Starting an online store can be a great way to earn passive income, but it can also seem like an overwhelming task. You might think you have to learn how to build your own website from scratch, handle your own hosting and server administration, design your own graphics and branding, and hire designers if you need any custom graphics made. Fortunately, there’s another way! With Shopify, you can create your own e-commerce store with none of the hassles that come with doing everything yourself. Plus, it integrates with popular payment platforms like PayPal so you can start earning revenue right away!
Choose a niche
The e-commerce marketplace has an incredible opportunity for entrepreneurs who want to start their own businesses. With just a few hours of work each week, you can create your own profitable online store with tons of products available at your fingertips. Once it’s set up, you’ll be able to collect money as your items sell in different countries around the world. This means you can have something in production on Monday, list it on Tuesday, have it ship Wednesday, and be making money off of it by Friday or Saturday. It doesn’t matter if you only have one idea, or twenty–you’ll find that the process is fast and simple enough for any skill level.
Create Your Products
1. Click ‘Products’ from the sidebar of your screen.
2. Click the ‘Create Product’ button at the top of the page and select whether you want it to be an ‘Apparel,’ a ‘Goods,’ or an ‘Accessories.’ 3. Fill out your product details such as price, quantity, shipping settings, return policies, type of product, etc. 4. Once you are done filling out all the required information click on continue 5. Upload your images by clicking on Add Image in order to give potential customers another visual look at what they are purchasing 6. After uploading all necessary images click Continue 7. Check over your new product’s details before publishing 8. To publish your newly created product scroll down and click ‘Publish Now’ 9. Congratulations! You have successfully created a Shopify store
Secure your domain name
Registering your domain name is an important first step in creating your e-commerce store. Getting started on this early will help you avoid scrambling for it later when you decide on a name for your store. You’ll also want to check with your host or provider about their recommendations for hosting too. Most hosts will offer some sort of trial period for you as well.
A custom URL is necessary, but keep in mind that you might have to pay more if you want a .com address rather than .ca or .co which are less expensive options, but remember that it can take up to 120 days before the domain is transferred over so don’t wait until the last minute!
As for picking a web hosting company, there are many companies out there that specialize in e-commerce stores. Some of them include Bluehost, HostGator, Squarespace, Shopify, Namecheap, kinsta, site123, and Godday. However, all of these companies offer various features such as monthly pricing plans and unlimited bandwidth among other things. To make sure you get the right one for your needs be sure to do plenty of research before signing up.
Set up SEO
In order to get started, you’ll need to sign up for a Shopify account (or if you don’t have your own domain name yet, use their domain). They offer different payment plans so make sure that you understand which one will best suit your needs. If you’re using a Shopify Domain for the first time, there is an additional charge of $14.99 per month on top of your plan. Once signed up with Shopify, it’s time to set up the design and content of your website. I recommend reading through the Design section in their Knowledge Base or watching some tutorials on YouTube before setting anything in stone as there are many choices when it comes to designing websites these days.
Finalize your shop design
The look of your store is an important part of drawing in customers. Besides the banner at the top of your site, you should have product images that look high quality, complement one another, and show off your products well. Keep them bright and crisp, with good lighting. There are plenty of sites for templates that you can purchase for as little as $5 – or less! You might be wondering about professional photography. You can hire someone to take high-quality product shots, but even if you don’t have photos with Photoshop skills, this can be done cheaply by using certain apps on your phone – believe it or not! Remember – attractive photos will draw in customers faster than anything else.
Uploading your products
This is the most important step in setting up your store because when you upload your products, they’re ready for sale. But before you start adding products, there are a few steps to take.
1) First create an account on Shopify – this is free but if you want more features, you’ll need to upgrade. 2) Fill out your shop with information – including the name of your store, address, and contact details. 3) Find your country code so that you can charge tax at the right rate (Shopify will suggest these automatically). 4) Create an online payment method through PayPal or Stripe. 5) Upload your designs by clicking Add Product and following the prompts. 6) Add more products until you have a full range available to sell!
Setting up payment gateway
Setting up the payment gateway is easy. You need to log in to your Shopify admin, select Payment providers from the sidebar, then Add New. From there you’ll be prompted for the type of payment provider you want to add. If you don’t see what you’re looking for, click Other. In this field, enter your payment provider’s name followed by: Shopify API – this will filter all providers in our system that are compatible with Shopify API.
Marketing your store
These are some ways that you can promote your store: *A/B test your products. *Promote your content. *Follow potential customers on social media. Your customers need to know about your store and it needs to come up when they search for similar items on Google or Amazon.
You also want them to be aware of the promotions you’re running, but don’t overwhelm them with emails or annoying messages. It’s important to listen to feedback from your customers as well, so that you can better tailor your marketing campaign in the future. Finally, make sure you include a link back to your site on all email signatures so that anyone who wants more information has access to it.
Managing orders & customers
When you build your online store, don’t forget that every order is tracked and every customer gets their own personal account. These individual accounts will allow customers to add themselves to your email newsletter so they can be notified about special sales and promotions. Plus, if any of your customers need assistance with anything in the future, they can easily contact you through their profile.
Planning for success in advance will make it easier when the time comes for you to take off those entrepreneurial gloves!
Growing your business (ongoing tips, stats, resources etc.)
The first few months of your new business will be the most difficult as you get off the ground, so it’s important to make sure you have a plan for what you’ll do if things don’t go according to your expectations. Here are some ways that you can get started with your business:
1) Conduct market research for similar businesses in your industry. Why did they succeed or fail? What would need to happen for them to succeed again?
2) Map out what you want for the future of your business: where does it fit in on an organizational chart?
Who is responsible for each step of the process from manufacturing items to selling them, then returning them when they’re ready?
How much time do you spend at work every day, and how much time do you spend managing other people who are doing tasks for your company?
Do you have enough cash flow to continue growing without going into debt or asking friends and family for more money than they should invest in your company? These types of questions should be answered before committing too heavily to growing a company because there are lots of unforeseen challenges along the way!
One of the most challenging parts of making passive income is figuring out what product to sell. Ultimately, there are two options. The first option is something you already know about from your day-to-day life, whether it’s a favorite hobby or something you do in your spare time. The second option is creating a digital product that solves the problem of someone else’s day-to-day life.