Website Building » Shopify » How Much Money Can You Make From Shopify?

How Much Money Can You Make From Shopify?

Last updated on October 1, 2022 @ 6:26 pm

Shopify is a platform for businesses of all sizes to create an online store. It offers users a customizable platform, an easy-to-use checkout process, and a wide range of features.Shopify is a great platform for entrepreneurs who are looking to start their own online business.

It is easy to use and has a lot of features that can help you succeed. However, like any business, there are costs associated with using Shopify. In this article, we will discuss how much money you can make from Shopify.

In order to start making money from Shopify, you will need to sign up for a plan. There are three different plans available, each with different features and price points. The Basic plan starts at $29 per month, the Shopify plan starts at $79 per month, and the Advanced plan starts at $299 per month.

Once you have signed up for a plan and created your online store, you will need to add products. You can either create your own products or source them from suppliers.

If you create your own products, you will need to factor in the cost of production when determining your prices. If you source your products from suppliers, you will need to negotiate pricing with them.

PRO TIP: Please be aware that the article ‘How Much Money Can You Make From Shopify?’ is outdated and may no longer be accurate. The information in this article may not reflect the current state of Shopify or its features.

Once you have your products priced and listed in your store, you will need to generate traffic. You can do this through marketing and advertising efforts or by offering discounts and coupons.

When customers visit your store and purchase products, you will earn revenue. How much revenue you earn will depend on the prices of your products, the number of sales you make, and the payment processor fees. Shopify uses Stripe as its default payment processor, which charges 2.9% + $0.30 per transaction.

Assuming you make $100 in sales per day and your average order size is $50, your daily revenue would be $50 (after Stripe fees). This would equate to $1,500 in monthly revenue ($50 x 30 days).

How Much Money Can You Make From Shopify?

You can make a significant amount of money from Shopify depending on a number of factors such as the price of your products, the number of sales you make, and the payment processor fees. For example, if you make $100 in sales per day with an average order size of $50, your daily revenue would be $50 (after Stripe fees) which would equate to $1,500 in monthly revenue ($50 x 30 days).

Kathy McFarland

Kathy McFarland

Devops woman in trade, tech explorer and problem navigator.