In this video, I will be making the case that Wix (NASDAQ: WIX) is a better buy than Shopify and explain why Wix is much more than e-commerce. What is Wix? Wix helps you set up your website, online store, blog -- basically your digital presence. The main competitors are not just e-commerce websites such as Shopify and Amazon but also social media channels such as Twitter, Instagram, and Facebook. Because let's face it, do you really need a website if you're an influencer or freelancer? But if you're a small business or a business, the answer is yes. Business and creative solutions Wix users pay a subscription fee for access to creative solutions, the tools for creating and managing websites. This accounts for 79.2% of 2020 revenue. Business solutions revenue comes from Wix's marketing and CRM app (Ascend), reselling G-Suite products, creating and managing Facebook ad campaigns, and Wix Payments. Wix Payments was launched in 2019 and has grown to more than $50M in revenues in 2020 (very small compared to Shopify). Wix is not fully focused on e-commerce because that market is being won by Amazon and Shopify. Wix is focusing on everything else that goes digital. Not every online business is e-commerce. *Stock prices used were the closing prices of April 23, 2021. The video was published on April 23, 2021. 10 stocks we like better than Wix.comWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Wix.com wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of February 24, 2021 John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to its CEO, Mark Zuckerberg, is a member of The Motley Fool's board of directors. Neil Rozenbaum owns shares of Amazon and Shopify. The Motley Fool owns shares of and recommends Amazon, Facebook, Shopify, Twitter, and Wix.com. The Motley Fool recommends the following options: long January 2022 $1920.0 calls on Amazon and short January 2022 $1940.0 calls on Amazon. The Motley Fool has a disclosure policy. Neil is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.Source