4 Tools Everyone On Shopify Should Be UsingJuly 12, 2016
When I started my dot com lifestyle journey, I struggled to find useful tools and resources.
Back then, I wasn't sure what I wanted to do.
But I was sure I wanted to do something on the internet.
With a full-time job and busy lifestyle I found it difficult to get to the point when I'd say:
Yes, I'm ready.
I didn't get to that point in my life until February 2016.
I felt a wee bit more comfortable with putting myself out there to be assessed by potentially millions of people worldwide who are more knowledgeable than I.
Who'll listen to my advice or opinion anyway?
More than 5 persons per day, became repeat visitors, share my content on social media platforms, and brought a few friends along.
Believe it or not, even a few have given me access to one of their most treasured possessions.
Their email address.
How exciting and scary is that?!
Not An Easy Task
Building your own e-commerce business like me building my blog is no easy task.
And with an e-commerce site: from choosing a product, evaluating viability and sourcing, to building, launching, and growing sales.
There are many puzzle pieces to put together.
4 Tools to Grow your Business with Shopify
With Shopify, you can design and build your own eCommerce site from their tool chest.
Shopify Tools provides entrepreneurs with resources to simplify this process so they can build, launch and grow a profitable e-commerce business.
Here are four examples of the business tools Shopify provides:
1. Logo Maker
Create your very own logo design using their easy to use logo maker tool. This will create a strong persona of your brand and will make your business stand out more in your customer's eyes.
No products? No problem mon!
Easily connect with reputable wholesale suppliers.
Let's say I want to sell succulents.
I'd go to the Wholesale product search page and type in the word "succulents".
See, I got back 147 results.
Now, these results are not only the plants but accessories like cement pots and hanging planters.
All that's left for me to do is to peruse the results and make a few selections.
I Like this octagonal cement planter so I'm going to click through.
Here it takes me to a description page and the blessed option to contact the supplier.
But, before I contact anyone:
"Not sure how to style it in your home? Find inspiration on our Pinterest board by clicking here!"
Isn't that just beautiful!
This supplier is giving you value already.
They're providing information on how YOU can help to make YOUR CUSTOMERS happy.
YOU visit the suppliers or other Pinterest boards and get the ideas and use them to generate:
Easily find a profitable selling price for your product.
Input what the items cost along with your markup to find your profit.
Let's say we purchased 100 of those cement succulent pots for $180 (this is a guesstimate, bear with me).
And you'd checked out similar pots (size, material, color and quality) on Amazon and Etsy:
|Amazon's results for Cement Succulent Planter|
|Etsy's results for Cement Succulent Planter|
To get a feel for the pricing.
Also, these guys will be your competitors.
Now you're a little more confident, so you're going to sell one pot for $14.99.
But before we plug any numbers in we have to do a little Math.
Grab a pencil and a piece of paper and let's go.
Calculating the Percentage Markup
We paid $180 dollars for 100 cement succulent pots.
Cost of each pot = Cost of all pots divided by the number of pots bought. ($180/100)
That means you paid $1.80 per pot.
We decided that we're going to sell each pot for $14.99.
Therefore, when we sell all 100 pots we should collect $1499. (100 x $14.99)
Now, the "profit" would then = Selling price - Cost price.
So that's, $1,499 - $180 = $1,319.
Therefore, to calculate the markup it would be:
Profit divided by cost of items times 100.
$1319/180 x 100 = 732.78%.
So let's plug those numbers in.
$180 for 100 pots to which you'll add a markup of 732.78%
Works out to exactly what we already know.
My Math and Accounting skills are a little rusty, but you get the idea.
I'm sure you have another method of working this out.
The idea is to demonstrate how easy this tool is to use. Just put numbers in there and experiment.
In no time at all, you'll be the master of all things Shopify.
Build bulletproof privacy policies for your business.
Privacy policies are essential to modern online businesses as they relate to transparency and legalese to abide by the FTC guidelines and keep yourself out of the judge's chambers.
For me, Shopify is not only a reputable and top e-commerce platform to create and grow a profitable online business:
But a source of inspiration and resources.
One visit to their blog provided a ton of tools, and articles to get my business up and running.
There's no time like the present to get your idea off the ground.
Use the tools to:
- check for suppliers,
- find your profit margin, create your logo
- and more.
Learn more about Shopify Tools to simplify starting and scaling your business.
Now it's your turn…
Start researching on Shopify today how you'll create a brighter future where you live the dot com lifestyle your way.