How Much Does It Cost To Start A Dropshipping Business In 2024? [6 Options]
Well, here is the #1 dropshipping FAQ: how much does it cost to start a dropshipping business in 2024? So let’s figure that out!
Time goes by, but starting your own business is still the most attractive and reliable option to get a stable source of high income.
Are there any ways to start a business easily and with a small investment? In fact, there are a number of options that look really tempting. Due to the fact that ecommerce is growing rapidly, dropshipping is undoubtedly one of the surest and most promising ways to start your own venture.
So how much does it cost to start dropshipping in 2024? Do you really need thousands of dollars to get into dropshipping? In practice, how much funds should you have to start thinking of your own venture? And with whom is it better to build your business if you want to start dropshipping easily with a minimum budget?
Is dropshipping still profitable in 2024?
You might be thinking that dropshipping has hit its peak, that it’s not reasonable to start a dropshipping business in 2024. However, let us convince you otherwise!
Dropshipping businesses are still thriving in 2024 simply because they offer a lot of advantages that other businesses do not.
First off, it doesn’t get easier than setting up a dropshipping business. All you need is an online store and a reliable supplier. Secondly, you can easily scale a dropshipping business. How is that? Well, since you don’t have to buy products in advance and store them, you can seamlessly add products to your store without having to worry about inventory or fulfillment.
For that same reason, since you’ll save money on not having to purchase anything in advance, you can put that money to good use and invest in your marketing and advertising.
With dropshipping, you can avoid the initial startup costs required to start a traditional business.
The future of ecommerce
Still not enough? Well, if you don’t trust the word, maybe you’ll trust the numbers? If we look at the numbers, it’s safe to say that dropshipping in ecommerce, in general, is thriving! The global retail e-commerce CAGR is estimated at 11.16% from until 2027.
Furthermore, small businesses are witnessing a 30% increase in conversion rates through smartphone devices. On top of that, according to Statista, by 2025, more than ten percent of all retail sales in the United States is expected to be generated via mobile commerce. These statistics show the importance of adopting your online store to be mobile-friendly to attract more potential customers.
What makes dropshipping especially great is that you’re not limited to your geographical location. You can target any market you like and sell to it. This means that with more Internet users you get more potential customers. Once your business starts growing, you should consider expanding it to broader markets.
How much does it cost to start a dropshipping business: a minimum budget
How much does it cost to start a dropshipping business? Okay, let’s review a couple of options to get your dropshipping business started. What are the alternative ways to create an ecommerce business in this case? And how much will it cost you?
Let’s go step by step and work out the minimal budget you need to start dropshipping in 2024!
First, we should figure out what things are necessary to launch an online store.
Since dropshipping allows you to avoid the difficulties of any brick and mortar business, there essentially are only five steps to launching a store:
- Choose a niche
- Create a website
- Find suppliers
- Add products to your site
- Come up with a marketing strategy
How much does it cost to start a dropshipping business? Well, let’s move on to the figures!
Expenses — $0.
There is no need to pay money. Besides, if you don’t want to spend any time on carrying out research by yourself, there’s an easy solution. Our team offers you a free niche research tool that estimates the niche potential and even gives some recommendations on how to use it in your business most efficiently.
However, you should understand that choosing a niche for your business plays a crucial role in your future success. So if you have an opportunity to pay particular attention to this stage of your business launch, we recommend that you learn more about the service our marketing experts offer – it’s Deep Dropshipping Niche Research.
Expenses — $134.
Now let’s take a closer look at creating your site. What do you need to get it? Here is the list of the must-haves:
Expenses — $10.
To launch your dropshipping business, you need to buy a domain name. Simply speaking, your domain name is the address of your website. It’s unique and it lets customers find your site on the Internet. On GoDaddy.com, you can buy a decent domain name for about $10 for the first year.
Expenses — $48.
The next step is hosting. In other words, you need a server for your website. You can search for one on your own or use our service. Please pay attention to hosting from AliDropship. It suits dropshipping perfectly and costs only $69 per year.
WordPress content management system (CMS)
Expenses — $0.
Now, you’ve got a domain name and a hosting provider. What’s next? It’s time to build your website now!
Go to WordPress.org and download its software to your server.
The beauty of this software is that it’s absolutely free. You spend $0 again.
Expenses — $89.
The next thing you need is the AliDropship plugin. It’s going to wrap up the process of creating and running your online store.
By the way, the AliDropship Plugin price hasn’t changed for many years!
But, we’ve got a surprise for you. A little lifehack: just use the ‘STARTER15’ coupon code as it’s shown in the picture below. This way, you save $13, and pay less than $76!
Here, on the same page, you can also put a tick and add hosting for 1 year, which we’ve already mentioned.
Now when you’ve done it, there is one last thing left. Customize your website as you’d like to. Naturally, you don’t need to pay yourself for your own efforts 🙂
Let’s sum it up! Your domain name is going to cost you about $10. Plus, you’ll spend $145 on hosting and the AliDropship plugin combined. The rest is available for free.
So the total price for your website is $155.
Suppliers and products
Expenses — $0.
The next step is to find a reliable supplier you are going to deal with.
But the question is, how to do that? How can you find such a partner that will provide your clients with high-quality products?
All you need to do is go to AliExpress and make your choice. Please pay attention to our guide on how to find a dropshipping supplier. What we’re interested in is the price. And you don’t need to pay any fees to anyone.
When you’ve chosen your business partners, you can add products to your online store.
You’ve already got the AliDropship plugin. This means you can import as many dropshipping products from AliExpress as you want. You pay nothing for this.
However, if you’re eager to make the most of your business, you should consider your product strategy completely. The fact is that you need to have several extremely popular products in your online store that you’ll advertise. These products are supposed to bring you most of the profits.
So if you want to find a really promising product for your business and not make a mistake at this essential step, let our dropshipping experts find a winning product and consider an ad strategy for you!
Expenses — $0.
In fact, you can reduce your marketing costs to a minimum and promote your online store yourself with $0. In this case, it’s a great idea to learn about SEO as much as you can. Search engine optimization (SEO) is one of the most powerful free marketing tools you could have under your belt. If you properly optimize your website in general and product pages in particular, people will naturally come across your online store.
Websites such as Quora.com could be great sources of free traffic to your store.
People post all sorts of questions there. Reply to those that your target audience might be interested in. Don’t forget to include links leading to your site in to your answers.
You need to create accounts on these platforms, find communities related to your niche, post comments, and so on. In other words, you should manually promote your store there.
Yes, it takes quite a lot of time. If you want to save it, we recommend you pay attention to the Social Rabbit add-on and pass the torch to it.
The best news here? You can start with the Rabbit’s FREE 7-day trial before making your final decision! And of course, you are more than welcome to rely on useful marketing tips in the special section in the AliDropship blog.
Well, we’ve found out that at least for the first time, there is an opportunity to get along without any marketing expenses.
It means you can spend only $155 to start your dropshipping business in 2024! Sounds tempting, doesn’t it?
Dropshipping startup costs: a medium budget
It may seem to you that despite the fact that it’s extremely cheap to start a dropshipping business, there are a number of tasks that require you to have special skills and a lot of time. This is exactly why AliDropship is happy to provide you with different options to launch your dropshipping venture.
Would you like our highly qualified personnel to take over technically complex and time-consuming tasks?
It means if you are ready to expand your budget a little bit, you can avoid some difficulties. And in dropshipping, you don’t really need much to get around many obstacles.
Let’s be honest. Getting a complete ready-to-go business for $500 is a good deal.
Yet, it could be cheaper if it’s the dropshipping business.
Here are two main options to get a ready-made online business AliDropship is happy to offer.
Get your own dropshipping store for free
How much does it cost to start a dropshipping business? The answer is: nothing! In fact, you can get your own dropshipping store from AliDropship FOR FREE. And within a moment, you’re going to be an owner of an online store built for you by a team of professionals according to your preferences only. Let’s look closer at what you actually get when you get a free store.
- 100% hassle-free start
Your business launch is organized by us from A to Z. Just let us know your preferences!
- No experience needed
Your store brings profits on autopilot and the management is totally beginner friendly
- Financial independence
You get an additional source of income and a brilliant opportunity to change your life for the better
Not bad, right?
But there’s more good news. AliDropship offers you thousands of best-selling products. We do the market research, you do the earning!
And what’s even better — after your free trial expires, it only costs you $39/month. That’s a steal!
So why pay for building your store, when that money can be invested in your PPC (pay per click) campaign, Instagram shoutouts, paid Facebook ads, Google ads, etc. This is going to drive more traffic to your site. These are the people which are highly likely to make a purchase in your online store.
Premium dropshipping store
Besides free dropshipping stores, AliDropship has developed one more option for you to get a quick and easy start in dropshipping. It’s all about dropshipping high-ticket premium products.
But what are high-ticket products, you ask?
Picture this: High-ticket products are like the rock stars of the shopping world. They’re glamorous sports cars, dazzling designer outfits, or cutting-edge gadgets.
But here’s the deal, these goodies don’t come cheap. And that’s exactly why they are so profitable to dropship. And we’ve got them all ready for you to grab and dropship!
Here is why high-ticket dropshipping is the best way to do ecommerce in 2024 and beyond:
- Huge profit margins
You sell products that give maximum profit potential possible, with margins of up to $5,000 per 1 sale
- Less competition
Dive into the premium dropshipping business model only available for the chosen ones — the high-ticket niche implies lowest competition possible
- Total freedom
You can put high prices on products and be sure they’ll sell, you also don’t need high sales volumes: 2-4 monthly sales to make an average wage of an office worker
- Easier promotion
The better the product, the less promotion is needed. You’re going to sell top quality products that people have already been searching for
- High-end customers
They are ready to pay you a lot: you’re going to sell to the richest audience segment, which means they don’t care if your prices are high
- High purchase intent
High-ticket customers are already searching for the specific products you’re going to sell, which means they are ready to buy right now
How much do such dropshipping stores cost?
Here is great news again: prices of the basic package is only $290.
What to get: free or high-ticket stores?
Free Dropshipping Stores suit those entrepreneurs best who are eager to start from the bottom: they will get to become an online entrepreneur completely for free, with zero risks or investments. However, you low risks means low rewards. And that’s where High-Ticket Stores come into play.
High-Ticket Dropshipping Stores suit those entrepreneurs best who want to make it big in the ecommerce industry. After completing a purchase of a high-ticket store, you will get the exclusive high-ticket products you can to import to your catalog.
Summing it up: how much does it cost to start a dropshipping business in 2024?
So let’s make a conclusion. How much does it cost to start a dropshipping business? Now you know the answer. The cost of a ready-made free FOR FREE with a 14-day trial, and the cost of your promotional activities is up to you. The cost of a high-ticket dropshipping store with 200 high profit margin products you can pick from, as well as 30 unique promo articles, is only a one-time $890 payment.
Actually, these dropshipping costs are not much for your own fully-functioning ecommerce business that has all chances to become your stable source of high income, is it? Fortunately, there is an option to get a prebuilt dropshipping store absolutely for free!
So how much does it cost to start a dropshipping business? ZERO. You can start dropshipping for free today and become rich tomorrow!
Are you eager to try your hand at dropshipping and grow a venture you’ll always be proud of? No big deal, actually — get a high-ticket dropshipping business now and build your own profitable ecommerce platform you’ve always dreamed of as soon as possible. So wait no more!