Popular e-commerce platform Shopify enables companies to build and operate their online stores. It has a number of features that make it simple for business owners to launch and expand their online ventures. Nevertheless, despite its prominence, Shopify faces a number of rivals in the e-commerce industry. We will examine Shopify’s main rival in-depth in this post, along with other pertinent issues.
Shopify’s main rival is WooCommerce, an open-source e-commerce plugin for WordPress. It is a free plugin that helps companies to set up and control their WordPress online stores. WooCommerce is the most widely used e-commerce platform in the world with over 5 million active installs. A number of features are available, such as configurable themes, safe payment methods, and shipping choices.
WooCommerce’s adaptability and customization possibilities are responsible for its popularity. It enables companies to design distinctive web storefronts that are suited to their particular requirements. WooCommerce is also free to use, which making it a desirable choice for startups and small enterprises.
The cloud-based e-commerce platform BigCommerce has capabilities that are comparable to those of Shopify. It gives companies the ability to build and manage their online stores, complete with customisable themes, safe payment methods, and delivery choices. A variety of third-party app integrations, including those with Facebook and Google Analytics, are also available through BigCommerce.
BigCommerce has recently displayed encouraging growth in terms of investment. The business recorded $150 million in revenue in 2020, a 30% increase from the previous year. Additionally, with a concentration on the European and Asian-Pacific sectors, BigCommerce has been extending its global reach.
Alibaba Group owns AliExpress, a website marketplace that enables companies to buy goods from Chinese producers and distributors. It is a well-liked choice for dropshippers who want to buy inexpensive goods from China and resell them for more money.
For dropshippers, AliExpress has a few shortcomings, nevertheless. First of all, delivery periods can be lengthy, with some goods taking up to several weeks to reach their destination. The second issue is that product quality might vary, with some being of low quality. Finally, since many of the items on AliExpress are imitations of well-known brands, there is a possibility of intellectual property violation.
Owner and CEO of Shopify is Tobi Lütke. In 2006, he co-founded the business, and since then, he has helped it develop into a multibillion dollar e-commerce platform. Lütke has played a significant role in shaping Shopify’s vision and is well-known for his contributions to the tech sector. He received Canada’s CEO of the Year honors from The Globe and Mail in 2020.
Since Shopify is a publicly traded corporation, its shareholders are its owners. Tobi Lütke, who holds about 8% of the stock in the company, is the largest shareholder. Institutional owners like Blackrock and Fidelity are among the company’s other significant shareholders.
Finally, WooCommerce, an open-source WordPress e-commerce plugin, is the main rival of Shopify. WooCommerce poses the biggest threat to Shopify’s market dominance, despite the fact that BigCommerce is also a potent rival. While AliExpress can be an excellent alternative for dropshippers, there are a number of disadvantages that firms should take into account before sourcing products from the website. Last but not least, Tobi Lütke is the largest stakeholder and Shopify is owned by its stockholders.
As an AI language model, I am unable to confirm the reliability of a certain business or website. Although it competes with Shopify and other e-commerce platforms in the market, BigCommerce is a well-known and well-established platform. It is a reliable company with a sizable customer base and favorable evaluations. Before working with any company, it is usually a good idea to perform your own research and read reviews.
The BigCommerce platform’s GMV (Gross Merchandise Value) measures the entire cost of all goods sold over a given time period, usually a year. It is a crucial parameter used to assess the platform’s size and effectiveness in supporting e-commerce transactions.