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A new website is not the same as running an eCommerce store. Thankfully, we’ve compiled a list of the most exemplary Shopify applications to assist you in managing your online store and adding new features.
Since its inception in 2009, the Shopify App Store has brought in over $100 million in revenue for app developers. This study focuses on the Shopify app scoping in general and how the apps have been performing, with the app store expanding steadily in both users and developers every year. Shopify is ideal for merchants who wish to sell their items on many platforms, including the web, mobile, social media, marketplaces, physical stores, and pop-up shops. From setting up and maintaining an Online Store to receiving payments, managing inventory, and tracking and responding to orders, the Shopify Admin Dashboard gives you complete control over all Sales Channels.
Shopify App Store’s Highlights
The Shopify App Store is a streamlined platform that’s simple to set up and use. It also comes with a slew of incredible features and services that help it stand out in the market. The following are some of the essential features of the Shopify App Store:
By learning about your clients’ buying patterns and order history, the Shopify App Store helps the team manage and understand them. You may also sort and export your lists by location, purchasing account, and other criteria. To help you increase your sales, Shopify interfaces with various apps, eCommerce platforms, CRMs, and more.
To promote your products and campaigns, you can combine your websites with social media platforms such as Facebook, Instagram, etc.
Furthermore, you may increase sales and customer loyalty by creating targeted discount codes and allowing customers to utilize gift cards as shop credit.
The Shopify App Store has an Abandoned Checkout Recovery function that allows you to send emails to prospective consumers who have abandoned their shopping carts, helping you to recover lost sales. It accepts more than 100 payment gateways worldwide, including Bitcoin and PayPal. It supports more than 50 languages, but it also automatically takes care of country and state tax rates.
The Shopify App Store offers an interactive dashboard and reports to help you make smarter decisions and measure the progress of your business. You can also export your reports to dig deeper into them.
Support and Maintenance
Shopify provides email, chat, and phone assistance. In addition, you may enhance your Shopify App Store by collaborating with Shopify-approved E-Commerce developers, designers, and others.
What is the best way to know which Shopify apps are being utilized on a certain store?
The apps used by Shopify-powered stores can be identified in various ways:
- Source code for HTML. You can find out what apps are installed on a single Shopify store by looking at its HTML source code.
- Then type “async load” in the search area to find it) and the appropriate information will show below it.
- Software developed by a third party. You may also use tools like Store leads which will provide you with much more information about your chosen Shopify store than just the apps it employs.
- Chrome plugins: Detector, or Commerce Inspector, can also be used.
Detailed Information on Shopify App Store Analysis 2021
The in-depth metrics are extracted until Oct 2021. The information provided displays the huge numbers because the data is present after analysis of more than 700 apps, which; are active – 6755 & inactive – 623.
Total monthly revenue: $45,441M;
average = $20,037
Shopify app price
All apps (including paid + free)
Average = $32.21
Only paid apps (excluding free apps) – Average = $46.84
Price from: average = $23.44 to: average = $70.25
The number of new apps released each week varies between 40 and 90. There is a lot of competition. A new app has been released within the last three months. There are 742 new apps, with total monthly revenue of $29,471 (average $39,72) and a median of $0.
Shopify App Rating
Monthly revenue projections
The total revenue generated by all Shopify app developers is the estimated monthly revenue per developer. We do, however, only count recurring charges and ignore one-time charges.
To determine Shopify App revenue, we use the following formula:
(price from + price to) /2 * app installation count * free to paid rate * (1 – Shopify commission) Apps with a free plan have a 50% free to paid conversion rate. In comparison, others have a 20% conversion rate.
According to our research, there are 2265 developers:
- Over $1 million earn 4 (0.18%);
- $500k – $1 million earn 16 (0.71%);
- $100k – $500k earn 79 (3.49%);
- $50k – $100k earn 56 (2.47%);
- $10k – $50k earn 244 (10.77%);
- $1k – $10k earn 631 (27.86%);
- Less than $1k earn 1235 developers (54.53%).
The analysis data is present until June 21, and the Shopify App Quality Assurance team segregated this into different categories.
Boosting your business’s performance with Shopify apps
Shopify’s wide range of tools, ease of access and installation, and the fact that many of its apps are free to use are all factors that entice businesses of all kinds to develop their stores on this platform.
We haven’t found a single store that doesn’t use Shopify apps after analyzing 100 of the highest-ranking Shopify stores in the United States. We set out to find the most popular app categories, assuming that you can’t overlook types and specific business areas like creating loyalty, store design and navigation, customer support, etc.