91–100 of 144 posts
Shopify is so expensive and for a small-time shop hosting and paying the shop fee eat up your first 2-10 sales easily, where is the free platform that only charges per sale?
Wordpress + WooCommerce You can say all you want about bad the platform is, but the fact of the matter is that you can setup and start selling on a proven platform for almost nothing.
Unless there is some feature that WooCommerce can throw in for free that would require paying a Shopify developer an ongoing fee (wishlist functionality is probably one) your monthly fees are going to be similar.
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I run a non-Shopify online store and maybe like 80% of my competitors are running a Shopify-powered drop-shipping operation. There's always new ones of these Shopify stores popping and and disappearing every few months.
I place 50 virtual chips on your shop going out of business in the next 2 years.
Bigger than eBay by market cap, but much smaller by revenue.
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Sure they do, Amazon fulfillment is a giant business. https://services.amazon.com/fulfillment-by-amazon/benefits.h...
Well most of the time when I order something from a third-party vendor, it doesn't come in an Amazon box, so I suppose it is handled by the vendor, not Amazon.
Bigger than eBay by market cap, but much smaller by revenue.
More importantly. eBay is profitable. Shopify is not. I have no idea why people overindex on revenue instead of profit - especially for public companies.
when they run out of places to efficiently deploy capital then they become a standard tech bluechip
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+1 to the podcast. He seems to be a calm guy and it is good to hear about his thought process and the vision he has. Interestingly he loved playing video games and he owes playing video game to help him in critical thinking.
> he owes playing video game to help him in critical thinking. I often hear people attribute part of their success to things they already did, and I think it's usually just a combination of survivorship bias and other similar effects. I've heard people say similar things of nearly every substance or activity: "I am successful and doing X is part of the reason" where X can be anything from illegal substances to someth…
It's not worth listening to anyone's advice. Only experiment with your own life and find what works for you or die trying.
As someone who worked developing Shopify apps (NOT a Shopifyt employee to be clear), I can attest to the incredibly high percentage of shops that evaporate from the platform on a nonstop basis. Something like 80% of the people that would install our apps in their shops would be gone or in limbo after a couple months. (Not an app uninstall, their shops actually no longer existed.) The charts we see from Shopify like t…
A big factor in their churn rate is the fact that a significant chunk of their growth has come from make money online gurus. Search YouTube for “Shopify dropshipping” or similar and you’ll see what I mean. It became viral among the scam artists, who all came up with different systems to sell, with one thing in common among them: Step 1 is to go open a Shopify account. When the systems that most of these gurus sell fa…
Why is all the money at sellers like Amazon, and not where the real work is, i.e. shipping?