Shopify Fees 2020 | How Much Does it Cost to Sell on Shopify?

is it actually cheaper to sell on Shopify than Etsy let's find out hey guys welcome back to confessions of a girlboss my name is Kristy and I help women turn their passion into their business today we are gonna find out if it's actually cheaper to sell on Shopify versus Etsy I have a few videos talking about Etsy fees how it's broken down my biggest Etsy bill ever so I will leave them linked up in the right-hand corner I believe it's up here yeah I believe it's up here for you to check out in case you have missed them but today we're going to go through Shopify fees and kind of break down the different pricing structures that they offer and we're really gonna find out if it is cheaper to sell on Shopify vs. Etsy if you haven't already and you do like these types of videos and be sure to hit that red button down below and subscribe to my channel I post new videos every Monday Wednesday and Friday all about turning your passion into your business if you are still on the fence about opening a Shopify store be sure to sign up for my free five-day crash course in migrating from Etsy to Shopify it'll walk you through absolutely everything you need to know to get your Shopify website up and running all of my hints and tricks that I used when I opened my Shopify store and it's really chock-full of so much information that it's totally free so click that link in the description box down below to get access to that crash course so Shopify's fee structure is very different to Etsy's first of all there are no listing fees and I was so happy when I figured this out because I was paying so much to Etsy in listing fees every month and it was just a huge chunk that was taken off of my bill in my finances it was awesome but basically what Shopify does is they charge different transaction fee rates based on what plan you have so I'm gonna come over to my computer now and walk through the different plans that Shopify offers kind of the different perks of having each plan and then we're gonna come on back and talk about an example of how much money I've saved if I was using Shopify 100% the biggest year of my business okay so we are currently on the Shopify pricing page so as of right now they are actually extending their free trial to 90 days so if you are on the fence now is the perfect time to try Shopify out 90 days it's like amazing so basically Shopify has three fee structures and these are all monthly prices so you have basic which is 29 regular 79 and advanced $2.99 so for this first section you basically get all of these same features with each tier there's just a few discrepancies like in the staff accounts you get some more with the more expensive plan and with the locations for the Shopify point-of-sale you also get more locations with the more expensive plan but each each plan features an online store unlimited products and no listing B's staff accounts 24/7 support a sales channel locations manual order creation discount codes free SSL certificate abandoned cart recovery and gift cards so abandoned cart recovery is one of my favorite features and I don't believe this was available in the basic plan when I had my store but basically what you can do is if somebody adds stuff to their cart and they go to check out but they abandon the checkout process you can send them an email a certain amount of time later saying oh hey did you forget this was here and hopefully bring some more people back to your store to finish that purchase so the biggest difference in this section is the reports so you do get some more detailed reporting with the to more advanced plans and you get the advanced report builder with the most expensive $2.99 plan and then the $2.99 plan is the only plan that has the third party calculated shipping rates okay so as for shipping again basically all the same you do get a bit of a bigger discount when you go up to that 299 plan I didn't really use Shopify for shipping I talked about this on Monday's video but I used a different app to do all of my shipping on so stay tuned for Monday's video to take a look at that but the app that I also use to give you a discount on shipping too and then the two advanced plans are the only ones that have the Priority Mail Kubik pricing okay so payment and fee structure is probably the biggest thing you're here for so basically all plans will get the fraud analysis which is awesome Shopify will basically tell you if you should be on the alert for a fraudulent order or if it is safe to ship it so basically a Shopify has a Shopify payments platform so it's a built in platform within Shopify it's very similar to Etsy payments it's kind of how they capture orders and how they process orders so if you sign up for that which I do suggest you do sign up for it if it is available in your country because it is really easy to use and it is a lot cheaper to use that with Shopify so if you sign up for that you don't have any additional processing fees for your orders which is huge you literally only have the credit card rates that you see here so the online credit card rates are again pretty comparable 2.9 percent plus 30 cents and then that goes down to 2.4 percent plus 30 cents I believe the 2.9 percent plus 30 cents is also what you would pay on PayPal it is really comparable to all e-commerce platforms and then you do have the in-person credit card rates that go from 2.7 percent down to 2.4 percent and then this is the fee that you will pay if you decide not to use Shopify payments so this is the fee you will pay plus the additional fees from that third-party vendor if you decide to not use Shopify payments and then last but not least is the point-of-sale so all plans are compatible with the point-of-sale and they are all 89 dollars a month if you want to do the point-of-sale Pro or you can try it out until the end of October 2020 so that is everything they also have a Shopify Lite plan for nine dollars which means you could just sell on Facebook so if you're into that maybe give that a try and then they also have Shopify plus but that is basically everything if you are on the fence like I said I would definitely take advantage of this because that is huge ok so hopefully that breakdown made sense to you I will leave a link in the description box down below to that page I just showed you in case you want to dive into it a little bit deeper but I feel like it is pretty straightforward so now let's go back and do a comparison so if you watched my biggest Etsy bill ever video which I will leave a link up here or up here I honestly I have no idea I have no idea which site I should really get that down but if you watch that video you will know that when I made 108 thousand dollars I paid Etsy eleven thousand one hundred twenty dollars in fees which is nuts so for fun I had to go back and I have to see how much money I would have saved if I had that same here with my Shopify site one hundred percent so since a Shopify doesn't charge card processing fees and they also don't charge listing fees that is a huge chunk that is taken off of my bill already because those were three thousand one hundred ninety-eight dollars and four thousand four hundred dollars respectively so that's a lot so I went through on I just did the calculations manually so for that year I had a four thousand two hundred and twenty seven orders so for those orders I did the thirty cents which is part of the transaction fees for Shopify and I did calculate this on the basic plan and I am looking down because I have my computer here with the numbers I calculated this on the basic plan so the two point nine percent so just wait so for the transaction fees I would have paid a four thousand four hundred and seventeen dollars in transaction fees for my one hundred and eight thousand dollar-a-year now I didn't want to just forget about the monthly fee so I did just do the twenty nine dollars a month this is give or take because as you will see in Monday's video there are apps you can use for Shopify and they do add up so it's very possible that I could have paid more but in my eyes I'm just using the basic plan and not using any additional features or apps or anything like that because you don't get those apps with Etsy anyway so for the monthly fees the twenty nine dollars three hundred and forty eight dollars for the year so the total fees for Shopify are you ready where four thousand seven hundred and sixty-five dollars compared to on Etsy eleven thousand one hundred and twenty dollars that is a savings of over seven thousand almost seven thousand dollars which is nuts over seven thousand wait I can't do math hold on six thousand three hundred and fifty five dollars in savings that is in sanity so I want to preface this by saying as I said in that video during that year I was doing 99 percent of my like advertising and my like bringing people into my shop I wasn't using at the SEO because I didn't have it set up I didn't understand it so I was doing all of this work to bring everybody to my shop and I was paying Etsy like they were doing the work so I had just been navigating people towards my website I could have saved so much money so I wanted to kind of point this out to you guys in black and white especially if you are like me and you haven't set up your Etsy SEO correctly or you're not offering free shipping so you're not getting those added perks of being the top placement which is ridiculous but yeah so I would have saved six thousand three hundred dollars so I just wanted to point this out hopefully that Shopify fee breakdown made sense to you if you have any more questions leave it in a comment down below and I will be sure to answer them for you but yeah yikes okay I'm gonna leave this video here for today if you haven't already be sure to subscribe to my channel you can either click the red button down below or my face right here and if you want to keep on learning be sure to hit any of those two videos over there as well so I will see you in my next video have a good day stay safe and thank you for watching bye

Channel: ChrissyLilly

Views: 30,376

Keywords: Shopify Fees, Shopify vs Etsy, How much is Shopify, Shopify for Beginners, Start a Shopify Store, shopify success story, etsy or shopify, etsy fees, should I sell on etsy, switch to shopify, best ecommerce platform, shopify review, confessions of a girlboss

Id: RHoGSRfa_Tg

Length: 10min 48sec (648 seconds)

Published: Fri May 08 2020