Learn simple ways to make your Shopify store more profitable. Get tips on pricing, picking products, and cutting costs.
Dec 5th, 2024
Running an online store isn't just about making sales - it's about making money after paying all your costs. According to recent Shopify data, stores that track their profits carefully grow 30% faster than those that don't. This guide will show you easy ways to make more money from your Shopify store.
Want to skip the hard work? ProductLair helps you find profitable products and track your margins automatically.
Many store owners get confused about profit and revenue. Revenue is all the money you make from sales. Profit is what's left after you pay for everything. A store making $10,000 in sales might only keep $3,000 as profit.
Studies show that stores tracking their profits are:
ProductLair helps you:
Read more in our 5 Best Product Research Tools guide.
Use these free tools to spot trends:
Keep an eye on other stores' prices with:
ProductLair's pricing calculator helps you:
According to Shopify's shipping report, high shipping costs make 50% of shoppers leave without buying. Try these tips:
Save time and money with:
Looking for products with high profit margins? Check out our curated collection of high-margin dropshipping products featuring items with 67-75% profit margins under $30.
Looking at numbers and trends helps you pick products that will sell well:
See What People Want
Check the Competition
Check if You Can Make Money
Talk to Your Suppliers
Manage Your Stock Better
Most good Shopify stores try to make $25-40 in profit for every $100 in sales. Some special products can make even more.
Try these ways to spend less:
No - think about:
That said, starting with high-margin products (67-75% profit) can help beginners become profitable faster with less capital. Browse our high-margin products collection to see quality products under $30 that maximize profit per sale.
Making more money from your store means picking good products, working smart, and setting the right prices. Use the tips in this guide to make your store better.
Remember to check how you're doing often and try new things. Good stores keep getting better over time.
Get our free tool to help you track your profits and get started!
Ready to grow your store? Try these steps:
Get our free profit tracking template and start making more money from your Shopify store today!
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