SHOPIFY in a Nutshell & Trustworthiness
+ Simplifying online-store process for small merchants
+ Make available an array of important tools including payments, marketing, shipping and customer engagement tools for online retailers
+ More than 1,000,000 businesses in approximately 175 countries as of June 2019
+ The total gross merchandise exceeds $41.1 billion for year 2018
How does Shopify works?
+ Shopify is an e-commerce platform that lets you create an account with them for you to sell your products online
+ You need a website & a domain name to get you started. You can do so by signing up with them to own a personal website for your online store
+ Shopify has 3 plans, their basic plan is only $29 per month
+ In response to Covid-19 you can get an extended 90-days Free Trial to test the platform instead of the 14-days Free Trial. No credit card is needed
+ 1 Popular way of making money with shopify is through drop shipping; a retail business in which a store owner does not own the product he/she is selling; But working with a third party supplier who is the actual owner of the product that ship the product directly to the purchaser on behalf of you
+ Another way is through stock inventory meaning you have an actual product on hand you want to sell where you will be in charge of shipping the products to your customer
+ Shopify plays a role as a host to your business while you focus on the marketing of your products
How much can you earn on Shopify?
+ Sky is the limit but it all depends on how your marketing goes
+ If you convert at an average of 1-2%, you would probably convert it to 100-200 sales
+ If your average order value is $100, and you have a net profit margin of 30%, your profit will be roughly between $3000-6000
When do you get Paid from Shopify?
+ It takes 5 days plus the number of days remaining until Friday
+ As an example, if your customer make an order at your store on Wednesday, your funds from that order will be sent to your bank account on the Friday of the following week which is 8 business days later
+ More on Payments: here
Where do you Register?
Sign-up for your 90-days Free Trial here:
Get Premium Coaching on how to be a successful Instructor / Trainer:
More learning materials / guides?
Training Guides to get you started. Free download:
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Video on Shopify Tutorial