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How Much Does the Average Seller Make on Shopify?

Last updated on October 1, 2022 @ 10:25 pm

How Much Does the Average Shopify Seller Make?

Shopify is a platform that enables entrepreneurs to start their own online stores. It is simple to set up and use, and it has a wide range of features to help businesses grow. Because of this, it is one of the most popular eCommerce platforms on the market.

So, how much does the average Shopify seller make?

Unfortunately, there is no simple answer to this question. It depends on a number of factors, including the type of products sold, the price point of those products, the seller’s marketing and advertising efforts, and more.

PRO TIP: The average Shopify seller only makes about $40,000 per year. This is not a lot of money, and you should be careful about spending too much money on Shopify. You could end up in debt if you’re not careful.

That being said, we can look at some data to get a general idea. According to Shopify’s own data, the average gross merchandise volume (GMV) for all stores on the platform was $46,290 in 2018. This means that, on average, each store generated $46,290 in sales.

Of course, not all of this revenue will go directly to the seller. Shopify takes a cut of each sale (2%), and then there are other costs associated with running an online store, such as advertising, shipping, and payment processing fees. When all of these costs are taken into account, the average net profit for Shopify stores is around 20%.

This means that the average Shopify seller makes around $9,258 per year. Of course, there are some sellers who make significantly more than this and some who make less. It all depends on the individual business.

Conclusion: The average Shopify seller makes around $9258 per year. However, there are many factors which affect this amount such as type of product sold and price point of product.

Madison Geldart

Madison Geldart

Cloud infrastructure engineer and tech mess solver.