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Feb 2019 Product

Shopify Profits 101

Shopify Profits 101

Creating an online store was a long, complicated process. You had to register a domain, set up hosting, install a pain-in-the-butt script, troubleshoot when it invariably went wrong, set up payment processors… it just went on and on. It could take weeks or even months to open the doors!  
Then Shopify came along and made it easy for absolutely anyone to set up an online store in a few hours. Even if you only have a little time each day, you can have a site running and making money in as little as a weekend. It’s literally so easy to use that a pre-teen could have a site online in a day or two!  
We’re going to take you step-by-step through the process of setting up a Shopify store, and it’ll only take a few hours to be up and running! Sure beats weeks or months, doesn’t it? 
Table of Contents
Choosing a Market
Starting Your Store
Google Analytics
General Settings
Meta Information
Tax Setup
Checkout Settings
Payment Processing
Product Management
Adding a Product
Adding a Product Image
Adding Product Details
Shop Appearance
The first step in the process is choosing a market. You may already have your market in mind, and that’s great. But you should do some market research in order to ensure the market is likely to be profitable. Additionally, you may want to   
They have a guide that will tell you information about what is selling, which markets are trending, etc.  
Here are some ideas for criteria you should use to decide if a market is viable or not:  
1. Average order should be at least $50. This doesn’t have to mean individual products are $50 or more, but the full order should be over $50. (And larger is obviously better.) 
2. Profit margins should be at least 20%. This means electronics are generally out, because profit margins are notoriously low. Find products with good margins. 
3. Customers are likely to return often. Is your product something most people would only ever buy once? You want to find a niche where the average shopper will come back to buy more from you in the future, because it costs much less to sell to a recurring customer than it does to find new ones. 
And Much Much More..
Master Resell Rights License
[YES] Can sell and keep 100% of the sales
[YES] Can edit the sales letter and graphics
[YES] Can be bundled into another paid package and sell at a higher price
[YES] Can be used as a bonus to another product you are selling
[YES] Can be added into a membership site
[YES] Can pass on the Resell Rights privilege to your customers
[YES] Can pass on the Master Resell Rights privilege to your customers
[YES] Can be given away for free
[NO] Contents of the product can be edited, modified or altered
[NO] CANNOT be sold with private label rights
No Liability
Under no circumstances will the product creator, programmer or any of the distributors of this product, or any distributors, be liable to any party for any direct, indirect, punitive, special,incidental, or other consequential damages arising directly or indirectly from the use of this product This product is provided "as is" and without warranties.

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