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Can You Still Make Money on Shopify?

Last updated on October 1, 2022 @ 3:01 pm

There’s no doubt that Shopify is one of the most popular ecommerce platforms out there. And for good reason – it’s easy to use, has tons of features and integrations, and is trusted by some of the world’s biggest brands.

But can you still make money on Shopify in 2020?

The short answer is yes, you can definitely still make money on Shopify in 2020. In fact, Shopify is growing more popular than ever, with over 1 million active stores and $41 billion worth of goods sold in the past year.

However, there’s a lot more to consider if you’re looking to start a Shopify store in 2020. The ecommerce landscape has changed drastically in recent years, and it’s important to be aware of the challenges you’ll face and the competition you’ll be up against.

Here are a few things to keep in mind if you’re thinking about starting a Shopify store in 2020:

PRO TIP: There are a lot of people out there claiming that Shopify is no longer a profitable platform for making money. While it’s true that the competition on Shopify is getting tougher, there are still plenty of opportunities to make money if you’re willing to put in the work. However, if you’re thinking of starting a Shopify business with the sole intention of making money, you’ll need to be prepared to face some stiff competition.

The ecommerce landscape is more competitive than ever

There are more options for ecommerce platforms and solutions than ever before. This means that if you’re looking to start a Shopify store in 2020, you’ll be up against some stiff competition.

Shopify is not the only option out there, and there are many other platforms that offer similar features and benefits. If you’re going to start a Shopify store, you need to be aware of the competition and make sure you offer something unique that sets your store apart from the rest.

You’ll need to invest in marketing

Organic traffic from Google is becoming increasingly difficult to come by, and if you’re not investing in paid advertising, it’s going to be very hard to get your store seen by potential customers.

In order to be successful with a Shopify store in 2020, you’ll need to invest time and money into marketing your store. This could include paid ads on Google or Facebook, influencer marketing, or even just creating great content for your blog or social media channels. Whatever marketing strategies you choose, make sure you’re prepared to invest time and money into making them work.

Dale Leydon

Dale Leydon

Sysadmin turned Javascript developer. Owner of 20+ apps graveyard, and a couple of successful ones.