Shopify Earnings | Global Workforce | Site Speed

Also... Entrepreneur sells biz; Great Idea; Podcast; Webinar U= an> [Read the Practical Ecommerce history](3D"5EcnM%5Ek6bcE=)= [V= iew in browser](3D"=)  = 3D"5EcnM%5Ek6bcEaMDLjRnRD%7C= = > July 8, 2024= able> Today's = sponsor: [3D"Walmart](3D"https:=)= e>  = = tbody> [Payment Pro= cessing Fuels Shopify Earnings](3D"https:/=) [In a sense, Shopify=E2=80=99s financial overview i= s similar to Amazon=E2=80=99s. Both derive the most profit not from their c= ore products but from complementary services.](3D"5EcnM%5Ek6bcEaNmLjRnRD%7C=) = > 3D"5EcnM%5Ek6bcEaNnajRnRD%7C= = = > [Amazo= n=E2=80=99s cloud computing division, an outgrowth of its marketplace infra= structure, accounts for over 60% of gross profit.](3D"=) [Similarly, fees to access Shopify=E2=80=99s core SaaS platform =E2=80= =94 called =E2=80=9CSubscription solutions=E2=80=9D =E2=80=94 accounted for= less than half of gross profit in Q1 2024.](3D"https://=) [Shopify=E2=80=99s =E2=80=9CMerchant solutions=E2=80=9D =E2=80=94 a= lmost entirely Shopify Payments, its credit card processing service =E2=80= =94 produced roughly 70% of revenue in Q1 and 56% of gross profit.](3D"https=) [Total revenue for Q1 =E2=80=94 Subscription solutions plus Merchan= t solutions =E2=80=94 grew by roughly 23% from the prior year, from $1.5 bi= llion to $1.9. In comparison, Amazon=E2=80=99s Q1 2024 revenue was $143.3 b= illion, with $80.4 million for BigCommerce.](3D"https=) [Shopify was an obvious pandemic winner, with its s= hare price hitting an all-time high of $169.21 in November 2021. The stock = (NYSE: SHOP) is down by roughly 60% =E2=80=94 to $66.73 on July 4, 20= 24 =E2=80=94 amid accelerating revenue but lagging net income.](3D"5EcnM%5Ek6bcEaNoqjRnRD%7C=) [Read article >](3D"ht=) = ble>   A Message from Walmart Marketplace = v> [Reach Millions of Everyday Shoppers](3D")= an> [3D"Walmart](3D")= [Growing ecommerce brands know the importance of having their produc= ts in many places. Walmart Marketplace=E2=80=99s ecosystem does that and mu= ch more with innovative omnichannel programs to scale a business. Join toda= y and save up to 50% on referral and fulfillment fees. Conditions apply. Learn More >= >](3D"5EcnM%5Ek6bcEaNsajRnRk")= = n> = dy> =   [Charts: Glo= bal Workforce Outlook Q2 2024](3D"https:/=) = table> [Per a recent PwC survey, the global workforce is e= xperiencing much upheaval from technology and other forces. Read article= >](3D"5EcnM%5Ek6bcEaMFajRnRD%7C=)   [Beware of= Instant Site-speed Fixes](3D"https:/=) = e> [A Shopify store owner paid a firm to redesign his site. The result = was slow page loads and the owner's journey to improve them. Read articl= e >](3D"https://=) = div> = 202; [Practical Ecommerce: Articles by Year= pan>](3D") [Our new archive presentation is a quick chronological rundown of ever= y article and author from our founding in 2005 and selections from Web Mark= eting Today's founding in 1995. See archive >](3D"https://=)  = d> From the Archive: Au= gust 2011 [Entrepreneu= r Describes Selling an Ecommerce Business](3D"https:/=) = [Many merchants dream of building a successful ecom= merce business and then selling it. Shirley Tan, the founder of AmericanBri= dal.com, did just that. Read article >](3D"5EcnM%5Ek6bcEaNr6jRnRD%7C=) = >=  = v> =F0=9F=94=A5 Today's Great Ecommerce Idea= pan> Use Static Images Over Videos= "For faster page loads and better conversions, use optimized static images = instead of videos or carousels." - Lukas Tanasiuk, Founder, The Nice Ag= ency  = v> [=F0=9F=8E= =99=EF=B8=8F Ecomme= rce Conversations Podcast](3D"https:/=) = > [Successful Entrepreneurs Don=E2=80=99t Overthink](3D"https://p=) = [Stay-at-home Mo= ms Drive Totally Dazzled](3D"https://p=) Subscribe= pan> to the podcast.   =F0=9F=8E=AF Indus= try IQ Resources from our advertisers.= > [Digital Acc= essibility with the UserWay Widget](3D"https:/=) = tr> [3D"Facebook"](3D"=) [3D"Twitter"](3D"5EcnM%5Ek6bcEaNfLjRnRk") [3D"LinkedIn"](3D"=)= >= y> You are receiving = this email because you opted on our website to receive the Practical Ecomme= rce newsletter. You can [unsubscr= ibe](3D"5=) or [update your email address](3D"5EcnM%=)= u> at anytime. Was this e= mail forwarded to you? [Subscribe here](3D"5E=).&= nbsp; To ensure this new= sletter reaches your inbox, please add newsletter@mail.practicalecommerce.c= om to your contacts. Gmail users just drag this email to the "Primary" tab.= = --= pan> Practical Ecommerc= e 125 S.= Park Street, Suite 430 Traverse City, MI 49684 = able>=