You want to start dropshipping, but your budget is very tight? Do not worry, here you can learn how to open a dropshipping store on Shopify with spending very little money.
Dropshipping – what’s that and how it works
Dropshipping is a very popular eCommerce business. What makes it very appealing is the fact that you do not need a warehouse or storage of any kind to sell the products. Nothing is kept in stock, but when customers order, you pass that order to your supplier and they ship it to the customer. You do not see the product at all! This cuts down the cost of keeping items in stock, as well as lowers the need for a great initial capital.
What do I need to pay for?
Your store’s website needs hosting, and probably the best host for dropshipping is Shopify. It provides three different plans starting with 29$ all the way up to 299$. Do not get frightened by the numbers because Shopify gives 14 days of free trial. All these plans are not a lifetime commitment so you can cancel your subscription before paying for the next month.
Some drop shippers claim that you can start with 0$, which is probably possible, but the more realistic budget for faster order processing is between 50$ and 75$. That way you do not need to wait for money your customers had paid to be visible on your bank account to place an order from your supplier.
Ads and marketing
Another expanse for your shop can be marketing. This does not necessarily have to be the burden for your wallet, but it is important that you advertise your store in some way. A very popular and effective way to advertise your online business is email marketing, that, more than your money, needs creativeness and value.
Shopify plug-ins can also have plans that include a monthly fee. However, many plug-in apps provide free plans, like, Reviify, AliExpress review importer. It has one free basic plan and two plans with a monthly fee, GROW and PRO. It is a plug-in that helps you boost your social proof that establishes trust among customers.
You can see now, that a great capital is not necessary for starting a dropshipping business. What you need more than money is a lot of knowledge, research and passion.
Setting your store up
Now that you’ve chosen Shopify to host your shop, you need to decide on what you are going to sell. Wise product and niche choices are crucial for a profitable shop, accompanied by a good choice of supplier.
Finding a niche market
Even though you can sell one product only, or a random bunch of products, the best way to make money with dropshipping is to choose a niche. Niche is a specific group of related items, for example Women Swimwear. This allows you to really get to know the products you are selling and their buyers.
Building social proof
As you have seen, a great initial capital is not very important for starting a dropshipping business, but after that worry is gone you have to focus on building your store. Even if you did have a budget of 500$ or more, that is not a guarantee for success in dropshipping. One of the most important factors for eCommerce of any kind is to have trusting customers. Your customers cannot see, feel or try your products before buying them therefore they need something that will make them believe that your products are what they need. Best way to achieve this is by displaying reviews on your product pages. Sounds great, right? Problem is when you are new, or you are implementing a product, there are no customers to leave testimonials. To grab those reviews right away, use AliExpress review importer, Reviify. But for the sole importing of the reviews, Reviify also provides different settings and options to make the best out of your reviews, like skip the negative ones!
You see, no need to worry. Money is not crucial for starting a dropshipping business. Be sure to be well informed and to do your research about the needs, behavior and preferences of potential customers, because that is what gets the dropshipping store going.