Shopify is a leading e-commerce platform allowing businesses of all sizes to easily create and manage an online store. With its ease of use, flexibility, and wide range of features, it’s no wonder that so many small business owners and entrepreneurs have turned to Shopify.
This makes this platform the default choice for business owners, which is why Shopify now possesses 10 percent of the global ecommerce market.
In 2023, Shopify is set to release several new features and updates that will help businesses to improve their online sales and customer engagement. However, with so many new features and updates being released, it can be easy to overlook some of the most important ones.
Those who choose professional Shopify website design services for their business are creating a handsome profit. This is one of the most critical factors that make Shopify popular. In this New Year, Shopify will be unique with its features.
This article will highlight some of the new features and updates you may overlook in 2023 and how they can benefit your business.
How Does Shopify Work For Businesses?
Shopify is a comprehensive e-commerce platform that allows businesses to create and manage an online store. There were almost 3.75 million active users of Shopify websites in 2022. It offers a variety of tools and features to help businesses sell their products online, including website building, inventory management, payment processing, shipping and taxes configuration, and marketing and SEO tools.
Additionally, Shopify integrates with various apps and plugins to add functionality such as social media integration, email marketing, and more. With Shopify, businesses can have a professional-looking online store with all the necessary features to manage and grow their business without needing technical expertise or significant upfront costs.
9 Shopify new Features and Updates
Shopify has generated over $590 billion in sales during its 17 years of journey. That’s why it has become more popular among all. Following are the latest and updated Shopify features:
Augmented Reality (AR)
One of the most significant new features that Shopify will release in 2023 is the ability for businesses to create augmented reality (AR) experiences for their customers. This will allow companies to showcase their products more interactively and engagingly. This can help to increase sales and customer engagement.
For example, customers will be able to see how a piece of furniture will look in their home before they make a purchase or how a makeup product will look on their faces.
A suite of B2B APIs
Shopify has recently released a new update in 2023, which includes a suite of B2B APIs that are now stable. These APIs are designed to help businesses streamline their operations and improve their workflow.
They allow businesses to integrate their Shopify store with other systems and platforms, such as accounting software, inventory management systems, and more. This update will greatly benefit B2B companies that sell products in large quantities and handle multiple clients.
With these APIs, businesses can automate their processes, reduce errors and save time and resources. This is a significant step forward for Shopify in B2B capabilities and is expected to positively impact the platform’s users.
Personalized Shopping Experiences For Customers
Another new feature that Shopify will release in 2023 is the ability for businesses to create personalized shopping experiences for their customers. This will allow companies to create custom landing pages, product recommendations, and other content tailored to the individual customer’s interests and browsing history. This can increase customer engagement and sales by providing customers with a more personalized and relevant shopping experience.
Shopify’s Payment Gateway
One of the most significant new features in 2023 is the introduction of Shopify’s payment gateway. This gateway, powered by Stripe, allows merchants to process payments directly in their stores without needing a third-party payment processor. This will make it easier for merchants to manage their transactions and will also help to reduce transaction fees.
Custom product pages
Another feature that may need to be considered is the ability to create custom product pages. This feature will allow merchants to create unique and personalized pages for each product, making it easier for customers to find the products they want. It also allows the addition of videos and other rich media, which can help to increase conversions.
Update about Email Campaign
Furthermore, Shopify has made it easier for merchants to create and manage email campaigns with Shopify Inbox. This includes creating targeted campaigns based on customer behavior and purchase history and segmenting email lists for personalized messaging.
Businesses Can Create and Manage Their Subscriptions and Memberships
Shopify continues to release features allowing businesses to create and manage their subscriptions and memberships. This will enable companies to offer customers the ability to subscribe to their products or services regularly, which can increase customer loyalty and revenue.
For example, a business could offer a monthly subscription service for a product, such as a box of fresh produce, or a membership service to access exclusive content or discounts.
Shipping and tax rates
Another update that Shopify has made is its shipping and tax rates. Shopify now offers more shipping and tax rate flexibility, allowing merchants to set different rates based on the product, location, and other factors. This can help merchants to manage their costs better and improve the customer experience.
Expanding the Customer Experience Through Partners
Another great feature is the Shopify App Store which allows merchants to add more functionality to their stores. The App store has thousands of apps, covering everything from accounting and inventory management to marketing and customer service. Some apps are free, while others require a monthly subscription fee.
In addition to these new features, Shopify will release several updates to its existing features in 2023. For example, the platform will update its analytics and reporting tools to give businesses more insights into customer behavior and sales data. This will allow companies to make more informed decisions about their marketing and sales strategies and improve their overall performance.
Moreover, the Shopify App Store now includes a new section for apps specifically designed for social media marketing. These apps can help merchants quickly create and manage social media campaigns and track the performance of their ads.
In conclusion, Shopify’s new features and updates in 2023 will help businesses to improve their online sales and customer engagement. Companies should be aware of new features such as creating augmented reality experiences, personalized shopping experiences, and managing subscriptions and memberships.
Businesses should also be aware of updates to existing features such as analytics and reporting tools. By taking advantage of these new features and updates, companies can improve their performance and achieve tremendous success in e-commerce.