Are you looking for a way to make money through your Shopify store? If yes then we are here to help you to make aware about the 10 best ways to make money on Shopify.
Here are the 10 best ways that Shopify owners are using to make money in 2024.
How to Make Money on Shopify 10 Proven Ways
#1 Dropshipping
Dropshipping is a retail fulfillment method where a store doesn't keep the products it sells in stock. Instead, when a store sells a product, it purchases the item from a third party and has it shipped directly to the customer.
It means you partner with a dropshipping supplier to manage inventory and fulfillment without holding any stock yourself.
Dropshipping is the best way to make money on Shopify. Shopify is the third most popular dropshipping platform. In the USA 62.8% of all dropshipping stores are using Shopify.
Dropshipping has gained popularity due to its low barrier to entry and flexibility, allowing entrepreneurs to start e-commerce businesses without needing substantial capital or storage space.
Hire Shopify dropshipping expert for fully fuctional dropshipping store.
#2 Developing Shopify Apps or Themes
If you have development and coding skills then you can use it to develop Shopify App and Themes, list them on the Shopify app or theme store and make money by selling them at the price you want.
So leverage your technical skills to create apps or themes for the Shopify ecosystem, catering to the needs of Shopify business owners.
#3 Shopify Affiliate Marketing
The third way in our list is, you can start Shopify affiliate marketing. Earn commissions by referring others to Shopify, particularly effective for content creators, course educators, or influencers with an established audience.
In other ways you can join Shopify affiliate programs and earn money by referring to Shopify through your social media, YouTube channel, and other platforms where you are catering your audience.
#4 Influencer Sales
If you are a social media influencer then you can utilize your social media presence to sell goods and services through Shopify, regardless of your follower count. This is one of the best ways to make millions of dollars by just influencing people to buy products.
#5 Flipping Shopify Stores
Flipping Shopify stores involves buying existing e-commerce businesses on the Shopify platform, improving them, and then selling them for a profit. It's like finding a diamond in the rough, polishing it up, and selling it for more than you bought it for.
So, for this you need enough knowledge of Shopify platform customization and development.
This process typically includes finding online stores that aren't reaching their full potential, making smart changes such as improving marketing tactics or enhancing the website design, and then selling the businesses at a higher price.
Buy established online stores, optimize and improve them, then resell for profit, leveraging platforms like Empire Flippers.
#6 Print on Demand
Print on demand (POD) is a business model where products are made only after they're ordered. This means no inventory and no upfront costs for sellers. It's great for artists and entrepreneurs who want to sell custom-designed merchandise without worrying about storing or producing items in advance. With POD, you can offer a variety of products and designs to niche markets easily.
Shopify has a number of third party POD apps including Zendrop, AutoDS, and Printify that offer print on demand services. You only need to install apps, add inventory and start taking orders.
#7 Online Expansion for Local Businesses
If you have online marketing skills like SEO, Meta Ads, and Google Ads then you can offer online expansion for local business by taking local businesses online to reach a broader audience, whether selling physical goods or services like therapy or music lessons.
#8 Handmade Goods
If you have a talent for craftsmanship then you can create and sell handmade products, such as pottery, jewelry, or art, tapping into passion and authenticity on Shopify.
#9 Vintage and Antique Items
You can curate and sell unique vintage or antique items, capitalizing on trends and exclusivity, possibly with limited product drops.
#10 Men's Grooming Products
Enter the growing industry of men's grooming by offering products like beard oils, shaving creams, and skincare items, targeting a specific market niche.
These methods offer various opportunities for individuals like you to build successful businesses on Shopify, catering to different interests, skills, and market demands.
Also read: Ultimate Guide to Succeeding with Shopify Dropshipping 7 Useful Tips