The Shopify platform indeed has a broad customer base and seems to be a great fit for many stores that want to sell online. But just how much should you expect to spend on a store hosted on the Shopify platform? If this is among your many questions, rest easy! I will explain all the areas concerning Shopify’s pricing.
Please continue reading to know how much it would cost you and which plan would allow for the greatest value for money!
Establishing a new Shopify store is all about expenses and it all sounds great. Basic Shopify Plan costs only $29 per month, while Advanced plans can be as much as $299 per month. In addition, on each transaction, there are transaction costs charged which are usually about 2.9% and 30 cents.
That being said, however, a 14-day free trial period is extended by Shopify which enables users to physically test the service before fully committing. There is a low entry barrier and high possibilities which makes it attractive for small-scale businesses across the world.
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What is Shopify?
Before moving on to the pricing structure, let us first have a clear understanding of what is Shopify. Shopify is an e-commerce application that lets individuals and businesses build digital shops and sell their merchandise.
At the initial stage, it was just a tool that would allow some businesses to implement a shopping cart onto their website. But ever since, it has burst into more than just that.
You can also use Shopify to manage your website, and they even assist you in selling your items via prominent sites such as Amazon and eBay.
There is a clear statement on the home page of Shopify where millions of brands around the world use the platform to sell their goods to conquer the market. It further states that the total sales made by businesses that use Shopify have been around $200 Billion.
Now, in order to provide all the required aspects for running a store, Shopify has come up with a solution where clients can communicate, sell, and manage their businesses all at once. There are 4 different plans available with the company which clients can choose from depending on the number of features they want and the price they are willing to pay.
How Much Does a Shopify Store Cost?
The different needs shipping prices, design, maintenance, and apps will all vary according to customer personalization. To penetrate the e-commerce market, Shopify presents itself as a platform with multiple pricing plans to cater to different customers. It also has the most affordable plan suitable for first-time users. Depending on the plan you select, there are monthly rates that are meant for either a high-volume store or even an enterprise.
Look into the costs involved with different platforms for example Shopify vs Etsy or even Shopify vs. WooCommerce. In a nutshell, though, there’s not a one-size-fits-all answer for how much it will cost to open a Shopify Store as it all depends on the business and its scope it operates in plus what features it chooses to have.
For those who are thinking of opening a new store on Shopify, the most common concern is about the cost. Well, the cost depends on the plan you choose. The three primary plans available are the basic Shopify plan where clients have access to some of the crucial features that are required to run a shop on the platform, then there is the normal Shopify plan followed by the advanced Shopify plan where more features can be accessed. Each plan comes with a different price.
Now, let’s look a little closer at every plan:
1. Basic Shopify
For those who are only beginning their online shop, the Basic Shopify plan is the first option available. Here is what you would get with Basic Shopify:
- Price– $29 per month
- Online credit card rates: 2.9% + 30 cents for every transaction.
- Credit card rates for in-person transactions: 2.7% for every transaction done in person.
- 2.0- Payment provision which does not use Shopify Payments: 2.0
Features:
- Uploads of products without restriction in quantity: You may add as many products as you wish to your store’s inventory.
- Shipping discount: The USPS, UPS, and DHL Express companies provide reasonable shipping rates.
- Shopify Point of Sale Lite: Receive payment from customers physically at fairs, markets, and the rest.
- Locations: To various retail stores or warehouses. Such units of stock can be assigned.
- Sales channels: The use of online and social networks to market products abroad.
- Staff Accounts: Staff Member Accounts can be created who would log in to your store administration.
Additional Features
- 24/7 Support: Assistance at the time that you require it is available within a short queue.
- Manual order creation: This is done for orders made through the phone or completed in person.
- Discount codes– Discounts can be granted through the use of codes.
- SSL certification: All transactions would be undermined by SSL.
- Automatic Abandoned cart recovery: Through electronic means, the customers are reminded of the sales that they did not complete and thus it is potential that the sales would not be lost.
- Customized gift cards: To boost sales, gift cards are sold.
- Printing shipping labels: Shipping labels can also be printed directly within the Shopify admin page.
2. Shopify
Shopify is appropriate for growing the online presence of a business and is in between the light and heavy tiers. Here is what you get with a Shopify subscription;
- Price of $79 per month
- Credit Card rates online: at 2.6% and 30 cents per every transaction
- In-person credit card rates are $ 2.5% for every transaction.
- Payments made through credit providers who are not Shopify Payments attract fees of 1.0%.
Additional Features
- Increased number of locations and staff accounts: A business can distribute up to five staff accounts and assign inventory in five different retail stores or warehouses.
- Improved shipping discounts: It is possible to receive qualified discounts of up to 72 percent on the prices/cartels that are charged by reputable shipping firms.
- Cubic Pricing US Postal Services within Priority Mail: Pricing with regards to posting out packages through the US priority mail is available.
- Management reports: Use professionally prepared reports to get insights into the sales of the business.
3. Advanced Shopify
Lastly, this is Advanced Shopify. It is a higher-level option and is aimed at businesses that seek to grow. This is what you get with Advanced Shopify:
- Price: $299 per month
- Online credit card rates: 2.4% plus 30 cents per transaction
- In-person credit card rates: 2.4% per transaction
- Fees for using a payment provider apart from Shopify Payments: 0.5 %
Additional Features:
- Further expanded number of locations and staff accounts: Inventory may be allocated to up to eight warehouses or retail stores assigned to a maximum of fifteen (15) staff accounts.
- Advanced report builder: Custom reports in this case to monitor particular actions performed by the audience.
- Third-party calculated shipping rates: Please enable us to provide accurate current shipping rates to the customers at the time of checkout.
Additional Expenses You Might Encounter with Shopify
In addition, apart from the major cost components of the different plans of Shopify, there are additional costs that you may need to incur. Allow us to simplify and elaborate them for you:
- Premium Themes: When you set up a Shopify store on the internet, there are free themes that can be used, however, most companies do invest in premium themes. These premium themes come with extra features and a cool design right from the start. They range from the prices of $75 to $300. It seems like a lot, but they will end up saving you a whole lot of time because building your website becomes easier and faster.
- Domain Name: Every other website has to be provided with a domain name, for example, www.yourbusinessname.com. This has to be purchased separately from a domain registrar, such as Google Domains or DreamHost. This is usually about $15 annually.
- Premium Apps and Plugins: You may at some point wish your Shopify store had more features than it currently does. This is where premium apps and plugins come into play. They can, for instance, assist you in marketing or enhance the aesthetics of your store. These range in price from as little as $5 a month to hundreds of dollars, depending on the features included.
- Time: It takes quite a while to actually set up an online store from scratch. Even if the challenge is attributed to Shopify, you’d still have to invest time trying to get it all precisely how you want it.
- Development: If the answer is no, you might think that you will never be able to do it because you are not computer literate, or even if you are literate, you have no time to do it, then it is pretty acceptable to hire someone to help. If necessary, a professional web developer or designer can also help you with your site and troubleshoot any issues you may encounter on your Shopify account.
While the basic plan for Shopify’s services might seem like it is the only payment that needs to be made, there are a few add-ons to note. But take a deep breath – each one can assist you in improving your online store!
Choosing the Right Plan for Your Business
Once you have grasped the idea regarding the various pricing plans offered by Shopify, it is normal to want to know the most suitable plan for your company. Below are points to consider which will steer you towards the right choice:
1. Basic Shopify
In case you are just starting and selling a limited amount of products Basic Shopify could be the best option for you. It has all the features that you require to get your store off the ground.
2. Shopify
In case you want to improve your sales tracking where tracking other variables influencing the marketing aspects, the Shopify plan is suitable as it also includes additional features such as creating reports that are needed to assess the sale’s performance.
3. Advanced Shopify
In case you want to have advanced features incorporating customizable reports and calculated shipping rates, then you may consider having Advanced Shopify. It is ideal for companies that want to grow their business and optimize its sales.
FAQs
Is Shopify good for small Businesses?
Shopify is a great option for most businesses that operate online and need an easy solution for managing their products. It allows you to add as many products as you want and makes stock control simple. Furthermore, what makes Shopify suitable for beginners is its intuitive editor that allows them to design any website without needing to hire a professional.
Can I try Shopify before I decide?
Simply put: yes, you can! A 14-Day free trial is provided by Shopify for anyone to see if the platform works for them.
Can I have a store with Shopify Lite?
You can advertise your retail store, but it’s not possible to use an actual Shopify store. A retail store has to be opened beforehand and a Buy Button must be added to the website to allow customers to purchase items through Shopify.”
What’s the top E-commerce platform for Dropshipping?
Shopify has added to its services the use of one of the most renowned dropshipping apps, Oberlo, loved by so many of its users. They work well together to help clients develop a product line that is primed for purchasing.
In Conclusion
Finally, what’s the cost to set up a Shopify store? Numerous aspects influence the price, including the plan which can range from $29 a month for a Basic Shopify to $299 for Advanced Shopify. All plans allow some features but charge for others; thus, the decision should be based on the specific needs of the business.
