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The Game with Alex Hormozi

I Interviewed the President of Shopify | Ep 670

Feb 9, 2024
Alex Hormozi interviews Harley Finkelstein, President of Shopify, about the company's growth, user-friendly design, and vision for the future of commerce. They discuss the accessibility of entrepreneurship and the importance of starting small. They also explore Shopify's early growth strategies, successful partnerships, and the power of vulnerability. Additionally, they touch on the future of entrepreneurship, trends in retail, and the value of complementary partnerships in both business ventures and life.
01:30:06

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Establishing referral partnerships with web agencies was a key growth strategy for Shopify to increase their customer base and create a distributed sales force.
  • Launching the Build a Business Competition helped Shopify attract entrepreneurs and move from early adopters to the mainstream, showcasing the platform's potential and empowering individuals to pursue entrepreneurship.

Deep dives

Key Point #1: Referral partners

One of the key growth strategies for Shopify was establishing referral partnerships with web agencies and developers. They offered a generous revshare of 20% of Shopify's cut to incentivize agencies to promote their platform. This created a distributed sales force that helped increase their customer base.

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