Understanding Shopify Plus Upgrades

When brands on Shopify move to Shopify Plus, it typically indicates growth. Here's why:

Price Point:?

Shopify Plus can be costly. If a retailer's online sales are under $800,000 USD, they pay ~ $2,300 every month. But if they earn more than that, they'll pay 0.25% of their total online sales.

Also, there's usually a year-long commitment.

Reasons for upgrading:?A major benefit for merchants is the reduced credit card transaction fees with Shopify Payments. Wanting fewer transaction fees often means the brand is thriving.

Features:?Upgrading to Plus provides businesses with advanced tools that are tailored towards a growing brand.

A standout feature is "expansion stores." It lets brands clone their store for varied markets – think gymshark.[com], ca.gymshark[com], uk.gymshark[com]. These are all managed from one dashboard.

Also, merchants can refine the checkout process, enabling intricate price discounts, upsells, and other ways to enhance conversion rates and AOV - and this may be where your product or service comes into play.

On average, businesses make the jump to Shopify Plus around the $1-2 million annual revenue mark.

If you need help upgrading your store to Shopify Plus, our team is ready to help.