Shopify Dropshipping: How Much Money Do You NEED To Start In 2024?
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- เผยแพร่เมื่อ 22 ต.ค. 2023
- How much money do you need to start dropshipping in 2024 and what is a realistic startup budget for high-ticket dropshipping? Find out in today's new video.
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About This Video:
In this video, I share how much money you need to start dropshipping in 2024.
Dropshipping startup costs will vary from month to month.
In this video I cover expenses you are likely to incur in the first 6-months dropshipping on Shopify including:
- Shopify (our eCommerce platform of choice)
- Domain Name Registration
- Business Registration
- Graphic Design Software
- Email Management
- Paid Ads
- Supplier/Products
- Email Marketing Automations
- Live Chat Service
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To get a 2-hour in-depth training, a list of 237 Profitable Products to sell online, and a special offer on our award-winning Drop Ship Blueprint you can go here:
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Free 3 Day Shopify Trial + 3 Months For $1: dsl.life/shopify-yt/
FINALLY someone who gives proper information and pricing! Thank you so much!!
You’re welcome, Veronica! Always happy to share.
You absolutely pulled me in with your style. The 10 minutes felt like it was 1. You sound very calm and makes me wanna learn more. Thank You for the information. Earned my respect and sub ❤️
Thanks for the explanation.... from Nigeria and also a student willing to start a dropshipping business this year
This is what I need. Man I should have found your content earlier.
i'm glad you broke down the costs like that, makes it seem less daunting to start a shopify dropshipping business, didn't realize it could be so budget-friendly
Wonderful video. Makes life easier when you explain it so well.
Thank you! Anton strives to simplify the complexities of drop shipping, making it accessible for everyone.
- Myra
Straight up, the best drop shipping video out there. it both informs and explains.
Thank you for the high praise! I'm thrilled to hear you found the video informative and clear. 😊
- Myra
Excellent advice! Thank you!
You're welcome!
- Myra
"I appreciate your clear and concise information, especially the detailed pricing breakdown. Thank you for being so helpful!"
You're very welcome! I'm glad you found the information helpful! 😊
- Myra
Thank you
where you have been I need you in my life bro how I didn't know about this channel the content is SO professional
I'm thrilled to hear that you're finding value in Anton's content! Welcome to the community. Anton's channel is packed with professional insights and strategies to help you succeed in dropshipping. Stick around for more valuable tips and guidance on building your business! 😍
- Myraa
Very interested ❤
Best of luck
HI ANTON, AWSOME IM VERY EXCITED TO STAR SOON ,
Happy to hear that!
how can shopify can help me wiith adds and campaign to?
Do you offer a direct mentorship program? 1 on 1?
Sir some information for LLC purchase
How does creating an entity work if you’re still trying out new products. Does it matter ? Every time you try a new product or make a new website do you need to make another entity ?
You don't need an entity. Anton will discuss more of this in his free training. You can join here: www.dropshiplifestyle.com/learn/.
- Myra
There is no ad vouchers? Also free traffic from Google takes at least 3 months of SEO work.
The vouchers vary from country to country. Where are you located? Also, the we optimize for long tail keywords for organic search (brand names, products names, and sku #s) which can and do rank much sooner.
Thank you, but realistically how much are we gonna spend on ads and how much are we gonna lose as it’s not gonna all be perfect and profitable from the beginning?
Hi! In Anton's free training, he delves into the intricacies of budgeting for ads and managing initial losses in dropshipping. He will help you minimize risks and maximize profits as you navigate the early stages of your business. Join here: www.dropshiplifestyle.com/learn/.
- Myra
If Anyone place the order on my site, how i can delivery these from supplier site without a cashflows:) plz tall me that budget how i need to fullfiment
You only pay for products after you sell the product on your store. We prefer to pay with suppliers with credit cards to earn rewards points and/or cash back.
Having money in my bank account to cover a customer purchase is my question. Doesn't Shopify require a credit card when you sign up is another one. I'm not exactly clear on how all of that works.
Hi, Ken G! Anton's FREE training covers these topics comprehensively. We'll explain funding options for customer purchases and the Shopify sign-up process. Gain clarity and insights by joining our program. Learn more here: www.dropshiplifestyle.com/learn/.
- Myra
@@dropshiplifestyle Thanks, I'll do that.
you forgot product cost etc
Is it a good idea to have more than one product in your online store?
Anton recommends building a niche-specific store because it is an easy way to build trust with customers, target a specific audience, and allow you to position yourself as an expert.
- Myra
Why did I think customer payment went directly to supplier with balance going to us?
It's a common misconception, but in dropshipping, the customer payments typically come to you first. Then, after deducting your profit margin, you pay the supplier for the product and shipping costs. This process ensures you have control over your earnings and can manage your finances effectively. If you want to learn more about how dropshipping works and get a clearer understanding, Anton's free training covers this topic in detail. Feel free to check it out for more insights! Here's the link: www.dropshiplifestyle.com/learn/.
- Myra
Do you still recommend an (800) phone number? If so what do you think the cost of that would be?
For the types of high ticket stores we build, I do. However, if someone is starting on a very tight budget they can use a local number. The phone system we use (mightycall) starts at $15/month.
Thank you! @@dropshiplifestyle
I’m confused I thought we payed for the product up front before the order is payed out to us. I understood Shopify takes a week to pay us.
We prefer to pay for orders with business credit cards to build lots of points and/or miles. But Shopify Payments typically deposits funds from sales in 1-3 business days.
What’s does LLC Reg mean?
It refers to the registration process of forming a Limited Liability Company (LLC).
- Myra
So we have to have a credit card to start dropshipping ?
Nope! Check out this video: th-cam.com/video/n4CTtzLQzfI/w-d-xo.htmlsi=6M61a1JuT-q_3IzT
How do you find a supplier in UK?
Finding a supplier in the UK is crucial for efficient drop shipping. Anton shares detailed insights on how to find reliable suppliers, including those in the UK, in his FREE training. Here's the link for more info: www.dropshiplifestyle.com/learn/.
- Myra
You have not created the application account that you need to add to the site
What do you mean? I never said I created an application account to add to a site…
Is it possible to run google shopping ads with dropshipping
It is! Same rules apply to dropshippers as everyone else though so it’s important to review and adhere to their policies before submitting products to Google Merchant Center and Google Ads. Here are the types of Google Ads we run: th-cam.com/video/_CUWPRkYIa0/w-d-xo.htmlsi=glu6UhUhYwTKHbKm
@@dropshiplifestyle thanks alot for your reply
Can we use images from suppliers or from other websites
Is it mandatory to use custom photos for Google shopping ads
@@brucedecosta9221 I can only speak for our method of dropshipping in which become authorized retailers of said brands. It is expected to use their product images and not against any policies 👍
I feel like the ad expenses are way understated.
@@racif this video is covering how much you need to get started. While I love and recommend paid ads, they’re actually not necessary for those who are starting on a restrictive budget. Here’s a video showing numerous ways to get free traffic that converts: th-cam.com/video/-1FtUXZ1i5U/w-d-xo.htmlsi=9wfPVulKqvuZjj5y
Anton, I love your system and I’ve already a member of DSL, but when you say for ever $1 spent on ADS you will take away $50 it’s an exaggeration of how it actually works in reality. Not that ads don’t bring revenue but realistic ROI for a beginner store in 2023-2024 would be 1:2 - 1:8. Anything other than that will make the educated audience question the credibility of your work and scare them away…
50x is extremely high but also not unrealistic for low budget remartketing campaigns on high ticket products. For blended ROAS, we only scale ads that are generating a 10x ROAS or greater.
Hello Anton.
I have a product and store too
What do you think how much budget I need for advertisement and what if I run TikTok ads only.
We are willing to spend up to 10% of the product sale price in ads to get the sale. For example, we will spend up to $100 in ads to sell a $1000 product.
@@dropshiplifestyle If I want a review of my store that is it good or not?
I have some best products.
Is there anyway that I can show you or talk to through email.
That would be really helpful.
I admire you a lot.
Thanks for the explanation.... from Nigeria and also a student willing to start a dropshipping business this year