Thread by @mywifequit

Shopify dominates the eCommerce space with more than 1 million businesses running stores on the platform

Here are 4 different plans you can choose to start growing your brand online 👇

//THREAD//

Shopify offers 5 plans:

1) Lite - $9/month
2) Basic - $29/month
3) Regular - $79/month
4) Advanced - $229/month
5) Plus - $2000/month

And goal of this thread is to understand how much your Shopify plan will cost and pick the cheapest plan to match your store.

Features on all plans:

1) SSL certificate
2) Shipping quotes
3) Unlimited products
4) Shopify POS: Access in person payments at pop-ups, markets and trade shows
5) Abandoned Cart Recovery: Reach out to customers and convince them to complete their purchase

1) Shopify Lite

Shopify Lite is for you if you already have a website

The Lite plan does not offer you an online store website

But you get a buy button to accept transactions on your own website and FB

And this is your go to plan if you’re winning with your online presence

2) Shopify Basic

Pick this plan when generating $16,333 in mo. revenue

Lets do math to save yourself money...

The basic plan charges 2.9% in fees
And the main plan charges 2.6%
You have to process…

$50 / .3% (pricing and transaction difference) = $16,333 to break even

3) Main Shopify Plan

Once you hit $16 - $110k in mo. revenue, choose the main plan

You get 99% of the features Shopify offers

And you only should upgrade if you:

Aren’t using Shopify payments
Want to calculate shipping rates
Have more than 15 staff (unlikely at this revenue)

4) Shopify Plus

If you’re making over 680k/month, this plan saves you money on transaction fees

Your fees will plummet to only 2.15% per transaction

So it’s an easy way to save money once you hit that milestone

Here’s what you get access to

> Up to 10 stores at no extra cost
> Shopify automated email sequence flows
> A separate store specifically for wholesale customers
> Launchpad tools to automate promotions and campaigns

Meaning your store will become more customized in this tier

If you plan to stick w/Shopify, I recommend buying a 1-year plan

Here are how the discounts work:
>10% off if you pay for a year
>20% off if you pay for 2 years
>25% off if you pay for 3 years

And the cost benefit of paying by year is HUGE.

Save $ to throw into marketing

Thanks for reading this thread!
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