Why LaunchMyStore and Shopify are not comparable.
Shopify is a web-first e-commerce platform.
E-commerce for Shopify was conceptualized in a different era, hence many functionalities such as reviews, wishlist, logistics, returns, loyalty, discounts, etc., are not fully integrated, resulting in additional charges for basic e-commerce features.
LaunchMyStore's e-commerce suite comes pre-equipped with most of the functionalities you would expect in contemporary commerce.
Comparison by LaunchMyStore speed and conversion rates.
Comparison by price
lauchmystore | Shopify | |
|---|---|---|
Free | ₹0 | - |
Basic Plan (per month) | ₹1,200 | ₹1,499 |
Starter Plan (per month) | ₹1,200 | - |
Growth Plan (per month) | ₹3,125 | - |
Advanced Plan (per month) | - | ₹5,599 |
--------------------------- | -------------- | ------------------- |
Stores with 100 Orders | ₹2,495 | ₹18,496 |
Stores with 500 Orders | ₹12,475 | ₹22,496 |
Stores with 1000 Orders | ₹24,950 | ₹27,496 |
Monthly Price: This denotes the fundamental monthly subscription cost for each plan offered.
Service Fee: It represents a percentage fee levied on the transaction value. The rate of this fee varies among plans and directly influences the overall cost as the volume of orders increases.
Transaction Fees: For LaunchMyStore plans, an additional percentage fee applies. However, for LaunchMyStore, this is contingent upon the chosen payment gateway (we have assumed this to be negligible for simplification purposes).
Loyalty Management: This is a fixed cost that solely applies to LaunchMyStore plans.
Bundles: Another fixed cost exclusive to LaunchMyStore plans.
LaunchMyStore Plugin Packs: A fixed cost applicable only to LaunchMyStore plans.
Number of Orders: Our analysis encompasses scenarios involving 100, 500, and 1000 orders, each valued at ₹500.
Total Cost: This encompasses the summation of the Monthly Price, Service Fee (applied to the entire transaction value), Transaction Fees (if applicable), and any additional fixed costs such as Loyalty Management, Bundles, and LaunchMyStore Plugin Packs.
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