Alexandra Clark’s Post

Shopify impressively managed a staggering 145 billion server requests last Friday, showcasing their robust infrastructure 🌐. Handling a peak of approximately 60 million requests per minute translates to a remarkable 1 million requests per second! This reflects a substantial 38% year-over-year increase. The total Gross Merchandise Volume (GMV) reached an impressive $4.1 billion, with New York peaking at an astounding $146,000 per minute. The platform averaged 24,000 orders per minute, marking a significant 22% uptick from the previous year. The scale of success is highlighted by the fact that Shopify's entire GMV for the year preceding its initial public offering in 2014 was $100 million less than the volume achieved in a single day recently 📈. Source: Tobias Lütke #ShopifySuccess #EcommerceGrowth #ServerRequestRecord #GMVmilestone

Shopify Plus's Strategy: Beyond the Price Hike On February 8, 2024, Shopify Plus announced its first price increase since launching in 2014, marking a 25% rise. This move highlights the platform's growth and its approach to adding value for users. What sets Shopify Plus apart isn't just its augmented capabilities but its approach to change. Recognizing the potential pushback on price hikes, they've countered it brilliantly by locking current prices for loyal customers for an additional three years. No business relishes raising prices, nor do customers welcome paying more. Yet, in a world where every company faces this inevitability, execution makes all the difference. Shopify Plus has turned a necessary evil into a testament to its commitment to customer value. #ShopifyPlus #eCommerce #Shopify

📈 Between 2012 and 2016, Shopify witnessed a remarkable surge in merchants, soaring from 42,000 to 377,500 worldwide. Currently, over 63,00,000 merchants are utilizing Shopify Plus. 🚀 What's driving this exponential growth? 💻🔍 Undoubtedly, it's the outstanding features! Let's dive in and explore them. #ShopifyExponentialGrowth #ShopifyFeatures #ShopifyPlusSuccess #ExploreShopifyAdvantages

🔥 Discover What's New in Shopify Summer '23 Edition! Yesterday, Shopify released over 100 new updates, features, and products, adding even more value to the platform. Our very own CTO, Philip, has gone through it all and handpicked the most remarkable solutions so you don't have to. In our latest article, he shares his personal impressions of the new additions, giving you a firsthand perspective on their potential and significance. Check it out👇

Harley Finkelstein on Shopify's Success The first crucial principle? Unwavering focus. Shopify strategically targeted SMBs in English-speaking countries, resisting the temptation to be everything to everyone. The second key principle revolves around simplicity. Shopify's product, used by mom-and-pop shops and industry giants alike, unfolds its complexity over time. Financial finesse takes the spotlight as the third principle. Shopify meticulously tracked the cost-to-customer-acquisition (CAC) to lifetime value (LTV) ratio. Shopify envisioned itself as a centennial business, resisting the urge to sacrifice long-term goals for short-term gains. This steadfast approach distinguished them from competitors, positioning Shopify for sustained success in the ever-evolving business landscape.

I know this is a bit mundane, but I think it's worth highlighting. Shopify now lets merchants automatically capture payment when each part of an order is fulfilled. This enables brands to improve financial reporting by recording revenue as it’s earned. It’s also better for customers, as merchants collect payment only when items are fulfilled - not all at once at checkout. While this feature on its own might not be life-changing, I guess my point is that Shopify is rolling out incremental quality-of-life enhancements like this all the time, constantly making the platform better for merchants and their customers. These small and often unnoticed iterative improvements often add up to a whole lot more than a single 'wow' announcement. #shopifyupdates #shopifydeveloper

Shopify = GOATED

It's here. Shopify Markets Pro is generally available to merchants in the United States. In my 7 years at Shopify this is one of the most exciting releases I've had the privilege of being a part of. Instead of a lengthy post, I wanted to share a video about what I've learned from hundreds of conversations with our merchants over the past few months. And, give you some insight into the difference between Shopify Markets and Markets Pro. Let's go! https://lnkd.in/gAGDtDwQ

Shopify was down for 20 minutes. For 99.99% of people it didn’t matter and doesn’t matter. I don’t think it’s worth talking about anymore. Here’s my take: 1. Outages happen all of the time. You would have outages on your own platform. Even Amazon has outages. One last December is a similar one to this one. 2. If you’re under $1M you probably didn’t miss a sale. So I don’t think it’s worth worry about too much. 3. If your doing $10M the loss in business is about $380, for most I would imagine your upcoming holiday party is going to cost more than that. 4. For Enterprise companies, I get the thought a bit more. The ones that are already on Shopify I think hug it out like Harley Finkelstein and Sean Frank did on twitter. For those that are not on Shopify, I would say, don’t pay too much attention to the little amount of downtime. Pay more attention to the growth you can have through having the best checkout on the internet. 36% better on $100M is $36M (although looking at that number now, that sounds a little fishy 😂) All of that said, I get it. This was near Black Friday so people are worried but I think Shopify is on top of it and this will not happen again. Also, think of it this way: 1. Your competitors were probably also down so you didn’t lose business to them. 2. Like Bahadir E. wrote in a recent post, don’t let a crisis go unused. Send an email to your list and let them know your back up and ready to take orders 😁 #shopify #ecommerce #shopifyoutage #dtc