How Much Money Do You Need to Start Dropshipping?
Have you wondered how much it costs to start dropshipping? Here, we will calculate how much you need to start a dropshipping business on WordPress according to your needs.
There are many ways to start a dropshipping business, the preferred platform would be WordPress; a website built on WordPress fully belongs to you, and gives you total control and ownership over your business. If you already have a WordPress site, then read to learn how to start a dropshipping business without going bankrupt (using dropship spy tools). Now, let’s find out how much dropshipping costs in 2021!
Minimum budget: about 150 dollars
To start a dropshipping business, you will need these must-have elements:
- a domain name
- a CMS
- dropshipping software
This is the bare minimum of what you need to start. You can get a domain name for your website on GoDaddy.com or NameCheap.com, or any other domain providers out there, just type an idea into the search field to see various suggestions for domain names. The majority will cost you about $10 for the first year. Keep in mind that the price will increase after the first year. Okay, so a domain name will cost about $10 (even for the top shopify stores).
You’ll need to pay for hosting; it is a service that provides you with all the resources required to show your site on the internet. It’s a server you rent to run a website, you can either find a hosting service on your own, same as domain searching (most domain sites will offer you hosting services as well). Choose our silver plan if you want to minimize your dropshipping startup costs as much as possible. Don’t forget that you’ll need to pay for the hosting each year.
Now you can create a real website. However, you’re going to need a CMS, a Content Management System. It is recommended to use WordPress, since it’s absolutely free and rather simple to use. It’s free to download from the WordPress website. Use it as a basis for your business.
The last thing you’ll need is some sort of software that can turn any simple website into a dropshipping business. It’s critical to have a software to automate many tasks such as searching for suppliers and importing product imagery and descriptions. For a one-time payment you can find good plugins that simplify the complexity of setting up products for your website. One super convenient solution.
Adding all those up, a dropshipping startup in 2020 will cost around $150. That’s a small investment to make for a fully functional, fully-customizable dropshipping business. Once you install the plugin, adding your desired products, and designing your website, you will have a professional online shop ready to bring in customers and orders.
Medium Budget: $350
If you have some extra budget to spend, we can see how much dropshipping will cost if you elevate your plugin services. It’s always an option to set your website through a company that specializes in setting up such websites; they will create a dropshipping store based on your ideas from scratch. In this case, you will still have to pay for the first year of hosting, plus now you will also have a fee to pay for that company for the entire creation of your custom store.
Each basic package includes all the elements necessary to start a dropshipping store such as:
- the ecommerce plugin
- a domain name
- a free website theme
- payment gateways
- a few products within the niche you choose, and much more.
Here, if you add up the hosting cost with the custom store fee, starting a dropshipping business with professional team’s help will cost you $350. It’s much more than $150, but if you have the budget for it you should give it a try. With one payment makes you the owner of your own dropshipping store.
If you don’t want to start your business from scratch (even with help), the industry has an easy solution for you in the form of fully-functional established stores. Not only these sites are not just niche-targeted and designed with hot-selling products, but also each website already brings in a monthly revenue and traffic.
How to start dropshipping with $0?
By now you must be thinking if it’s possible to go from $379 to zero cost. It is possible if you have a WordPress website. Install the right dropshipping plugins, which allow you to import up to 50 selected and pre-edited products from the curated product database for free. Yes, zero cost for neat product pages of expert-selected, high-volume selling items, so you can start a marketing campaign immediately.
The plugins don’t require anything aside from having WordPress as your site platform. High sellers' products for no money is a great deal. If you see success with these free products, remember you can always get more hand-picked items by buying additional packages.