Traditionally if you wanted to accept payments you would have to use a third-party payments processor like Stripe, PayPal, or others that would charge a certain fee per transaction. Shopify has created their own payment processor called Shopify Payments (Powered by Stripe). If you decide to sign up for this program then all transaction fees will be lifted regardless of your plan.
The world of dropshipping is often considered the easiest way to sell products online. The biggest difference between drop shipping and the standard retail model is that in drop shipping, the selling merchant doesn't stock his own inventory.  Instead, the merchant purchases inventory as needed from a third party – usually dropshipping wholesalers or manufacturers – to fulfil orders.
The DoJ has revealed an unsealed indictment of eight defendants for crimes related to their involvement in widespread digital advertising fraud. The DoJ alleges the eight individuals were behind two global schemes, 3ve and Methbot, which stole tens of millions of dollars through a scam that used fake Web traffic and fake websites to reap ad view revenue from unwitting advertisers. [More...]
We’ve previously gone into more detail about copyright, so we won’t take a deep dive here. Suffice it to say that when someone creates a song, they own that song. Makes sense, right? If you built a birdhouse, your neighbor can’t just take the birdhouse and hang it in her yard without your permission even if she gives you credit. The same goes for music, lyrics, musical scores, and even artwork that too closely approximates another. Robin Thicke and Pharrell Williams can tell you all about that.
One of the biggest drivers of e-commerce has been the interfacing of websites with bank accounts—and by extension, credit cards. Today it is possible to perform the entire gamut of banking operations without visiting a physical bank branch. This makes it easy to pay for products online, allowing for secure electronic payments via credit cards, debit cards, or gift cards, which is far more efficient than writing and mailing checks.
Hi Jeremy. I currently own an on-line retailer. Our web-site and store is through Miva. This was set up by the prior owners who all knew how to write code. I do not. I desperately need to update our web-site and store but and sooooo confused as to what is the right platform. I am leaning towards Shopify (for no particular reason). We sell single serve coffee (pods, K-cups) and have about 200 different items that we sell. Our Miva store currently ties in with Shipworks to manage our orders and shipments. I guess I would like to continue to use Shipworks but it is not 100% necessary. I would love to hear your recommendations. Thanks!
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The platform also provides an interface called Shopify Partners, where developers can play around with new websites without having to open up free trials every time. It's like a sandbox interface for those who have several clients and need to present website builds before landing jobs. You can install new themes, customize full websites and seamlessly transition from a Shopify Partners website to a launched site. Not only that, but you gain a commission for every client you bring on board with Shopify.


After the SWOT analysis is done, see how it fits into your overall vision. Where do you see your business in five years? In 10 years? This will help you set business objectives for the current year, for sales, profits, customers, traffic, new systems and new staff. After the objectives are set, you can set a strategy into place yourself or hire an e-commerce consultant to help you.
Great info everytime! I’d really like to see a Shopify (updated) and a Magento Community Version (MC) (updated) competitive comparison review. But with your expert opinion, which is the better option? I am on MC, using a server, but do not have on hand, a team of tech experts to help whenever problems arise. As the business grow, I appreciate MC’s functionality but heard Shopify matches the functionality in terms by adding the Shopify apps, and the costs of these apps would be even out by the server requirement cost for MC? I like the fact that Shopify now has a ONE payment/dashboard gateway which makes it easy for customers and admin alike, 24/7 support (would they revert to non 24/7 as their marketshare grows?), but end of day is we do not own the platform like we do MC (ownership is a pretty big thing haha), and I read that’s because they are able to execute version upgrades seamlessly with this model of us not owning the software platform? Torn between the two but want ultimate ecommerce success at the end and the correct ecommerce platform that will help bring us there. Your thoughts please.
On April 14, 2015, Shopify filed for an initial public offering (IPO) on the New York Stock Exchange and Toronto Stock Exchange under the symbols "SHOP" and "SH" respectively.[27][28] Shopify went public on May 21, 2015, and in its debut on the New York Stock Exchange, started trading at $28, more than 60% higher than its USD$17 offering price, with its IPO raising more than $131 million.[29][30]
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