Shopify Consultant

How Profitable Is A Shopify Consultant? (Updated for 2024)

Pat Walls

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Updated: September 22nd, 2024

How Profitable Is A Shopify Consultant? (Updated for 2024)

So you want to start a shopify consultant?

And the first question that came to your mind was, “well, are shopify consultants actually profitable?”

With a market size of $4.25T - there’s plenty of business to go around.

Especially considering:

You could start a shopify consultant with as low as $2,000
Based on our data, shopify consultants generate an average of $880K per year

There’s money to be made. Don’t worry.

But, I don't want to spoil it all. Below we’ll cover everything you need to know when it comes to the profitability of a shopify consultant.

Let’s dive in!

Is a shopify consultant profitable?

Yes, a shopify consultant is generally a profitable business. However, you still need to consider several factors since these things always impact the overall outcome.

For instance, since average revenue is $880K per year with an estimated gross margin of 90%, you could expect to recover your investment within 8 months or even less.

But of course, it all comes down to how much you earn compared to the potential revenues of your shopify consultant.

To determine whether your business is profitable, you should earn more than your expenses in the beginning months. However, while you're in your first month, it can be challenging to know what to expect.

Therefore, you should maintain a record of your monthly expenses and income to determine whether you're meeting your goals. By doing this step, you can see how your shopify consultant is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a shopify consultant worth it?

If you’re wondering if a shopify consultant is worth it, the answer is a big YES. With shopify consultants, you have the potential to earn $880K per year (this is based on data reported by real founders).

Further, you could have your initial investment back within months. Simply put, it’s a business worth a shot, especially if you have the resources and make the necessary efforts to achieve or surpass the target.

With a market size of $4.25T, it will be possible for you to build something that grows and turns into a flourishing business. As such, it’s the type of business you might want to consider starting.

Of course, you must learn and understand every aspect of running a shopify consultant to ensure success. Still, as long as you have the initial investment and can endure a few months before your actual gains, this business could be worth it.

You might want to consider reading more specifics about successful shopify consultants case studies.

Examples Of Profitable Shopify Consultants

Here are a few examples of profitable shopify consultants, and a few more details about them:

1. Envision ($360K/year)

Leighton Taylor, founder of eCommerce marketing agency Envision, came up with the idea for his business while freelancing in web design and development. He noticed the explosive growth of Shopify as the eCommerce platform of choice and decided to specialize in Shopify-related services. Through clear communication, punctuality, and early success with content marketing, Envision has attracted and retained clients, earning approximately $30k/month in revenue.

Is it profitable? Yes
How much money it makes: $360K/year
How much did it cost to start: $0

How I Started A $30K/Month Conversion-Focused Shopify Development Agency

Founder Leighton Taylor shares how his eCommerce marketing agency for Shopify has grown to approximately $30k/month, working with about 350 eCommerce brands and an ideal client with annual revenue from $1-10 million, while focusing on clear communication, punctuality and content marketing through a podcast.

Read this case study

Read by 7,638 founders

2. Kreatix ($1.02M/year)

Oliver Op de Beeck and William Matthynssens started Kreatix, a digital/marketing agency, while in university to supplement their studies. They attracted their first client through a Facebook post and built a successful business through word-of-mouth marketing, showcasing their human side and commitment to understanding their clients. They have now built a solid foundation and attract daily leads through their inbound marketing strategy, with plans to become one of the top agencies in their province.

Is it profitable? Yes
How much money it makes: $1.02M/year
How much did it cost to start: $2K

Long-time friends Oliver and William started their own digital marketing agency while in college.

Two friends started a digital marketing agency, Kreatix, from their shared love of the internet, and built a thriving business with over 150 clients using inbound leads and storytelling on social media platforms despite having not studied in the field.

Read this case study

Read by 8,304 founders

3. Bonify ($504K/year)

Dan Pepin and John Carbone came up with the idea for Bonify while working as programmers at a digital agency and being frustrated with how things were being done. They left the company and started Bonify with a focus on building SAAS products. Their first app, Custom Fields, was launched in April 2016 and initially made little money, but they continued to improve it based on customer feedback and have since built a successful Shopify app business, with their apps bringing in $15,000 per month and a goal to double that revenue by the end of the year.

Is it profitable? Yes
How much money it makes: $504K/year

How We Are Building Profitable Shopify Apps From Our Consulting Experience

Bonify co-founders successfully transition from a small web development agency to a lifestyle SAAS company by building Shopify apps, reaching $15,000 monthly revenue and planning to double it by year end through improved marketing and new features.

Read this case study

Read by 7,832 founders

Learn more about starting a shopify consultant:

Where to start?

-> How much does it cost to start a shopify consultant?
-> Pros and cons of a shopify consultant

Need inspiration?

-> Other shopify consultant success stories

Other resources

How much can you make with a shopify consultant?

With a shopify consultant, you can make an average of $880K revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $2,000. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 8 months.

How much does a shopify consultant make a week?

Based on our data, average weekly revenue for a shopify consultant ranges around $21.8K. As such, you could see monthly revenues of $87K.

To know if your shopify consultant achieves the weekly profit target, you need to keep track of the total earnings you get per day. Afterward, you'll want to consider subtracting the expenses you have daily.

Learning your weekly profit can also show whether you're hitting your target goal for your shopify consultant.

How much do shopify consultants owners make?

The income of a shopify consultant owner can vary depending on various factors such as location, size, competition, and the owner's business skills.

But to give you some idea, the weekly revenue of an established shopify consultant is about $21.8K. But this can be lower or higher depending on so many factors - it's almost impossible to say exactly.

While the potential for earning a good income as a shopify consultant owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Shopify Consultant Profit Margins

Generally speaking, a shopify consultant can expect profit margin of around 90%. Profit margins refer to the percentage of revenue that remains after deducting all expenses associated with running a business. In the case of a shopify consultant, profit margins can vary depending on various factors, such as the type and quality of products sold, the size of the store, and the level of competition in the area.

However, these figures can vary depending on the pricing strategy, inventory management, and overall efficiency of the business. To maintain healthy profit margins, shopify consultant owners must focus on managing costs, negotiating favorable supplier terms, and providing high-quality products and services to attract and retain customers. By doing so, shopify consultant owners can ensure long-term sustainability and profitability for their business.

Shopify consultant owner salary

The salary of a shopify consultant owner is an unpredictable figure. It's significantly influenced by numerous factors, including the store's location, its size, and the degree of competition. An owner of a well-established shopify consultant, in a prime position, might see an average weekly salary around the ballpark of $19.6K.

But it's worth noting, such numbers aren't always consistent. The earnings can vary wildly, potentially swinging by as much as 80% either way.

Achieving consistent success and maintaining a reliable income stream in this industry requires a deep commitment. It's imperative to offer high-quality products, deliver impeccable customer service, and nurture a trusted bond with the community you serve.

Conclusion

In a nutshell, based on many of our examples, a shopify consultant may be a promising business to start - but the success of your shopify consultant mostly depends on your effort and your approach.

If you focus on these, you'll have a much higher chance of a profitable shopify consultant.