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It’s no secret that in the last few years, eCommerce has grown in leaps and bounds. It’s also no surprise that Shopify has found its way to being one of the most popular platforms for entrepreneurs to build their online stores on. Even if you’re not an entrepreneur, chances are you’ve at least heard of Shopify or seen it being used by other businesses before.
In this post, I will be discussing why you should start an ecommerce business in 2021.
What is Shopify?
Shopify is a cloud-based e-commerce platform that allows entrepreneurs to set up an online store, build an online presence, and process payments quickly.
The company was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after the three became frustrated with building custom web applications for clients. Shopify launched its services in 2006 at the Conference on Web Application Development in Montreal.
Since then, Shopify has grown exponentially to become one of the world’s largest cloud-based e-commerce platforms. In 2017, it served over 1 million merchants across 175 countries around the world.
How easy is it to start a Shopify ecommerce business?
If you are not into the hassle of creating content for your blog, then you can easily sell products through Shopify. It is one of the easiest ways to start an ecommerce business with no upfront costs. This also allows you to become a niche seller, which gives you more options to determine what products are most profitable for your business.
You can add products, take payments, and manage your inventory from any computer or smartphone — no hosting fees, no complicated software to install, and no hassles.
So, it is safe to say that it is quite very easy to start a business on Shopify. You can start one now. Just sign up, add products and you are good to go.
However, if you want to scale up your business and manage your products for different e-commerce platforms, you might need a PIM to easily manage and syndicate your products across your multiple channels.
If you are a newbie and do not know anything about PIM, you can learn more about it from here: What is PIM software? (Benefits & Features)
Why should you choose Shopify as your eCommerce platform?
Anyways, moving on the benefits that you can enjoy by creating your own store on Shopify. There are a lot of pros to choosing Shopify, but here are the top ones that you must be aware of.
Fast and Easy to Set Up
Shopify makes it simple to set up an online store without the hassle of dealing with infrastructure or development fees that come with self-hosted platforms like Magento. Because all of the functions are logically organized, the admin interface is clean, user-friendly, and intuitive. The Shopify website itself has a lot of helpful material and video tutorials. You only require a thing to sell.
No technical knowledge required
There’s good news! You don’t need any technical knowledge; Shopify provides all software and hosting. Not only does this make it easier to get started, but Shopify’s hosting is likely to be faster and more secure than you could achieve on your own, and it will easily handle any traffic spikes you may experience. Shopify also handles all software updates. So you can concentrate all of your energy on selling rather than worrying about technological concerns, which is fantastic.
Reliable and Secure
If you run an eCommerce store, you’ll be dealing with personal information such as credit card numbers, as well as restless consumers. This means that your website must be quick, secure, and accessible at all times. One of the major benefits of a hosted solution is its dependability. Shopify handles all server maintenance & upgrades for you, making sure your shopping cart is always functioning properly.
SSL certificates can be activated in your store to encrypt all data and send it over a secure connection, and Shopify will handle PCI compliance for you (required when you deal with credit cards).
Easy customization
There are 160 free & paid themes on Shopify Theme Store, all of which are mobile friendly and more are available on third party websites like ThemeForest. Each theme can also be completely customized by altering the source code. So it’s simple to create a gorgeous and unique online shop that matches your company identity!
How much can you earn from running an online shop on Shopify?
Every day, thousands of new Shopify stores open their doors. But, realistically, how much money can you generate on Shopify? Well, that is one practical question that pops up in everyone’s mind, including me, of course.
There’s no denying it: Shopify is one of the most popular eCommerce systems for starting and growing an online business. However, contrary to common assumptions, not everyone who opens a company on Shopify will make money.
In fact, Shopify stores fail more than 95% of the time. “There’s no point in asking how much money you can make on Shopify with results like that,” you could assume, but that would be incorrect thinking. Yes, a Shopify store can help you generate a lot of money. It just so happens that not everyone will make it.
Who is to blame for this?
Surprisingly, Shopify is. In part, yes. That’s because they exclusively promote and talk about their successes. They want you to believe it’s simple to make money on Shopify so they can get more sign-ups and monthly subscriptions.
However, even though you can make a fortune on the platform, launching an internet business (even on Shopify, the savior) requires a significant amount of effort, skill, and time.
You won’t be able to pay your debts by simply launching a Shopify store. You must advertise your stuff, take great images, establish a trustworthy brand, and draw an audience.
A reasonable monthly income from Shopify selling would be between $1,000 and $1500.
With a solid dropshipping approach, you could possibly increase that up to $10,000/month, as dropshipping has a lower overhead than selling your own inventory on the marketplace.
Keep in mind, however, that such averages are just that: averages. Finally, the amount of money you can generate on Shopify is influenced by:
- Product and industry specialization
- Marketing Strategy
- Profit/cashflow vs. the overall cost of fees/investment
- Determination
Conclusion
In addition to the reasons listed above, there are many others that make starting a Shopify e-commerce business in 2021 the perfect time. If you’re interested in learning more about
