Serving more than 800,000 merchants worldwide, Shopify is uniquely positioned to continue to reap the benefits of an immensely growing eCommerce atmosphere. In the U.S. alone, consumers spent $861.12 billion online, while the eCommerce sector as a whole experienced a +44% increase from 2019 to 2020, fueled indefinitely by the Coronavirus. Given the surge in eCommerce, it is only natural that Shopify follows suit.
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Print on Demand is an emerging facet of dropshipping (which we’ll cover next), and it better empowers sellers by eliminating their need to possess inventory. For instance, when an order goes through your Shopify platform, a print-on-demand business will incorporate your design onto the product and ship it directly to consumers. Products ripe for this opportunity include fan merchandising and apparel goods like t-shirts, hats, and sweatshirts.
Dropshipping with Shopify is a highly effective business model, often requiring less effort and collaboration than Print on Demand. Dropshipping with Shopify should be niche-specific as competition is high for broad marketplaces like Amazon, Alibaba, and more. Employing SEO can help you narrow down which markets are best-suited for potential.
Blogging and affiliate marketing is another high-caliber business opportunity with Shopify. By launching a blog site, you can monetize your platform through affiliate partnerships (after you’ve built a healthy following) to gain income while still providing value to your audience.
Additionally, blogging can help you gain search engine visibility, which can drive more traffic to your site, and ultimately, more sales. One of the most effective techniques to make money with a Shopify blog would be to sell digital products (such as online courses, eBooks, digital art, custom designs, etc.).
Emerging artists can build their following from the ground up with Shopify. Given Shopify’s diversity, creators can generate business through podcasts or selling goods such as digital art, videos, and music. All-in-all, the opportunities surrounding Shopify are vast and will continue to cultivate high-potential as eCommerce continues to surge.