Introduction :
How much money required for dropshipping? When every beginner thinks of starting a dropshipping business, the only question that crosses their mind is how much money it will cost to start their dropshipping business.
Do you really need thousands of dollars to start dropshipping? How much money you have saved you can start this business. I will clear all these and all the doubts in your mind in this article today.
Dropshipping will cost you around $80 to $100 to start.
Dropshipping business is a low-risk business, where you can start this business very easily and at a low cost. This business provides access to thousands of products and you can find suppliers and ship anywhere in the world without managing the products.
Based on the following things you can start your dropshipping business very easily :
- Online Store Setup
- Domain and Hosting Costs
- Themes and Plugins Costs
- Supplier Fees
- Product Sourcing Costs & Shipping Costs
- Marketing Costs
Moreover, you can use all the tools and necessary equipment to start dropshipping online for free. To know more details, please read this patiently till the end. I hope you will know a lot and all the doubts will be cleared in your mind through this article. [ How much money required for dropshipping ]
How much money required for dropshipping : a minimum budget :
Online Store Setup :
First of all to create a dropshipping website you need to select an online platform where the audience can visit your website and buy your products easily.
I would suggest you to create your online store on Shopify or woocommerce platform. Here you can easily customize your store.
Shopify offers you different pricing plans from basic to advanced. Its monthly plan costs $29. You can use your store for one month after spending this price. WooCommerce on the other hand is a WordPress plugin. If you want to manage your store through WooCommerce, you will need to bear the cost of hosting.
Domain and Hosting Costs :
To start a dropshipping business you need to get a domain and hosting plan. The domain name is the name of your store. That gives credibility to your store and business. When buying a domain, make sure that your store name matches your domain name, thereby increasing the chances of your store ranking in search engines. [ How much money required for dropshipping ]
The domain name is determined depending on the domain keyword. (.com, .Us, Uk, etc)
On the other hand, if you want to purchase web hosting like Hostinger, you can purchase hosting from BlueHost and GoDaddy. Different hosting offers you different price plans.
Below are some popular ones (.Com) domain and web hosting prices are discussed below:
Hosting Cost :
| Hostinger | $1.99/month |
| GoDaddy | $2.99/month |
| NameCheap | $1.29/month |
| Bluehost | $2.95/month |
Domain Cost :
| Hostinger | $9.99 |
| GoDaddy | $11.99 |
| Namecheap | $9.58 |
| Bluehost | $12.99 |
Themes and Plugins Costs :
To make your store more attractive to your audience, you may need a theme or plugin that allows you to customize your store very nicely. With a beautiful store, you have a lot of potential to sell your products.
Premium themes can cost around $80 – $150. There are many more premium plugins available online whose price depends on the functionality of the plugin.
Dropshipping Fees and Shipping Costs
Supplier Fees :
After creating your online store in dropshipping business, you need to look for suppliers with good ratings, who will deliver the products listed in your store to your customers. Not only that, but after ordering your products, all responsibility lies with the supplier. Such as shipping your products to customers and handling any product returns. [ How much money required for dropshipping]
Let’s discuss the costs of some popular supplies in the world:
The most popular supplier in the world and used by dropshippers is dsers. Dsers is a Shopify app that is heavily used by dropshippers. Dsers is a free plan system and you can use most of the Shopify accesses for free. Here you can easily access 3000 products on the Shopify platform and for more features and more product listings you need to buy dsers advance plan. Which costs $19.90. You can start your business with the help of this supplier to start dropshipping first.
Shipping Costs:
Dropshipping requires you to ship products from one location to another so shipping costs may vary. For example, your shipping cost depends on the size and shape of the product, delivery distance and delivery time.
Let’s talk about two of the best shipping providers in the world through which most dropshippers ship their products.
epocket: epocket is one of the biggest options for light package delivery. Which is very cheap and very fast delivery from China. Delivery time from China to USA is 7 o 30 days and costs about $6 – $29. [ How much money required for dropshipping]
Aliexpress : This is a great option if you are sourcing products from China and shipping products to other countries from AliExpress. In the beginning, most of the dropshippers use AliExpress to ship their products. Ali Express products take 15 to 40 days for delivery and cost about $5 – $6.
Marketing Costs:
First, before you start promoting your business, you need to understand your budget. Because you have to promote your business depending on your budget. Let us explain this marketing promotion in very simple terms. If you have a low budget then I suggest you start your business through influencer marketing. And if you have a bit more or bigger budget then you can go for paid ads.
But I would recommend you from my personal experience to start your business with influence marketing first rather than going for paid ads in the beginning. Because if you start your business with paid ads in the beginning then your business may lose.
So let’s discuss how you can promote your business:
For more information read more [ How much money required for dropshipping]
Social media ads :
TikTok, Instagram, and Facebook are many other social media platforms that attract a large number of customers. You can bring huge sales to your dropshipping business through an online platform.
The cost of pet ads on social media depends on the duration you set. You can promote your business on any social media with paid ads you spend around $5 – $7 in one day.
Influencer marketing :
The importance of influence marketing is increasing day by day. Influencer marketing is extremely important behind any successful dropshipper. Myself and my team have generated over lakhs and crores of income following this strategy. You too can grow your dropshipping business by following this strategy.
You can promote your business through influencers on any social platform. For example, if you promote through an influencer on TikTok then you have to pay $50 – $60 in one post to that influencer. The value of a post on an influencer depends on its followers, like rate, and its audience location.
Email marketing :
You can take the help of email marketing to boost your dropshipping business. Following this strategy will cost you around $8 – $22 per month for your business. [ How much money required for dropshipping]
Conclusion :
Hope by reading our article you have better understood how much money required for dropshipping business. If you want to know more about dropshipping then you can read our other dropshipping-related articles. If you find this article helpful, please share it with your family members and friends who are interested in dropshipping.
If you have any queries regarding this article then you can ask us in the comment box below this article.
Thanks for reading this article!
