In the digital age, the appeal of earning daily bread online has grown by leaps and bounds. And with its powerful features and functions, Shopify has become one of the best places for entrepreneurs to grow their businesses. But the question is, how to make money with Shopify?
Stay tuned to discover:
- Why Shopify is a great way to make money online
- 15 most reliable ways to make money with Shopify
Without further delay, let’s get moving!
Why Should You Make Money with Shopify?
If you ask yourself, “Is it hard to make money on Shopify?” or “Can I make money on Shopify?”, here are your answers. We have summarized all the reasons why making money with Shopify is totally worth it.
- Make eCommerce easier
Although being well-known for being one of the best eCommerce platforms to sell online in the market right now, Shopify doesn’t make it hard for e-merchants to master this software. With a user-friendly and intuitive user interface, it minimizes the struggles for those with no technical expertise to set up their own online stores.
- Build a robust ecosystem of apps
Despite its powerful built-in features, Shopify still comes with thousands of the best Shopify apps to further enhance your store functionality. From SEO optimization to reports & analytics, Shopify has its all.
Shopify App Store
- Offer various business models
Shopify works with many business models, from traditional retail to dropshipping, print-on-demand, subscription services, and more. This means that entrepreneurs can choose a business model that fits their skills, interests, and how the market moves. and you can business model canvas template to create your own business plan.
- Offer an all-in-one solution
You don’t have to learn how to assemble different software solutions with Shopify. Its package includes web hosting, domain registration, customizable templates, payment gateways, inventory management, etc. All you have to do is sign up for a new account, provide Shopify with your essential information, customize the storefront, and get straight to business.
- Support payment flexibility
Shopify provides integration with a wide range of payment gateways. Therefore, you can easily cater to your customers’ needs and give them several payment options.
On top of that, this platform also comes with a multi-currencies function that makes selling to across borders a piece of cake.
Shopify Payments
Besides, there are various reasons, such as scalability, design customization, mobile-responsive design, built-in marketing features, robust analytics, and insights, etc. that make Shopify one of the best ways for e-merchants to earn daily bread.
On another platform but still want to make money with Shopify? Migrate to Shopify today and grow your business beyond borders.
11 Reliable Ways to Make Money with Shopify
Shopify provides a diverse range of opportunities to monetize your online presence and create a sustainable source of income. Here are 11 tried-and-true ways to make money online with Shopify:
#1. Integrate online marketplaces to sell products
Successful brands start on online marketplaces because people are already looking for their products. Etsy sells handmade and vintage goods, while Amazon is where people worldwide shop and learn about products. Therefore, the first way to make money with Shopify is by integrating with other marketplaces and expanding your reach.
How to make money with Shopify Marketplace app
For example, you can sell your Shopify products on Amazon with the Shopify Amazon Integration. Indeed, you can start quickly because the seller is under less pressure to bring in traffic or build a brand.
| How long does it take to get started? | It takes about 2 hours to set up your account and add products. |
| How hard is it? | It depends on your product and how you run your business. |
| When is the first payout? | Depending on the marketplace, you can get your first payment anywhere from the next day to 14 days after making a sale. |
| What should you know? | Follow Etsy’s rules for what you can sell and how to use the site.Follow Amazon’s rules for sellers to be of a good standard. |
| What do you need? | In most markets, you must be at least 18.Teenage sellers between the ages of 13 and 18 can use Etsy with the help of a parent or guardian. |
#2. Make money with Shopify dropshipping
Dropshipping is a low-cost business model that sends products directly from the vendor or manufacturer to the customer. Because there’s no inventory or shipping, this is a popular way for beginners to make money with Shopify. Sellers only need to drive traffic and assist customers.
Recommended dropshipping apps
Don’t forget to check out our ultimate guide to Shopify dropshipping:
- MUST TRY! 15 Shopify Apps for Dropshipping
- Trending Products For Dropshipping: The Ultimate List For 2023
- How to boost your Shopify dropshipping business by using a cashback
| How long does it take to get started? | It takes a few hours to set up a store and find vendors. |
| How hard is it? | Medium effort in the beginning and low work to keep up. |
| When is the first payout? | It takes 5 days after selling a product to get paid on most platforms. |
| What should you know? | You can set up a Shopify store and use a free trial to see how it works.Find a reliable supplier for dropshipping is a must to ensure products’ quality and avoid scams. |
| What do you need? | Most online shopping sites require you to be 18 years old.Depending on the country and area, you may need licenses, permits, or certifications to buy some products. |
#3. Make money with Shopify affiliates
The other way to make money with Shopify is by sharing links from brands to promote their products on your website or social media accounts, or in other words, perform Shopify affiliate marketing. If someone clicks on your affiliate link and buys the product, you get a commission and credit. A good affiliate link content marketing plan can increase visits, clicks, and sales.
Make money with Shopify affiliate programs
| How long does it take to get started? | It takes a couple of hours to get started. |
| How hard is it? | Start with a medium level of effort and very little work to keep up. |
| When is the first payout? | It depends on how well your affiliate links do and what payment terms you set with the brands. |
| What should you know? | By signing up for Shopify Collabs, creators and influencers can connect with brands that offer affiliate programs.The Federal Trade Commission and most reputable affiliate programs require disclaimers. If you are getting paid to promote a product, you must tell your audience. |
| What do you need? | A website, a blog, or a presence on social media where you can talk about your products. |
#4. Develop a niche product or handmade thing
Most direct-to-consumer brands create innovative products that improve on popular items. You can use your unique skills and expertise to create niche products for specific audiences. For example, creators and artisans benefit from the handmade and custom goods market. Creators can sell these unique products worldwide on Shopify.
Hand-making things or customized orders, such as bespoke or one-of-a-kind, lets you control their quality and process, but it takes time. You can charge premium prices and build loyal customers by identifying market gaps and offering customized solutions.
Sell customized products
| How long does it take to get started? | It takes a few months to design, prototype, and start making the product. |
| How hard is it? | At first, it will take a lot of work. A medium effort is needed to keep up. |
| When is the first payout? | On most platforms, getting the money in your bank account can take about 5 days after selling a product. |
| What should you know? | If you make something in your own country, you have more control over the quality and how it will last, but it may cost you more.Carefully look into manufacturers to find the best one for your product and brand.Labeling laws are different in each place where you plan to sell. |
| What do you need? | Most online shopping sites require you to be 18 years old.You may need licenses, permits, or certifications to buy some products, depending on the country and area. |
#5. Sell digital products and downloads
Selling digital products is an easy, ongoing way to make money with Shopify. These include ebooks, design templates, music samples, plans, printables, software, and tutorials. They can be sent via postal mail or PDF.
Make money with Shopify apps
| How long does it take to get started? | It takes a couple of hours for the asset to be up and running online after it has been made. |
| How hard is it? | Medium to high, depending on the product and how well you can build a customer base. Then, low work to keep up. |
| When is the first payout? | On most platforms, you’ll have to wait about five days after selling a product to get paid. |
| What should you know? | When it comes to digital goods, there is no limit to how many times you can sell the same asset.If you want to license your product or use licensed materials, you should talk to an attorney or look up the laws about licensing. |
| What do you need? | An online platform for doing business.One of the apps in the Shopify App Store for digital delivery. |
#6. Offer consulting or freelance services
Most people sell physical goods online, but you can also sell intangibles. You could sell online personal shopping, decorating advice, or personal training.
Shopify works well for service-based businesses. Consultants, freelancers, and professionals can utilize their Shopify store to showcase their services and attract clients. Now you can start an online store and search the Shopify App Store for a live chat and appointment app.
| How long does it take to get started? | It takes several hours to set up and run a business. |
| How hard is it? | Hard effort in the beginning. You will need to keep working hard at this to build your client list, provide services, and keep up your website. |
| When is the first payout? | On most platforms, you’ll have to wait about five days after selling a service to get paid. |
| What should you know? | You should listen to what other people say about you. Ask satisfied customers to write or record reviews that you can post on your site. |
| What do you need? | A web page or an online store.Knowledge in a specific area. |
#7. Make online courses and workshops
You can also use your knowledge to make money with Shopify by creating digital products like online workshops and courses.
Sell online courses on Shopify
This is an excellent idea if you know much about a topic people want to learn more about. If you want to sell online courses on Shopify, Shopify’s robust features support the creation of comprehensive e-learning platforms.
| How long does it take to get started? | Writing, filming, and editing an online course can take weeks or months. |
| How hard is it? | At first, it will take a lot of work. Then, medium work to keep up. |
| When is the first payout? | When you get your first payment depends on your course and how the payment platform works. |
| What should you know? | Find out about your competitors. What can you offer that isn’t already available online?Use free content behind a password to build your customer list and show potential customers what you offer. |
| What do you need? | Audio and video gear, as well as software for editing.A place to sell and give out course materials. |
#8. Launch a podcast or audiobook
Podcasting could be a great way to make money with Shopify if you have a good voice, love talking, and have something exciting or talented to share.
Indeed, you can make money from your knowledge by selling podcast episodes or audiobooks for a fee through your Shopify store. As it grows, there are many ways to make money from your podcast:
- Deal with sponsors.
- Offer premium content.
- Run giveaways and give tips.
- Run ads in podcasts.
- Use an online store to sell things to fans.
| How long does it take to get started? | Each episode is between 9 and 14 hours, which includes editing. |
| How hard is it? | High level of work. |
| When is the first payout? | How you make money from your podcast affects how long it takes to get your first payment. |
| What should you know? | Once you have a following, they will want to see new episodes regularly to keep them interested.Getting people to follow you will take work and time. Listen to what people say, and make changes to the quality and content of your work based on what they say. |
| What do you need? | Equipment for recording audio, such as a professional microphone, and software for editing.A subscription to a podcast service like Apple Music, Spotify, or Stitcher. |
#9. Sell print-on-demand products
Print-on-demand (POD) lets you put your designs on white-label products without keeping stock. When a customer orders, a print-on-demand company will print your design on a product, fill the order, and ship the product to the customer.
You can make T-shirts, mugs, tote bags, and other fan gear with POD. This model lets you make custom products quickly, so it’s a low-risk, low-investment way to make extra money.
Recommended POD apps
| How long does it take to get started? | It takes a few hours. |
| How hard is it? | It is easy if you already have designs to upload. |
| When is the first payout? | On most platforms, you’ll have to wait about five days after selling a product to get paid. |
| What should you know? | After you set up your Shopify store, look through the many print-on-demand suppliers to compare prices, quality, and the products they offer. |
| What do you need? | Most online shopping sites require you to be 18 years old.You may need licenses, permits, or certifications to buy some products, depending on the country and area. |
#10. License your online photo
Photographers can make money from their work by letting other people use their photos with a license.
You can get paid quickly for your work by licensing it to stock sites like iStock. Once you’ve made a name for yourself in the stock business, you can start selling your photos as prints on a platform like Shopify.
| How long does it take to get started? | Getting started will take less than an hour if you already have photos. |
| How hard is it? | Low level of work. |
| When is the first payout? | How long it takes to get your first payment depends on the site you use to license your photos. |
| What should you know? | Before applying, find out what each stock photo site wants regarding subject matter and photo quality. |
| What do you need? | A camera and software for editing photos.A plan for an online store platform. |
#11. Monetize a blog
Did you know you can make money online with Shopify blogs? Many businesses use blogs to get people interested in their products. You can make money from a blog in some ways, such as by selling ads, using affiliate links, writing sponsored posts for a brand, or selling merch/custom products to audiences.
| How long does it take to get started? | A few hours |
| How hard is it? | Medium, but it will take a lot of work to keep up. |
| When is the first payout? | It depends on how you plan to make money from your site. |
| What should you know? | Blogging can be a low-cost way to start a small business, but making money can take a while.Use SEO techniques to get free traffic, and read up on other ways to make money with a blog. |
| What do you need? | A platform for blogs.You want to write about a hobby or skill you have. Think about a topic where you can offer a unique point of view and help readers. |
Make Money with Shopify – FAQs
How much does it cost to run a Shopify store?
There are three main plans for how much Shopify costs.
- Shopify Basic costs $29 per month.
- Shopify Plus costs $79 per month.
- Shopify Advanced costs $299 per month.
How much does the average Shopify store make per month?
Most Shopify store owners make between $500 and $5,000 a month. Even though some stores lose money each month and others make hundreds of thousands of dollars. Ultimately, it comes down to business sense, consumer trends, demand for the product, profit margin per sale, total sales, and the ability to fulfill orders.
Can I make money with Shopify dropshipping?
Yes, dropshipping can be a good way for merchants to make money with Shopify because they don’t have to worry about shipping or making the products. It’s a low-risk business model that doesn’t have huge costs like a wholesaler, and you can make a good profit with suitable suppliers.
How to sell on Shopify successfully?
The owner of a Shopify store needs to be committed, think strategically, keep learning, and be able to adapt to changing market trends for the store to be successful. Many entrepreneurs have had remarkable successes with Shopify, from making a lot of money on the side to running successful businesses full-time.
Final Words
Shopify’s rise to become the most popular eCommerce platform shows how it can be used to make money online. Using the platform’s tools, you can find many ways to make money with Shopify from your skills, products, and knowledge.
We hope our article on “How to make money with Shopify,” will give you some of Shopify’s features to create sustainable income streams, grow your brand presence, and start a path to online financial success.