Numerous good online store builders can assist you in setting up a dropshipping business. However, based on our use of all of them, Shopify remains the finest option for making money dropshipping profitably and successfully.
Is Shopify Dropshipping Legit?
Dropshipping on Shopify is completely legal. Established brands such as GymShark and FashionNova are currently using it. In addition, global eCommerce and dropshipping marketplaces like Alibaba, DHgate, and Banggood offer out-of-the-box Shopify connectivity.
How Profitable Is Shopify Dropshipping?
Dropshipping on Shopify isn’t dead, and it’s still highly profitable. According to an interview with CJDropshipping, Alexader and Andreas, proprietors of an online pet company, made $11 million in less than three years of dropshipping on Shopify.
Adam Greenspan, the owner of Wallplate Warehouse, is another example. This Shopify dropshipping store has been in business for over 16 years and generates $102,000 in monthly sales.
Take a look at these 8 dropshipping millionaire success stories for further proof and motivation.
Facts and figures about Shopify dropshipping
Consider the following facts and figures if you’re still not sure that Shopify is a good dropshipping platform.
Shopify paid $15 million, acquiring the dropshipping provider Oberlo in 2017.
Oberlo has helped retailers sell over 85 million products at the time. Shopify was able to maintain a competitive position against competitors such as Wix, WooCommerce, BigCommerce, Magento, and Ecwid due to this acquisition.
Shopify is currently the world’s fastest-growing eCommerce platform. It is the third-largest internet retailer in the United States, behind Amazon and eBay.
According to ShopGram, 12.82 percent of Shopify stores sell at least one dropshipping product, with dropshipping accounting for 7.10 percent of all goods sold on the platform.
Pros Of Shopify That Make It Good For Dropshipping
Here are some of Shopify’s advantages that make it a strong dropshipping platform.
- Fast Setup: Shopify has taken care of everything behind the scenes. As a result, you can practically set up a dropshipping store and begin selling within a few hours or days.
- More than 100 customizable themes in various dropshipping categories are available on the site, allowing you to construct an elegant and unique store easily. It’s also feasible to switch themes without losing any of your data.
- Great Apps: The Shopify App Store has over 4200 third-party apps to enable you easily expand your store’s capabilities. There are at least 400 programs that allow dropshipping explicitly, ranging from product importing to automated fulfillment, sourcing, print-on-demand, and marketing and branding.
- With just a few clicks, you can add products, manage orders, set up shipping rates, create discount codes, update themes, generate legal pages, customize checkout pages, and install apps.
- Good Performance: Shopify dropshipping stores load quickly, even on high-traffic days like Black Friday or Cyber Monday, when thousands of people come simultaneously.
- Availability at all times: Even during peak seasons, Shopify maintains a 99.99 percent uptime for all stores.
- Good Security: SSL certificates are automatically generated for all Shopify sites, encrypting all customer data and publishing it securely over HTTPS rather than HTTP. This enhances conversion rates by making customers feel more confident while purchasing from your dropshipping store.
- Easily Scale: All Shopify subscriptions come with unlimited bandwidth and an unlimited number of orders.
- Multiple Currencies & Languages: Using built-in tools or third-party apps, you may display your Shopify dropshipping business in a variety of currencies and languages.
- Multiple Payment Gateways: Shopify Payments and 100+ other payment providers can handle every payment method your consumers use, including Visa, Mastercard, American Express, Discover, Apple Pay, Google Pay, Paypal, and direct bank transfers.
- Automatic Tax Rates: Shopify’s tax system is robust enough to handle the most common sales tax calculations.
- Shopify includes strong built-in reporting and analytics for traffic, revenue, and conversion rates, among other things. It also allows you to set up Google Analytics and Facebook Pixel tracking.
- Automated notifications, email marketing, SMS marketing, sales channels (Buy Button, Google Shopping, Facebook Shop, Facebook Messenger, Instagram Shopping, Amazon, Handshake, and wholesale channel), and POS are advanced marketing and advertising features.
- Good SEO Features: Meta titles, Meta descriptions, custom URLs, image alt text, mobile-friendly pages, 301 redirections, sitemaps, and other fundamental SEO features are all covered by Shopify.
- If you have a team of people working on your dropshipping store, you may assign certain roles and restrict their access to certain locations.
- Integrate with the most well-known dropshipping providers: Third-party apps like AliExpress, Alibaba, DHgate, Banggood, Spocket, and Modalyst can help you easily connect with reputable and well-known suppliers.
- Shopify Learning and Oberlo Learning offer fully free Shopify dropshipping courses, lessons, and advice from some of the industry’s top minds. There are also numerous YouTube tutorials and blogs, such as ours, that provide full instructions on launching a thriving Shopify dropshipping business.
- Big Communities: If you get stuck, you may easily locate Shopify dropshipping Facebook groups, Reddit communities, and online forums to ask any questions.
- Having the Ability to Sell Your Store: Even if you fail, you may sell your dropshipping store on Shopify’s Exchange Marketplace to recoup some of your investment.
- Dropshipping Isn’t Just For Dropshippers: You don’t have to utilize Shopify if you don’t want to dropship. It offers all the tools and software you’ll need to develop a flexible blog, a portfolio, sell digital products, or even run a large restaurant.
How Much Does Shopify Dropshipping Cost?
Shopify’s minimal subscription cost is another reason why it’s a good and successful dropshipping platform.
Shopify offers three subscription plans: Basic ($29/month), Standard ($79/month), and Advanced ($299/month). The larger the plan, the more staff accounts you’ll have and the greater reductions you’ll get on transaction fees or credit card rates.
However, for most dropshippers, the $29/month plan is sufficient to launch a full-fledged drop shipping operation that can scale up to meet future business needs.
Furthermore, you may try Shopify for 14 days for free, with no credit card necessary. When you’re just getting started with dropshipping, this helps you save even more money.
The next expense is purchasing a domain name and a personalized business email, which cost around $20 each year.
You might also wish to add some third-party apps to your store’s capabilities.
However, the majority of them have free alternatives. As a result, we wouldn’t include them in this list.
Starting dropshipping on Shopify costs less than $50 in total. The Basic Shopify plan, a domain name, and a custom company email are all included in this cost.
Note that variable costs (such as promoting dropshipping products and completing orders) are not included because profits can always be reinvested.
How Hard Is Shopify Dropshipping?
Dropshipping with Shopify isn’t difficult, but it’s also not a get-rich-quick scam.
Although no particular talents are required to get started, you will need to put in the time and effort to learn how to develop a high-converting Shopify site, research successful dropshipping products, market, advertise, and brand yourself to compete in the market.
According to most of the success stories we’ve heard, it takes 3 months on average to turn a profit and at least 2-3 years to make big money dropshipping on Shopify (e.g., making six figures per year).
For example, after paying $500-$800 on marketing, Harry Coleman, a hugely successful Shopify dropshipper, made his first transaction. He eventually reached the $1,000/day milestone after a year of hard work on his store.
Shri Kanase, a young entrepreneur, has a similar story. Seventeen days after starting his third Shopify dropshipping store, he made his first sale.
Are Shopify Alternatives Better For Dropshipping?
Let’s look at some of the most popular dropshipping platforms and see how they stack up against Shopify.
- WooCommerce: The success of WooCommerce is due to the extensive use of WordPress. This platform gives you greater design freedom and customization possibilities than Shopify. It is, however, more difficult to use and does not provide as many out-of-the-box sales capabilities as Shopify.
- Squarespace: When it comes to built-in tools, Squarespace takes the cake. On the other hand, Shopify has the upper hand when it comes to third-party connectivity and is better suited for large dropshipping enterprises.
- Wix: Wix, like Squarespace, provides a lot of built-in features and excellent SEO capabilities. On the other hand, the Wix App Market does not have nearly as many apps that allow dropshipping as its competitor.
- BigCommerce: BigCommerce includes robust sales and analytics capabilities. Some of them are even more sophisticated than Shopify’s. Still, the platform’s lack of themes and apps makes it less suitable for dropshipping than Shopify.
- Magento: This platform is designed for enterprise-level dropshipping companies that place a premium on performance and security. Magento, on the other hand, is quite pricey, costing roughly $1988.00 each month.
- Ecwid: Ecwid allows you to start a dropshipping business for free. Its strength comes from the fact that it can be incorporated into any other website. However, when compared to Shopify, it still lacks numerous dropshipping functionalities.
In light of the preceding, Shopify is unquestionably good and profitable for dropshipping. It’s cheap, simple to use, has a lot of sales and marketing tools, and has excellent performance and security right out of the box. Furthermore, Shopify has a plethora of third-party apps to meet any of your drop shipping requirements.
All that’s left for you to do now is devote time and effort to understanding the ins and outs of dropshipping as well as the best practices for establishing a profitable and long-term business.