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How Much Money Do I Need To Invest in a Drop Shipping Business Per Month?

Garth Scaysbrook Ecommerce dropshipping, shopify

In this video I cover how much you need to invest in a dropshipping business per month. Surprisingly you don’t need very much to get started.

Shopify $29
Apps $20 – $50
Facebook Ads $400 – $800
 
You will need $500 to $1000 per month minimum to get started.
 
Shopify and Apps will cost less than $100 per month.
 
The main investment is Facebook Ads
 
A budget of $10 to $20 per day will allow you test your offers.
 
What if I don’t make $ after the first month?
 
Quit or Continue
 
How long should I keep investing?
 
Are you learning? Then Yes
What Shopify Plan Should I Choose? How To Setup Free Plus Shipping for Shopify #1

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Why I Paused My Shopify Store

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Why I Paused My Shopify Store

In this video I cover why I paused my Shopify Store.

  • Store has been operational for over 12 months
  • Store and associated costs were $200 per month to keep store running
  • Sales dropped to $1000 per month from $3000 per month
  • Business was running cashflow negative
  • Decided to pause store until I can establish new direction
  • Store sold t-shirts and jewellery
  • The last straw was 3 refunds due to supplier problems
  • The profit of $5 per t-shirt represents 16% margin
  • T-shirts are DTG printed locally
  • Low margins make profits so much more difficult
 
Where to now?
  • Take my Knowledge and apply it to a new niche
  • Research new opportunities
  • Looking for high margin products in high demand
How To Setup Shopify Settings

Ecommerce

How To Setup Shopify Settings

This video covers the Settings section of Shopify.

  • General
  • Payments
  • Checkout
  • Shipping
  • Taxes
  • Notifications
  • Files
  • Sales Channels
  • Account
How To Open a Shopify Store

Ecommerce

How To Open a Shopify Store

This video covers the first step to open a Shopify Store.

Copyright Garth Scaysbrook 2020