Dropshipping is a great way to earn money from home: low setup costs, no capital for inventory, and unlimited income potential make it an attractive business.
It does, however, take some time and organization to set up and run your dropshipping business. You need to be able to negotiate with suppliers, respond to customers, and place orders if you want to be successful.
When you set up your dropshipping business, consider using some Shopify apps to help manage your time and make sure you’re responding to customer orders and queries in good time.
Keep reading to find out how to minimize your time and maximize revenue with Shopify apps for your dropshipping business.
Make Money From Home With Dropshipping
What is Dropshipping?
Dropshipping is where you sell a product but don’t physically hold the item in stock. Instead, once a customer orders from you, you then place the same order with the wholesaler. They’ll package and send the product directly to your customer.
How Does Dropshipping Work?
It’s easy: you advertise products online on social media and on your eCommerce website, and wait for a customer order.
When an order is placed, you pass that information on to the wholesaler. If there are multiple products in one customer order, you may need to contact a few suppliers.
You handle the customer service side of things: emails to let them know their items have been shipped, follow-up communication to make sure they’re happy with their product, and handling any queries. The wholesalers do everything else.
How Do I Make Money With Dropshipping?
You negotiate with wholesale suppliers on a product price which is much lower than the retail price. You then add on your shipping rates and profit margin to this amount, and that’s what you sell it for.
It’s really as easy as it sounds!
Setting up a dropshipping business doesn’t take very long, but it takes a little bit more time to establish regular sales. Remember to allow time to build up your social media marketing strategy and you’ll see sales start to increase.
After a while, you can easily earn a full-time income by dropshipping via Shopify without having to work a full-time week!
Create Your Dropshipping Business With Shopify
Shopify is one of the best ways to set up your dropshipping business as you can do everything including claim your domain, create a website, and take payments for orders from one place.
It only takes a few steps to set up a dropshipping business with Shopify:
1. Select Your 14-Day Free Shopify Trial
Make sure Shopify is right for you by choosing the free trial to get started. You don’t need a credit card so it’s entirely risk-free to try.
There are costs to using Shopify over time, but this is the case for any website hosting and payment service. It’s easy to handle your finances if your service costs are all bundled together in one payment!
2. Register a Domain Name
Check that the domain name you want is available using Shopify’s quick domain tool. It’s best to have a few backup ideas for the name you want in case your first choice is taken.
3. Build Your Store
Start building your online store straight away. Add products, manage inventory, and add as many categories and pages as you like.
If you want to start making money from home straight away, start small with the most popular dropshipping products. You can always add to your product line as your business grows and you have an established income stream.
Best Shopify Apps for Dropshipping Business Owners
Now your online store is set up, it’s time to start selling your products. You could do this all manually, or you could look at the best free Shopify apps to help save you time and maximize sales potential.
1. Mailchimp for Shopify
Mailchimp is a very popular email campaign provider. It lets you create amazing emails to send to your customers and you can use it for free or upgrade your plan depending on how many people are on your subscriber list.
Integrate your Mailchimp account with your Shopify site to create a really personalized buying experience for your customer. You can instantly capture new customer details, and send targeted email campaigns to really drive sales.
2. Product Reviews
Add the Product Reviews app to help boost sales of your products. This free app lets your customers review products on your website so that potential buyers can see what real people think of the item.
Word-of-mouth referral is the strongest conversion tactic for any sales funnel, so this is an essential app for your Shopify dropshipping business.
3. Google Shopping
Supercharge your audience reach by connecting your Shopify website with Google Shopping. Register as a merchant and integrate this app with your website to see your products come up in the ‘Shopping’ tab with sponsored ads.
A new app for Shopify dropshipping businesses, the Yakkyofy app is essential to anyone who wants to get the best prices from their suppliers.
This app can scrape products together from popular wholesale sites Alibaba and AliExpress to gain quotes that are up to 50% lower than usual. You can set price rules to make sure prices displayed on your website make the best possible profit, and even print branded labels for your dropshipped products.
5. Social Media Stream
Bring all of your social media channels to the attention of your customers with Social Media Stream.
This app showcases your social media feeds on your Shopify website. Your customers will be able to follow your social media accounts easily from your online store so that you don’t have to spend a lot of time on building your social media following outside of your site.
6. Countdown Cart
Create a sense of urgency in customers browsing your store with Countdown Cart. This free Shopify app lists a countdown timer next to product deals so that your potential buyers are more likely to make an immediate purchase decision.
If people think they might miss out on a deal, they’re more likely to make an impulse buy, so this is a great app if you’re planning to run regular product promotions and deals.
How to Maximize Your Dropshipping Revenue
Now you know which Shopify apps you need to boost your dropshipping business it’s time to learn how to boost your revenue.
Check out this guide to marketing your dropshipping business and see your sales increase daily!
Do you want a reliable supplier for your dropshipping business? Choose Yakkyofy!