Key Tips for Dropshipping with Shopify
Dropshipping is a unique business model that involves low risk and high rewards.
But what is dropshipping?
It is where the online retailer sells its products without any inventory. Instead of stocking up orders for the future, it takes the customer’s orders and shipment details and sends them to a third-party supplier or manufacturer. The manufacturer or third-party supplier then ships the items directly to the customer.
Guess who makes dropshipping most accessible for business owners? It’s Shopify!
The global dropshipping market is expected to grow at a CAGR of 28.8% from 2021 to 2026 and is projected to reach $557.9 billion in 2024. With such massive growth, it’s no wonder more entrepreneurs are entering the dropshipping world.
Therefore, in this blog, we examine the different aspects of Shopify to help you understand the platform’s possibilities. In the following sections, we learn more about dropshipping with Shopify.
How to Start Dropshipping on Shopify?
Are you ready to start your Shopify development? Grab your laptop, and let’s get going. Here’s a detailed step-by-step guide:
Step 1: Sign Up and Dive In
Head to Shopify’s website and sign up for a plan. You’ll get 14 days free to start without any immediate investment. For entrepreneurs establishing a dropshipping business based in Singapore, registering your business with acra singapore is essential to ensure compliance with local regulations.
Step 2: Pick Up Your Favorable Niche
Have you considered what you’ll be selling on Shopify? If not, focus on a niche with potential demand, like eco-friendly products or fitness gear.
Step 3: Find Your Drop Shipping Supplier
You can use apps like Oberlo and Dsers, which integrate with AliExpress, to find the products you want to sell. You can connect to suppliers and manufacturers handling your products’ supply, storage, and shipping. You can also use Shopify dropshipping apps like CJdropshipping, AutoDs, and Zendrop to boost your Shopify store.
Step 4: Import Products to Your Shopify Store
Once you’ve selected your products, import them into your Shopify store using the dropshipping app. You can customize your product titles and add charming descriptions, which is crucial in attracting your target customers.
Step 5: Time to Set Up Your Store
Shopify dropshipping store development is where you can show maximum creativity. Use the different themes available in Shopify to create a visually appealing and user-friendly store. Don’t forget to add the essentials: About, Contact, and Shipping Information.
Step 6: Set Prices and Payment Methods
Once your store is set, it’s time to set the prices. Make sure you leave some room for profit while keeping things irresistible. Use Shopify’s built-in features to accept PayPal, Stripe, or credit cards.
Step 7: Launch That Business
It’s showtime now! Launch your store and drive traffic with tools like social media marketing, influencer partnerships, giveaways, or paid Facebook or Google Ad Space ads.
Step 8: Run the Business Successfully
When your customers buy your products, your supplier receives the order and ships it to the customer. You don’t have to do anything but move your mouse and watch the sales roll in. To gain their trust, emphasize customer service and treat them with respect.
5 Tips That Will Help Build A Successful Shopify Business
Setting up the store and launching it is not enough! You have to make a strong presence in this competitive market. Here are some actionable tips that guarantee results.
#1 Find A Profitable Niche
Choosing a proper niche will strongly impact the success of your dropshipping business. Hence, it takes time to make the right choice. According to Statista, the most profitable eCommerce niches are health and beauty, pet products, fitness gear, sustainable and eco-friendly products, home decor, and furniture.
Tip: Avoid overly competitive niches like electronics unless you have a unique angle. Get innovative and see your business thrive.
#2 Partner With Reliable Suppliers
Since the major part of your dropshipping business depends on suppliers and manufacturers, they can make or break it! Choose trustworthy suppliers to avoid late shipments, defective products, or customer complaints. Shopify integrates with several top dropshipping suppliers, like Oberlo, AliExpress, and Spocket, but it’s important to do thorough vetting before committing.
Tip: Look for suppliers that offer fast shipping times, ideally between 7 and 15 days, quality control, and positive reviews.
#3 Optimize Your Shopify Store For Conversions
Your Shopify store needs to sparkle to steal the spotlight. A slow, clunky website will lower your conversion rates. According to Shopify, conversion rates for eCommerce stores typically hover between 1-2%, but stores optimized for user experience can see rates as high as 3-5%.
The main elements on which you must focus include:
- Fast Loading Times: Google found that 53% of mobile users abandon a site that takes longer than 3 seconds to load.
- Mobile-Friendly Design: In 2024, 54.8% of eCommerce traffic will come from mobile devices, so your store must be responsive.
- Clear Call-to-Actions (CTAs): Make your CTAs, such as “Shop Now” or “Buy Today,” prominent and actionable.
#4 Work on Effective Marketing Strategies
You must know that dropshipping is highly competitive, so effective marketing is the key. Imagine an influencer with around 50k followers posts and rates your products. The number of sales will increase in no time. That is the power of visibility and reach.
There are various ways to achieve it like-
- Targeted Facebook Ads
With Facebook ads, you can create highly targeted campaigns based on user interests, demographics, and behaviors. This enables you to reach out to niche audiences.
- Influencer Marketing
As we mentioned before, influencer marketing quickly helps your product gain reach and visibility. It is also a more cost-effective approach to reaching a dedicated audience. On average, brands pay $5.20 for every $1 spent on influencer marketing.
#5 Don’t Compromise With Customer Support
People love great customer service, and statistics show that 89% of customers are more likely to make another purchase after a positive customer service experience. So, you can not mess this up!
Shopify Partner can help you to integrate tools like Zendesk or Shopify Ping to help your customers in moments of urgency. The key ingredients of great customer support are live chat and transparent shipping and return policies. So work on them.
Still confused about the possibilities of a Shopify store? Let our Shopify app development experts contact you and give you the best of your entrepreneurship journey today!