shopify plus transaction fees
Published on: January 29 2023 by pipiads
Table of Contents About shopify plus transaction fees
- Ways You Are Overpaying For Shopify Without Realizing It
- 5 Reasons To Choose Shopify Plus In 2022
- Does Shopify Charge You For Every Transaction?
- 🔥 Shopify Pricing Plans 2023 ✅ Prices, Costs, Options, And Discount!
- Shopify vs. Shopify Plus | How to upgrade to Shopify Plus
- Is Shopify Plus Worth It? Featuring FREE Calculator
Ways You Are Overpaying For Shopify Without Realizing It
when it comes to starting your own online store. shopify is one of the best ecommerce platforms out there, but the main problem with shopify is that it can be hard to decide which shopify plan to go with, or how much it really costs when you factor in the cost of third-party apps. now, the right shopify plan for your online store depends on a variety of factors, which include your monthly revenue, your required feature set and your customization needs. now this video will enumerate all the costs and benefits for each shopify plan and prevent you from wasting money on unnecessary features, and my ultimate goal here is to help you understand how much shopify costs and choose the cheapest possible shopify pricing plan that meets your minimum requirements. now, the first question i always get asked is: is shopify free? shopify is not free, but they do offer a 14 day free trial, and during this free trial, you can build an online store and have access to all their tools. however, in order to take transactions online, you have to sign up for a paid plan, and right now, shopify offers five plans. there's shopify lite and nine bucks a month, shopify basic at 29 a month, shopify regular at 79 a month, shopify advanced at 2.99 a month. and shopify plus, which costs over 2 000 a month. now, which shopify plan should you choose now? the following table here is actually taken directly from shopify's website and enumerates all the features for each pricing plan. if you look at this table, you notike a couple things. first of all, the shopify lite plan and the shopify plus plan are missing, and the reason is because the shopify plus plan and the lite plan have very specific use cases which i'll discuss in depth later on this video. second of all, there's actually very little difference between the basic, regular and advanced plans outside of a couple of features and processing fees. so, as a result, your decision between shopify basic, regular and advanced primarily depends on your monthly sales volume and how much you value the extra features versus paying for third-party apps. alright, so here are the features available on all shopify pricing plans. now they all offer abandoned cart recovery, and abandoned cart recovery is a feature where your shopping cart automatikally reaches out to customers who abandon their cart and convince them to complete their purchase. now, shopify's built-in abandoned cart recovery feature is extremely limited because it only allows you to send a single email to customers and, realistikally, any serious ecommerce store owner will use a third-party abandoned cart recovery solution, like clayview. all shopify plans also offer a point of sale solution as well. shopify pos, or point of sale, is their point of sale solution that allows you to access in-person payments at pop-ups, markets, fairs and trade shows. and then, finally, all shopify plans offer a free ssl certificate, discount codes, real-time carrier shipping quotes and unlimited products. now let's tok about the plans. if you have a website and you want to sell just a couple of products, then shopify lite is for you, and it's nine bucks a month. so if you run a popular blog or an existing website and simply want to just add the ability to sell a couple products here and there, then the light plan is for you. the light plan costs nine bucks a month. it allows you to sell on facebook and on your own site through the use of custom buy buttons. now, the important thing to realize about shopify lite is that this plan does not provide you with an online store website. in fact, the lite plan is only for people who already have their own website and would like to accept transactions online. so, for example, if i want to sell widgets on mywifecritterjobcom, i might want to sign up for the shopify lite plan so i can include buy buttons on my blog to sell my products. now if i had a popular facebook page or group, i might want to sign up for shopify lite to sell directly on facebook. so bottom line: the shopify lite plan is only for people who already have a website and would like to accept transactions online, and in addition to the nine dollars a month fee, you'll also have to pay 2.9 percent plus 30 cents in credit card transaction fees if you use shopify payments. now, if your online store makes less than 16 333 dollars per month, go with shopify basic and for more stores out there, the basic plan makes the most economical sense until you start generating more than sixteen thousand three hundred and thirty three dollars in monthly revenue. now here's how to calculate the break-even point: the basic shopify plan charges 2.9 percent plus 30 cents in credit card transaction fees, whereas the main shopify plan charges 2.6 plus 30 cents in credit card transaction fees. that is a difference of 0.3 percent on fees. now the main shopify plan costs 79, whereas the basic shopify plan costs only 29, a difference of 50 bucks. now to make up for that fifty dollar difference in cost, you have to process fifty dollars divided by point three percent or sixteen thousand three hundred thirty three dollars to break even in terms of credit card fees. now feature wise. the one major difference between the main shopify plan and the basic plan is that the main plan offers gift cards and an advanced report builder. now, at first glance, the lack of gift card capability sounds like a deal breaker, but there's actually many shopify third-party apps that will implement this functionality for you. so, for example, the bold discount app offers a very powerful discount engine for only 15 a month. now, while the professional reports you get with the main plan are useful, they alone do not justify the added fifty dollar cost of the main plan. now, if your online store makes between sixteen thousand three hundred and thirty three dollars a month- and a hundred and ten thousand dollars a month go with the shopify main plan. in fact, feature wise- there's almost zero reason to sign up for the advanced shopify plan until you exceed 110 000 a month. now, if you look at the main shopify plan, you literally get 99 of the features of the advanced shopify plan for only 79 bucks, which makes this plan the sweet spot for most six and seven figure store owners. now the only reason it's time for the advanced shopify plan at this revenue tier is if you require more than 15 staff accounts, but realistikally a store at this level you're not going to have 15 employees. if you aren't using shopify payments, then shopify charges you a credit card transaction fee, which are drastikally reduced on the advanced shopify plan. so instead of paying one percent in extra fees on the basic plan you only get charge point five percent. if you want to show calculated shipping rates at checkout, then go with the advanced plan. but in my experience showing the exact shipping rate during checkout is overrated. but for some businesses it might be important. now. if your online store makes between 110k a month and 680k per month, go with the shopify advance plan. now. the advanced shopify plan offers the lowest credit card transaction fees of all the main plans, including a couple of extra nice to have features. so, for example, at this revenue level, you're probably already handling your shipping via a third-party vendor like ship station or shipping easy. as a result, it might be nice to show you calculated rates during checkout instead of using a table rate or a flat rate solution. now, if you don't have a bookkeeper or an analytiks member on your staff, shopify's advanced reports will come in handy for projecting your future revenue. but outside of that, you should just stik with the advanced shopify plan until you hit 680k a month in revenue or, if you require the advanced feature set of shopify plus, if your online store makes over 680k per month, go with shopify plus, just for the savings on credit card transaction fees alone. at this tier, your credit card processing fees plummet to only 2.15, which is on par with what you can get with a regular merchant account and gateway combo, but outside
5 Reasons To Choose Shopify Plus In 2022
shopify is one of the better products out there if you want to do ecommerce. it's the reason why almost 2 million stores use it. however, there's quite some mystery behind shopify plus. people don't really know what it is, what it does and why it's worth the upwards of two thousand dollars a month. so that's what we're going to demystify in this video. so, first off, what is shopify plus? it's the highest tier of the shopify plan you can possibly get and it's used for rapidly scaling stores. stores like kylie jenner's cosmetik stores are on it, or netflix or mvmt watches- definitely some brown house names that you know and probably shopped that. okay, so why pay the two thousand dollars a month, you might ask. well, one of their reasons is it's extremely fast and reliable. i hear what you're saying. shopify basic is fast and reliable. yes, but is it if you send 1 million visitors in an hour to it? in 10 minutes? at some point, you want a deaf team to really be on your side and you want the entire shopify team to be on your site. so these major brands: when they do gigantik promotions, they spend millions of dollars in marketing, directing everyone to their shopify site. they want to make sure it's not going to be down and, let's be honest, if you're a heinz ketchup 29 a month or 2 000 a month, you're just gonna go with the two thousand dollars. another advantage of shopify plus is that you can spin up nine completely different stores under that shopify plus account. let's say you are nike and you want nike usa to be completely different than nike canada. well, you could do that up to nine times with different currencies, different main languages, different apps and pretty much a different offer, which is a huge advantage. now let's say you're just on the scaling part. you're not quite high in sketchup yet, but you are scaling really fast. what does it really have to do with you than shopify plus? well, you might be interested in an app called a launchpad or even the automated flow in shopify. you see, with shopify flow- an app that we actually covered in the past, you can automate different things that you do repetitively. so instead of hiring an extra body on your team so that every time a product is low on stok, they automatikally notify the builder of that product to order more, you can just automate that process with shopify flow. launchpad is basically a cool app if you want to create flash sales, but you want to create them kind of in advance and you want to make sure they work before the actual launch date. so this makes dates like black friday or boxing day or any big sale game or events from your marketing team much, much, much easier to work with. obviously you might also be interested in shopify scripts that allow you to pre-code, basically cool little features like buy one, get one free and when you add this to the cart, automatikally add that to the card, and other different types of scripts and codes that kick in on the card page or on the checkout page. so this is a really useful feature. if you know, maybe you don't need an app for it and you can just add that piece of code to your check, okay. so obviously shopify also offers a higher level of service. if you're a shopify plus member, these services can be broken down in four different services, the first one being the sales consultant, which is basically just not really a service. it just tells you: hey, is shopify plus right for you, yes or no? if you're doing over a certain volume every year, they might already be reaching out to you. so you're familiar with these sales guys. then we'll have solution engineers. they will basically help you making sure that if you end up moving to shopify plus, all the systems can work nicely with their shopify plus systems. um, if not, they will suggest solutions or maybe even build some for you. and then, finally, you have the merchant success program with the known shopify account managers, like, for example, the top shopify account manager, steve hutt, and his podcast right here where he toks about, like, what the top shopify stores are doing, and so these guys basically help you out their point of contact within shopify that you can ask questions about. they help you establish road maps, they put you into contacts with app developers that might work well for your store, or designers or just regular shopify developers, and they advise you on how you can grow more effectively. and, yeah, get better bang for your bet. but let's be honest here: where the rubber really hits the road are the lower credit card fees, because, yes, on shopify plus you pay a lower credit card. for example, for all credit cards paid domestikally, you're going to be paying a 2.15 transaction fee plus a 30 cents per transaction, and that is about 10 less than the shopify advanced plan. if i'm correct, for your american express clients and all international clients, you're going to be paying a 3.15 transaction fee, plus again that 30 cents, and if you're using a third party gateway to do all your payments, you're gonna have to calculate an extra point, fifteen percent per transaction, which i guess makes sense because at the end of the day, shopify makes the bulk of their money really on those transactions, and so this is really where the rubber eventually hits the road. although that those apps and those extras and the extra services that you get are really fantastik, you kind of have to do the math, and probably a shopify sales rep has already done the math for you. it's at roughly eight hundred thousand dollars per month in revenue. then it starts making sense to go to shopify plus only only if that eight hundred dollar, eight hundred thousand dollars per month, is in domestik credit cards that are not ammo. let's say that you are making eight hundred thousand dollars per month in revenue but 20 of that or even 50 of that comes through paypal, then it might not necessarily be so much more advantage for you to move to shopify plus. so you see, at that point it really becomes a numbers game and frankly, if you do the math and you do fall into that bucket where it gets more advantage, it can quickly become an absolute no-brainer. i truly hope this video has demystified a little bit of shopify. plus, my name is andrew. make sure to follow me on twitter and i will see you again shortly for another video, adios.
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Does Shopify Charge You For Every Transaction?
does shopify charge you fees on all your sales and transactions? let's find out what's up, everybody, and welcome back to the channel. and if you're brand new here want to say, hey, my name is carrie, i'm the founder of shirt school and on this channel we bring you the best strategy, secrets and hacks to grow your online t-shirt apparel e-commerce business. if you're just starting out with shopify or you're thinking about starting up a shopify store, you might be doing your research and you see that there are additional fees on transactions when you use shopify. now i've heard from a lot of people when they're comparing different platforms or they're just trying to figure out where to start their store, that they are under the misconception that shopify is charging them some kind of additional transaction fees or maybe credit card fees, on all their sales. today i want to break down how this works and what the fees are and hopefully in some confusion for you. when we look at the shopify website, you see that there are three main plans for using shopify. the first one is a basic plan- 29 a month- and then you have 79 and 299. now most people are on this 29 a month plan. it's the one that i always recommend and if we scroll down, we see right here that, when it comes to shopify payments, that we go to online credit card rates and there is a 2.9 fee plus 30 cents per transaction, and then, if you're selling in person, it goes down to 2.7 plus- no, you know, zero cents per transaction. let me explain how this works. when you're starting up an e-commerce business, first you're going to need a platform like shopify, and there are many other alternatives on the market. you might have heard of woocommerce or bigcommerce, where you could start up something on wix or godaddy. there are a lot of different e-commerce platforms. in addition to your e-commerce platform, you're going to need a payment processor. this is the company that's going to take all the credit cards for you and they're going to process those credit card payments and then pay you out whatever you're due. now, with those payment processors, there is always a fee associated with that, and so the payment processor has to pay visa and mastercard and american express and all these you know credit card companies to accept their credit cards. so there is a fee associated with that. and how those payment processors make their money is they charge a fee to the merchant, which would be you, the business owner and they just take a cut of that. so if we pay 2.9 percent, the payment processor might pay- you know, visa- one percent and they keep the difference. so with pretty much any online business, you need your main platform, like a shopify, and you need a credit card processor to be able to take payments. hey, if you're enjoying this video and learning something, would you do me a quick favor? just hit that like button. it really really helps us out and it's completely free to you to do. also, consider subscribing to the channel. we put out new videos all the time. we'd love for you to become a part of the family. now, what shopify has done here is they have brought the credit card processing into their platform built in, and that's what shopify payments is. shopify payments allows you to take all the credit cards built into shopify without having a third-party credit card processor. it actually makes it a lot easier and a lot less tikie, and it's one less thing you have to worry about as a business owner. so, just to be clear, if you were using another platform other than shopify, most of those platforms will require you to hook up with a third-party credit card processor, and the most commonly used company is called stripe. stripe is not an e-commerce platform like shopify or woocommerce or bigcommerce. they are strictly a credit card processor and they make almost all their money from processing credit cards for merchants and for businesses like us. so, as you can see on the stripe website here, the fees that stripe charges are 2.9 plus 30 cents. that sounds awfully familiar. well, that's exactly the same as what shopify charges. shopify just has the ability built in. so, just to be clear, shopify is not charging you any additional fees on your transactions or any additional credit card fees that you would not be paying anywhere else. there is no platform you will find that will be 29 a month and will charge you zero percent on your credit card fees. that doesn't exist out there. you would have to have another payment processor like stripe and they're going to charge you the exact same amount as shopify. so shopify has just simplified credit card processing by bringing those fees in-house and again making it just a lot easier for you to set up and use. if you're just starting out with shopify or you're looking to set up your first shopify account, have something really cool i want to give you. we have teamed up with shopify and they've given us this custom offer specifically for our audience: when you go to shirtschoolcom shopify, you can set up a 14-day free trial to use the shopify platform and then, after you sign up, you'll get in your email a 13-step shopify store build cheat sheet from us at shirt school. so by using that link below to set up your shopify account, you get the cheat sheet plus the 14 day free trial and you can get your shopify store set up and get some additional help from us. so if you're considering starting with shopify, just go over to shirtschoolcom shopify, set that up and get that free cheat. 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🔥 Shopify Pricing Plans 2023 ✅ Prices, Costs, Options, And Discount!
shopify pricing plans. hey guys, in this video, i am going to show you all you need to know about shopify and the different pricing plans that it has available, and what are the features that you can find in one that are not going to be available in the other one. so welcome back to the channel and let's get into it now. the first thing you might be wondering is: what is shopify, what are the price plans and what is the difference between all of these different plans that you can opt for on shopify? well, shopify is a e-commerce partner and you can create your own e-commerce store and create your own store in the form of a blog or a website on shopify, and you can not only have your storefront managed by shopify, but all of your internal store, inventories, products- all of that is going to be managed by shopify. now there are three versions that are available for shopify, and they don't have a free version. they start at 29, then they have their 79 version and then they have the almost 300 advanced shopify premium account. so what are the features that are available for all of these and what are the- uh, distinct features that you're only gonna get on the premium versions? well, you can create your online stores. you can add unlimited products on all three versions. so if you go onto your shopify store- and i will leave a link down below in the description box where you can sign up for shopify, so make sure to click on that to sign up on shopify, to create your own shopify account and start selling your own product. so what you're going to do is just sell your products. you're just gonna click on products over here and you can add as many products as you want, and this is the best part about job. if i i started my own scrunchie business last year. i started my own scrunchie business, so i was just selling scrunchies and i added around 158 different scrunchies, and shopify allowed me to add so many different products, even on their lowest paid 39 version- and this is why i actually chose shopify- is that they allow you to use unlimited products, and this is a feature that i find especially helpful for a person like me that is trying to sell as many variety as they can. so that is one feature that i find to be one of the standout features: that you really don't need to worry about the price plans on shopify, but following that, i would actually tell you that if you have inventory location- so if i go onto my shopify account and if i go on to inventory over here in my products, i can add the inventory for a certain product and i can add different skus for the product as well. but you can see that this for this product. this is going to be added to my online store again, but this product- this is not going to be sold once it is sold out. so there isn't going to be a restok on this product. but i can only add four of these uh options for four different physical locations. after four, i cannot add them. on the 30 version. i would have to opt for the 80 version, which allows me to add five different physical locations, and the premium version, which allows me to add age. so if you have more than four different physical locations or pop-up stores and you want to keep track of your inventory, i would suggest that you actually opt for the premium version instead of opting for the 30 basic version. now. after that, if you take a look at the reports, you don't get any reports on your analytiks section over here on your basic dashboard. so you can see that this is a basic dashboard, but if you want detailed reports, like if i click on the report section over here, you can get all of these different reports like your behavior, your customers, marketing orders, profit margins- all of these are detailed reports on my actual account and on the actual reach that i have for my market. so my finances, my inventory and custom reports. i can just click on create a custom report over here. and let's say i want to create a customers by order value, so i want a customer report. i can just click on create customer report over here and now i have a good timeline to see what customers are providing the most value to me as a seller. and this is a feature that is so helpful and i found it to be definitely worth upgrading to a premium version. so you don't get this: on the lowest paid version you don't get any kind of report, and then on the um 70 or 80 version you get the standard reporting and then on the premium version that starts at 299, you get advanced reporting and just with standard reports i find it to be so much more useful for me to retarget my marketing, retarget the customer behavior, see what people are interested in, and it allows me to get a good overall view of my business and this is something that i would suggest is worth upgrading. if you're running a large enough business and if your business is growing, this is going to help you in many ways. it doesn't just help you with marketing, but you can also target sales and acquisitions and see your profit margins and see where you can take some cuts and where you actually are making low profits. now after that, if we take a look at their pricing and the shopify shipping, you get up to a 77 discount on the shell shipping ups or usps on the basic version, then 88 and then 88 on the premium versions, and the issue with the lowest paid version of shopify is that you don't get usps priority mail cubic pricing and that is something that is not really that important. if you're running your own business, you probably have a good idea of how and when you're going to ship your product and it's not going to be that big of a deal, so it's not something that i would suggest that you really need the premium version of shopify. it's fine if you're using the 30 dollar version of shopify to actually understand and go through with your business, especially if you're still just setting up. then you definitely don't need to upgrade for premium shipping only now. after that, you have all of your basic shopify payment systems. you have online credit card rates for fraud analysis and all of that, and if you are using shopify payments, you get a two percent transaction fee. uh, if people don't use the shopify payment methods on your website, so you have to pay two percent on each of your orders. so if i have these products over here and if, whatever the price i may set for them, i would have to pay two percent as they sell speed of shopify. but if i am using the premium versions, it is reduced to one percent on the 80 version and then it is reduced to 0.5 on the premium version of shopify. so that is something to keep in mind when you are creating your um store. and with my large value of scrunchies, when i was selling scrunchies using shopify, i actually found it to be pretty high when i had to pay two percent as a sales tax but, uh, as a shopify fee, you could say. but i found it a lot more manageable paying one percent on each of my scrunchies when i was selling, uh, on the 70 or 80 version of shopify. now, next up, if we were to compare their point of sales, you can see that all three versions have point of sales and with global selling, you can do it on all three versions, but you can only sell it in up to 20 languages. but that is more than enough. so if you go on to your online store over here, you can create it in different languages so you can see that you can create blog posts, you can manage the navigation pages- all of that from over here and you can create it in a different language for a different region of the world and that is going to help you in optimizing the overall globalization of your business. but after that you cannot do international pricing. you cannot do uh international domains on the 30 version of shopify. so you can see over here that if i go onto products and if i just click on add product over here and if i am just selling, i am already selling jewelry. so i'm going to do a bird necklace and whatever the item may be. if i actually click on over here and i want to set the price to 14 uh in the united states, if i want to change this up to maybe.
Shopify vs. Shopify Plus | How to upgrade to Shopify Plus
- Thanks for joining me to learn more about Shopify Plus. I'm Gillian on the Merchant Growth team here at Shopify And today I'll be taking you through some of the benefits of Shopify Plus and why now might be the right time to upgrade your business. We work with over 10,000 of the world's leading brands. Brands who need a platform with power, reliability and flexibility to handle their businesses now and into the future. brands like yours. Okay, let's take a deeper look at the impact that Shopify Plus front-end features have on your customer experience and conversion rate. Then we'll look at back-end features and how to set them up to manage your business. I'll cover all optimizing the front-end with checkout customizations and Shopify Scripts, Then how to set it up using the Shopify Plus admin and tools and channels, including automation with Shopify Flow and Launchpad. Let's get started. (upbeat music). While Shopify checkout is already optimized for speeding conversions, you can make advanced customizations with Shopify Plus by unlocking access to your checkoutliquid file. Whether it's changing the look and feel of your checkout or adding functionality like a checkbox, the possibilities are endless. To create a custom checkout, first you need to contact support to have it activated. Checkout customizations are made through code, so you can work with a Shopify Plus partner if you're not comfortable doing that yourself. Shopify Plus is also the only plan that lets you use Google Tag Manager So you can see exactly where customers are dropping off in the checkout process. With granular data like this, you insight and strategy. you need to optimize your checkout and remove friction. That means more sales and fewer abandoned carts. You can also take customizing your checkout to the next level using Shopify Scripts, a tool built for advanced discounts. We will teach you how to build a script later in this video, but here are some examples of merchants using scripts to increase their average order value and conversion rate. (upbeat music). You can use scripts to create offers like a bundle promotion, free gift with purchase, volume based discounts and much more. Now let's take a look at the back-end and how to manage your business in the organization admin. (upbeat music). As you'll notike, the admin looks pretty similar to what you're used to, except with ability to manage multiple stores as part of your business. The overview page gives you an overview of sales performance across your organization in one place. It outlines total revenue and orders from all stores, as well as data from individual stores. As your business grows, so does your team. Shopify Plus makes it easier to manage your team by letting you add, modify and remove unlimited staff accounts across your organization right in the admin. Also, multiple administrators can add and remove staff and assign app and admin permissions. With Shopify Plus, you also unlock access to nine free expansion stores so you can sell in different currencies and languages. You can spin up new stores in seconds, with the option of copying data like users and installed apps from an existing store, saving you time so you can expand quickly. Next, let's look at Shopify Flow. With our powerful e-commerce automation tool, you can build the custom workflows, processes and capabilities that your business needs to succeed. We know that every business has specific requirements and workflows. that's why Flow was built to automate everything from time consuming, repetitive tasks to complex processes that use external business systems and third party apps. So far, Shopify Plus businesses have created over 14,000 custom workflows and saved over 22 million hours, combined by tasks on autopilot. Think about what you could do with more time and resources back in your day. Using a no code drag and drop workflow builder, you can trigger automated actions based on your conditions you set, From buyer experience to loyalty and risk. choose from popular templates or make your own to fit your processes. Let's start by creating a new workflow from a template Notike. there's no coding involved. Instead, it works with triggers, conditions and actions. Here, our trigger is one: inventory quantity has changed. If the product equals zero for inventory, then we can hide that product. When product I is greater than one, we can republish that product. Maybe we wanna take it a step further and add another action, Like automatikally notifying someone in your warehouse or contacting your merchandise warehouse. You have the ability to customize each condition and action, as well as the numbers. Maybe you wanna hide the item and be contacted if it falls below a hundred units of inventory, or maybe if it's just under five. Whatever your workflow, it's simple to see how automating manual tasks can save you time every day. Just save and it's live. Now maybe you're thinking, "Gillian, I've been dreaming of this. I know exactly what I wanna build". That's also possible, no coding required. Let's take a look. In the top right corner, click create workflow- Notike. we have the same options as last time, but we're not using a template. Choose from the options on the right side of the screen, like tagging a customer based on lifetime spend, or adding them to a spreadsheet, or maybe tracking, fulfillment or inventory. even looking at refunds, There are tons of options. We're gonna look at risk. for this example, When order risk is analyzed, if the risk level is equal to here, we can choose from low, medium or high. let's look at high. So, when order risk is analyzed, if the risk level is equal to high, then we can automatikally cancel the order and send you a notification. You can customize that exactly the way you want. Flow connects with a number of apps. you're likely using Apps like Klaviyo or loyalty tools. workflows can then be applied across multiple stores within your organization. The features I just walked you through all operate at the organization level and Shopify Flow works with a number of the different Plus tools. So let's hop into Shopify Scripts next. On average, merchant see up to 20% higher average order value when they build custom promotions with Shopify Scripts. This app also helps reduce buyer friction by applying discount codes to customer carts. automatikally, You can create live item shipping or payment discounts, all coded in Ruby, giving you ton of flexibility to meet your exact needs. If you can't code in Ruby, just reach out to the Shopify expert or partner. Now let's look at how these are actually created. Start by creating a new script and giving it a name. Add your source code. There are a few templates in the Shopify help center. Simply copy and paste the code, Use the input and output windows to preview what the script looks like, Then save and publish. Next let's look at Launchpad. This app lets you schedule promotion, product launches and theme updates so you can plan events months in advance. Launchpad is a great way to streamline your marketing and IT efforts. That means no more staying up until 11:59 PM before a black Friday to publish changes. Start by creating a new event, add a title and start date. Add any products, discounts or promotions you'd like to schedule, including theme changes, And Launchpad can also schedule scripts that you've created for specific events. Save and you're done. The wholesale channel helps you expand your business into wholesale by creating a separate, password protected storefront for wholesale customers. Your wholesale store is based on your online store, So you can offer wholesale customers the same products from your online store but at different prices. Here's how the wholesale channel simplifies B2B selling. Add specific priceless for your B2B customers In the customer section. assign specific customers to one or more priceless. Manage the pages and navigation on your password wholesale site and cust.
Is Shopify Plus Worth It? Featuring FREE Calculator
shopify plus is used by some of the world's leading e-commerce businesses, like kylie cosmetiks, gym shark, all birds, heinz hill, netflix- you name it. lots and lots of e-commerce businesses are using it, and if you're doing about 1 to 1.5 million in annual sales, it's probably something that you're actually considering too. so in this video, i'm going to break it down for you. is it actually worth it? is shopify plus worth it? we're going to dive into the math, some of the benefits, some of the drawbacks and the things that you need to be considering before making the move. first of all, what's the costs? shopify plus costs two thousand dollars a month, and if you're doing over eight hundred thousand dollars in monthly revenue, the cost is actually 0.25 of those total sales, but i'm assuming you're not quite there yet. if you're just making this consideration now, if you have made a hundred thousand dollars in a month, it's more than likely that you'll already be using the enterprise plan, but this cost is going to be quite a jump rate. if you're used to spending about 300 a month, let's say you're just on their advanced plan right now- why would you actually make the jump from 300 a month all the way up to 2 000 a month. so what are the main benefits of using shopify plus? why would you make the jump to the enterprise plan? well, i kind of see there's about five main benefits to using this. so that's what i'm going to dive into now and if you stik around to the end, i've actually built a tool which you'll get tremendous use out of breaking down the different aspects of shopify plus and what return you'll actually see and seeing if it's actually something worth investing in. so stik around to the end to learn how you can get there for free. so the first benefit is basically three of their products bundled into one. we've got shopify flow. you've got launchpad and also shopify scripts. so flow helps you to automate your store. you can use all kinds of automations. you can build them yourself, which is super, super powerful, but they do have some templates. basic automations that you probably want are things like: if you're running low in stok for certain products, then you're going to need a notification so you know when to order more, for example. so there's loads and loads of powerful automations that you can build and also use from their templates as well. launchpad helps you to prepare in advance for different events, different things that you're you're running on your store so you might be doing a discount or a massive sale or something like that, or you may just be launching some new products that are going to be, um, really, really exciting for your customer base to access as soon as possible. launchpad helps you to prepare your offers in advance. so if your customer base are going to be really excited for certain products that you're running at rolling out, um, or if you're running certain events around black friday, cyber monday, things like that, um, you want to make sure that your store is going to be ready for it and launchpad helps you implement that and gives you the peace of mind that your store is actually going to handle it with those high traffic events. then shopify scripts helps you to customize your store that much more by implementing different lines of code in different places on your store. so if you want to present specific offers to specific people, then you get that opportunity there. um, through shopify scripts, without the need for an app, without the need for slowing down your store with lots and lots of bulk, basically. so benefit to them has a huge opportunity to actually increase the sales that are coming through your store, and that's the ability to actually customize and optimize your checkout experience for everyone that's going through your store. so you can add customized fields. you can add a one click upsell or cross sell, and that has a huge amount of benefit when it comes to increasing your conversion rate. if you want to increase your conversion rate, it makes sense to go for the quick wins at the closest point of conversion, which will be the checkout. when someone's got their credit card in hand, they're ready to place their order um, but not all of them will. so you can optimize this, improve it for that conversion rate, and that's a huge amount of opportunity and loads of quick things that you can actually tap into. so let's break it down. if you're doing one million dollars annually, let's say, with 10 000 orders um at an average order value of a hundred dollars, increasing this to 110 dollars through upsells and across sales to about just 10, you'd actually get an extra 100 000 every single year, those same 10 000 orders, just by making those adjustments to your checkout page. this is where shopify plus will actually seem like a no-brainer. if you're paying, let's say, 25k for the year and you're able to benefit um in sales upwards of 100k, then that's where it seems to be a massive return of investment. so benefit three, then, is reducing the huge operational headache that can come with running a growing and scaling ecommerce store. with a plan, you can manage multiple stores- up to nine, i believe. it is a lot of different countries with lots of different stores- then you're going to be able to handle all of those on one shopify plan, and you'll be able to integrate your infantry products and pricing as well. i mentioned it earlier with the launch pad. the speed of the platform of shopify plus also means that it can handle lots and lots of traffic coming to the store in the case of a product launch or different events that you may be running throughout the year. benefit for, then, is that it's actually great for b2b cells as well. customizable checkout experience means that you can add terms and conditions to your checkout where required. if you need to collect, let's say, e-signatures, then you'll be able to customize the checkout and do that as well, and amend any settings you need to, with conditional logic as well, within that shopify checkout. so those are four main benefits, but the one i've saved for last is actually quite a major toking point when deciding between the different shopify plans, and that's going to be the credit card charges for the online transactions. so i've actually created a tool going over all of the shopify plus different benefits and seeing whether it's going to be worth it for you, um, and that's what i'm going to show you now. so i'll just dive into my computer and we'll take a look at that. okay, so we've got this shopify plus calculator that i've created right here. um, it goes into all of those different benefits, so the credit card fees, conversion rate improvements, the team and automation, and the shipping in multiple stores, the different ways that shopify plus could benefit you, and you're going to be able to plug in your numbers right here and decide: is this actually going to be worth it? so let's take a look. we've got monthly orders- 10 000, average order value of 100. we've got conversion rate of 1.8 and we're pretending that we've got just two stores active right now, and we're just considering the credit card piece right now. so that's the one that we've got on right here, and if i dive into that sheet, we can explore this in a bit more detail. so, um, again, we've got 10 000 monthly orders. for this example, we've got an average order value of 100 and that results in one million dollars in one. something you'll need to know is that i've built this based on the fact that i'm assuming you're in the us and we are um receiving orders from the us as well. there are slightly different fees when it comes to receiving orders from other countries and also using different cars, like amex and things like that. so this is just built based off the fact that these will be domestik sales within the us. if you are a us company, so the shopify advanced transaction fees are 2.4 plus 30 cents per order- then when you choose shopify plus, you lower your transaction fees to just 2.15 and 30 cents per order as well. so you can see i