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MAKING COMMERCE BETTER

Making Commerce Better, presented by Shopify

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Presented at the eCommerce Toronto Town Hall on Feb 13th 2014, Satish Kanwar, Toronto Director of Operations for Shopify, takes us through the future of retail and how to make commerce better.

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Page 1: Making Commerce Better, presented by Shopify

MAKING COMMERCE

BETTER

Page 2: Making Commerce Better, presented by Shopify
Page 3: Making Commerce Better, presented by Shopify
Page 4: Making Commerce Better, presented by Shopify
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80,000+ Active Stores !

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65M+ Products Sold !

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370+ Employees

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$122M Funding

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$2B+ in Sales Generated !

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Page 8: Making Commerce Better, presented by Shopify

1. The Future of Retail 2. Commerce Everywhere

3. Shopify’s Platform Strategy

Page 9: Making Commerce Better, presented by Shopify

1. The Future of Retail !

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2. Commerce Everywhere

3. Shopify’s Platform

Page 10: Making Commerce Better, presented by Shopify

The Future of Retail

• Truths • Predictions

Page 11: Making Commerce Better, presented by Shopify

Online Sales Aren’t King

Sales online are a fraction of the pie. Their influence in the purchase are key.

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Return of the Small Business

Small businesses hold a major share of shopping traffic online and offline.

Page 13: Making Commerce Better, presented by Shopify

People Want Choice

61% demand an integrated, seamless

experience regardless of channel

81% find it important to choose pick-up or delivery options

regardless of how they pay

If it’s closed, 39% will wait until tomorrow,

36% will buy it online from same place, and 22% will buy it online

based on price elsewhere

There’s less and less a set of preferred methods or patterns.

Page 14: Making Commerce Better, presented by Shopify

It’s All Just Commerce

Page 15: Making Commerce Better, presented by Shopify

1. Get an Idea

2. Build Prototype

3. Raise Funds

4. Sell Orders

5. Ship Products

Value Chain Democratization

Page 16: Making Commerce Better, presented by Shopify

Value

Death of the Department Store

Distribution Experience

Page 17: Making Commerce Better, presented by Shopify

Long Live Experiential Retail

Page 18: Making Commerce Better, presented by Shopify

2. Commerce Everywhere

1. The Future of Retail

3. Shopify’s Platform

Page 19: Making Commerce Better, presented by Shopify

Commerce Everywhere

• Definitions • Opportunities

• Some Examples

Page 20: Making Commerce Better, presented by Shopify

Commerce: Activity related to buying and selling

Mobile Commerce: Delivering commerce to the hands of consumers, anywhere they are, using technology

Mobile Payments: Handheld devices used to conduct a transaction otherwise needing old school stuff at a point-of-sale

Page 21: Making Commerce Better, presented by Shopify

Opportunities

Value

Distribution Experience

Page 22: Making Commerce Better, presented by Shopify

Value

• Promotions & Coupons

• In-Store Research

• Shopping Lists

Page 23: Making Commerce Better, presented by Shopify

In-Store Price Comparison

Page 24: Making Commerce Better, presented by Shopify

Personalized Promotions

Page 25: Making Commerce Better, presented by Shopify

Distribution

• Location-Based Services

• Self-Serve Checkout

• Mobile Payments

Page 26: Making Commerce Better, presented by Shopify

Self-Serve Checkout

Page 27: Making Commerce Better, presented by Shopify

Places vs Spaces

Page 28: Making Commerce Better, presented by Shopify

Experience

• Value-Adds (In-Store & Home)

• Customer Loyalty

• Social Commerce

Page 29: Making Commerce Better, presented by Shopify

Value-Added Experiences

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Consumer to Consumer

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Customer Journey

Find Products

Set Context

Add Value

Close Deal

Get Paid

Page 32: Making Commerce Better, presented by Shopify

Merchant Journey

Get an Idea

Build Prototype

Raise Funds

Sell Orders

Ship Products

Manage Staff

Manage Money

Market Products

Track Customers

Support Customers

Page 33: Making Commerce Better, presented by Shopify

1. The Future of Retail

2. Commerce Everywhere

3. Shopify’s Platform Strategy

Page 34: Making Commerce Better, presented by Shopify

Shopify’s Platform Strategy

• Why Shopify? • Today’s Merchants

• Our Roadmap Ahead

Page 35: Making Commerce Better, presented by Shopify

Shopify is a commerce platform for merchants. • Single Product Database

• Online, Offline, & Mobile Stores • Fully Integrated Retail Ecosystem

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“Ecommerce is a Bear” by Andy Dunn, Bonobos

• Proprietary Pricing • Proprietary Selection

• Proprietary Experience • Proprietary Merchandise

Page 37: Making Commerce Better, presented by Shopify

Sell Online Sell In-Store Sell Everywhere

Page 38: Making Commerce Better, presented by Shopify
Page 39: Making Commerce Better, presented by Shopify

What’s Next? • Democratization of Commerce

• Convergence of Online & Offline • One Retail Platform to Rule Them All

Page 40: Making Commerce Better, presented by Shopify

1. The Future of Retail 2. Commerce Everywhere

3. Shopify’s Platform Strategy

Page 41: Making Commerce Better, presented by Shopify

THANK YOU