I was always suspicious of the Ads that would pop up daily in my Facebook Feed suggesting that any entrepreneur could become an Instant Millionaire by building a Web Site and selling stuff or Drop Shipping stuff with Shopify
Who was paying for all these Ads ? Was it the Russians ?
The greatest number of Ads promoting and pumping Shopify stock were sponsored by the crew at Motley Fool ... "Buy Shopify now" "Shopify the Canadian Amazon"... "37 year old investor bets 780 Million on Shopify" and blah blah blah ....
It certainly had a good run from $50 up to $150 but has recently fallen back to $117 and continues to fall.
Time will tell if this is truly a great company or another miserable pyramid scheme where new subscriptions are needed to replace the exodus of failed Shopify online storefronts.
Have you ever used Shopify ? What is your experience with this company?
Chart: https://finance.yahoo.com/quote/SHOP.TO?p=SHOP.TO
Image Source: techcrunch.com/2012/07/10/shopify-build-a-business-competition
Never used it, but I can attest to the fact that it most definitely is not a get-rich-quick-scheme. It also is not a pyramid scheme at all haha.
You would be better off though starting your own wordpress website and implementing a commerce shop through wordpress itself. There's no need for a middle man.
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Or just use Google's free Blogger ... and get Ranked as #1 on Google Search Engine since Google owns Blogger
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The Ads on Facebook say that Millionaires are created every day with new Subscribers to Shopify
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I'm using shopify I got in on the whole drop shipping thing...
I'm not profitable yet, but I am making sales. I would 100% say that it is NOT a get rich quick scheme and I bought some shares for the first time after it took the hit. I'm excited to make some great returns!
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That is good to know.
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