Strategies like premium pricing, value-based pricing, bundle pricing, dynamic pricing and psychological pricing can all be effective depending on your products, brand, and customers.
How do I choose the right Shopify plan?
The Basic Shopify plan works well for new eCommerce businesses on a budget. As your sales volume grows, upgrading to the Advanced or Plus plans gives you more advanced features and enterprise-level support.
Does Shopify have any hidden fees?
Beyond the monthly subscription fees, Shopify charges transaction fees of 2.4-2.9% plus 30 cents per order depending on your plan. There are sometimes additional credit card processing fees as well.
How can I lower costs for my Shopify store?
Using free themes and apps, negotiating supplier discounts, outsourcing tasks, and taking advantage of coupons and deals can all help reduce overhead costs for your Shopify store.
What features come with the Advanced Shopify plan?
The Advanced Plan adds features like advanced reporting, real-time shipping rates, international pricing rules, and higher sales volume capabilities compared to the Basic plan.
Is Shopify Plus worth the higher cost?
For high volume merchants doing over $1 million in annual sales, Shopify Plus can be worth it. The enterprise-grade support, custom integrations and unlimited API calls provide more advanced capabilities.
What should I consider when setting prices?
Consider your profit margins, competitor pricing, customer demand and perceived value when setting prices. Test different pricing strategies to determine what works best.
