About 56.6% of people in the US prefer to shop online rather than in physical stores, and this number is on the rise.

Brick-and-mortar stores are becoming less popular as more people are enticed by the benefits of shopping online. Standing out when it comes to eCommerce is becoming more and more important.

For businesses, things can be more challenging these days as there's a lot more competition. As your audience has plenty of other options, having an online store that stands out from the competition is crucial if you want to stay ahead. Shopify commerce components can help you achieve this.

So what are Commerce Components by Shopify, and should you be using them? Keep reading to find out.

What Are Shopify Commerce Components?

Shopify Commerce Components are specific technologies that eCommerce businesses can implement on their websites. They're designed for major retailers with detailed requirements and large user bases.

Shopify eCommerce offers a framework that makes these components easy to use and add to existing systems. Retailers can create unique solutions that are suitable for their businesses.

There are more than 30 modular components available, so businesses can choose the ones that are most appropriate. It's also fairly simple to adapt and scale these components to meet specific requirements.

Why Shopify Release Commerce Components

The world of eCommerce is incredibly fast-paced. Quick advancements in technology result in rapid changes, and businesses that don't work to keep up will fall behind. To meet consumer demands, retailers need to be able to adapt and innovate quickly and effectively.

Shopify Commerce Components are focused on flexibility, innovation, and integration. They offer a unique blend of reliability and performance that help improve checkout times and efficiency.

Retailers can use flexible APIs to create interactive customer experiences. They can integrate seamlessly with their chosen back-office services to ensure things are always running smoothly.

Who Uses Them?

These Shopify tools have become very popular in many eCommerce stores. Enterprise-level companies tend to make the most significant use of them.

This includes businesses that have a high revenue, typically exceeding $500 million in online sales each year. Organizations that have sophisticated requirements also benefit from them greatly as it gives them more control and customizability. Companies that already use existing technology but need to improve their infrastructure can also find Shopify Commerce Components very helpful.

Essentially, any online retailer that has moved away (or is moving away) from classical eCommerce operations can use these. They provide power and flexibility that can help them operate under complex requirements.

If your business matches any of these, Shopify Commerce Components could be a very suitable solution.

Shopify Commerce Components Pricing

One thing to note if you want to start implementing Shopify Commerce Components is that the pricing isn't publicly available and can vary between different businesses. It ultimately depends on the components required and their usage. You would need to discuss your requirements with the Shopify team for clear pricing information.

Shopify Commerce Components List

If you want to improve your eCommerce strategy, Shopify Commerce Components can be very beneficial. With that said, there are a lot to choose from. Understanding the different options will help you determine which components would best serve your business.

Storefront

First impressions are vital and your storefront has a huge impact on the customer experience. There are several components that allow you to improve your storefront.

• Headless APIs let you design distinctive interactions for various platforms
• Headless SDKs make it easier to maximize commerce interactions
• Low-code storefronts use Shopify's flexible templating language to create robust, large-scale online stores
• Headless hosting lets you immediately launch a storefront on Oxygen (Shopify's integrated hosting platform) at no additional charge
• Content uses Shopify's custom data models with your CMS to enhance content experiences
• Storefront Search is an AI-powered search function that helps customers find the best products based on various user and product signals

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Cart and Checkout

It's not uncommon for users to abandon shopping carts due to issues with the checkout experience. You want to keep things as streamlined and simple as possible to secure more sales.

• Carts handle the shopping cart functionality, letting customers add, remove, and update items with ease
• Checkout platforms use efficient processes to reduce the hassle, risks, and expenses of creating your own checkout
• Payment platforms handle all payments, and Shopify Payments can integrate seamlessly to allow for smooth, reliable payment processing
• Tax platforms automatically work out taxes based on a customer's location to ensure compliance
• Fraud protection keeps your users and your business safe by utilizing fraud protection data from retailers all over the world

Core Commerce

Core commerce involves various components that build up and improve your eCommerce store. They offer various capabilities and functions depending on what you need.

• The product catalog holds all product information such as descriptions, images, pricing, and inventory levels
• Custom data models allow you to create custom fields for specific business information
• Selling across borders allows you to expand your business by handling multi-currency pricing, localized content, global shipping, and more
• Subscriptions create tailored subscription plans that promote brand loyalty and ensure a more stable revenue flow
• Customer data handles your database to help enhance customer retention and generate recurring income
• Discounts can offer promotions to specific customers based on their previous behavior
• Functions extensibility uses logic in the back end to improve things like order routing and the checkout process
• B2B helps with various functions such as bulk item migration and order processing automation

Data and Compliance

Data is essential in today's business landscape as it guides many of your business decisions. Compliance is also vital (especially for enterprise-level companies) to ensure your business doesn't run into any legal issues. Shopify Commerce Components can help with both of these.

• Data analysis gathers and offers valuable data that you can use to improve marketing strategies
• Marketing insights help you determine what's working and what isn't so you can make suitable adjustments
• Card data and vaulting lets you incorporate your current solution to improve authorization rates and enhance processing speed
• Security and compliance components provide various security features that keep your store and your customers safe while adhering to SOC 2 compliance standards

Shipping and Logistics

Your business depends on your customers, so it's essential to make sure they're happy. Ensuring they get their orders quickly is incredibly important here, so you want to make your shipping and logistics processes as streamlined as possible.

• Fulfillment covers things like managing inventory, receiving shipments, and transporting goods
• Order management ensures all customer orders are tracked and managed properly, offering transparency and reliable communication at all times
• Inventory helps ensure you're never over or under-stocked so you always have what customers want
• Returns help minimize financial loss by allowing you to effectively manage returned products and orders

Omnichannel

Omnichannel allows you to increase your reach and sell anywhere. When implemented correctly, your business still maintains a unified presence, even across different channels.

• Point of sale (POS) uses customized connections across different POS platforms and ensures they're compatible, integrating both online and offline sales
• Social commerce allows you to sell directly through social media platforms, helping you reach a much wider customer base
• Chat and support can help ensure customers who are experiencing issues don't leave by quickly providing them with the help they need

Benefits of Shopify Commerce Components

There are various Shopify benefits companies can take advantage of, and Shopify Commerce Components only add to this. The advantages they offer can help all kinds of businesses, though they're generally best for large-scale retailers who need specific solutions.

Customizability

One of the main benefits of Shopify Commerce Components is that they allow you to customize your eCommerce store so that it works exactly as you want it to. The various modular components can be used in a range of ways, either by adding them to an existing system or creating a new one. This makes online store optimization far simpler and you can provide the best user experience.

Future-Proof Flexibility

The eCommerce world changes quickly, so it's important to stay up to date with the latest trends. Commerce Components offers solutions that can stand the test of time, mixing various services from different providers to ultimately create a solution that meets the needs and wants of your customers.

Effortless Scaling

Enterprise-level organizations need systems that can handle growth effectively. Shopify Commerce Components are easily scalable, so they'll continue to serve your company well, regardless of its size. As website traffic and sales increase, systems will adjust to ensure there's no drop in the quality of service.

Impressive Speed

Consumers in today's world have very high expectations. They want things to be quick and easy, and if they're not, they'll simply move on. This means your website needs to load and respond quickly.

Shopify Commerce Kit makes use of Shopify's resilient infrastructure to provide fast reactivity and consistent uptime. This is another way of ensuring a good user experience that will help with both lead generation and customer retention.

High Level of Security

For any website, security is a key consideration. It's even more important for businesses that deal with customer data. When running an eCommerce business, you need to make sure your site is as secure as it can be at all times.

In 2023, the average cost of a data breach for a business was $4.45 million, and this seems to go up every year. For an enterprise-level business, the financial loss can be huge. On top of this, it could also result in a huge loss of trust among your audience, which can be incredibly difficult to win back.

Shopify Commerce Components are ideal for keeping data locked down. It prioritizes safeguarding customer data and conforming to PCI compliance. Platforms like Shopify make use of the latest protocols to maintain security and ensure both customer and business data remain as secure as possible.

Streamlined Savings

Being able to reduce costs can lead to an overall increase in profits, so doing this without sacrificing quality is ideal. Shopify Commerce Components integrate seamlessly with current systems. They enhance functionality by introducing features like automated order processing, which help streamline business operations.

Being able to integrate these tools so easily means it's inexpensive to add Shopify Commerce Components to your eCommerce store. This helps save time, and the new functions can lead to a sizable increase in revenue. The functions they add can also result in significant cost savings in the long run, further increasing profits.

Innovative Operations

There's a strong community of developers that help make Shopify Commerce Components function so well. Custom functions are entirely feasible, so you can adapt these components to your store as needed. This makes it easier to tailor your services to specific customer groups and you can focus better on your business goals.

Shopify Commerce Components vs Shopify Plus

There are various aspects of Shopify Commerce Components that make them a more suitable solution for some businesses than Shopify Plus.

For example, Shopify Plus is priced using a custom plan based on business needs. Commerce Components use modular pricing, so a business will pay for exactly what it uses.

Shopify Plus is designed using a broad ecosystem that integrates easily. Commerce Components are more flexible so they can adapt and integrate with third-party services. The components are more advanced, so some of them require some technical expertise to use effectively.

Commerce Components have no API limits and 40,000 checkouts per minute/store, while Shopify Plus only allows for 15,000. Ultimately, while Shopify Plus can be ideal for large businesses, enterprise-level organizations can be better served by Shopify Commerce Components.

Getting Ahead With Your eCommerce Business

It's always best to be a step ahead of your competitors, so it could be well worth your while to start implementing Shopify Commerce Components into your current system. They're easy to integrate and completely customizable, so you can adjust them to better meet your needs. Bear in mind that while these components can be very helpful, it takes more than that to stay ahead in today's competitive business world.

Makro Agency is dedicated to helping eCommerce businesses outperform, outpace, and outgrow their competitors. We use innovative approaches and data-backed solutions to guide our clients towards their goals. Get in touch with us today to find out more about how we can help.

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