Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. It is also the name of its proprietary e-commerce platform for online stores and retail point-of-sale systems. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Lütke used the web platform Ruby on Rails to build Snowdevil’s online store, and then launched Shopify in 2006 to offer the same technology to other merchants. Shopify launched its public offering in May 2015 on the New York Stock Exchange and became a Unicorn startup in August 2015 with a valuation of over $1 billion USD.
Shopify has been growing rapidly since its inception in 2004. In 2013, it was reported that Shopify had around 60,000 active stores on their platform, which generated $1.6 billion USD in sales that year.
By 2015, this number had grown to 175,000 active stores, which generated $3.8 billion USD in sales. And as of 2016, Shopify is now home to over 377,500 active stores, which are on track to generate $9 billion USD in sales this year!
So how did Shopify get so big? There are a few key reasons:
First, Shopify has always been focused on providing merchants with the best possible experience when using their platform. This has led to them consistently releasing new features and improvements that make it easier for merchants to run their businesses online.
Second, Shopify has always been very proactive in marketing their platform to potential customers. They’ve done a great job of creating buzz around their brand and making sure that people are aware of what they offer.
Third, Shopify has always had a strong focus on customer support. They offer 24/7 support to all of their customers, which has helped them build a reputation as a company that is always there to help its users.
Fourth, Shopify has built up a large network of partners who are able to help promote and sell their products. This includes developers who build apps for the Shopify platform, designers who create themes for shops, and agencies who help manage merchant’s accounts.
All of these factors have contributed to Shopify’s impressive growth over the years and have helped them become one of the most popular e-commerce platforms available today.
Shopify is a Canadian e-commerce company headquartered in Ottawa, Ontario. Shopify offers online retailers a suite of services “including payments, marketing, shipping and customer engagement tools to simplify the process of running an online store for small merchants.
Shopify was founded in 2004 by Tobias Lütke, Daniel Weinand, and Scott Lake after attempting to open Snowdevil, an online store for snowboarding equipment. Lütke used the web platform Ruby on Rails to build Snowdevil’s online store.
