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Shopify (www.shopify.com), the online SaaS eCommerce platform, today announced the launch of its second annual Build-A-Business contest (www.shopify.com/contest). The company is offering over $500,000 in winnings, including a $100,000 first prize, to inspire entrepreneurs to start an online business. To provide entrepreneurs with additional support, Shopify has teamed up with industry titans Seth Godin, Gary Vaynerchuk and Tim Ferriss to provide ongoing advice, education and encouragement to contestants. The concept is simple: think of something to sell, create an online store and then build your business.
The contest runs from May 1, 2011, to December 31, 2011, but participants can sign up any time as long as they’re selling for at least two months. The store with the highest grossing two months (non-consecutive) wins the grand prize, with six $20,000 prizes awarded to winners from designated categories: Apparel and Jewelry, Food and Health, Sports and Hobbies, Art and Photography, Home and Office and Other. Because of Shopify’s easy-to-use platform, previous technical or eCommerce experience is not needed.
“The prize money is significant, but don’t forget the spirit of the contest: to give a kick in the pants to all those people who have wanted to start businesses but haven’t,” said Tobi Lütke, co-founder and CEO of Shopify. “The real prize is having a business of your own at the end of the contest.”
Shopify, a company that is deeply rooted in entrepreneurial spirit, is committed to helping participants along the way by offering world-class marketing and sales tips through a special Build-A-Business website, which will offer knowledge and insight from its partners and sponsors, including Google, MailChimp and PayPal. Shopify has also built out significant prizes for the winners to help their businesses succeed long after the contest:
The winner of last year’s contest – which created nearly 1,400 businesses and generated over $3.5 million in combined revenue – was DODOcase (www.dodocase.com), a San Francisco company that makes iPad cases using traditional book-binding techniques. The founders, Patrick Buckley and Craig Dalton, are now running a company with projected annual earnings of $4-5 million.
“Our online store looks so good and works so well that our cases are flying off the shelf,” said Craig. “Without Shopify, there’s no way we would be where we are today. Shopify is our secret weapon.”
For more details on the Build-A-Business contest, including registration, please visit www.shopify.com/contest.
Shopify is an online SaaS eCommerce platform that allows individuals to create online stores. The platform currently hosts over 13,000 online retailers, including: Angry Birds, Amnesty International, General Electric, Tesla Motors, Foo Fighters, Beastie Boys, and Evisu Jeans. Shopify was founded in 2006 by two snowboarding enthusiasts who wanted to create a better way to sell their snowboards online. Shopify is located in Ottawa, Canada, and has over 60 employees. On December 12, 2010, Shopify announced the acquisition of $7 million in Series A funding from Bessemer Venture Partners, FirstMark Capital, and Felicis Ventures.