It’s their moat’: however, Shopify engineered Associate in Nursing $800 million partner system
At the Shopify Unite conference in could, Shopify COO Harley Finkelstein took the stage for the closing keynote. He asked the audience, created of over 1,000 Shopify merchants and partners for his or her commitment to the corporate. The long run of the retail, he stressed, relied on that.
So far, that’s been true. In 2017, Shopify created $673 million in revenue, whereas Shopify partners generated or so $800 million in revenue. At that rate, with Shopify foretelling $1.1 billion in revenue in 2018, generated revenue for partners may close to $2 billion this year. Shopify’s nighest competitors, Magento and BigCommerce, don’t share partner revenue, however, Shopify’s overall business is outpacing theirs. in step with parent company Adobe, Magento attained $150 million in annual revenue last year; BigCommerce, a non-public company, last proclaimed its 2017 annual revenue passed $100 million.