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Why Migrating Magento to Shopify is Becoming More Popular

Change for some people is daunting and challenging but for some the experience of changing to a new platform and discovering it is refreshing and energizing.

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cHINA, MOON, shopify
A moon is seen behind the construction site of China Zun in Beijing's central business area. VOA

BusinessThere are many different problems a merchant has to take care of every day when selling online such as orders, marketing, inventory, delivery, and other business commitments. For this reason, many merchants look towards technology for a helping hand. Magento was a useful, flexible and dominant e-commerce platform for small-to-medium sized businesses. But since last year alternatives to Magento enterprise such as Shopify became more famous for SMB (small-to-medium business) sized merchants, that for a good reason.  

Current SMB cannot afford the high progress, hosting and executive costs of Magento platform. This makes Magento a practical and feasible platform for only large business owners and clients because they can afford the expenses. There has been a fascinating shift from Magento to Shopify over the years.

The Growth Of Shopify

Shopify is a hosted e-commerce platform that has been in the market since many years but recently gained popularity in the smaller merchant market among many other great alternatives to Magento enterprise, by developing and providing user-friendly, easy to navigate and manage online shop platforms. It might not be the most top-notch hosted e-commerce platform, but it has the essential power and facilities that help emerging small businesses to excel and grow in the market.

Shopify
Shopify is no less and allows you to control and organize catalog, orders, products, and customers over many different Shopify stores using back-end web-based applications.

Shopify has put in a lot of effort and worked towards enhancing and developing its facilities, features and level of customizations over the past two years. The hard work has proved fruitful as it has gained the lion’s share of the smaller merchant market and has become a competition to Magento and sent Magento worrying for its market share of active online merchants.  

Although there is still room for improvement, Shopify is undoubtedly on the list of the best alternatives to Magento enterprise because it takes care of hosting, performance and security for the merchant. So that the merchant can focus his energy and time on building and growing his business.

Shopify As a Competitor of Magento

The rise of different alternatives to Magento enterprise including Shopify didn’t go unnoticed and alarmed Magento that took immediate action and in April 2016 at the annual Magento Imagine Conference, Magento did the inauguration of a new hosted platform for enterprise-level merchants and clients.

The Magento platform is for large enterprises and businesses because it requires constant updating and customization to produce effective and efficient results and become a productive solution to the problem of merchants such as managing hosting. This continuous improvement and updating work can cost a lot making Magento an expensive choice.

Magento 1 was improved, and as a result, Magento 2 was launched which is significantly better, but there is still a need for improvement as it experiences continued bugs which affect its performance and productivity. Another problem for Magento 2 is that there are very few certified developers for it. But due to the importance of staying updated, relevant and secure in the market, transforming from Magento 1 to Magento 2 has become a necessity for merchants.

However, it is important to note that upgrading from Magento 1 to Magento 2 is not an easy and fast process. To migrate products customers and orders from Magento 1 to Magento 2, you will have to buy and download new applications and programs specially designed for Magneto 2.  

During this process, some data from Magento 1 could be lost or deleted due to the incompatibility of the data with the new program. You will also have to recreate your theme and design all over again which can be a time demanding and tiring process.

Magento, Shopify
There are greater hosting obligations for Magento 2 as compared to Magento 1.

Also, there are greater hosting obligations for Magento 2 as compared to Magento 1. All of the above-stated points add to the cost of managing your Magento Platform making it very expensive.

Shifting to Shopify

Due to the costs, problems, and difficulties in functioning an SMB (small-to-medium business) shop using Magento, there has been a significant rise in the number of Magento-to-Shopify migrations. And according to the statistics, these numbers aren’t falling anytime soon.

Shopify is a hosted platform that is patched and updated automatically without the need of employing developers; this makes it an excellent choice for burgeoning enterprises. Also features like theme design and incorporations are much easier to do using Shopify which reduces the cost.

There is no doubt that Magento is a superior platform when it comes to multi-store construction which is easy to manage with a single back-end. But Shopify is no less and allows you to control and organize catalog, orders, products, and customers over many different Shopify stores using back-end web-based applications.

Also Read: Hiring for Your Business? Get it Right First Time

Effective change

Change for some people is daunting and challenging but for some the experience of changing to a new platform and discovering it is refreshing and energizing. Especially when they understand and feel the enhanced usability of Shopify’s back-end interface.

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Ways to Make Money in the Stock Market

Adopt a suitable trading strategy to earn more money in the stock market

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Stock Market
Know about how to make profit in the stock market. Pixabay

Individuals who want to earn money in the stock market have plenty of choices to make. In addition to picking and choosing specific securities to trade, they first need to select a general trading strategy. Too many enthusiastic people jump into the market without a plan of attack, which can mean financial suicide.

The smart thing is to decide on an approach that makes sense for your level of risk tolerance, your financial resources and the amount of time you can give to the pursuit. Day traders, for example, often make the market their career, devoting every weekday morning and afternoon to the pursuit of profit. For the grand majority of us, however, other methods make more sense.

Peruse the list below and decide which one is the best fit for your personality, budget and schedule:

Long-Term Trading

Whether you have a little or a lot of money to invest, the long-term strategy can be a good fit for anyone. More than half of all people who buy and sell stocks online fall into this category. The beauty of working this way is that you can choose stocks that move slowly and build value over the long-haul. As long as you are patient and not worried about making a kill, this approach makes sense. Those who have self-directed retirement accounts often spend just a few hours each year re-balancing their portfolios. The drop shares that haven’t moved at all, add one or two new companies to the mix and leave it at that, until next year’s readjustment.

Stock market
In order to make more money in the stock market, individuals need to adopt a suitable trading strategy. Pixabay

Day Trading

If you have a strong stomach, at least $25,000 to put into a brokerage account and a lot of time on your hands, day trading could be your calling. Be ready for a few months of training, many sessions on a simulated platform and about a year of ramping up to full-time activity. Day traders usually hold no positions overnight but take their profits by scalping small price changes on large buys. If XYZ company, for example, is selling for $89.50 per share and suddenly goes up to $89.60, a day trader might buy 100 shares if the market indicates that the price will continue to rise to $90. That would mean a profit of $40 in the span of a few minutes, but 100 shares would cost close to $9,000.

Specializing in One or Two Securities

It’s becoming more common to specialize in just one or two companies. A big advantage to this style is the knowledge that comes with specialization. If you decide to only buy and sell shares of Microsoft and Walmart, for example, you’ll be pretty adept at spotting price changes before they occur.

Also Read- Traders Protest Government Collusion with Amazon, Flipkart: Report

Profiting from Precious Metal Stocks

Even people who are not keen on Wall Street in general often trade stocks based on the precious metals. This group includes companies that operate in the mining industry, which is a sector unto itself. Additionally, metals enthusiasts can buy and sell exchange traded funds (ETFs) that hold massive amounts of bullion. Silver and gold traders have been using ETFs and mining stocks to play the market for decades.