Shopify Set Up Expert

How Profitable Is A Shopify Set Up Expert? (Updated for 2024)

Pat Walls

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Updated: October 6th, 2024

How Profitable Is A Shopify Set Up Expert? (Updated for 2024)

So you want to start a shopify set up expert?

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

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

Especially considering:

You could start a shopify set up expert with as low as $100
Based on our data, shopify set up experts generate an average of $881K per year
You could see gross margins as high as 60% with shopify set up experts

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 set up expert.

Let’s dive in!

Is a shopify set up expert profitable?

Yes, a shopify set up expert 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 $881K per year with an estimated gross margin of 90%, you could expect to recover your investment within 7 months or even less.

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

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 set up expert is doing and if any changes or adjustments need to be made to enhance or maintain your efforts.

Is a shopify set up expert worth it?

If you’re wondering if a shopify set up expert is worth it, the answer is a big YES. With shopify set up experts, you have the potential to earn $881K 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 set up expert 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 set up experts case studies.

Examples Of Profitable Shopify Set Up Experts

Here are a few examples of profitable shopify set up experts, 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 7,682 founders

2. PageTraffic ($1.2M/year)

Navneet Kaushal, the founder & CEO of PageTraffic, came up with the idea for his SEO agency after experiencing the impact of the internet during his MBA studies. He tested SEO strategies on his own website and saw it rank in the top ten within months. With a passion for digital marketing and a desire to help businesses succeed, Navneet launched PageTraffic in 2002 and has since grown it into a successful agency with a strong online presence and a global client base.

Is it profitable? Yes
How much money it makes: $1.2M/year
How much did it cost to start: $10K

I Created A $1.2M/Year SEO Agency From India

Navneet Kaushal, founder & CEO of PageTraffic, shares how he started an SEO agency in India in 2002, which now generates over $1.2 million in annual revenue and attracts clients globally.

Read this case study

Read by 5,027 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 7,872 founders

Learn more about starting a shopify set up expert:

Where to start?

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

Need inspiration?

-> Other shopify set up expert success stories

Other resources

-> Shopify set up expert tips

How much can you make with a shopify set up expert?

With a shopify set up expert, you can make an average of $881K revenue per year (based on data reported by real businesses).

You can start with an initial investment as low as $100. Then, with proper knowledge and sustained effort, you could have an ROI (return of investment) within 7 months.

How much does a shopify set up expert make a week?

Based on our data, average weekly revenue for a shopify set up expert ranges around $18.4K. As such, you could see monthly revenues of $73.4K.

To know if your shopify set up expert 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 set up expert.

How much do shopify set up experts owners make?

The income of a shopify set up expert 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 set up expert is about $18.4K. 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 set up expert owner exists, success in this field requires a commitment to providing quality products and services and building a strong reputation within the community.

Shopify Set Up Expert Profit Margins

Generally speaking, a shopify set up expert 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 set up expert, 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 set up expert 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 set up expert owners can ensure long-term sustainability and profitability for their business.

Shopify set up expert owner salary

The salary of a shopify set up expert 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 set up expert, in a prime position, might see an average weekly salary around the ballpark of $16.5K.

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 set up expert may be a promising business to start - but the success of your shopify set up expert mostly depends on your effort and your approach.

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

Part of

Becoming A Shopify Set Up Expert: Everything You Need To Know

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