Shopify Entrepreneur Weekly

Hey there👋

This week, Shopify made it easy to streamline your operations and enhance growth. Meet key benefits of Shopify Finance updates.

• Unified finance home: Manage all financial tools from one comprehensive dashboard.

• Quicker access to funds: Fast access to funds through Shopify Capital, Credit, and Balance.

• Automatic rewards: Earn APY rewards on Shopify Balance and cash back on Shopify Credit.

• Flexible repayment terms: Repay from daily sales, with no payments on slow days.

• Simplified tax compliance: Automate sales tax filing and remittance with Shopify Tax.

• New funding flexibility: Access up to $2 million with no credit checks; enjoy tailored loan structures.

• Cashback benefits: Up to 3% cashback on select purchases with Shopify Credit.

• APY rewards: Up to 4.43% APY on Shopify Balance for Shopify Plus merchants.

• Streamlined bill pay: Pay vendors with various payment methods, saving time and fees.

With enhanced Shopify Finance, you can spend more time on strategy and growth.

For store development and design, you can always count on shopexperts. We make hiring Shopify help easy, letting you focus on growth. Enjoy straightforward, predictable pricing with our freelancer network.

Begin by submitting your project; our leading experts are prepared to make the experience smooth and effortless for you.

Create a free account to explore our platform.

Enjoy the read!
– Lidia from shopexperts

💫

In this week's edition:

• Latest industry updates

• New premium theme!

• Awesome tips to help your product description turn more visitors into buyers!

• Fun pic of the week

Industry news

• Shopify introduces Shopify Finance, combining its financial solutions into one dashboard. Merchants can now access Shopify Balance, Shopify Credit, Shopify Capital, Shopify Bill Pay, and Shopify Tax in one place. Just in time for Black Friday, Cyber Monday!

• ShipSurance is now included with Shopify Managed Markets shipping labels, offering up to $200 in shipping insurance. Additional coverage can be purchased up to $5000.

• Amazon announced a new benefit for Prime members, offering a $0.10 per gallon discount at about 7,000 bp, Amoco, and ampm gas stations in the U.S., potentially saving users $70 annually. Additional savings on transportation costs, including electric vehicle charging, are expected next year.

• Shein has launched its first global credit card, the Shein Mastercard, in partnership with Mexican fintech Stori. The card offers 250 welcome points, double points on Shein Mexico purchases, and points on other purchases globally. This move highlights Shein's commitment to the growing Latin American market, with plans to build a plant in Mexico and expand distribution in Brazil.

• FTC's rule against fake online reviews is now in effect. The rule prohibits reviews and testimonials attributed to non-existent or AI-generated personas, individuals without experience with the product or service, or those that misrepresent experiences. The agency can impose civil penalties on violators and bans the creation or sale of reviews. Businesses involved in buying or disseminating fake reviews will face penalties.

• Klarna launched a Gift Card store in the U.K., allowing consumers to buy gift cards from brands like Airbnb, Argos, and IKEA with Klarna's BNPL option. The store features personalized notes and scheduled delivery, and Klarna plans to expand to more EU markets this year.
  

New themes alert

Wonder by NETHYPE
^{Price $390 USD}

This theme features two stunning templates: Beauty and Couture. Prioritizing simplicity and efficiency, this Shopify template is designed to enhance the user experience. With a mobile-first approach, every element is meticulously crafted to support your business goal—generating revenue. It includes shoppable videos and storytelling sections to engage customers effectively.

Optimization tip

This week let’s cover product page tips to make your product description convert. First, make your product description easy to scan by using bullet points and headings. This will help customers quickly understand the key features and benefits of the product.

Once it's completed, you're prepared to advance to the next level with the help of these tips:

1. Ensure the product page includes customer FAQs (for each specific product as well as store-wide questions).

2. The technical specifications table is clear and easy to read (different colors of lines, hover state of the line, not too far apart).

3. Make sure you product page offers product comparisons.

4. Add a nice touch with a product description that shows how to use it in 3 simple steps.

5. Product page contains embedded reviews (or screenshots) from social networks (e.g. Facebook post, Messenger, Whatsapp, Tweet, Instagram post, Instagram PM, Viber, text message).

Don't miss out on potential sales by overlooking your product descriptions—let's team up and make them work for you, just submit a project.

Photo of the week

The Great Exhibition, a newly rebranded creative studio in Stockholm, has launched The Frontal Lobe, the world's only indoor office roller coaster. The 60-metre track winds through the workspace in Liljeholmen, passing through areas like the kitchen and storage spaces, creating an unexpected experience designed to leave a lasting impression. The roller coaster, which took over a year to design and build, has three metres of elevation and is made from four tons of red-lacquered steel. Petter Kukacka, the studio head, says he's dreamed of this for 20 years.

Feedback

✨ If a friend shared this Newsletter with you, make sure to subscribe here, to stay in the loop.

📮 If you've got any feedback or cool stuff to share, feel free to reply to this email.