Shopify is by far the most popular e-commerce platform specifically built for e-commerce stores. Shopify is a Canadian corporation that has web solutions perfectly created for e-commerce stores. Shopify has one advantage over many online e-commerce web solutions. Shopify is very easy to use. Even a first time user can get the hang of things in less than a day. The ease of using the platform makes it a small business favorite. Shopify is already powering more than 2 million e-commerce stores.
The advantages of using Shopify platform
In e-commerce first impressions matter. Shopify has a large variety of themes. Their themes are amazing. If you are an e-commerce business owner looking to develop a great user experience for your customers then choosing Shopify themes is the best decision.
The best advantages of Shopify are that they give you a 30-day free trial. During this trial period, you are able to create your e-commerce website. Shopify has a perfect integrated system at a cheaper price. The price for the Shopify platform is 29 US dollars per month. However, if you subscribe for a year you only have to pay 199 US dollars.
A lot of small businesses would choose Shopify over Amazon due to the fact that Shopify offers the business a chance to create a unique store. There is not enough space to create a unique site on Amazon. Shopify, on the other hand, offers the seller a chance to create and market his/her brand to customers.
The disadvantage of Shopify platform
In comparison to websites such as woo-commerce, Shopify has a hefty price. Ipage web hosting costs $24 per year compared to Shopify 199 US dollars. This makes Shopify more expensive than using shared hosting platforms. This is one criterion where Shopify has to compete with shared hosting platforms like Godaddy, ipage, and Bluehost.
There are certain things to first consider when choosing a Shopify theme. Shopify is an integrated e-commerce platform. Most first-time e-commerce sellers looking to create a unique website will almost certainly choose Shopify. One positive that a lot of e-commerce users’ state is the ease of use. Almost anyone who can use a social media site like facebook can use Shopify. Shopify is mainly used by small business owners or individuals. This does not mean large companies cannot use Shopify. The site has packages for basically everyone.
Your Shopify theme must be easy to navigate
The main purpose of e-commerce is to generate profit. In order to generate profits, one must be able to drive customers to their website. Your Shopify theme has to look familiar to customers. Familiarity will cause customers to know what to do when they get to your e-commerce store. Most Shopify themes have a conformist layout and design. This helps the customer to navigate the store easily.
Important pages like the checkout pages are created in such a way that customers can easily check out their products. Poor theme designs and its effect on customer behavior
Poor theme designs have a negative effect on customers. Especially if the theme looks unprofessional. This is a major turnoff for prospective customers. Some poorly designed Shopify themes may have an unfamiliar look. This unfamiliar look will have product images placed in the wrong place.
The importance of choosing a cheap Shopify theme
The most important thing to do is to think of the amount of money you want to spend on a Shopify theme. Some Shopify themes are complex but very expensive. The best e-commerce stores are actually not very expensive and they don’t take too much time to set up.
Maintaining an online business for small and medium-sized companies can be tough because of the competition and many other factors. Shopify is very well-known among such companies having difficulties in their e-commerce business as the platform helps to manage companies their online business, provide a solution for website customization, ready to use a template and also helps them with payment solution. If any of these factors go wrong they take away the focus of the owner from business and Shopify takes care of them pretty well. 2017 was a very important year for Shopify and I think it was just the beginning.
Financial growth:
The company was public in the second quarter of 2015 and the financial status of Shopify in the third quarter just represented what the investors have to expect from this young company. The growth revenue increased $171.5 million which is 72% year over year with the loss of $12.7 million which is 7.4% of revenue.
Latest improved Shopify features:
Shopify added a new feature in 2017 named Shopify pay, which was for the comfort of merchants as for Shopify merchants are the backbone of company’s business. This feature was a big success which increased conversion rate by 18% for returning customers and reduced checkout time by 40%. They also introduce chip and swipe reader which works with the chip technology on credit cards. They made a new plan for Shopify plus which operates large and multi-channel businesses like red bull, Arby’s, and Blue Diamond which generates $5.3 million dollars or 20% of the company’s revenue.
Success attracts attention:
The year 2017 was not all good for Shopify. In October, claimed that the company is just “get rich quick scheme” and most merchants of Shopify were just fooled by the promise of an easy way to make money. This caused the stock fall of 21% which was the largest drop in Shopify’s history. Later on, Shopify’s founder and CEO confirmed: “the company was targeted by a short-selling troll who made all sorts of preposterous claims”.
A memorable year for Shopify:
Shopify has a revenue growth of 70% year over year. It has remarkable financial growth records of 340% since debut and 135% in 2017. The company now supports 500,000 merchants in 175 countries. I must say it has faced a lot of challenges but it continues to execute the mission to make e-commerce better for everyone.
Shopify online weed store is ready to take off in Canada. The e-commerce giant based in Ottawa, Ontario, will be handling the online selling of cannabis in Ontario, according to reports. Shopify will be partnering with Ontario Cannabis Retail Corporation (OCRC) to tap into the thriving legal weed industry in the area.
Shopify online weed store prospects
The sale of legal marijuana is growing in North America. A report by Arcview Market Research and BDS Analytics predicts that legal weed sales have hit $9.7 billion in North America alone in 2017. The figure represents an increase of 33 percent from sales recorded in 2016. The same report predicted that the legal cannabis market would grow to nearly $25 billion in 2021 as more states in the US legalize marijuana.
Canada is also expected to further fuel the growth of the legal cannabis market. After all, the cannabis black market in the country is said to ship nearly half a million kilos a year. That’s a lot bigger than the legal weed market in the country which ships around 33,000 kilos of cannabis to more than 150,000 patients across Canada.
Ontario is a big market and provides huge growth prospects for Shopify. It has more than 13 million people. It also has the largest city in Canada, Toronto. Deloitte estimates that the retail market for legal weed in the country has the potential to hit $8.7 billion a year with the consumers in Ontario accounting for more than one-third of the sales.
Shopify online weed store isn’t the pioneer in selling cannabis online in Canada. In 2017, the biggest publicly traded cannabis company in Canada launched an online store. Canopy Growth Corporation launched the Tweed Main Street store in April 2017.
How Shopify online weed store works
Cannabis sold in Ontario will be sold exclusively through OCRC outlets instead of privately owned dispensaries. The OCRC will use Shopify for its online and mobile system. Shopify online weed store will also be tapped nside OCRC outlets for handling of transactions, displaying product information and managing human resources and inventory.
The OCRC eyes to open about 80 weed stores by the summer of next year with another 150 stores to be launched the following year. It expects to get more sales from its online business especially from remote towns where it won’t have any outlets.
3 Reasons This Is Only the Beginning of Shopify Inc.’s Rally
Shopify is the service provider of e-commerce and year 2017 was a big year for it. All of the stock of Shopify had finished with triple-digit gains. According to the first month of 2018, this year will go very well for them if it goes by like this for the rest of the year. Shopify is likely to repeat last year’s performance for many years to come, following are the reasons to put the stock on your shopping list:
Favourable trends for the shopify shop:
There’s no denying that e-commerce is catching the attention of many from the past few years, but some of the investors might think it’s an old news and has a large capability of growth potential. As investor Luke Lango raised a very good point, shop stock sales grow steadily every year but in e-commerce sales, there is consistent raise of 15% per year and it is 9% of total United States’ retail sale. Shopify provides the opportunity to grow small businesses into medium-sized businesses. Although, a healthy economy is a very important factor here as small businesses don’t have money to afford Shopify.
New services of an improved shopify shop:
Shopify was working on the improvement of their services to gain more sales merchants. In 2017 they improved their payment process and introduced Shopify pay, which helps it to increase returning customers conversion rate by 20% and reduced checkout times. Shopify earns a lot of money from new sign-ups and referral codes which makes their customers engage and attract new customers.
Shop’s growing capabilities:
Shopify does well when merchants do well, for every sale customers make it gets some amount of that sale. The transaction fee also plays a vital role in shop’s revenue. Shopify isn’t just making money from new customers and subscriptions, like last year an analyst asked them about their referral network and whether the stock is actually worth the price tag of a triple digit. While the company didn’t let this pessimism stand their way, the shared price came out successfully.
E-commerce giant Shopify is set to become a major player in Canada’s legal-weed market
Shopify has set foot in legal weed industry in Canada, it is now providing weed in the province of Canada legally. The population of Ontario is 13.6 billion, which is the most populated province of Canada with the biggest city in Canada and financial centre. According to an estimate, the consumed amount of cannabis in Canada is 8.7 billion every year and Ontario consumes one-third of Canada’s population. It is a huge market Shopify will handle cannabis market in partnership with Ontario Cannabis Retail Corp.
According to their plan, the cannabis will be available at the outlets of Ontario Cannabis Retail Crop in Ontario rather than selling it in privately owned dispensaries.
According to a Canadian Press report, the Ontario Cannabis Retail Crop will use Shopify in all of its outlets to display information of the product, to make a record about a transaction, check and record sales and manage human resources.
Ontario Uses Shopify
Liquor Control Board of Ontario which controls the liquor sales in Ontario will use Shopify for its online and mobiles sale’s system. Its CEO George Soleas said to the Canadian press, “We look forward to combining our expertise as a socially responsible retailer with Shopify’s world-class commerce solutions to deliver the safe, informed and reliable shopping experience that our new customers will expect”.
The government of Ontario has chosen Shopify as a distributor of cannabis in the province which adds 2 billion dollars to gross merchandise volume per year. Prime Minister Justin Trudeau said Canada will legalize Cannabis by July 1, by the central government also.
The Ontario cannabis retail crop is planning to open 80 more outlets in Ontario by the year 2019 and 150 more by the year 2020.
The instant demand for cannabis in Canada is totally beneficial for Shopify. OCRC will contribute approximately $480,000 to high margin revenue and on a low margin revenue, it will be approximately $50 million with $6 million gross profit.
US retail giant Walmart has officially announced buying a majority stake in the biggest e-commerce platform in India, Flipkart. The Walmart and Flipkart deal, valued at $16 billion, represents the latest move by the US company to compete head-on with Amazon.
Walmart and Flipkart deal details
The deal ends 19 months of talks between Walmart and Flipkart. Walmart said it would initially purchase a 77 percent stake in the Indian firm and invest $2 billion in fresh capital into it. The two firms said they will continue to talk with other investors about potentially purchasing a stake, which means Walmart’s shareholding in Flipkart might be reduced.
Flipkart is the current market leader in the Indian e-commerce platform although Amazon’s new India site is giving it a run for its money.
Walmart and Flipkart deal: Who wins?
Still, the Walmart and Flipkart deal is considered a landmark for the burgeoning internet industry in India. This is perhaps the first time that an Indian internet start-up has received a huge valuation from a US firm.
Many of Flipkart’s employees, including its investors, will get a lot of money from the deal. Co-founder Sachin Bansal, for instance, will become an instant billionaire when he sells his entire 5.5 percent stake.
However, many observers are not sure of the benefits of the deal to Walmart. While the Internet population in India is rapidly growing, the number of people who shop online is still not that huge.
Walmart has always been known for its physical stores. It has tried several times to cross over to e-commerce and challenge Amazon, which is the undisputed leader in the US.
Walmart and Flipkart similarities
Like Walmart, Flipkart has dealt with several challenges as well. In 2013, it faced the entry of Amazon in India. Amazon infused more than $5.5 billion into its Indian firm and offered extra features like Prime video streaming.
Making money online is a great skill but when you’re actually making money, what are the signs that you are rich?
Top five signs that you are rich
We want to show you what rich life looks like and serve as an anchor point to understand what aspects of your life could be improved. The world looks at the rich differently and well, some, marvel at their achievements but some vilify them. Those who are poor never look at how real fortunes are built, and most of them think that it has everything to do with luck or illegal things. But that’s not true because more and more people are making the financial leap by innovating and contributing to the world.
So what are the main signs that you are rich, that your “Shopify money” is making you a substantial amount of wealth?
1) If you were to stop working you could go more than one year (without affecting your lifestyle)
We all know the importance of money saved up or smartly invested before. The clear sign that you are doing well with your store is that if something bad happened and/or you couldn’t work your lifestyle wouldn’t be affected by it. Usually, beginners work for money (like everybody else) but wealthier c-commerce owners are able to outsource a lot of the process that is involved in making sales and maintaining their e-commerce, os they basically have their money working for them. The smarter you manage your store the more secure your reality is. So the rich e-com owners could stop working all together and never go broke because of how well they structured everything. Do you agree on the first of the signs that you are rich?
2) You think that earning 250k a year isn’t a lot of money
Everybody wants to get to that “paycheck” until they realize that quarter of a million isn’t that much. Someone might be shocked by this but earning 250k a year isn’t that much money. Of course, things can vary depending on which country you live in. Why It’s not that much? Well, after paying for personal expenses and paying all your taxes you are barely left with anything But you might get smart about it and place into an investment portfolio, or directly reinvest it into your personal e-commerce business that gets you a solid ROI.
3) You don’t feel stuck
Do you feel like you can leave every time you want, and you’re in charge of your life? If yes then you are probably rich! One of the major benefits to be financially secure is that you have options. Unless you want to your days can look different. And you don’t have all that “being stuck feeling” eating you from the inside.
Comfort is appreciated but being too comfortable takes away from your inner nature to improve and constantly move forward. You feel like the world is yours for the taking and hell yea you’re coming after to everything the world has to offer. Let’s check other signs that you are rich
4) You are confident that you could start over and things would work out
This is when you really know you are rich because your success is no more dependent on circumstances or environment.
You as an individual are worth a lot. Your knowledge, your skill set is improved so much that even a dramatic change and the need to start over from scratch could not stop you. Yes, it would be a hell of hard and time-consuming, but you know that you will still get it.
People usually underestimate the importance of investing in their self(eg. learning how to do Facebook ads ). A few know that this kind of investment usually pays the best interest.
Once you know how to make money that knowledge doesn’t go away.
5) You aren’t motivated by money alone
This is one of the greatest signs that you are rich…
One of the beautiful things about being rich is that money doesn’t control you. You want it but you don’t need it. Because of this subtle differences, you can do what you truly like and have more free time for it.
If you are rich the cha-chin sound of Shopify doesn’t sound that good anymore if you can’t build a legacy from it. You have now the power of helping others and a great impact on the world before you are gone.
How can you promote a product? Here there are some tips you can apply.
Let’s get directly to some of the best advice on how to promote a product
You’re at the helm of a young and successful Shopify store or e-com business. Your products are great and customers love it. So you have the product, the platform (Shopify) but you don’t know how to market and sponsor your product. What you need is a killer promotion, a plan and multiple ways to be able to promote your amazing products.
But before watching at multiple ways to promote a product you need to optimize the back end: a promotion strategy
Optimizing Your Promotion Strategy
Always aim to increase demand for your product. Prior to anything, find out a way to optimize your promotions in order to create a greater demand for it. How? Increasing brand awareness and creating a community around your brand is crucial. Bonuses, special offers, flash sales are also great ways to make customers crave your product.
Regardless of the path you take, keep your end goal in mind: You want to make your customers want your product.
Best ways to promote a product
Giveaways
Giveaways can be an extremely easy and flawless marketing approach in order to promote a product launch. This tactic is also time efficient and time-saving. But why it is so powerful? Everyone loves to receive gifts and free stuff in general. Therefore giveaways can produce a lot of (good) rumors around your brand and also a lot of interest
“While giveaways have their drawback of attracting people with little interest in your company besides the free goodies, the strategy itself is one with immense potential especially if you create your sweepstakes with clear objectives and requirements.
Forbes
Create a Facebook campaign
Create an amazing campaign on Facebook before the actual conception of your product. A teaser campaign sends a message to the social media world that something exciting is about to happen. Even if you do not end up creating the exact product you have originally hoped for, you have probably developed relationships across social channels, giving you a great opportunity to take the launch process to an entirely new level.
If you ship packages you may know why shipping times are so important.
But Now let’s give a look at the “big scheme” in the world of packages.
International shipping has become such an everyday part of our lives that we often don’t even think about how packages end up at our front door.
In reality, international shipping is a complex process with many moving parts and a history that is directly tied to the rise of aviation.
People buy a lot of things online and as a result, 7.4 billion packages travel around the world each year, arriving in a few days and sometimes in a few hours too.
This means that on every given day over twenty million of packages travel around the world. Who ship this packages? How do they travel?
Major companies like FedEx, local post services, DHL, and Amazon.. they fly above us in the sky and pass on the highway.
How to Ship Packages faster than everyone?
Yes, you guessed it by the title of the image.
Epackets are powerful for drop shippers and let me explain why.
If you do dropshipping with Shopify you will probably use Aliexpress. WHat’s the problem with that?
Shipping times are obnoxiously long and often clients ask for a refund or a chargeback. You can avoid all this with just $1. Yes, that’s how much ePackets costs. So with just $1 you can decrease dramatically shipping time. A decrease from 1 month to 1-3 weeks is a huge advantage over your competition.
By doing that you will also dramatically reduce the number of mad customers, refunds, and chargebacks.
Golden Nugget:
ePacket is the key to a faster and better shipping experience. But we can tell you that there is a better way to ship packets.
This is how you can ship packets to your clients faster and more efficiently than nearly everybody else.
What you have to do is combining ePacket and shipping zone.
Let’s consider a scenario. You want to sell watches and you are form the USA. so you feel comfortable selling in your country
In order to combine these two options, you have to choose items with ePaket and that have warehouses in the country you want to ship to.
By doing that you reduce shipping time by having a extraordinary advantage over your competitors.
Competiotion is good only when you beat competition.
