7 Ways You Can Use Shopify To Make Good Money Online In 2024

Introduction To Our 7 Ways You Can Use Shopify to Make Money Online

Who are we missing these days? Days come and go and we even don’t realize it! It is crazy living in 2021! Thanks to the advent of technologies such as smartphones and high-speed internet, everything has got faster! Sometimes, it is really hard to even catch a break during the day! What can we do about it?

Well, we have invented the fastest car, the widest streets, and most high-tech cities, haven’t we? However, it seems that these haven’t been completely enough, not at least before the explosion of online shopping. It significantly changed our economy forever. Online shopping has penetrated so deep into the core of our economy that no one can even what it used to feel before online shopping.

Perhaps, people used to be skeptical about it. At first, nobody was eager to spend on expensive and delicate products such as smartphones, digital cameras, and even cars. Look at the market right now! People not only trust online shopping platforms but are also encouraging others to do so. In a way, there are right to do this because the benefits of online shopping are limitless.

Shopify is one of the best platforms for providing such services to internet users. It has been successful in drawing attention to himself. So, in this article, we are going to define the elements of online shopping. Then, we will discuss the benefits of running online shopping. In the end, we will introduce Shopify and how you can exploit it to build your own business. What are you waiting for? Let's get started.

What Is An e-Commerce Company?

It is very simple. E-commerce refers to a situation in which an internet user buys a product or service from the internet. This business is getting bigger and bigger as your lifestyle doesn’t allow us anymore to waste our time in the traffic and do window shopping. It is safe, fast, and reliable. E-commerce is so trusted by internet users that nearly 40% of all internet users in the world have bought something online at least once. This is equivalent to $15 billion a year.

How Many Types Of e-Commerce Are There?

There are four different types of e-commerce available right now. let's see what they are. They include business to consumer (B2C), customer to customer (C2C), consumer to business (C2B), and business to business (B2B). What are they? Why do they offer to us?

Business to consumer (B2C)

This is one of the most common types of e-commerce. It happens when a small or big company tries to sell its products or services to consumers. Amazon and Walmart are some of the biggest names in the business-to-consumer marketplace.

there are five different ways in which businesses apply the business-to-consumer method to sell their products and services. These ways include direct sellers, online intermediaries, advertising-based B2C, community-based B2C., and finally free-based B2C. For example, Microsoft and Apple companies use the direct sellers' method. Or, Online intermediaries happen when a website provides an opportunity in a website for businesses and customers to come into contact.

Usually, this website will take a part of the transactions happening through the website. Companies like eBay or Etsy are examples of online intermediaries. What about advertising-based B2C? it includes advertising a company on a website that gets lots of traffic such as YouTube. Also, community-based B2C happens through social networks and beyond. Finally, networks such as NETFLIX, and Hulu some examples of free-based B2C which requires a subscription.

Business to business (B2B)

to put it simply, business to business is the exchange of products, services, or information between two businesses. Payroll processors, industrial suppliers, and software developers are examples of companies interested in the business-to-business method. All companies that are active in the business-to-consumer method, can do business-to-business interactions too. A very good example, the automobile industry goes into transactions in a business-to-business way with many other companies because they need lots of parts for manufacturing cars.

Business to business happens under three circumstances. When a company's recourses are materials like automobile parts, services like hiring an accounting firm for managing finances, end products like a dealership purchasing a car from the manufacturer to sell to a customer. Business-to-business transactions are much more than business-to-customer ones.

Customer to customer (C2C)

in customer to customer transactions, there is the exchange of products or services among consumers. In fact, consumer to consumer refers to trading goods online. consumer to consumer happens through eBay. It is actually an upgraded version of people participating at a flea market where people sell used items, antiques, etc. However, there are several disadvantages associated with the customer-to-customer method. For example, because you are dealing with individuals and not companies, you are more likely to encounter dishonest people. Or, they might give you false information about the product.

Consumer to business (C2B)

this business model happens when consumers create values for the business. For example, consumers might write reviews for companies. Or, they might come up with new ideas about developing products.

So, we now know about e-commerce. Some many companies and websites are active in this field. Shopify is one of the most popular ones. Here, we are going to review the features of Shopify. This platform has a lot of aspects that need to be discussed in detail. Let's start with some facts about Shopify and then we get deeper and deeper.

Some facts about Shopify

– Shopify is not only a website. In fact, it is subscription-based software.

– It gives people the opportunity to set up an online store and sell their products and services.

– Interestingly, Shopify stores can also be active in physical locations through a feature called Shopify POS, our point-of-sale app and accompanying hardware.

– The company was founded in 2006 in the US.

– Currently, more than 7000 people are working for Shopify.

– Their services are international with no limitation. Its main service is online shopping.

– Tobias Lutke, Daniel Weinard, and Scott Lake are the founders of this platform.

Shopify three types of products

there are basically three products provided by Shopify. It includes Shopify's core product, additional products & services, and Apps built by trusted partners. Now, let's review them one by one.

Shopify Core Product

This is the most important product of Shopify. Let me ask you a question. What do you need before start selling your products online? Well, the first thing is a website as your online store, isn't it? first of all, Shopify will take care of your website. it includes templates that you need for your website. Also, integrated payment processing, converting checkout, SEO, and marketing tools are other things you need for your website. With Shopify's core product, you will have features like a storefront, a payment processor, a shipping partner, a back office, marketing headquarters, and many more.

Shopify’s additional products and services

This makes you sure that your business accesses accelerated payment options. these options help businesses grow their sales in the market very fast.

Apps built by trusted partners

One of the problems that website owners have is Shopify's App Store. What is it? Before answering this question, let me explain something. One of the things all website owners are scared of is the ability to use coding language. However, thanks to Shopify's App Store you don’t need to be worried about that because you don’t need even one line of coding.

Shopify's App Store has thousands of apps and features that you need for customizing your store every easily. With this feature, you have access to Shopify Experts too. You can hire them to build custom solutions for your business. You can also learn to code yourself.

What you get after signing up for Shopify

There are four main features you will have once you sign up. Let's review them and see what they do:

Storefront

Storefront includes hosted online store and POS Lite. In the Hosted online store you can create web pages, upload blog posts, and sell products. All the templates and themes are customizable so you could revise them according to your specific niche. Another important feature of hosted online store is free web hosting provided by all plans.

It means that software updates and website security are going to be taken care of by Shopify. What about POS Lite? What is it? Well, Shopify is for online shopping, right? However, thanks to Shopify POS, you can sell your products in person. You can do it with both smartphones and tablet devices.

It might get fuzzy very fast when you are selling your products through online shopping and retail locations. But everything is going to be synced with Shopify POS as you can streamline your business activities by bringing everything centered in one single place.

Payment processor

if you set up a third-party provider for your payment processing, you will need to spend money on transaction fees. However, payment processing is completely free on Shopify as there are nearly 100 payment gateways for selling in 133 currencies. Another option included in Shopify is Shopify Checkout. It doesn’t matter what platforms you are using to sell your products. You can use Shopify Checkout for all of them. Also, speed, conversion, and customer experience are all secured thanks to this amazing Shopify Checkout.

Shipping Partner

Shipping is also part of the Shopify system. Creating shipping setup, fulfilling orders in bulk, creating USPS SCAN FORS, arranging pickups with postal companies like UPS and DHL are all part of the Shopify shipping partner. For special countries like the US, Canada, or Australia, you can track down your cargo, ask for faster shipping, and applying for discounts.

Back Office

There are several features available in Shopify which can help you run your business faster and smoother. For example, Shopify has a mobile app for keeping up with your business from wherever it takes you. the next feature is analytics and reports. You will be able to assess your business in real-time. Getting detailed insights and reporting your business performance is part of it.

Pricing

– There are several plans available on Shopify. The good thing is that they don’t limit the number of products you are selling or the traffic you are getting.

– Plans are limited based upon available features, account members, and payment fees. There is no refund after the payment.

Templates and design

– As we said, there are very stylish and modern templates. So, you will be sure that your webpage will look great on any device such as smartphones, tablets, or laptops. What about themes? They are also great. However, not all of them are free.

– If you want to come up with something 100% novel, you will be able to develop your theme.

Backend

– Backend is very neat.

– There is a well-structured left-hand sidebar and clean design.

– Adding products to your list is also very easy to navigate.

Shopify competitors

Shopify is not alone in the market. There are many more e-commerce platforms on the internet. For example, Wix, BigCommerce, WooCommerce, Volusion, LemonStand, sdcart, BigCartel, and Magentio are some of these competitors on the internet. Some of them are exclusively designed for specific products while others are more general.

Summary

The economy of our world depends on e-commerce. This is because most people are getting used to online shopping. Our shopping style has changed and is greatly shaped around eCommerce platforms. Among all online shopping platforms in the market, Shopify is one of the most popular ones.

Shopify is an online shopping company. it offers everything your business needs to start selling your products and services. Creating a website, applying marketing techniques, guiding customers to secure payment, and fast shipping are all included in the Shopify system. You just need to choose your preferred plan and start making money! What are you waiting for? Go and check out the website. I hope you found this article helpful. Take care.

JeannetteZ

I would love to hear from you. Please leave me your questions, experience, remarks, and/or suggestions with Shopify in the comments section below. You can also email me at Jeannette@WorkFromAnywhereInTheWorld.com.

7 Ways You Can Use Shopify to Make Good Money Online