What will happen if Shopify does not renew? How much money is needed to run Shopify?

Shopify's subscription model allows merchants to choose the right package according to their needs and pay monthly or annually. However, if merchants choose not to renew Shopify, they will face a series of consequences. So what are the consequences of Shopify not renewing?

1. What happens if Shopify does not renew?

When merchants choose not to renew their Shopify services, they will face the following consequences:

1. Store closure: After the Shopify subscription expires, if the merchant does not renew, its online store will be closed. This means that customers will not be able to access the merchant's website and the merchant will not be able to sell online.

2. Data loss: Shopify usually retains the merchant's data for a period of time after the subscription expires, but if the merchant does not renew, the data may be permanently deleted. This includes important information such as product information, customer data, transaction records, etc.

3. Domain name expiration: If merchants purchase and manage domain names through Shopify, failure to renew may cause the domain name to expire. Once the domain name expires, the merchant will lose control of the custom domain name.

4. Interruption of marketing activities: The marketing tools and services provided by Shopify will also be unavailable due to non-renewal, which may affect merchants’ marketing activities and brand promotion.

2. How much money is needed to do Shopify

The amount of money you need to start a Shopify business depends on a variety of factors, including the type of plan you choose, your need for additional features, your marketing budget, etc. Here are some possible expenses:

1. Subscription fee: Shopify offers different packages, ranging from $29 per month for the basic version to $299 per month for the advanced version. Merchants need to choose the appropriate package based on their sales expectations and functional requirements.

2. Transaction fees: In addition to subscription fees, Shopify also charges a certain percentage of transaction fees based on sales. These fees are usually charged when merchants conduct transactions through Shopify Payments.

3. Application and plug-in fees: Shopify's application market provides a large number of applications and plug-ins to enhance the functionality of the store. These applications and plug-ins may be free or may require additional payment.

4. Domain name and SSL certificate: If the merchant needs a custom domain name and SSL certificate, additional fees may be required. Shopify usually provides free domain names and SSL certificates for a certain period of time, but renewal may be required afterwards.

5. Marketing and Advertising: In order to attract customers and increase sales, businesses may need to invest in marketing and advertising. This includes social media advertising, search engine optimization, email marketing, etc.

Failure to renew Shopify subscriptions will result in a series of adverse consequences, including closure of the merchant's online store and data loss. Merchants should plan Shopify's renewal plan reasonably based on their business needs and budget.