How Much Can You Realistically Make Dropshipping?
Last modified: December 28, 2021
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Dropshipping is one of the top business models in today’s internet-focused world. There are several benefits to dropshipping, especially when you are working on platforms like Shopify that allow you to build an effective website with ease and have lots of apps to help you sell.
However, how much can you realistically make dropshipping? Here are some considerations for you.
How Much do People Make from Dropshipping?
The average price that dropshippers make is between $1,000 and $5,000 per month. You will make more money by charging a 40 to 70% profit margin on each sale. This allows you to offer discounts on your website for new customers to entice them to your business. However, even with a 40-70% profit margin, you will still expect costs to eat into that with costs for marketing, hosting, products and more.
There are some who make a lot more than this.
How Much Money can you Make in Dropshipping?
Many low-ticket products on your site might sell lots, but your profits are going to be much lower, therefore you won’t make as much you would expect.
High-ticket options might offer you more chances to earn larger profits, but you will be expected to spend more on your marketing budget to earn more money. However, that being said, it is not uncommon for dropshipping brands to start selling within 14 days of running, with limited marketing and to start earning between $200 and $1000 within the first couple of months.
What you should not expect is to start selling within a couple of months and start building a great profit quickly. It can take somewhere between six and twelve months before you start to see a living salary out of your efforts.
How to Increase Earnings from Dropshipping Efforts
Because one website might not be enough, there are things that you could do to help you earn more money from your efforts. The first is to use FOMO apps and other marketing apps that can help you improve conversions on your website with ease. These can be really useful and there are free options as well.
Another option that you have is to create more websites. You can add new websites with different niches to expand your reach. You can easily spend your time running three or four different dropshipping websites and earn lots more money. All you need is different domains. Some apps can be used over several websites.
Final Word: How Much Can You Realistically Make Dropshipping
How much can you realistically make dropshipping? Expectations can be based on what you’re willing to put into your business. The more marketing you do, the more money you can make and the average dropshipper can make up to $5000 a month from this. Though some dropshippers earn a lot more.