Shopify is an eCommerce platform that is somewhat of a household name among new entrepreneurs looking to step foot into the world of online commercial transactions. It provides a range of features to its users, which ensure that they are able to take their business to any level they want.
Costs To Consider While Setting Up A Shopify Store
From hosting services and marketing tools to plugin integrations, Shopify truly offers a well-rounded service to its clients and thereby provides a lucrative opportunity for growth. That being said, its users will be required to pay certain amounts for the employment of the services of Shopify. On average, this cost can be rounded up to a range that lies between $2,000 and $3,000.
However, here is a breakdown of the costs associated with the specific Shopify services you use.
Getting Started
Shopify offers its users a choice of four different types of plans, which differ in terms of cost as well as the kind of features that they unlock. For eCommerce novices who are just getting started, the Basic Shopify plan might be a good idea, which charges you a fee of $29 per month, along with an additional 2.9% processing fee for the transactions.
This plan comes with basic but useful and intricate features that are necessary to kickstart your eCommerce journey. The next level of plan is called the Shopify Plan, while requires a monthly deposit of $79, along with a processing fee of 2.6%. It gives you the ability to understand and analyze your customers’ behavior, thereby enabling you to make necessary improvements.
Once you have an established online store on Shopify, you can move onto the advanced Shopify function, which costs about $299 per month, plus the processing fee of 2.4%. It offers a plethora of advanced features such as detailed reports and real-time shipping data, which is extremely useful to eCommerce businesses.
The next level is mostly for corporate e-commerce businesses, which have established a prominent presence in the field. At a monthly fee of $2,000 along with the 1.6% processing fee, you can find yourself free from order management and a range of other functionalities, that Shopify will swiftly perform for you.
Additional Tools And Site Development
Just set up an online store won’t really bring customers towards you. There are a ton of functions left, which are required to give your store a well-rounded look. To start off, you will be required to pick templates, some of which are free, and others that come at affordable costs. If you wish to opt for a customized design template, then you will have to incur costs of around $10,000 to $20,000 depending on the type. Moreover, you will also have to keep in mind the costs that might be involved in availing of any additional marketing facilities.
Conclusion
You should have a sound knowledge of the financial prospects involved in setting up a Shopify store before delving into this platform. If you are a beginner, then it might be prudent to start off with the more affordable options, and then slowly work your way up as your digital store grows.
