What is the cost of dropshipping?
Dropshipping is a great way to lower the barriers to entry for starting a business. Dropshipping allows you to work with suppliers around the globe and sell their products without having to keep inventory. It’s amazing.
It’s so amazing that many people get so carried away that they dream of owning a six-figure company that doesn’t require investment.
It’s not easy to start a business that is successful. Dropshipping is possible
- Dropshipping costs
- Dropshipping stores are the simplest version.
- Shopify Subscription
- A DSers subscription
Shopify is the most widely used ecommerce platform. We’re also going with DSers as it’s the best AliExpress dropshipping platform.
There’s good news! Shopify offers a 14-day free trial! It will then cost $29 per monthly, but you can still get started for free. Shopify takes care of the store portion. Let’s now move on to dropshipping.
A basic plan is available to all DSers for free. It is limited to 3,000 products and you won’t be allowed to scale up. You can get started before you spend your credit card. To access advanced features such as bundle mapping and automatic inventory updates, you will eventually need to upgrade to $19.90 Advanced.
Dropshipping is serious business. You need a domain. Shopify allows you to purchase a domain for $14 per year.
- So if you’re willing to do it cheaply, your store launch costs will look like this.
- Shopify 14-day free trial + a Free DSers Plan = No Cost
- We can then start to look at the following
- $29/month Basic Shopify + $19.90/month Advanced DSSers = $62.90
- We’d then be paying $48.90 per month, which includes the Shopify and DSers recurring costs, minus $14 domain.
Dropshipping product validation costs
This is the “eat all your vegetables” part of starting a dropshipping business: Just as nobody is going force you to eat your daily vegetable intake, no one will force you into ordering your dropshipping products.
You should do it
Dropshipping offers the unique advantage of not having to handle the products that you sell. While this might solve one of the biggest challenges of commerce (having cool products to sell), it introduces a new set of considerations–namely, you don’t control the quality of the products, the timeliness of delivery, or the appearance of the packaging.
We recommend that you set aside time and money to order the products you will be selling in your shop.
This allows you to get to know the suppliers. You can ask questions after you have placed your order. For example, when can you expect your order to arrive? Is it damaged in any way? Would you buy it?
You can sell your products once you have them in stock. Display them. Photograph people holding them. Ask your friends to tell you what they think and how much they would pay.
So how much will you pay to eat your dropshipping vegetables? You don’t have to purchase every variant of every product. You can order one color if you have yellow, red, or blue dresses from the same supplier. It’s a good idea, however, to order at most one sample from each supplier whose products your store will be selling.
Costs of dropshipping store improvements
You can only go so far with the $140 you have spent on your website. To get the functionality you need, you might have to install apps. Shopify and DSers, for example, don’t offer bulk discounts.
Sure, there are ways around this. It is possible to offer a product that actually contains five items, and then sell the quintet at a lower price than purchasing five individual items. You don’t want your business built on “workarounds.” Your store should be simple to navigate for shoppers, and for you to use. Sometimes, it’s the best thing to spend money and get Shopify apps.
Shopify App Store has a wide range of apps that can be used to solve any problem, upgrade, or tweak you might need. Let’s take a look at some of the most requested features for store owners, and a small selection of the apps that can help make them happen.
Cross-selling and Upselling
Cross-selling refers to offering a product/service that is related to what the customer already bought. Upselling is a strategy to encourage customers to purchase an upgraded, more costly version of a previously purchased item. These methods are designed to increase the average order value (AOV) of a merchant.