The Global e-commerce market recorded sales of $3.5 Billion in 2019, and the dropshipping sales amounted to $132 Million in the same year. The dropship market is likely to reach $558 Million by 2025, since it is growing at a whopping rate of 28.8% every year.
Any entrepreneur who wants to start a product selling business, be it physical or online, he has to keep a lot of inventory in place to fulfill the orders and carry on the supply chain.
But if one cannot manage manufacturing, supply chains, and fulfillment, then dropshipping is the way out.
In this guide you will get a comprehensive understanding as to how to start dropshipping on Shopify?
What is Dropshipping?
Dropshipping is a business model in which you can set up an ecommerce store without having to keep any inventory of the products you sell. The products are sourced from a manufacturer, generally through an e-commerce platform. When your store sells an item, the order is sent to your supplier, who then ships it directly to the buyer.
A dropshipper buys a product only when he receives an order from a buyer. So you do not need to make any investment in any inventory.
You can sell any product in any quantity in any part of the world with dropshipping. It makes no difference whether you run the store from country A, the manufacturer supplies from country B, and the buyer is ordering from country C.
It is very easy to learn dropshipping business. To run a dropship store successfully, you only need a laptop, a good internet connection and an understanding of the working of the model. That’s it!
You can spend your valuable time and resources on growing your online store, and making more sales, rather than doing all the operational activities.
Why Should I Start Dropshipping?
Dropshipping business model provides a very good opportunity for entrepreneurs to start an ecommerce business with the comfort of their home, without the hassles of inventory, operations, market credit, rent, huge investment, staff, wastage and huge risk.
Since dropshipping works with very little up-front investment, any aspiring entrepreneur can take a chance to try this model as a business.
Why Shopify dropshipping?
There are a lot of ecommerce platforms in the market, but Shopify is the most popular ecommerce platform in current times. Shopify has more than 5 lakh websites currently on its portal and it’s still growing at a tremendous pace. This platform has hundreds of innate features, apps for every purpose, all kinds of themes, payment integrations, all kinds of connectivities and everything that could be required to run a successful ecommerce business.
Since Shopify is trusted by lakhs of entrepreneurs, its name signifies credibility and certainty.
Shopify is the most simple and easy platform you can use to create and run your store.
You don’t need any sort of technical knowledge to run a Shopify store. Shopify has made dropshippers’ life so easy and convenient that they literally get a store ready with all the features embedded in it without any hassle.
Some of the reasons to use Shopify are:
- All types of features – Shopify offers a host of features and solutions that let you create an ecommerce business. In addition to its online store builder, which enables you to design and set up your website, Shopify also has features to handle your sales, marketing, and payments.
- User-friendly – Shopify has a great user-friendly interface and it gives its visitors a very good experience with its simple-to-navigate websites. It does not confuse users even after having all types of features a website could have. It provides a complete guide on how to use the software effectively with all its benefits.
How to start dropshipping with Shopify?
Lets understand the answer to the most awaited question, “How to start dropshipping with shopify”.
The process of starting a Shopify store is as follows:
1. Find a niche
A niche store works way better than a general store. So the very first step is to find a niche for your store. A niche should be monetizable and should have enough number of unique products to be promoted.
2. Create a Shopify Account
Now create a shopify account with a username and password. It asks for your store’s name when signing up, which may not be necessarily your domain name. Please note that Shopify provides an inbuilt hosting for your website.
3. Purchase a domain
Next you need to buy a domain name related to your niche. You could either buy from Shopify or other domain name websites like Godaddy, Namecheap, Hostinger etc. If you purchase a domain name from a website other than Shopify then you will have to connect it to Shopify.
4. Optimize Shopify settings
Shopify console has various settings which are basic to every store. These need to be set for smooth functionality of the store. Few of these settings are:
- Mailing address
- Payment provider
- Billing information
- Shipping settings
- Store logo
- Required Shopify apps
5. Designing of store
It’s time to design the store to make it look good. For this select a theme from the options available and customize it according to your requirements.
6. Create pages
There are several types of pages which are necessary for an ecommerce store. These are essential to provide all the information about the store and also for legal purposes. They are listed as follows:
- About page
- Contact page
- Shipping & Returns
- Terms and conditions
7. Add products
Now find out some unique and interesting products from source websites like Aliexpress with thorough research. The products should be so unique that any user who takes a look at them should get mesmerized.
8. Product page
All the product pages should contain the following:
- A well-decided price
- Product images
- Product description
- Product variants
- Scarcity caption
- Shipping details
- Add To Cart button
- Product offer
- Product guarantee
- Frequently Bought Together products
9. Select a paid plan
Firstly, check all the SEO elements of the website. You need to select a Shopify plan from the different options it provides in order to launch the store for making it live.
10. Launch you Shopify store
Finally you can launch your store by removing the password required to see the store.
Any new store needs a good promotion to make it successful. You may promote it through different ways such as Facebook ads, Instagram ads, Google ads, Linkedin ads, Twitter ads, etc. The point is to attract maximum relevant visitors to the store website.
Finally you will start making sales in your store.
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Dropshipping is a massive opportunity for any entrepreneur who would like to develop an ecommerce store with very minimal investment and no inventory.
It’s very easy to start and requires no technical skill. It’s just a few steps process that any person from any background can perform easily.
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