want to apply your design, and connect your Shopify store.

Products are printed as needed. As a result, once a buyer buys a goods, the seller deducts their charge from the money and begins manufacturing the good.

The goods is printed and shipped by them, so you won't have to bother with shipping issues either. Very lucrative, wouldn't you say?

Another typical method of making money on Shopify is by creating an accessory company. Building a strong brand is possible whether you make the products yourself, dropship them, or have them manufactured, especially with the aid of effective marketing.

5. Develop a Niche Product & Market It Well

how-to-make-money-on-shopify-5

Can you make money on Shopify? is a common question. But let me tell you, it's not just about the platform you sell your products on.

It has benefits, no doubt, but you still need to understand your market and how to promote your goods.

A distinctive niche product that caters to a particular market can be created. This will ensure that you know who your consumers are and how to address them. A specific target audience is easier to create marketing rather than a broad and diverse group.

6. Set Up a Local Online Grocery Store

how-to-make-money-on-shopify-6

Creating a community online grocery store with Shopify is another option to generate income. If you grow your own crops or already operate a physical store, you might think about using a website to boost local sales.

By displaying local businesses on maps, their hours of operation, and other information in snippets, search engines like Google help local businesses increase their visibility.

Keep in mind that by focusing on regionally specific SEO keywords, you can reach an even larger audience. Additionally, popups with the geolocation targeting feature can help you convert local visitors into customers or email leads.

7. Sell Digital Products and Downloads

how-to-make-money-on-shopify-7

Selling downloads and digital goods is another way to generate income on Shopify. E-books, podcasts, apps, themes, and NFTs are a few examples.

Be aware that purchasing digital products like games, apps, themes, or software could call for a specialist team and a sizable budget.

The following are some popular digital goods and downloads that you can sell:E-books, Apps, Games, Online courses, Photos, Themes, Podcasts, Songs.

How Shopify may assist you in earning money from digital goods:

  • Seamless app and tool integrations with external platforms
  • Free themes and templates to construct an appealing store to showcase your items
  • Built-in SEO tools and blogging platform to enhance your site traffic

8. Monetize Your Social Media

how-to-make-money-on-shopify-8

When thinking about how to generate income on Shopify, monetizing social media is a fantastic choice. In essence, you convert your social media following into a source of income, much like an affiliate program.

Shopify’s starter plan includes a special focus on social selling, which allows you to add “buy now” buttons to Facebook and Instagram posts.

It can be a huge opportunity to generate additional income if you, either personally or professionally, are seeing positive results from your social media marketing campaigns.

9. Offer Your Freelance Service

how-to-make-money-on-shopify-9

It's possible that you are currently earning money for what you excel at. However, creating a Shopify website might help your freelance business expand and appear more professional.

If you work as a freelance writer, designer, illustrator, etc., you can offer your services on Shopify as products and turn off shipping because they are not tangible goods.

10. Sell Print-On-Demand Products

We have already discussed how popular and lucrative print-on-demand products are to sell and profit from on Shopify. The fact that you won't have to pay for inventory is the main benefit of selling print-on-demand goods.

Thus, you won't need to store all those extra products and hold off on selling them.

Shopify has everything you need to make your print-on-demand sales profitable and simple. You can integrate with services from third parties that offer on-demand printing. In addition, you may use a variety of Shopify apps, like upselling and cross-selling ones, to boost your sales.

how-to-make-money-on-shopify-10

Several different product categories are available for print-on-demand:Mugs, Tshirts, Art prints, Stickers, Towels, Books,Accessories.

Another successful strategy that many store owners use to increase sales is the use of popups to gather email addresses or to present coupons and discounts.

The greatest available alternative for making a free popup with sophisticated targeting features is Popupsmart. A no-code tool, that is. As a result, you won't need any coding knowledge to use it in your store. Because it's not an app, your Shopify store will continue to load quickly.

Final words,

We have made an effort to explain how to monetize your Shopify store using the most popular techniques. I hope they motivate you and help you succeed in your endeavors.

Just keep in mind that developing a brand or a sustainable business takes time, expertise, and marketing. Before entering the e-commerce industry, make sure you have a solid company plan and marketing strategy.

Do you have another Shopify revenue stream in mind? Comment below and share with us.