Is Shopify Dropshipping Profitable in 2022?

Reading this article means you probably must have heard of Shopify. And you’d agree that Shopify can be a profitable online business venture and a great way to start making money online. There are tens of thousands of retailers making Shopify dropshipping profits. But the question is, are you among those making Shopify dropshipping profits? If yes, no knowledge is a waste. But if no, then in this guide, you can learn step-by-step on Shopify dropshipping and its profits.

A lot of retailers are jumping into the Shopify dropshipping bang wagon without first considering a lot of factors that can impact a Shopify store, some of which are the products, shipping, marketing, refunds, and so on. Like any other business, Shopify dropshipping requires patience, persistence, hard work, and organization to make profits off it. Mind you, this is not a get-rich-quick scheme. However, with the right knowledge and skills, who knows? Your dropshipping success story might just be the next. 

Summary On Dropshipping And Its Enormous Benefits

Before showing you how to build profitable Shopify dropshipping business in 90 days, let us first talk about dropshipping in general and its profits. Dropshipping is simply a method of fulfillment that has the potential to be profitable. For beginners, online shopping continues to gain more daily popularity. Dropshipping is when you (a business) sell a product to a customer (or another business) using a third party to stock an inventory and ship your orders. In this business model, the business that makes the sale to the consumer does not directly ship the goods that were purchased. Rather, the goods are shipped directly by the brand, manufacturer, and supplier. There are many advantages to this business model but the most obvious benefit is that the dropship business owner channels his/her efforts into selling, marketing, customer relationship, logistics, and so on without investing time and money on inventory management or focus on the supply chain.

Shopify Dropshipping Profits

The traditional eCommerce requires you to make inventory investments upfront, so this keeps your products always available. The problem with this business model is that it requires a lot of capital and risk to get started. However, the dropshipping business model requires lesser capital as there are no inventory or warehouse investments. There are hundreds of platforms to make money online but Shopify is an ideal platform to make money off dropshipping – which is why we call it Shopify dropshipping. Shopify welcomes those who want to dropship full-time and those who have some special products to offer. 

Many individuals and online businesses have recorded sales worth millions via Shopify dropshipping. If you don’t know how to get started, here is how you can build profitable Shopify dropshipping business in 90 days.

1. Choose the right product – the right products will promote your store faster
2. Promote these products to the right audience – promoting your products to targeted audiences that have an interest will drive more sales
3. Learn to set competitive price – be aware that you are not the only one selling a particular product so you want to learn about Shopify dropshipping profit margin to help set the perfect price
4. Be trustable – when publishing your products, make sure the images and descriptions depict what you sell. Never attempt to mislead your audience with a false product description
5. Offer impeccable customer service – customers always want to be treated like kings and queens so you must ensure to satisfy them with quick responses, quality products, among others
6. Faster shipping time – customers hate delay, so providing faster shipping time will help your business progress faster

Is Shopify Dropshipping Profitable? 

Yes, Shopify dropshipping is profitable depending on the type of dropshipping model you choose. There are two types of dropshipping namely:

1. Low ticket dropshipping
2. High ticket dropshipping

1. Low ticket dropshipping

Low ticket dropshipping allows you to create a Shopify store, upload a wide range of products from a trusted supplier [for instance, AliExpress], and advertise on social media before you start making money. However, the problem with this type of dropshipping is that it requires a lot of time and money investment and by the end of the day, after removing the cost for paid advertising, you’ll account for only a few bucks. Also, shipping time on AliExpress takes too long which you must avoid if you want to be a successful retailer. Not to say low ticket dropshipping doesn’t work, it does but the profit margin is too low compared to the work, money, and time invested therein. I do not recommend this if you want to build a sustainable dropshipping business.

2. High ticket dropshipping

High ticket dropshipping involves the same procedure as with low ticket dropshipping only in this case, you will partner with brands or distributors that sell heavy products or expensive items that can be dropshipped. After adding their products to your Shopify store, you can find out high-ranking keywords for each product and start to advertise using Google Ads. As you advertise, only interested buyers [people with high buying intent] will be attracted to your ads allowing you to create more evergreen campaigns and sustainably scale your online business.

So, is Shopify dropshipping still profitable? If you opt for high ticket dropshipping, your chances of making a huge Shopify dropshipping profit margin are higher than those involved in low ticket dropshipping. 

How To Make Profits By Shopify Dropshipping

Shopify dropshipping can be practiced and utilized by businesses of all sizes; however, not every business is making a profit with Shopify. Here’s how to make money by Shopify dropshipping in ten steps:

Step 1: Create a Shopify account

Step 2: Find the right products

Step 3: Look for a reliable dropship supplier

Step 4: Upload products to your store

Step 5: Advertise your products

Step 6: Wait until your customer places an order from your online store

Step 7: Shopify automatically redirects your order to your dropship supplier

Step 8: Your dropship supplier prepares your customer’s order

Step 9: Your dropship supplier ships the order directly to your customer

Step 10: Your Shopify dropshipping profit margin is the difference between your supplier’s price and the price on your website

Using The SaleYee Platform As A Dropshipper

• Choosing the right dropshipping supplier plays a crucial role in your success as a retailer. The right supplier must fulfill the following criteria:
• Should be trustworthy – comprise of only vetted/verified suppliers
• Should have a wide range of evergreen/best-selling/in-demand products in various categories
• Should offer free and fast shipping
• Should offer an excellent customer service
• Should provide resources that will grow your business
• Should offer huge discounts on seasonal sales

Only a few dropshipping platforms [like saleyee.com] check all these boxes. The SaleYee platform helps to make dropshipping easy for everyone. Using the SaleYee dropshipping platform allows you to save on inventory management, not pay for products, free and fast shipping, secure warehousing and fulfillment, market optimization, and so on. Dropshipping suppliers save you time, allowing you to focus on marketing and growing your business. Experience Shopify dropshipping in a low-risk way when you use the SaleYee platform. 

Wrapping Up

A successful business is a sum of work, time, and efforts you put into it. If you are going to be a successful retailer, then you must not only read these tips but also put them into practice. Remember, as the world changes, customer behavior changes too. Don’t rely solely on these tricks, rather, tweak and create new strategies that will work for your business. Back to the question, is Shopify dropshipping still profitable? You won’t know unless you give it a try. Start now!