Realistic Shopify Dropshipping Startup Budget for 2021 #shorts

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When starting a Shopify dropshipping business, the budget will largely depend on the size of your business and the products you’re selling. Generally, the following budget is recommended for 2021:

1. Website & Monthly Fees: The initial cost of creating and setting up your website can vary depending on themes and design. You will also need to pay a monthly fee for Shopify ( to 9).

2. Advertising: Advertising is the key to making your business successful, and this is where most of your budget should go. You should plan to spend between 10%-20% of your revenue on ads.

3. Shipping & Returns: Everyone needs to pay for shipping, and returns can also get expensive. You will need to factor these costs into your budget, as well as any costs associated with packaging.

4. Inventory: Your inventory will need to be tracked and stored, so you will also need to plan for additional costs here.

5. Miscellaneous: There are always unexpected expenses that pop up when running a business. Make sure you budget for these costs and have a buffer in case things go sideways.

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