Shopify Pricing in Nigeria: All You Need To Know

Are you thinking about starting your own online store in Nigeria? You might have heard about Shopify, a platform that helps people like you build and run their e-commerce businesses smoothly. But what exactly is Shopify, and how can it help you kickstart your online venture in Nigeria?

Shopify is like a tool that lets you create your own online store without needing any fancy technical skills. It’s kind of like having your own virtual shop on the internet, where you can sell all sorts of things, from clothes to gadgets, and even handmade crafts.

One of the best things about Shopify is that it takes care of a lot of the tricky stuff for you. You don’t have to worry about setting up a website from scratch or figuring out how to accept payments online. Shopify handles all of that so you can focus on what you do best: finding awesome products to sell and connecting with your customers.

Now, when it comes to pricing, Shopify offers different plans to suit different needs and budgets for Nigerian entrepreneurs. These plans come with different features and tools that can help you grow your online business in Nigeria. So, let’s dive in and explore what Shopify pricing has to offer for aspiring e-commerce entrepreneurs like you.

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Basic Shopify Plan – NGN 48,000 Per Month

When it comes to starting an online store in Nigeria, understanding Shopify pricing is crucial. Let’s break down what you need to know about Shopify plans available for entrepreneurs like you.

The Basic Shopify Plan is a great starting point for your online business journey. Priced at $32 per month which is equivalent to NGN 48,000, it’s affordable and gives you the tools you need to sell things online and in-person.

What You Get:

Online and In-person Selling: With this plan, you can sell your products not only on the internet but also in a physical store.

Storefront Customization: Customize your online store to make it look just the way you want. Even if you’re new to this, the tools are easy to use.

Reports and Analytics: Keep track of how your business is doing. Get reports and analytics to understand what’s working and what you can improve.

Who It’s For:

This plan is suitable for new ecommerce businesses. If you’re just starting, the Basic Shopify Plan gives you the essentials without overwhelming you. It’s a solid foundation for growing your business.

So, if you’re looking for a budget-friendly option that covers the basics and helps your business take its first steps, the Basic Shopify Plan is a wise choice. It provides a reliable platform for you to build your online store and reach customers, both online and offline.

Shopify Standard Plan – NGN 137,500 per month

The Shopify Standard Plan is a good choice for businesses looking to grow. It costs $92 per month which is equivalent to NGN 137,500.

Features Included:

Gift Cards and Abandoned Cart Recovery: With this plan, you can offer gift cards to customers, and it helps bring back those who left items in their shopping carts without buying.

Advanced Reporting and Analytics: You get more detailed information about your store’s performance, helping you make better business decisions.

Third-Party Apps and Integrations: Shopify Standard allows you to use additional apps and tools to enhance your online store’s capabilities.

Who Is It For?

This plan is suitable for growing businesses. If you want to expand and have more features to manage your store effectively, the Shopify Standard Plan might be the right fit for you.

As you consider your options, remember to think about your business needs and how the features of each plan align with your goals. The Shopify Standard Plan is just one of the choices available to help your online store succeed in the Nigerian market.

Advanced Shopify Plan – NGN 596,000 per month

Are you thinking about using Shopify for your online store in Nigeria? Well, let’s take a closer look at the Advanced Shopify Plan to help you make an informed decision.

Cost: NGN 596,000 /month

The Advanced Shopify Plan comes with a monthly cost of $399 which is equivalent to NGN 596,000. This is the amount you pay to use Shopify’s advanced features and tools to run your online business.

Features:

Advanced Reporting: This feature helps you get detailed insights into your store’s performance. You can see important information about your sales, customers, and products to make smart business decisions.

Third-Party Calculated Shipping Rates: With this feature, you can offer accurate shipping rates to your customers. It helps in calculating the shipping costs based on the carrier’s rates, ensuring fair and transparent charges.

Advanced Site Permissions: This is about controlling who can do what on your online store. It’s like having different keys for different doors. You can decide who gets access to certain parts of your store, making sure things are organized and secure.

Best For:

Large Product Inventory: If you plan to sell many different products on your online store, the Advanced Shopify Plan is a good fit. It provides the tools you need to manage a big inventory efficiently.

High Sales Volume: If you expect to have a lot of sales, this plan is designed to handle it. It ensures your website runs smoothly, even when there’s a high demand for your products.

Choosing the right Shopify plan is important for the success of your online business. The Advanced Shopify Plan might be a bit pricier, but if you have a big inventory and expect high sales, it could be the perfect choice for your growing venture. Remember, understanding your business needs is key to making the best decision for your online store in Nigeria.

Shopify Payments Transaction Fees

Now, let’s dive into the important details about Shopify pricing in Nigeria, specifically focusing on transaction fees and payments.

Credit Card Rates and Transaction Fees in Nigeria

When you sell things on Shopify using credit cards, there are some fees involved. In Nigeria, the credit card rates depend on the plan you choose. It’s like a small amount you pay each time someone buys from your online store.

Online and Offline Payment Rates

Whether your customers pay online or offline, there are different rates. For online payments, there is a certain fee, and for offline payments (like cash on delivery), there’s another fee. It’s important to know these rates so you can plan your pricing and understand how much money you’ll get after each sale.

No Monthly Fee Unlike Other Payment Gateways

What’s great about Shopify Payments is that there’s no extra monthly fee just for using it. Some other payment gateways might charge you every month, but with Shopify, you only pay when you make a sale. This can be a good thing for your business, especially when you’re just starting.

Understanding these payment details is crucial for any entrepreneur in Nigeria using Shopify. It helps you calculate your costs, set your prices, and make informed decisions about your online business. Always check the latest rates, so you know what to expect and can run your store smoothly.

Saving on Shopify Costs

When starting your online store with Shopify in Nigeria, understanding the pricing is essential to manage your budget effectively. Let’s delve into some strategies to save on Shopify costs and make the most of your investment.

Using Apps to Maximize Basic Shopify Plan Features

If you’re on a tight budget, the Basic Shopify plan offers essential features to kickstart your online business. However, you can enhance its functionality by using apps. These apps, available in the Shopify App Store, can help you add extra features like advanced analytics, email marketing tools, or social media integrations. By utilizing these apps wisely, you can make the most of your Basic Shopify plan without having to upgrade to a higher-priced tier.

Checking for Discounts and Special Offers

Shopify often offers discounts and special offers, especially for new users. Keep an eye out for promotions or referral programs that can help you save money on your subscription fees. Some discounts may include free trials or reduced rates for the first few months of subscription. Taking advantage of these offers can significantly lower your initial costs as you set up your online store.

Switching to Monthly Billing

While Shopify offers both monthly and yearly billing options, opting for monthly billing can be advantageous, especially in the initial stages of your business. Monthly billing allows you to pay on a month-to-month basis, giving you more flexibility with your finances. Additionally, Shopify tends to offer slightly lower rates for monthly billing compared to annual billing. Once your business is more established and generating consistent revenue, you may consider switching to annual billing to enjoy further savings.

By implementing these strategies, you can effectively manage your Shopify costs and allocate your resources towards growing your online store. Remember to assess your business needs regularly and adjust your Shopify plan accordingly to ensure that you’re getting the best value for your money.

Conclusion

Shopify’s pricing for Nigerian businesses is straightforward and flexible. You can choose from different plans depending on your needs and budget. Basic Shopify is great for beginners, while Shopify and Advanced Shopify offer more features as your business grows. The pricing plans include transaction fees for using external payment gateways, but you can avoid these fees by using Shopify Payments. This can save you money in the long run.

Remember, Shopify also offers a free trial, so you can try it out risk-free before committing to a plan. This gives you a chance to explore the platform and see if it’s the right fit for your online store. With Shopify’s user-friendly interface, robust features, and reliable customer support, Shopify makes it easy to create and manage a successful online store.