The process of exploring new markets has never been simpler. Shopify Markets Pro offers a convenient and cost-effective solution to identifying profitable markets without sacrificing time or incurring substantial investments.
Over the past several years, Shopify has dedicated resources to the development of its Shopify Markets solution. Although it has evolved into a valuable solution, there are still areas for improvement in terms of local customization and personalization. For instance, one cannot locally tailor their storefront with distinct assets for different country versions. Additionally, the SEO capabilities of the Shopify Markets platform could still be enhanced. This is a significant reason why many businesses opt for an expansion store right away when entering new markets.
Using Shopify Markets Pro for Market Research Is Key for Picking a Lucrative Market
Shopify Markets Pro should be considered when expanding into new markets and if you are unsure of which market will yield the most profitability for your business. With Shopify Markets Pro, one can easily create one or multiple language versions of their existing e-commerce store. This allows for localized testing of various markets where marketing can easily be adapted and localized ensuring significant test results. This is a good method to obtain data and insights on the most profitable markets and products before doing a dedicated launch in a new market.
One of the common mistakes for businesses are to make decisions on entering new markets based on assumptions rather than data. For example, many businesses might choose Sweden as their next market due to its proximity to Denmark, assuming the two markets are similar. However, more and more cases are demonstrating that insufficient research can result in unprofitable and challenging market entry.
Therefore, our advice is to use data to inform your decision-making and aim for the market offering the greatest potential for high profits and low investment.
Unlock the Secret to Effortless Testing with Shopify Markets Pro
Shopify Markets Pro is an innovative solution designed to make cross-border commerce easier for Shopify merchants. It is a native merchant-of-record solution powered by Shopify’s partnership with Global-e, which enables merchants to expand their businesses to 150+ countries easier than ever. Shopify Markets Pro simplifies the complexity of entering new markets by handling:
- Tax and duty compliance
- Providing affordable express shipping
- Creating a seamless consumer experience by optimizing local currency, payment methods, shipping, and taxes and duties.
- Markets Pro and Shopify Translate & Adapt makes cross-border commerce even easier for Shopify merchants who want to accelerate their global expansion without adding complexity to language barriers.
Shopify Markets Pro offers a comprehensive solution with great data collection and analysis. It provides merchants with a solution that handles all the complexities of expanding to new markets, freeing them up to focus on growing their business.
Interested to learn more about Shopify Markets Pro? Feel free to contact us with any questions related to this topic.
Conclusion: Why Shopify Markets Pro is a Must-Have for Market Research
In conclusion, Shopify Markets Pro is a valuable asset for businesses seeking to extend their reach into new markets. By collecting data, it provides companies with a comprehensive view of the most profitable markets, enabling them to make informed decisions before making significant investments. It is our recommendation that businesses consider dedicated stores for highly profitable markets, while utilizing Shopify Pro as a valuable market research tool.