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Boost Your eCom Sales with Shopify's Shop Cash Campaign

Written by Team ROAS Expert | May 3, 2023 9:42:00 AM

Shopify is one of the most popular e-commerce platforms for entrepreneurs and small business owners. With Shopify, you can easily create an online store, manage your inventory, and process payments. Shopify is constantly innovating to help businesses grow and succeed, and their latest offering, Shop Cash campaigns, is no exception.

Shop Cash campaigns are a less-known acquisition tool that can help you increase your first-time customer sales on the Shop app. These campaigns allow you to increase the value of a customer's Shop Cash in your store, which can entice them to make a purchase. In this article, we'll take a closer look at what Shop Cash campaigns are, how they work, and how you can use them to grow your business.

What are Shop Cash campaigns?

Shop Cash campaigns are a type of marketing campaign that allows you to increase the value of a customer's Shop Cash in your store. Shop Cash is a form of digital currency that customers can use to make purchases on the Shop app. When you create a Shop Cash campaign, your offer is shown to potential new customers in the Shop Cash offers section of the Shop app.

Shop Cash campaigns are a great way to acquire new customers because you only pay acquisition costs for successful sales. Customers who have purchased from your store before won't be able to view your Shop Cash offer, so you can focus on acquiring new customers.

Requirements for Shop Cash campaigns

Shop Cash campaigns are available only to stores that meet all of the following requirements:

  • Your store is on the Shopify Plus plan and is located in the United States.
  • Your store has a US Shopify Payments account that accepts USD and has Shop Pay activated.
  • Your store meets Shop's merchant eligibility requirements.

If your store meets these requirements, you can create a Shop Cash campaign and start acquiring new customers.

How do Shop Cash campaigns work?

When you create a Shop Cash campaign, you need to set a budget. Your daily budget is the total amount of money that you want to spend each day that your Shop Cash campaign runs. The maximum cost per acquisition is the maximum amount that you're willing to spend to acquire a new customer in one transaction. The Shop Cash value and acquisition fee combined won't exceed this amount for any one transaction.

Each time an order is placed using a Shop Cash offer, charges are deducted from your Shopify Payments payout balance. This continues until your total campaign budget is reached. If your daily budget is reached, then the campaign is paused for the rest of that day, and your budget refreshes the following day.

There's no pre-funding required to create a Shop Cash campaign. If your Shopify Payments payout balance has insufficient funds to cover the campaign charges, then the deduction is reattempted until the charges are successful. During this time, the Shop Cash portion of your order payout is withheld until the campaign fees are collected.

Creating a Shop Cash campaign

Creating a Shop Cash campaign is easy. Any staff member in your store who has Shop channel and marketing permissions can create and manage Shop Cash campaigns. You can have one active campaign at a time. Here are the steps to create a Shop Cash campaign:

  1. From your Shopify admin, click Settings > Apps and sales channels.
  2. From the Apps and sales channels page, click Shop.
  3. Click Open sales channel.
  4. Click Marketing, and then click Create Campaign in the top right corner.
  5. Enter the name of your campaign.
  6. In the Schedule section, enter the start date and time that you'd like for your campaign to begin.
  7. Optional: If you want to set an end time for your campaign, then select the Set end time checkbox.
  8. In the Budget section, complete the Daily budget and Maximum cost per acquisition

Conclusion

In conclusion, Shopify's new Shop Cash campaign is a powerful acquisition tool for e-commerce brands that meet eligibility requirements. With this campaign, you can increase the value of a customer’s Shop Cash and boost your first-time customer sales. If you're an entrepreneur or business owner based in the United States or Europe and want to take advantage of this opportunity, then contact ROAS Expert today. Our growth marketing agency specializes in helping businesses achieve their revenue goals through data-driven strategies. Schedule a free strategy session with us to learn how we can help you grow your e-commerce business with the Shop Cash campaign and other effective marketing tactics. Don't miss out on this opportunity to increase your customer base and revenue!