Shopify Online Store - Pros, Cons, and Costs
For every entrepreneur, an online store presents an opportunity to reach a wide audience. Unlike a physical store, an online shop can be accessed from anywhere at any time. That's why an increasing number of sellers opt to create their own online stores. One of the tools that can be used for this purpose is the Shopify platform. Below, we will describe how much it costs to create an online store on Shopify and whether investing in this platform is worthwhile.
1. Is a Shopify store free?
If you want to use Shopify, you need to follow a paid subscription plan. The cost of creating an online store on Shopify depends on several factors, including the chosen plan, customisation of the store's graphic design, and the e-commerce store's functionality. Shopify offers various subscription plans, starting from the Basic Shopify package (costing $32 per month) and ending with the Advanced Shopify package (costing $399 per month). Each package offers different services, and you can find their exact scope on the Shopify website.
2. How much commission does Shopify charge?
Shopify charges a commission for each transaction made through Shopify Payments, which is the preferred solution. The commission rate depends on the purchased plan and ranges from 2.4% + 30 cents per transaction for the Basic Shopify plan to 1.6% + 30 cents per transaction for the Advanced Shopify plan.
3. Is Shopify online store worth it?
Shopify is one of the most popular e-commerce platforms in the world. Users are happy to use the platform because of its ease of use, a wide variety of templates, including mobile-friendly ones, the ability to integrate with numerous applications, and technical support. Additionally, Shopify has an extensive order and inventory management system. It's a good option for individuals who are just starting their e-commerce journey or require basic solutions.
However, as with any solution, there are some disadvantages to setting up a store on Shopify. These include monthly maintenance costs related to subscription payments and transaction fees charged by Shopify, the inability to implement custom solutions, and a lack of full control over hosting. If you require more advanced functionalities, it's worth considering other systems, preferably open-source solutions.
4. Where is online store in Shopify?
In Shopify, your online store will have its unique domain name, typically formatted as "yourstorename.myshopify.com." However, you can also set up a custom domain name (e.g., www.yourstorename.com) to make your online store more professional and branded. You can manage your online store through the Shopify admin panel, which is accessible once you sign in to your Shopify account.
However, as with any solution, there are some disadvantages to setting up a store on Shopify. These include monthly maintenance costs related to subscription payments and transaction fees charged by Shopify, the inability to implement custom solutions, and a lack of full control over hosting. If you require more advanced functionalities, it's worth considering other systems, preferably open-source solutions.
In conclusion, creating an online store on the Shopify platform comes with certain costs but also offers a range of benefits. With the subscription and transaction fees, you receive a relatively user-friendly solution that allows you to quickly create an online store and start selling on the web. However, before making a decision, it's advisable to consider your specific needs and budget. It's also a good idea to consult with e-commerce industry experts.
If you would like to discuss whether your online store should be built on the Shopify platform, please feel free to contact us. We would be happy to advise you on whether your needs align with the capabilities of this platform and provide guidance on the budget you need to prepare.