When you set out to build a Shopify store and make $10,000 per month, it’s important to break down exactly how you’ll get there. Sure, it’s possible, but you need a plan—and that plan involves pricing your products, figuring out your conversion rates, and knowing how much traffic you need to hit your revenue target.
In this guide, I’ll walk you through real math and examples based on actual scenarios of store owners who are hitting the $10K/month mark.
We’ll break it down into simple numbers, covering pricing, product sales, conversion rates, and how you can reach that $10,000 per month goal. By the end, you’ll know exactly how to structure your store, products, and marketing efforts.
Of course, there are no guarantees you’ll get there, but with the right models, formula, and discipline to do the work, it’s possible.
Let’s dive in.
Step 1: Choose Your Products and Price Them for Profit
The first thing you need to do is figure out which products you want to sell. Your products will determine how much you need to sell to hit $10,000 per month.
Let’s say you’re selling fitness equipment—a popular niche with high demand. You’ll need to pick products that align with your target audience’s needs and price them accordingly.
Example 1: Selling $50 Fitness Gear
Let’s assume you’re selling resistance bands for $50 each. Here’s the math:
- Price per product: $50
- Goal: $10,000 in revenue per month
- Sales needed per month: $10,000 ÷ $50 = 200 products per month
So, to reach $10,000 in sales per month, you’ll need to sell 200 resistance bands.
Example 2: Selling Higher-Priced Products
If you want to sell higher-end products, like adjustable dumbbells priced at $200, the math changes:
- Price per product: $200
- Goal: $10,000 in revenue per month
- Sales needed per month: $10,000 ÷ $200 = 50 products per month
With a higher price point, you need fewer sales to hit your revenue target—just 50 products instead of 200.
Step 2: Determine Your Conversion Rate
Your conversion rate tells you how many visitors to your store actually make a purchase. The average conversion rate for Shopify stores is about 1-2%—meaning, for every 100 visitors, 1-2 people will make a purchase. But this can vary depending on your niche, website design, and marketing efforts.
Example 1: Conversion Rate of 1%
Let’s say your store has a 1% conversion rate (on the lower end). That means for every 100 people who visit your site, 1 person will buy something.
- Sales goal: 200 units per month (as we saw earlier with $50 products)
- Conversion rate: 1% (1 out of every 100 visitors)
- Traffic needed per month: 200 sales ÷ 0.01 (1% conversion rate) = 20,000 visitors per month
To sell 200 units at $50 each with a 1% conversion rate, you’ll need to drive 20,000 visitors to your store each month.
Example 2: Conversion Rate of 2%
If your conversion rate is higher—let’s say 2%—you can achieve the same sales with fewer visitors.
- Sales goal: 200 units per month
- Conversion rate: 2% (2 out of every 100 visitors)
- Traffic needed per month: 200 sales ÷ 0.02 (2% conversion rate) = 10,000 visitors per month
At a 2% conversion rate, you only need 10,000 visitors to hit your 200 sales goal.
Step 3: Drive Traffic to Your Shopify Store
Now, the real question is, how do you get those 10,000 to 20,000 visitors per month?
There are several ways to drive traffic to your Shopify store, including Pinterest, Instagram ads, Facebook ads, and SEO. Let’s break down some methods and how they can help you achieve your traffic goal.
Example 1: Pinterest (Free Traffic)
Pinterest is one of the best platforms for organic (free) traffic. If you’re selling fitness equipment or other visually appealing products, Pinterest is a goldmine. By creating pins that link directly to your product pages, you can start driving traffic to your Shopify store without paying for ads.
Let’s assume you’re able to get 5,000 visitors per month from Pinterest. You still need another 5,000 to 15,000 visitors to hit your goal of 10,000 to 20,000 visitors per month. But that’s a solid start with zero cost.
Example 2: Facebook & Instagram Ads (Paid Traffic)
Paid ads are another way to ramp up your traffic quickly. Let’s say you start with Facebook and Instagram ads and allocate a budget of $1,000 per month for ads.
- Cost per click (CPC): On average, Facebook and Instagram ads cost around $0.50 to $1.00 per click.
- Traffic goal: You need 10,000 to 20,000 visitors per month.
- With a CPC of $1: If each visitor costs $1, then you’d pay $10,000 to $20,000 for that traffic. But you can get better results if you optimize your ads to drive more targeted, cost-efficient traffic.
Let’s say your ad campaign performs well, and you get 5,000 visitors for $500—then you’re halfway to your goal.
Example 3: Influencer Marketing
Influencer marketing can quickly grow your customer base and bring in targeted traffic. For example, Sarah, who sells skincare products, worked with a few influencers with 50,000 followers. By paying them $500 per post, she generated 5,000 visitors in just one month.
Step 4: How to Scale to $10K/Month
Now, let’s talk about scaling. You’ve figured out your pricing, conversion rates, and traffic generation. Here’s how to make it easier to hit the $10,000/month goal and beyond.
Example 1: Increasing Average Order Value (AOV)
If your average order value (AOV) is $50, you’ll need to sell 200 units per month to hit $10,000. But what if you could increase your AOV to $75 by bundling products or upselling?
- New price per order: $75
- Sales needed per month: $10,000 ÷ $75 = 133 products
With a higher AOV, you only need to sell 133 products instead of 200.
Example 2: Increase Traffic and Conversion Rates
Another way to scale your sales is by increasing your traffic and conversion rates. If you can boost your traffic by 25% and increase your conversion rate by just 1%, you’ll see a noticeable increase in sales.
- Conversion rate: From 1% to 1.5%
- Traffic: 25% more visitors (from 10,000 to 12,500 visitors per month)
In this case, you’d be able to reach your $10,000/month goal with fewer sales, thanks to a higher conversion rate and increased traffic.
Conclusion
Making $10,000 per month with a Shopify store is achievable, and breaking it down into manageable chunks of math makes it even easier to understand. Here’s a quick recap:
- Sales needed: Based on your product prices, calculate how many units you need to sell each month.
- Conversion rate: Determine how many visitors you need based on your conversion rate (1-2% is typical).
- Traffic generation: Use free methods like Pinterest or paid ads like Facebook to bring in the visitors you need.
- Optimize: Focus on improving your average order value and increasing traffic and conversions to scale up.
If you’re serious about growing your Shopify store, start today with Shopify: Shopify. You can also use MailerLite for email marketing and Repurpose.io for automating content across platforms: MailerLite and Repurpose.io.
Ready to get started? Join my Blueprint Coaching Group for even more actionable insights: Ballen Blueprint.
Leave a Reply