Starting a dropshipping business is a great way to make money online. You can run your business from anywhere in the world, and you don’t need to invest a lot of money to get started. Dropshipping is a type of ecommerce business where you sell products without carrying any inventory.
When a customer places an order on your store, you simply contact your supplier and they ship the products directly to your customer. Dropshipping businesses are easy to set up and manage, and there are several platforms you can use to run your store. Shopify is one of the most popular ecommerce platforms, and it’s perfect for dropshippers.
How Much Does It Cost to Dropship on Shopify?
There’s no one-size-fits-all answer to this question, as the cost of starting a Shopify dropshipping business will vary depending on a number of factors. However, we can give you some ballpark figures to help you budget for your new business.
To get started with Shopify, you’ll need to sign up for a subscription. Shopify offers three different subscription plans: Basic Shopify, Shopify, and Advanced Shopify. The Basic Shopify plan starts at $29 per month, while the Shopify and Advanced Shopify plans start at $79 and $299 per month, respectively. In addition to your monthly subscription fee, you’ll also need to pay for things like your domain name (if you don’t already have one), hosting, apps, and other tools and resources.
These costs can add up, but thankfully there are plenty of free and low-cost options available. Once you’ve got everything set up, the only other ongoing cost you’ll need to consider is the cost of goods sold (COGS). This is the amount you’ll need to pay your supplier for each product that you sell. COGS will vary depending on the type of product you’re selling and where you’re sourcing it from.
Assuming you’re starting with a small budget, we recommend going with the Basic Shopify plan and using free or low-cost apps, resources, and tools. This should help keep your start-up costs down so that you can reinvest more into marketing and scaling your business.
With this approach, we estimate that it would cost around $500-$1,000 to get started with dropshipping on Shopify. Of course, this is just an estimate – your actual costs may be higher or lower depending on a number of factors.
Conclusion
Dropshipping is a great way to start an online business with little upfront investment. While there are costs associated with setting up and running a dropshipping business – such as your monthly Shopify subscription and the cost of goods sold – there are plenty of free or low-cost options available to help keep start-up costs down.
To get started, you will need to pay for a Shopify subscription. The Basic Shopify plan starts at $29 per month, and the Shopify plan starts at $79 per month. You will also need to pay for a domain name (which can be as little as $14 per year) and for any apps or themes you use.
Dropshipping suppliers will also charge you for their products. Most suppliers have minimum order requirements, so you will need to purchase at least a few products to get started. Prices vary depending on the supplier and the product, but you can expect to pay around $5-$10 per product on average.
Finally, you will need to pay for shipping. Shipping costs vary depending on the size and weight of the products you are shipping, as well as your location. For example, shipping a small item from China to the US can cost around $5, while shipping a larger item can cost $10 or more.
