Can Shopify Make Me Money? A Study of Shopify's Most Successful Brands
In the world of ecommerce, Shopify is king. With over a million merchants using their platform, it's clear that they are doing something right. But what is it? And can Shopify make me money? In this study, we will take a look at some of the most successful brands on Shopify and see what makes them tick.
We will explore how these businesses grew to be so successful, and see if there are any lessons that we can learn from them. So if you're thinking about starting an online store, or you're just curious about how Shopify works, keep reading!
Can Shopify Make Me Money?
Shopify is a platform that allows anyone to create an online store. It's simple to use and has a lot of features that make it easy to run a successful online store. But can it actually make you money?
To answer this question, we decided to take a look at some of Shopify's most successful brands. We looked at their traffic, conversion rate, and average order value to see if they are making money.
Here's what we found:
- A 2020 survey found that Shopify dropshippers can make as much as $10,000 over a period of two months.
- The average Shopify store makes $3,897 a month.
- The top-performing Shopify stores make an average of $72 per customer.
So, yes - you can definitely make money with Shopify. But how much you make will depend on a number of factors, including your niche, product selection, pricing, and marketing.
If you're thinking about starting a Shopify store, we recommend doing your research and making sure you have a solid plan in place. With the right strategy, Shopify can be a great way to make money online.
Common Traits Successful Shopify Store
Now that we've answered the question "can Shopify make me money?," it's time to take a closer look at some of the most successful Shopify stores. What do they have in common?
Intense Focus on Customer Experience
The most successful Shopify stores all have one thing in common: they provide an excellent customer experience. This means having a well-designed website, providing fast and free shipping, and offering great customer service.
It's also important to note that the best Shopify stores are always looking for ways to improve the customer experience. They are constantly testing new ideas and making changes to their website and operations. This focus on customer experience is one of the main reasons why they are so successful.
Web design plays a huge part in your customer experience. As such, hiring an experienced Shopify development team like the Shopify experts at Webinopoly is essential to creating a top-notch online store.
Another common trait of successful Shopify stores is that they sell high-quality products. This might seem like a no-brainer, but it's actually quite difficult to find quality products at a good price.
The best Shopify stores have done their homework and found suppliers that offer quality products at a fair price. They also put a lot of time and effort into product photography and descriptions, to make sure that their products look as good as possible.
In addition to selling high-quality products, the most successful Shopify stores have a strong brand appeal. This means that they have a unique and recognizable brand identity.
Creating a strong brand identity is not an easy task. It takes time, effort, and usually some professional help. But it's worth it, as a strong brand can be one of your biggest assets.
The most successful Shopify stores have a team of professionals working on their branding, from graphic designers to web developers. If you're serious about building a successful Shopify store, we recommend investing in some professional help to create a strong brand identity.
Hassle-Free Payments and Minimal Unnecessary Charges
Last but not least, the most successful Shopify stores make it easy for their customers to pay. This means offering a variety of payment methods, as well as minimizing unnecessary charges (like hidden fees and currency conversion charges).
The best Shopify stores also offer free shipping, which is a great way to reduce cart abandonment. And if you do need to charge for shipping, make sure that it's clearly stated on your website.
Another important factor in the success of Shopify stores is social proof. This is basically when your customers see that other people are buying from you and are happy with their purchase.
There are a few ways to create social proof on your website. The most common is to show customer testimonials and product reviews. You can also showcase social media posts from satisfied customers.
Accurate Product Descriptions
The best Shopify stores have accurate product descriptions. This might seem like a small detail, but it's actually quite important.
Your product descriptions should be clear, concise, and free of any typos or grammatical errors. They should also give your customers a good idea of what they're going to get when they purchase your product.
If you're not sure how to write good product descriptions, we recommend hiring a professional copywriter.
Excellent Customer Support
The best Shopify stores have excellent customer support. This means being responsive to customer inquiries and complaints and offering a help center or FAQ section on your website.
The best way to provide excellent customer support is to hire a team of dedicated customer service reps. But if you're just starting out, you can also use a live chat tool like Intercom or Zendesk.
Lightning-Fast Website Loading Speeds
Last but not least, the best Shopify stores have lightning-fast website loading speeds. This is important for two reasons: first because it's good for your customers, and second, because it's good for your search engine ranking.
There are a few things you can do to improve your website's loading speed, including using a content delivery network (CDN), optimizing your images, and using a caching plugin.
If you're not sure how to improve your website's loading speed, we recommend hiring a professional web developer. The experts at Webinopoly can help you optimize your website for speed and performance.
Abandoned Cart Recovery
One of the best ways to make money with Shopify is to set up abandoned cart recovery. This is a feature that allows you to recover lost sales and turn them into actual orders.
There are a few different ways to set up abandoned cart recovery, but we recommend using the Shopify app Abandon Aid. This app is designed specifically for Shopify stores, and it's free to use.
Another great way to make money with Shopify is to offer discounts and coupons. This is a great way to increase sales and encourage customers to come back to your store.
Top Tips for Shopify Success
Now that we've gone over some of the most important factors in the success of Shopify stores, let's take a look at some top tips for making money with Shopify.
Make Your Store Mobile-Responsive
One of the most important things you can do to make money with Shopify is to make sure your store is mobile-responsive. This means that it looks good and functions well on mobile devices like smartphones and tablets.
To make sure your store is mobile-responsive, we recommend hiring a professional web developer. The experts at Webinopoly can help you create a store that looks great and works well on all devices.
Use High-Quality Images
Another important tip for making money with Shopify is to use high-quality images. This means using professional product photos and adding alt text to all of your images.
If you're not sure how to add alt text to your images, we recommend hiring a professional photographer.
Sell More Products
Of course, the best way to make money with Shopify is to sell more products. There are a few different ways you can do this, including using social media, running ads, and offering discounts and coupons.
If you're not sure how to increase sales, we recommend hiring a professional marketing agency. The experts at Webinopoly can help you create a marketing plan that will help you sell more products.
Focus on Customer Retention
Furthermore, one of the best ways to make money with Shopify is to focus on customer retention. This means keeping your customers happy and coming back to your store again and again. There are a few key ways to do this:
- Offer great customer service: This one is pretty self-explanatory. If you offer good customer service, your customers will be more likely to come back and shop with you again.
- Build a strong brand: A strong brand will make your store more recognizable and memorable, which will lead to more customers.
- Offer loyalty programs: Loyalty programs are a great way to keep customers coming back. You can offer discounts, rewards, or other perks to encourage your customers to shop with you again.
Focus on these key areas and you'll be sure to see an increase in customer retention (and therefore, more money in your pocket).
Build Your Email List
Another great way to make money with Shopify is to build your email list. This can be done a few different ways:
- Include an opt-in form on your website: You can add a form to your website where visitors can sign up for your email list.
- Run a contest or giveaway: Contests and giveaways are a great way to get people to sign up for your email list. You can offer a prize to those who sign up, which will incentivize more people to do so.
- Add an exit-intent popup: Exit-intent popups are forms that appear when someone is about to leave your website. They can be used to capture emails and keep people from leaving your site. If you can get people to sign up for your email list, you'll be able to send them marketing messages and promote your products, which will lead to more sales.
Optimize Content for E-Commerce
In order to make money with Shopify, you need to optimize your content for e-commerce. This means creating product pages that are optimized for conversion and include all the necessary information that potential customers need.
Your product pages should:
- Include high-quality photos: People want to see what they're buying, so make sure to include high-quality photos of your products.
- Include detailed descriptions: Include as much detail as possible about your product, including features, benefits, and specs.
- Include customer reviews: Customer reviews are a great way to build trust and show potential customers that you're a reputable brand.
- Include a call-to-action: A call-to-action (CTA) is a button or link that encourages people to buy your product. Make sure to include a CTA on each of your product pages.
Drill Down on Shopify Development Best Practices
If you want to make money with Shopify, it's important to drill down on development best practices. This means following the guidelines set forth by Shopify in order to create a high-quality, well-optimized website.
Some of the things you'll need to do include:
- Choose a theme: Choose a theme that is well-designed and optimized for conversion.
- Customize your theme: Once you've chosen a theme, make sure to customize it to fit your brand.
- Add apps and plugins: Apps and plugins can help you add functionality to your store and optimize it for conversion.
It's crucial to keep in mind that Shopify development isn't something you can learn overnight. If you're having trouble keeping up with the demands of your Shopify store optimization, you may want to consider hiring a Shopify development team.
Our experts at Webinopoly can help you with all your Shopify development needs. Contact us today to learn more.
Can Shopify make me money?
Yes, Shopify can make you money. However, it's important to keep in mind that there is no guarantee of success. In order to make money with Shopify, you need to have a well-optimized store and offer products that are in demand. You also need to focus on key areas such as customer retention, email list building, and content optimization. If you can do all of this, you'll be well on your way to making money with Shopify.
WebInopoly is a full-service Shopify development agency. We can help you with everything from store setup to theme customization to app development. Contact us today to learn more about how we can help you make money with Shopify.