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Shopify Editions — Part 6: How Shopify Helps You Scale and Build Your Store
Written by
Anton Boykov
October 9, 2023

Shopify Editions — Part 6: How Shopify Helps You Scale and Build Your Store

Scaling your business is essential for growth. At the Shopify Editions | Summer ‘22 showcase, Shopify has announced several enhancements to help store owners scale and build their businesses. Learn more from our latest article.

As a Shopify store owner, you know that scaling your business can be difficult. But with the right tools in place, it can be a lot easier.  Find out from our latest article what new tools and features Shopify have prepared and announced at Shopify Editions | Summer ‘22 to help you scale and build your business.

Scale and Build with Shopify

This is article 6 of 6 in our series of "How Shopify Helps You..." In case you missed part 5, where we talked about how Shopify helps you run your business, you can read it here.

Most business owners want their businesses to scale to create more jobs, bring in more revenue and help support a growing economy. However, scaling can be complex, especially for small businesses. That's where Shopify comes in – it provides business owners with the tools they need to scale and grow their businesses. Shopify Editions | Summer '22 brought forth even more scaling solutions from Shopify to help business owners take their businesses to new heights.

This article will look at how Shopify helps you scale your business. We'll discuss the features and tools that Shopify announced at their latest showcase. These include:

  • Built for Shopify
  • Shopify Functions
  • Data Protection
  • Shopify Balance
  • Shopify Capital
  • Planet — An App From Shopify

Our Shopify development experts believe that these tools will significantly impact how businesses operate and help owners scale their businesses more efficiently and effectively. If you have a Shopify store and want help with scaling, please contact us for a free consultation. Now, let's take a more in-depth look at each of these enhancements.

Built for Shopify

As a leading ecommerce platform, Shopify is always looking for ways to improve the user experience for its merchants. With that in mind, the company has launched a new program called Built for Shopify. The initiative aims to give Shopify developers all of the development tools, features, and documentation they need to make apps that appear and function like those on Shopify. In addition, incentives are being offered to encourage developers to create high-quality apps that meet the company's standards. With Built for Shopify, Shopify is making it easier to build great apps that improve the overall experience for its users.

As the number of apps in the Shopify App Store continues to grow, it can be difficult for merchants to find the right app for their needs. To help merchants discover the best apps for their businesses, Shopify will highlight the apps that meet their highest standards for quality and design. Apps that are Built for Shopify are eligible for promotion on the most popular surfaces, including the Featured Apps page and the App Store homepage. In addition, these apps are featured more prominently in search results, making it easier for merchants to find them when looking for a specific solution. By meeting the strict criteria, apps that are Built for Shopify can increase their visibility and reach a wider audience of potential users.

Shopify Functions

Shopify Functions is a versatile tool that allows Shopify developers to modify how discount, shipping, and payment settings function for their shops. By building apps that take advantage of Functions, developers can ensure their stores are always running smoothly, no matter how big a sale or event gets. Functions were designed to scale up for significant sales events, so they can execute in less than 5 milliseconds - ideal for businesses that need to move fast. Look out for more APIs coming soon from Shopify Functions - they're sure to make life easier for commerce developers everywhere.

Data Protection

In the age of digital information, data protection has become a hot-button issue. From social media profiles to financial information, businesses amass vast amounts of data on their customers. While this data can be used to improve the customer experience, it can also be abused. That's why it's essential to take steps to protect customers' personal data. 

Shopify is adding new controls to its platform to support compliance with privacy and data protection rules. These controls will allow you to specify which apps have access to customers' personal information and help to reduce the amount of data that apps can access. It will also increase transparency around how this data is used and improve security measures to protect this data from being accessed by unauthorised parties. In short, Shopify is giving its customers more control over personal data and making it easier for them to protect customers' privacy online.

Shopify Balance

Shopify Balance is a free money management account for your business that lets you manage your money in your store's admin, meaning you don't even need a business bank account. With no monthly fees, you get to keep every hard-earned dollar. And with awesome perks, such as 2% cashback on spending for growing your business with Shopify, 10% cashback for hiring Shopify experts, and numerous discounts and offers from world-renowned companies like Google and Pinterest, it's easy to see how Shopify Balance can help your business succeed.

Who doesn't love getting paid? With Shopify Balance, you can access the money you make through your Shopify store the next business day. Going through the bank means a typical 5-7 working days. Who wants to wait that long for their funds? With the added convenience of signing up online with no paperwork and FDIC insurance, you can be sure your money is in good hands.

Shopify Balance has something for you no matter what stage your business is in. From startup to high-growth, Shopify Balance will help take your business to the next level and make the most of your hard-earned cash.

Shopify Capital

Shopify Capital provides quick and easy funding for Shopify merchants. Shopify Capital's commitment to financing first-time borrowers allows merchants to develop faster. In addition, with an easy application process and no credit checks, Shopify Capital is an excellent option for businesses that need funding.

Also, waiting for weeks for the funds to arrive is no longer necessary. With Shopify Capital, you can get funded within days of signing the offer. Worried about repaying the loan and being saddled with a substantial monthly payment? Shopify allows repaying the loan as a percentage of your sales. At first glance, the repayment terms for this type of funding might seem a bit daunting. However, this type of arrangement has a lot of flexibility. For one thing, the amount you'll need to repay each month will fluctuate along with your sales. So, you won't be expected to make a large payment if you have a slow month.

When you take out a loan from Shopify Capital, you get the flexibility to use the funds for whatever needs you have. So whether it's payroll, inventory, or marketing, you can use the loan to help your business grow.

Planet — An App From Shopify

Planet is a new app from Shopify that makes it easy for businesses to offset the carbon emissions from their shipping operations. The app connects to the Shopify platform and automatically calculates the carbon footprint of each order based on the shipment weight and destination. Planet calculates the total shipping emissions produced by your orders and charges you based on the price of the Planet subscription plan you've selected every month.

As a business owner, connecting with your customers is essential. And what could be more personal than the environmental impact of their purchases? By using Planet's storefront icons and visuals, you can let your customers know that you care about the planet and that you're committed to doing your part to protect it. This will help build trust and loyalty among your customer base, ultimately leading to more sales. And, of course, you can play a significant role in reversing climate change. All the contributions are used to finance cutting-edge carbon removal initiatives that might help to reverse global warming.

Final Thoughts

The Shopify Editions | Summer '22 event was a great place to start if you're looking for ways to scale your business. But, with so many excellent tools and resources available, it can be challenging to know where to begin. That's where our team comes in. We at Fourmeta are Shopify experts. We have years of experience working with Shopify stores, and we know how to help you take advantage of the Shopify platform. Get in touch with us today and let us show you how we can help you grow your business using Shopify.

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