How Much Money Do You Need To Start a Profitable Dropshipping Store?
How much money do you need to start a profitable dropshipping store? Pretty much the most popular question in all of dropshipping.
Can you start a profitable dropshipping store with $10? Probably. But are you going to? Almost definitely not.
It Depends On The Niche
I know this is not a fun answer but it’s the truth. How much money you need depends so much on the niche it’s not even funny.
If you start a little print-on-demand shop where you sell t-shirts you might actually need more money than starting an incredibly niche expensive dropshipping store.
If you want to sell something that everyone already knows about your competition will be steep and advertising prices will be steeper.
However if you’re selling some $1,000 item that there are very few ecommerce stores for you might literally need ZERO investment money other than the domain and Shopify prices.
You Don’t Really Need Anything
If you want to compete on Facebook ads obviously you going to need thousands of dollars to even begin to turn a profit, this is the unfortunate truth. However if you’re in a niche that could never make money without advertising spend then this is not suitable for a beginner and I highly doubt anyone other than beginners are reading this article.
DO NOT ENTER A COMPETITIVE NICHE.
You will get nowhere, lose motivation and give up.
You need to find a niche that doesn’t have 7000 results on Google.