Shopify is revolutionizing Ecommerce and minting millionaires in the process. Find out how you can benefit, too.
What You Will Learn
The Best Business Opportunity Ever?
Ottawa, Canada is not the kind of place usually associated with innovation and giants of the tech industry. Yet one company founded in the city has grown from humble beginnings to become a burgeoning giant that is changing the way the world shops.
Since Shopify’s IPO, share prices have rocketed at a staggering rate, and the company now has a valuation in the tens of billions. And yet this is just the beginning. While predicting the future is always a dangerous game, it’s a good bet to assume that Shopify will go from strength to strength throughout the 2020s and beyond.
Founded by Tobias Lütke, Daniel Weinand and Scott Lake, Shopify was built out of frustration. Tobias set out to build his own snowboarding store, but found the tech solutions available to be too limiting and complicated.
So being a programmer himself, he decided he could do better. And the result was the launch of the beta version of Shopify in 2006.
At the time, Amazon was the undisputed king of Ecommerce. But Amazon wasn’t yet allowing third-party vendors to sell on its platform. So anyone who wanted to create their own Ecommerce store had few options. Shopify provided these sellers with an opportunity to get online and start selling quickly and easily.
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A Decade of Rapid Growth
Growth was shaky at first, but Shopify caught a break by being one of the first Ecommerce platforms to embrace sales on mobile devices. The Shopify app for iPones took off, and the company leveraged the momentum with a build-a-business competition involving Sir Richard Branson.
Since then, Shopify’s growth as an Ecommerce platform has exploded. The company is constantly acquiring not just new technology, but also buys companies to gain access to their tech staff.
The addition of Shopify Payments was another huge leap forward, making it easy for sellers to accept payments without jumping through hoops to get a merchant account.
In 2014, Shopify passed the 100,000 store mark, with retailers from 150 countries selling through the platform. But there was another huge boost to come.
In 2017, shares in Shopify rose in value by 10% overnight, following the announcement of the Amazon Sales Channel. This allowed Shopify sellers to simultaneously list their wares on Amazon, requiring only a few clicks to get started.
Better still, Amazon closed down its own webstores division, and recommended Shopify as their preferred migration partner. The result was massive growth in both the number of Shopify stores, and the volume of sales they produced.
A High-Tech Solution
Today, Shopify is the most advanced Ecommerce solution on the market. It has morphed into a fully cloud-based platform that offers multiple channels. Sellers can easily monitor their storefronts, manage inventory, process and ship orders and build ongoing relationships with customers.
Development continues, with data analytics and access to financing being offered, too. And with third-party developers creating a wealth of themes, apps and tools, there is no limit to what you can do with the Shopify platform.
Whatever you want to do with your online store, Shopify provides you with the tools and resources to make it happen. The range of options can be bewildering, but the choice gives you the ability to get a real edge over your competitors.
The Leader in a Massive Market
The global ecommerce market is expected to reach $4.9 trillion by 2021. And Statista shows that online sales are projected to reach 17.5% of overall sales by 2021. Right now, the total of sales on the Shopify platform amounts to $41 billion a year. That sounds a lot, yet it’s only 1.5% of global online sales.
So the potential for growth is huge. The sky high share price reflects investor confidence that Shopify will be one of the clear winners in the future of Ecommerce.
Shopify has established itself as a clear leader in a fast-changing market, and we can expect continued innovation, acquisitions and expansion. That means the platform will just keep getting better for sellers.
Profit with Shopify
Ecommerce is already huge, yet we are still in phase one of this shopping revolution. Get started in Ecommerce today, and you can look forward to achieving massive success in the years ahead.
While you have many options in terms of platforms, Shopify is the standout opportunity. Now is a great time to jump on the Shopify bandwagon and get your share of the Shopify millions.
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