M3’s Post

Shopify Plus pricing just increased 25% 😵 Stock market loves it ($SHOP rose +7% today) Brands hate it. BUT, don’t freak out - not a big deal. Read why… If you’re on Shopify Plus, you got an email today alerting you of 2 increases: 1. Plus plan increases from $2k to $2.5k per month. But - if you’re an existing merchant and commit to a 3yr contract by April 24, you lock in your current pricing. No brand in their right mind would look outward unless fees literally 2x’ed from here. Even then it would still be underpriced & superior to other alternatives. You should not think about other alternatives, no platform is even a standard deviation away from where Shopify sits currently. Sign your 3yr deal and your problem is solved. Moot point. 2. On March 13, merchant processing fees are: - Increasing 0.1% for non-AMEX and international transactions; but are actually - Decreasing 0.2% for AMEX transactions American Express only accounts for 10-15% of all credit card transactions by volume, so this will be a net negative for brands and will be a direct hit on their bottom line. In the grand scheme of things: - the 3yr commitment is a no-brainer, so your rates remain flat - merchant processing fee net increase is essentially a rounding error Shopify continues to be THE e-commerce platform. You’d be crazy to think or act otherwise.

Here's 1 tip for getting a higher conversion rate for your e-commerce store: 1. Set up abandoned cart emails I cannot stress this enough... You are letting money get away from you Why do you think your favourite brands send you emails after you add something to your basket & leave it for some time? It's because they know you've shown interest & bailed at the last moment Whether that's because you got distracted or realised it was an expensive purchase These brands want your cash & want to remind you about your decision to buy So they send you a recovery email to encourage you to fully commit & push you just that little bit further Bumping up their conversion rates & collecting your cash! If your favourite brands are doing it Ask yourself this: Why aren't you? Or if you are, how can you make them even more irrestistable?

Not giving up on this NY resolution. The daily post today is a Shopify update! December was a busy time so here are all the Shopifyu updates you might have missed: - Shopify's built-in form functionality now allows you to set up custom notifications for each form, no need for a custom solution for this. - Shopify again is heavily focusing on there B2B/ Wholesale functionality, you can now sell digital products B2B/ wholesale. - Improved metrics and analytics ( they were pretty damn good in first place btw). - Set payment terms and collect deferred payments for local currency orders - Edit existing local currency orders in Shopify #shopifyexpert #shopifyexperts #shopify #shopifydeveloper #shopifydevelopment #newyearsresolution #newyears #code #content #linkedin #data #brand #update #ecommerce #ecommercebusiness #ecommercesuccess

Shopify Inc. reported over 20% growth in revenue and gross merchandise volume (GMV) for the first quarter of fiscal 2024. The e-commerce platform provider highlighted recent successes, including its strong performance in North America, where it is used by 117 of the Top 1000 online retailers. Get the full details with the link below ⬇️ https://lnkd.in/gikmXutY #ecommerce #ecommercenews #ecommercebusiness #onlinebusiness

Hey Shopify Partners, ready to level up your earning game? Shopify's got your back with new ways to boost your revenue while helping merchants thrive on the platform. With the constantly evolving commerce landscape, merchants need agile solutions to navigate challenges like rising acquisition costs and evolving consumer expectations. That's where you come in as a Shopify Partner, equipped to guide them toward success. So, how can you cash in on these opportunities? Shopify has rolled out enhancements to reward partners who refer merchants ready for Shopify Plus. Not only do you earn recurring revenue on your referred merchant's Shopify Plus plan for its lifetime, but you also get bonuses for closing multiple deals and collaborating on named strategic accounts. Plus, there are product referral promotions like earning bonuses for every merchant you refer to POS Pro and extra perks for launching merchants on Markets Pro, Shopify's international selling software. These incentives empower you to reinvest in your business while delivering exceptional experiences for Shopify merchants. Ready to seize these earning opportunities? Head to Shopify's Help Center for all the details. Follow our page for the latest scoop on digital marketing trends, insider tips, and updates on our game-changing services for eCommerce business owners. #amazonsellers #stayupdated #competitivespark

🚨🚨🚨 Shopify introduced changes to #ShopifyPlus pricing! Here's what you need to know: ➤ Price Increase: Get ready for a 25% hike in prices, along with additional fees. It's hitting everyone hard, so be proactive in managing your costs. ➤ Special Offer Alert: Consider locking into a three-year deal before April to maintain the current $2000 rate. This could save you big bucks in the long run! Now, let's talk about the nitty-gritty - the Variable Platform Fees (VPFs): ✘ Old VPFs (for those locking in rates): - D2C (Online + Retail): 0.25% - B2B (since August 2023): 0.18% ✓ New VPFs: - D2C Online: 0.4% (0.35% on a three-year term) - D2C Retail: 0.25% - B2B: Remains at 0.18% But here's the kicker: The absolute increase of 0.15% in the Online D2C VPF translates to a whopping 60% surge! This will likely be the biggest contributor to increased fees for most of us. Bottom line: Lock in that three-year special offer plan if you believe your business will thrive in the long term. Understanding these fee changes is key to staying ahead in the ever-evolving world of e-commerce. Stay informed, stay proactive, and keep your business thriving on Shopify! 💪🛍️

Changes to Shopify Plus pricing Shopify plus platform fees will increase to $2500 USD per month if you choose to stay on your current plan. We are alson introducing changes to variable platform fees based on online , retail ,and B2B sales. The variable platform fee for online sales will increase to 0.4% and a new 0.18% fee for B2B orders will go into effect. There will be no changes to retail fees.

Are abandoned carts hurting your sales? Here’s a quick hack to recover them: Exit-Intent Popups! A well-timed discount or message can be the nudge they need to complete their purchase. 💰✨ Implement this hack today and start turning those lost opportunities into sales! Need help optimizing your e-commerce store? Let’s chat! 📲 #ecommercehacks #onlinebusiness #transformyourbusiness #ecommerce #strategy #onlinebusinesshacks #shopify #ecommercetips #digitalmarketing #ecommercemarketing #ecommercebusiness

👑 Shopify Reigns Supreme as World’s Top Ecommerce Platform 👑 Shopify has emerged as the most popular ecommerce platform globally, a vital insight for online sellers. Shopify dominates with a 17.75% share, representing 4.4 million of all ecommerce stores. Here's what this means for you: 🌐 Global Leader: Shopify’s widespread use underscores its reliability and range of features suitable for various business needs. 💡 Competitive Edge: Understanding Shopify's tools can give you a competitive advantage in the bustling online marketplace. In essence, Shopify's dominance in the ecommerce world is a clear indicator of its robustness and versatility, making it a platform worth mastering for any online seller aiming for success. #ecommercesolutions #ecommercetips #ecommercesuccess #ecommercestrategy

Shopify Q2 Earnings Call Takeaways 👇🏼 Passed $1 trillion cumulative GMV processed through Shopify 🎉 Revenue = $2.05 billion (beating $2.01 billion estimate) Subscription Revenue +27% to $563 million Merchant solutions revenue + 19% to $1.5 billion (beating $1.47 billion estimate). +140% year-over-year B2B GMV 6x increase in B2B online orders YoY Takeaways: Shopify's investment in B2B (Shopify Plus) continues to be the industry's standard. Merchants are still flocking to the platform. $1 trillion processed through the platform solidifies it as a juggernaut. DTC gets the flashy commercials, but don't sleep on B2B sales. Let's see if they can keep the momentum. https://lnkd.in/gcazENV7