15 Methods to Make Money on Shopify in 2024

Are you on the lookout for some ways to earn money that have to do with leveraging online platforms and tech advancements? How about you get the hang of using and making money through the gold mine of online e-commerce platforms, think Shopify!? If that ignited a spark in you, you have landed on just the right side of the web.

After all, Shopify has become the hotspot for e-commerce activities and people looking for side hustles that add some good sum to their bank accounts every month. The best part? Shoppers love Shopify, (research shows there were some 675 million buyers just last year on Shopify)so as long as that stays in place, you have a market at your disposal that’s easy to reach and filled with multifarious opportunities.
No wonder, more than 2 million people are making money on Shopify selling their products and it alone generated a staggering revenue of 7.06 billion US dollars in 2023. And the growth is not slowing down anytime soon, thanks to the ease e-commerce has brought into people’s lives be they sellers or buyers.

So, what are you waiting for? Whether you are a newbie or an expert Shopify user, if you are wondering how can you make money on Shopify or is Shopify a good way to make money, this page has all your answers.  We have listed 15 surefire methods for you to make money with Shopify that can show you how good of a difference Shopify can make in your online money-making ventures. And there’s so much more to it than just selling your products. Dive in to find out but first, let’s get some basics out of the way:

 First Up, what is Shopify?

Though highly unlikely, not everyone may be familiar with Shopify. Regardless, simply put, Shopify is an online e-commerce platform for online stores that allows physical and online business owners and sellers (also called Shopify merchants) to set up their online stores and sell digital products or physical products through a single streamlined and user-friendly dashboard.

Unlike other online marketplaces, Shopify gives you unlimited creative liberty. There are different Shopify apps available on the Shopify app store that can help you build your store, customize it to your liking, and widen its reach through different links and applications.

Best Methods to Make Money on Shopify in 2024

Now that you know what Shopify is, are you excited to make your mark in the digital business landscape with Shopify? With a hassle-free and user-friendly interface and robust abilities and features, 2024 is truly an incredible year for online or digital entrepreneurs using Shopify. In just the second quarter of 2024, Shopify has reported a total revenue of 2 billion US dollars, highlighting a brilliant 25% YoY (year-over-year) increase!
If you are ready to turn your business idea into profit, here are 15 best ways to make money online using Shopify this year along with some tips and tricks:

1. Start Your Own Shopify E-commerce Store

If you are wondering how to use Shopify to make money in the easiest possible way, the answer is your own e-commerce store! It is simply the most direct and easy route to begin making money. Like other Shopify store owners, you will build a store, list your products and sell them. The result? You will get money each time a customer makes a purchase.

However, to make it a success, remember creating your online store on Shopify is so much more than just listing your products. It’s also about creating an immersive and exciting shopping experience for your clientele. And how does Shopify make money and what’s the Shopify profit sharing like? You will simply be paying around 29 dollars every month in return for hosting your store on their platform. Here are some tips on how you can ace building your store:

•  Identify Your Niche

Explore different niches driving the market growth of Shopify and try to find some having high demand and low competition for that perfect win-win combo! Do some trend analysis or see customer interviews and then choose a niche that best matches your interest.

•  Design Your Store

Once you have finalized your niche, get designing! Shopify offers more than 70 customizable themes that you can pick and customize to match the aesthetic of your brand. Just make sure you design it such that your store is easy to explore and mobile-friendly because a lot of online shopping happens on smartphones these days.

•  Pay Attention to Detail

Make sure your product photography is top-notch and write compelling and catchy descriptions of your products. This can ensure that your store visitors or leads turn into your customers.

 

2. Buy or Acquire an Existing Shopify Store

If you are not up for building everything from scratch on Shopify and want to skip the hassles of the startup process, the next best and easiest thing for you is to buy or acquire an already existing or up-and-running Shopify store.

This way, you can avoid the initial struggles and efforts that building your customer base and establishing relationships with suppliers might otherwise call for. Here’s how you can simply go about it:

• Search different potential stores that match your interests on online website buying and selling platforms like Flippa or Craigslist. Pick one with a loyal customer base and a good potential for growth.
• Before buying a store, double-check the market value of stores, financial performance, reasons behind selling, and other legal stuff so the process can be seamless for you.
• After you have acquired a store, start optimizing your operation and expand the product line.

 

3. Start Your Shopify Dropshipping Business

Do you want to enter the e-commerce space without the burden of managing your inventory? A dropshipping business can be your best bet! It is simply a way by which you can sell products to your customers directly without having to import them from shippers to your location and handle their storage. This way, you can focus more on your marketing and sales and start with low investment. Here are some tips for a successful dropshipping business:

• Find Reliable Suppliers

Try to research and find suppliers that deliver quality products at the best rates and build strong relationships with them.

• Employ Automation Tools

Streamline all your dropshipping operations using trusted automation tools like Easync. It will automate loads of your dropshipping tasks from product listing updates to order fulfillment and save your time and resources so you can work on growing your business more.

• Market Your Products

Promote or market your products. Use social media ads or do partnerships with any famous content creator in your niche and other influencers to attract more leads and supercharge your sales.

 

4. Offer Print-on Demand Products on Shopify

One lucrative way to make money on Shopify is to sell print on demand products. This way you can sell custom-designed products to your customers when they order them without holding inventory or dealing with the risks of excess production.

Create designs for different trending items like t-shirts, hoodies, cushion covers, mugs, or phone covers, and partner with third-party printing services or product providers. Then, when someone places an order at your store, the third-party provider will directly ship it to them. It is a busy sector though so follow these tips to stand out:

• Create Unique and Trendy Designs

Make some eye-catching designs that speak to a specific client base or are trending to make your designs stand out in a crowded market of custom apparel and products.

• Partner with POD Services

Use different POD (Print on Demand) services like Printful or Printify. They will easily integrate with your Shopify store and manage the printing and shipping logistics for you.

• Build Your Brand

Promote your print on demand products or designs through social media apps and channels and email marketing campaigns. Share your story and vision to appeal to your customers.

 

5. Create and Offer Subscription Box Service

Do you love subscription boxes or does someone you know love them? How about you sell them on Shopify? Picture creating an exciting selection of products that your customers eagerly wait to receive every month. They are a great option if you want to make lots of money because subscription boxes have become all the rage in 2024. They can give your customers curated experiences right on their doorsteps and have that surprise element too that makes it even more delightful.

From a business point of view, these aspects make this model the best for you because creating a Shopify subscription service means you won’t have one or two-time customers but rather a loyal and regular client base that gives your business recurring revenue. Here are some tips to perfect your service:

• Choose your specific niche, something that excites you be it beauty products, snacks, pet treats, or books.
• Use social media to create some hype and buzz before you launch your box or service.
• Always deliver value, and make sure each subscription box you send out to your customers has quality products so they stick around month after month.

 

6. Custom Build Themes and Apps on Shopify

Do you have a knack for coding or design? You can put your skills to work on Shopify and create themes and apps and sell them. Various businesses are searching for unique themes and cutting-edge apps to make their Shopify store look the best and generate sales. You can come to their rescue with your themes and apps and build a highly profitable business for yourself.

Here are some tips to keep the lucrative element intact while you do so:

• Determine Pain Points

Put yourself in the shoes of Shopify users or store owners and search for gaps in the market or features that can enhance your Shopify experience and work on them.

• Develop Unique Solutions

Don’t go selling generic or general stuff. Instead, custom build your Shopify themes to appeal to certain industries and create such applications that solve common problems easily.

• Market Your Themes and Apps

Promote your themes and applications of Shopify’s App Store and different social media platforms to attract customers and make money.

 

 7. Sell Your Handmade Goodness

Are you good with crafts and DIY projects? If yes, then selling your handmade products on Shopify is a fantastic way to turn your passion into profit and build a stable stream of income for yourself.

Whether you are fond of knitting or are good with resin art or mini wooden sculptures, you can sell your handmade goodness in your Shopify store easily and connect with customers who value and appreciate craftsmanship. Here are some tips that can come in handy for you:

• Present Your Craftsmanship

Create an attractive store with high-quality images and catchy descriptions as you can see in this example picture of a Shopify store of knitted plush toys.

• Use Social Media

Post your hand-crafted products on social media platforms like Pinterest or Instagram and attach links there to drive traffic to your Shopify store.

• Engage with Your Customers

Get in touch with your customers, tell the story behind your products and brand, and build strong relationships with them.

 

8. Get Started with Monetizing Your Social Media

If you are an active social media user, it’s time to monetize your social media especially if you have public profiles on platforms like Instagram and TikTok where one viral reel can derive massive sales for brands. Your social media handles can benefit from so much more than just likes and shares, they can become powerful sales channels for you, too.

With billions of users, social media platforms are best if you want to showcase and promote your products and then drive traffic back to your Shopify store. Here are some ways you can do it:

• Create Engaging Content

Share some interesting content about your niche and products like tutorials, and behind-the-scenes looks, or create trending reels around your products.

• Use Shoppable Posts

Employ shoppable posts on platforms like Instagram where you can directly tag your products in your posts and make it a breeze for your followers to shop or you can attach links to your posts or comments.

• Collaborate with Influencers

Partner with social media influencers and content creators in your niche to reach new audiences and followers and boost your sales.

 

9. Make Your Digital Products Available on Shopify

If you want to explore another great way to generate some passive income for yourself through Shopify, make and sell some digital products, and make money online easily. Think about e-books, digital art, and similar products! They will not require any physical inventory and the best part? You will only have to put in the effort or minimal investments one time in these digital products and then you can keep on making repeat sales without any additional costs making them perfect for earning money especially if you want to be a savvy entrepreneur. Just follow these tips and you will be sorted:

• Identify your expertise and sell them in a digital form.
• Create high-quality and valuable digital products for your customers.
• Automate the delivery of your products by using Shopify’s digital product features.

10. Become the Next Best Shopify Expert

 

If you are not a newbie and already know the ins and outs of Shopify and using it for earning money then start sharing the knowledge and become a Shopify partner.
More and more businesses are making it to the digital marketplace and platforms so you can be an expert guide for them and charge them for your service in return. There are many ways to do it, you can:

• Offer consulting services to new and existing Shopify merchants in setting up and expanding their stores
• Create online courses and teach others how to earn money with Shopify successfully.
• Write blogs or eBooks about it.

 

11. Collect Vintage or Thrifted Products and Sell Them

Now that sustainability and green consumerism are becoming a favorite among eco-conscious customers, the market for vintage and thrifted products is seeing a full-fledged boom in 2024 and is predicted to grow even further. So, if you have an eye for unique finds and love to thrift, put your collectibles or thrifted items up for grabs on Shopify and earn money. To turn this into a business model, here’s what you can do:

• Scout for Treasures

Visit the nearby thrift stores in your area regularly and don’t miss out on garage sales or trips to flea markets. Find items with unique characters and charms and buy them to resale them on Shopify.

• Curate Your Collection

Choose a particular category and trendy niche like vintage clothing, classic home decor, or collectibles that have a substantial audience and curate your collection accordingly.

• Tell a Story

Make your product descriptions count! Don’t just describe your listing but instead share the history or uniqueness of each of your store’s items and appeal to potential buyers.

 

12. Become a Shopify Affiliate Marketing Pro

If you are an influencer or content creator with a very happening social media life and lots of followers then the Shopify affiliate program is your ticket to earning money effortlessly! How? Well, it’s simple. You become an affiliate marketer or promote some Shopify products on your social media handles and in a way the biggest e-commerce platform out there and in return, you will get commissions each time your follower or anyone shops through your provided link. Here are the benefits of it:

• Join for Free

There isn’t any rigorous signing-up process awaiting you. Signing up as a Shopify affiliate is simple and free. Once you get accepted, you will receive your very own unique affiliate link to share with your social media followers and audience.

• Earn Commissions

Now every time a new merchant signs up through your unique link, you can earn around 150 US dollars. That’s literally just for spreading the word through your social handle and then you can also earn some commissions from brands each time your followers buy their products through your link.

• Create Valuable Content

Share engaging tutorials, reels, reviews, or success stories about using Shopify and products to attract users and buyers and earn money in return without any repeated investment.

 

13. Make Money by Doing Product Photography for Shopify Businesses

Shopify listings are all about top-notch photography and SEO-optimized and engaging descriptions, right? That means if you are good at product photography, you can turn your skills into a lucrative side hustle when it comes to Shopify since brands are always looking for professional help in shooting their products.

Many Shopify merchants will be more than willing to pay you what you ask for in return for your excellent product photography so:

• Build your product photography portfolio that best showcases your photography genius.
• Market your services on Shopify partners or other professional platforms like LinkedIn and get in touch with Shopify store wonders who might benefit from your skills.
• Set competitive rates and charge anywhere from 100 to 300 USD per hour based on your experience.

 

14. Help Local Businesses Set Up Shopify Storefronts

Many local businesses are trying to establish their online presence but are short on knowledge and relevant expertise. If you are experienced and well-informed about Shopify, you can treat it as a golden opportunity by helping these businesses set up their online digital storefront on Shopify. This way, you can earn money as well as help your community. Here’s how to go about it:

• Identify Your Potential Clients

Explore your local clients and reach out to local shops and businesses that do not have an online store with your ideas and service.

• Offer Comprehensive Packages

Give reasonable and comprehensive packages to these businesses around you and help them set up their Shopify storefronts and other stuff like optimizing their product listings and using effective marketing strategies so they can earn money and you too.

• Provide Ongoing Support

Don’t just set up stores and leave. Also, offer well-priced maintenance packages to your local businesses wherein you help them with regular updates and troubleshooting issues.

 

15. Sell Your Online Courses on Shopify

Do you have expertise and knowledge in any particular area or aspect of Shopify? You can create and sell relevant online courses to share your knowledge and generate income for you, too. Here are some tips you can follow:

• Choose Your Course’s Topic Wisely

Select topics and subjects that truly speak to you and that you are passionate about from the ones high in demand in the 2024 market like digital marketing, affiliate marketing, or graphic design.

• Create High-Quality Content

Put in time and effort to create high-quality and valuable content for your course and include engaging elements like videos, quizzes, and easy-to-download guides.

• Market Your Course Right

Employ email marketing and social media advertisements to reach your audience or potential students who can learn and benefit from your expertise.

Final Thoughts

The 15 best methods to make money on Shopify in 2024 show us that there are multifarious opportunities at your disposal. Whether you make your own e-commerce store, get into dropshipping easily with Easync, or put your photography skills to good use, the potential for you to earn significant profits is a lot with Shopify.

However, given the high level of competition, make sure you choose a method that truly interests you and you can easily commit to so you can’t just survive but also thrive in the competitive e-commerce market.

Ready to reap the benefits of Shopify and generate income? Don’t just sit back and wait for opportunities to come knocking at your door, seize them today and make your unique mark in the world of online business in 2024!