How to earn money on Shopify - The Ultimate Guide

Introduction

Every Year, thousands of e-commerce stores are launched globally. Due to its popularity in online shopping, Shopify has emerged as one of the dominant markets leaving all the other markets behind.

Shopify owns 32% of the e-commerce platform making it among the top 5 e-commerce platforms in the world. Brands like Allbirds and Gymshark rake over $200 million in yearly revenue through their Shopify e-commerce store. 

However, launching an e-commerce store is only one of the numerous ways to earn money using Shopify. If you are good in areas such as photography, social media, or writing, there are several other methods through which you can sell services and make money through Shopify.

Currently, Shopify has grown to become massive, and there are countless opportunities for new business people due to its existence. If you have been searching for new business ideas on how to make money online using Shopify, we have got you all sorted.

Following are the ways how you can make money using Shopify:

1. Start a Shopify eCommerce store

Undoubtedly, Selling on an online store developed using Shopify is the best business idea. Believe it or not, it can be done very quickly. Pure coincidences are not the reason that shopify was able to triple the amount of stores that connected on its platform in 2020 during the pandemic.

This e-commerce platform makes it fairly simple for first-time business people to develop an online store and nurture their brand-new e-commerce outlet. This platform has all the right tools in place to help you:

. List new products

. Add images to the gallery

. Optimize your product pages for search

. Add vendors

. Track inventory

However, it does cost some money to build and maintain a shopify store online. Here are a few things that you would consider in terms of investment:

1. Shopify monthly subscription fee

2. Domain name and hosting

3. Website design

4. Products

5. Marketing and advertising

6. Transaction fees

 

2. Buy an Existing Shopify store

If you don't want to go through the hassle of starting a shopify store from the ground up, that's perfectly fine, instead you can buy an existing store on different marketplaces like Flippa and Empire Flippers.

It is estimated that there are between 12-24 million eCommerce stores globally, many of them in shopify. It is now up to you to buy the right store from the right person.

Before buying a running shopify store here are a few important things you should be careful about:

> The stores market value

> Reasons for selling

> Non-compete clauses

> Other legal standings

We recommend you also thoroughly review their CRM data, ongoing marketing campaigns, and integrations and request a transfer of ownership during the sales negotiations.

3. Become a Shopify Affiliate Marketer

Many e-commerce businesses use affiliate marketing to market their platforms and products to new audiences. In return, the marketer receives a specific amount of commission for every sale they make through their website or any other platform.

Shopify also has an affiliate program for aspiring entrepreneurs, educators, content creators, and social media influencers. Affiliates can promote products or any other things on shopify to earn commission in return for every sale they make. It's free to join an affiliate marketing program, but shopify does have specific criteria for who qualifies as an affiliate marketer.

4. Sell Digital Products:

Fashionable products and kitchenware are not the only products that are profitable in shopify instead there are hundreds of more products through which you can earn a decent amount of money online.

If you are a prolific content creator, you can monetize your skills to earn steady revenue from shopify. The content you create includes digital products such as:

> E-Books

> Online courses

> AI-generated portraits

> Printables like calendars and stickers, etc.

Basically, it can be any product that buyers can download to use. You can use Shopify's digital downloads app to upload your original digital product to your online store and share a link to download with people when they buy the product.

5. Start a fashion brand

Shopify is a golden place for people who are interested in selling fashionable products like clothes, accessories household decor, etc. Most of the e-commerce brands that are most profitable in the shopify platform are fashion, clothing, and accessories brands. Brands like Allbirds, bombas, and Kith make upwards of $100 million in yearly revenue through their fashion-related shopify stores.

Shopify has a global presence, a baked-in ads network to market your products, its home grown fulfillment network, and many other opportunities to help you grow your business.