Setting up a Shopify store requires you to make an upfront investment. While you may not need to pay a substantial monetary investment, you need to invest time and effort. Additionally, the financial investment also impacts your overall return on investment.
When you use Shopify product add-ons, you increase your return on investment. Specifically, Shopify product add-ons help you boost sales, generate revenue, and increase profitability in a shorter timeframe.
Here is the math:
It normally takes your shop one month to sell a thousand dollars worth of products. Your overall cost is five hundred dollars. This situation implies a 50% return on investment during the month. Now, suppose you sell $1,500 worth of items in the same month.
Your cost remains at $500 within the same month. Now, your return is up to 66%. As you can see, using Shopify product add-ons can make a significant difference in your store’s profitability.