5 Shopify Store Facts That You Should Know in 2022

Thinking about starting your own Shopify business but you’ve got some questions in your mind that hinders you from making the first step? You’re not alone in that feeling! Every successful person in almost every industry that you can think of has had some doubts in the beginning or somewhere within the process as they worked their way toward success.

Given the very small percentage of Shopify Stores that actually make it to the illustrious stage of success, having some doubts and feeling discouraged is a normal reaction especially to those who have limited resources and still lack some knowledge in starting and eventually maintaining an online business.

If you’re looking for the answers to those crucial questions in your mind about starting a Shopify business, you are in the right place because we’re going to give you 10 Shopify store facts that you definitely need to learn about if you’re one of those business-minded people who is seeking to start an online business in e-commerce using the Shopify platform so let’s get directly to the first one!

1. The Small Percentage of Successful Shopify Stores

There have been hundreds of thousands of online shops that have been created using Shopify as their e-commerce platform of choice but do you know how many of them reached success? Only 10% and you heard it right! 10% and that’s all! There are several reasons why the staggering 90% failed but we will get that matter answered in a separate article for you to learn from the most common mistakes that aspiring online entrepreneurs make so you won’t make the same mistakes as you start your own journey.

What matters for now is you already know that there is a chance of making it to that 5% and we’re here to help you with that so start so stop feeling discouraged and start focusing on looking into some very good examples of Shopify success. Inspiration is key at this stage so definitely look into yourself and zero in on what industry it is that you are most passionate about then start looking for products that can serve as your main man!

If you love what you are doing, the chances of you getting to the next stage is pretty high so find something that you love, look for a product that will fit to that paradigm, then start looking for inspirations and best examples. This is an important foundation for building your very own Shopify store.

2. Is Building a Shopify Store Easy?

The simple answer is yes but let me explain this further. Every person who has an idea of a good product, found a supplier for that product, and has a few hundred dollars can start a selling on Shopify. That is because Shopify makes the overall setup process easy that even those who don’t have any coding or web development skills can start their own shop in a few simple steps. But if you want a better looking shop that has a host of features that customers can use and eventually love, you’ll need the help of a Shopify developer or someone who understands web development.

If you’re not sure about Shopify yet and want to test it first to see if it’s the perfect platform for your business format and overall marketing plan then you can take advantage of their 14-day free trial offer. Setting up your own Shopify store isn’t the first step though, finding the perfect product to sell is so be sure that you have that first before setting up your very own online shop.

3. How Much Do Shopify Stores Earn?

This is something that everyone wants to hear about especially those who are looking into the possibility of building their own Shopify store. Who doesn’t want to talk about money right? But money on Shopify won’t come very easily. You’ll need to invest money as well and couple it with patience and dedication. Getting back to the money thing, Shopify store owners earn an average of $1,000 to $1,500 every month.

But that is just a conservative estimate as the possibility of scaling it up to over $10,000 per month is possible as long as you employ the right dropshipping strategies and work on marketing your product using the most effective marketing tools and promotion methods that are available at present. Those who work hard earn more! There’s no secret formula of “tiny beans turn to an enormous bean stalk” here, you will need to plant and keep nurturing as you go because success won’t grow out of the ground overnight.

4. How Much Does Shopify Cost?

Running your store on Shopify costs money but that shouldn’t worry you because as long as you do the right marketing strategies and never lose patience while maintaining passion and dedication for your business, you can easily earn it back along with large amounts of extra in profit and overall earnings. As I have already mentioned above, Shopify offers a free 14-day trial if you need some time testing the platform and once you make up your mind and decide to move forward with them as your eCommerce platform, you can start with the Basic Standard Plan that costs $29/month.

The Standard plan gives you all the basic tools so you can get started selling your product. However, if you need some extra features that can only be made available using third-party apps, you’ll ned to upgrade to the $79/month subscription plan. For huge companies, the Advanced plan would be more fitting which costs $299/month. Shopify Lite is also available for $9/month and this is perfect for those who have a website or blog and want to add products in it for sale.

5. What Best Things Can I Sell on Shopify?

Before making a decision on the product that you would sell on Shopify, you’ll first need to know whether the product you’ll sell will come from your own stocks and it is you who will be handling the inventory or you will be using the dropshipping arrangement. It is possible to sell your own products on Shopify and be responsible for the stocks and inventory or you can choose to do dropshipping which transfers the handling and stocks, inventory, and shipping to your chosen supplier.

Also, you’ll need to zero in on the niche that you’re most passionate about, something that you’ll stay in love with in the entire lifespan of your online business. There’s a plethora of options that you can find in different industries but you need to keep exploring and researching to find that best one that you would feel very comfortable in selling and building up into your very own brand or business. If you don’t think that you can handle finding that niche or picking your very own product of choice then here are some of the top selling products in Shopify that can serve as an inspiration:

- Bracelets and Women’s Accessories

- Shoes

- T-Shirts

- Beauty Items

- Books and Ebooks

- Cases for Mobile Phones

- Belt Buckles

- Shampoo

- Computers

- Marine Radar

- Dinnerware

- Curtain and Drape Rings

- Circuit Boards and Components

T-shirts and other clothing items primarily the tops garment both in men and women belong to the top-selling products around the world. If you need even more ideas of products that Shopify will sell this 2022, here’s a list of products that experts from Shopify themselves have identified.

Is Shopify Really Worth Your Time and Investment?

Now, we come to this one final question, is Shopify really worth it? Looking to the list of facts I have given above, I would give it yes as an answer. There can be a small percentage of shops that succeed and a big chunk that fail but the reasons why most of them failed are easily identifiable so therefore, they can be fixed.

Finding the right niche and zeroing in on a perfect product isn’t the edge of the sword that will help you cut towards the way of success easily, it’s just part of it. Even with the right product but without the proper marketing strategy, you’re still bound to fail. So definitely start by looking into some best examples of Shopify stores that made it to success and see how they did it.

Learn the marketing tools they used and the varying approach they employed in taking their product or brand further towards the realm of success. Every achievement requires dedication and sacrifice and there’s always that starting line to begin with so start drawing yours today!

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