Shopify stores can be profitable depending upon a multitude of variables. With any business venture there are risks involved, and the return of investment(ROI)is dependent upon variables both seen and unseen. To make your Shopify account profitable, well, that is entirely up to you.
- Shopify offers a subscription based platform where sellers are able to advertise their product to millions of potential clients around the world. Shopify is a cloud based solution which means there is no software to maintain, servers to address, websites to create, or code to be written.
- Think of Shopify as your own miniature Amazon that you control and sell your product through. There is no need to own a physical storefront that needs upkeep and creates unneeded overhead because your inventory can be stored anywhere you choose.
- Drop shipping is a cost effective option when it comes to storing inventory. If your product is too bulky to keep on-hand, drop shipping solves the issue of having to rent out space if that is the only available option to you.
- Physical products are not the only type of commerce that can be utilized on Shopify. Training courses, donations, tickets for events, digital art etc are all products that can be advertised and sold through the platform. In this sense the platform can be used as an advertising tool to bring your product to the world.
- Shopify also offers the ability to link your social media accounts to your Shopify profile. This is another effective way to bring traffic to your account and get as many eyes on your product as possible. As of now, only Facebook and Instagram are participating partners but I wouldn’t doubt that many more social media sites are going to be available in the near future.
- There are a large number of templates available to Shopify users that can give your brand the personal feel you wish to convey. This feature is free to its subscribers and offers you a chance to create your personal website how you see fit. Whether you are selling steel brackets or tickets to guided meditation, you will be able to match your brand with the visual design that best fits exactly what your target audience expects to see.
Are Shopify Stores Profitable? In short, yes. This trading platform is designed to give both the seller and shopper a streamlined and hassle free experience. For the Seller, Shopify cuts out the hassle of creating a website, coding the different features of each option, the need for a physical location, and the problem of stocking and controlling inventory. For the Shopper, Shopify offers an easily accessible site that nearly anyone is capable of navigating. It puts millions of products at the fingertips of consumers and the variety of products and services offered is vast and eclectic. This platform definitely gives you the tools you need as a seller to build your business into a thriving and profitable entity…if you have the idea or product that is sellable.