After Pandemic, the one industry that has exponentially grown is eCommerce businesses. Stay home and stay safe slogans have increased the popularity of (both B2C and B2B) online shopping websites, which provide ease, comfort, and safety to their users. If you can’t go to the mall, you can buy it online. Seeing the trend, many enterprises start shifting to an online model. Unfortunately, setting up a B2B website isn’t as easy and cheap as it may sound. The best solution for those small and unknown businesses is to create an account on a reputed and highly-trusted online marketplace such as Shopify. In this article, we would remind merchants of the Shopify concept and prominent characteristics of each Shopify pricing plan for further consideration.
READ more about Shopify B2B features to pick a suitable Shopify wholesale pricing plan.
What Is Shopify?
Shopify is a cloud-based SaaS platform for eCommerce webstores. Users can conveniently build a B2B online store using this platform, including product launch, shopping cart, payment, product management, social networking, and more.
Shopify’s main advantage is that it makes it easy to get this stuff up and running fast.
Even those who aren’t tech-savvy or have no programming experience can create a Shopify B2B eCommerce website in a short amount of time.
Shopify allows users to sell anything from anywhere. Shopify enables business owners to manage their online store completely, handle unrestricted inventory, take online or in-person orders, monitor sales patterns with analytics tools, procure items directly from Shopify’s dropshipping suppliers, and many more.
Shopify offers both free and premium plans. A free plan obviously comes with many restrictions, and it is more like a test drive. Choosing the right Shopify pricing plan is very important because if you overspend on Shopify and do not make enough revenue, you might end up with losses.
Now we will help you to choose the best Shopify wholesale pricing for your B2B business.
How to Choose the Right Shopify Pricing Plan for B2B Business?
Shopify has a variety of pricing plans that fit different categories of sellers and their budgets. For $9/month, sellers without a Shopify website can sell securely on blogs and Facebook, while companies who do require a website can launch one on any budget.
Shopify prices are slightly higher than some of the newly introduced eCommerce B2B platforms. If you are thinking of going low on budget, then try to consider the Shopify alternatives.
If you’re new to Shopify or online selling in general, here’s a look at the types of sellers that use 4 Shopify pricing plans:
When you have an extensive product range, this is the most cost-effective option. Shopify does not impose any restrictions on the number of items or file storage. “Abandoned Cart Recovery” is also included in this plan. Gift cards and professional reports, on the other hand, are not included. It’s fantastic to see that telephone service is now included in this plan.
We recommend this Shopify pricing plan for small companies that are on tight budgets and don’t arise advanced business needs.
The Shopify package is $50 more expensive, but it has more options and has a lower credit card limit. Credit card fees are paid at a lower rate of 0.3%, and professional reports give you more visibility into the online store, making analysis easier.
In any case, before switching to this package, you can review your Google Analytics; it’s free and will give you a decent idea of how well your online store is doing. Gift cards are included with this package, but they can also be added with an app to the Shopify Basic plan, which is much less expensive.
This Shopify pricing plan is recommended for small businesses planning to scale up quickly and generating a revenue of over $5000/ month.
The most expensive scheme is Advanced Shopify. However, the credit card payment limit is the lowest and has the best terms for shipping in the US.
This package is the only solution if you require real-time carriers to ship, meaning that the delivery costs are determined automatically by a third party. In addition, it has an innovative report builder that enables you to create your professional reports.
We suggest the Advanced Shopify pricing plan for small-to-medium businesses generating more than $10000 on monthly revenue. This version also facilitates users to enrich their Shopify wholesale webshops with essential B2B functionalities by installing applications.
For its popularity, there are a plethora of Shopify B2B app providers on the market for you to choose and empower your B2B store.
VISIT our roundup list of 19+ top Shopify B2B apps NOW to pick some tools that can make your webstore more professional!
Shopify Plus is a company solution for companies looking for a flexible e-commerce website. The short version of a long story: Shopify Plus B2B pricing is about $2000 a month, a noticeable difference over Shopify Advanced ($300). But what would you get if you get to the top?
First, the dedicated support staff will assist you with the launch and ensure priority support 24 hours a day, seven days a week. Second, your developers will have more customization access to the Shopify system (cart scripting, dedicated API, etc.). You are compensated for internationalization with two different clone fronts.
What are Shopify’s Transaction Fees?
There are two types of fees: one that Shopify imposes on the revenue (ranging from 0.5 % to 2%), and another that the payment gateway charges (such as Paypal, Stripe, or Authorize.net). Please notice, Shopify covers no manual payment procedures such as cash on delivery or bank transfers.
Shopify charges slightly more fees compared to other competitors. In case you’re considering one of the best competitions of Shopify, then it is WooCommerce. The battle of Shopify vs. WooCommerce is not new, and you can compare the two platforms to choose which one fits you best, based on your budget and business requirements.
Tricks to Avoid Shopify’s Transaction Fees?
The exciting news is that by using Shopify Payments, you can bypass the Shopify fee (available in the USA, UK, Australia & NZ, Canada, Germany, Ireland, Spain, Japan, and a few others). Please see this guide for a complete list of approved countries and companies not allowed to use Shopify Payments.
It’s important to remember that using Shopify Payments removes the Shopify cost, meaning Shopify won’t charge you any extra fees if your customers pay via Paypal or Amazon Pay. So, if at all possible, continue to use Shopify Payments! There is no subscription fee, and the setup is also free.
There is no domain or email hosting included with any Shopify pricing plan. You can purchase a domain name from Shopify for $14 per year, although this does not have email hosting. We suggest comparing these rates to those offered by a few other domain registrars (Namecheap, GoDaddy, etc.).
In addition, any plan requires you to use a custom prototype or install applications from the Shopify App Store. The majority of these are free, but you will be charged if you need a unique element. It is better for you to use your free trial to test Shopify thoroughly.
Monthly vs. Yearly Plans and Cancellation
If you pay every month, you can upgrade, downgrade, or cancel Shopify at any time. If you want to keep your costs down, a monthly schedule is a way to go, particularly initially. Later, you can save money by choosing to upgrade to a long-term prepayment option and save a lot of money.
In short, Shopify is a versatile B2B newcomer network. Shopify has a big community and app providers, and each Shopify pricing plan serves the development of small-to-medium B2B websites well. Shopify wholesale pricing ranges from low to high as a motivation for any kind of business size to enter the B2B Commerce world.
We’re here for Shopify merchants around the world to consult and leave us your requirements. To form the best eCommerce community, we provide FREE consultation service and our development/ migration service fees are reasonable.
In case you need competent B2B developers to help build a sales-yielding Shopify B2B store, don’t hesitate to glance at our B2B website development service to see how BSS can empower wholesale eCommerce businesses.
BSS Commerce is one of the innovative B2B & B2C multi-platform web development service providers around the world. With experienced and certified web developers, we commit to bringing high-quality products and services to optimize your business landing page effectively.
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Librah has great expertise in delivering content related to E-commerce world, Magento & Shopify tips, SEO, and a lot more. If you have any trouble with your Shopify store, don't hesitate to contact her! Best wishes.