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The easy_install command will install the module for Python2.4. You are likely using Python2.6 or Python2.7. If you are using Python2.6, enter:
easy_install-2.6 ShopifyAPI
instead of easy_install ShopifyAPI
.
If you are using Python2.7, enter:
easy_install-2.7 ShopifyAPI
insead of easy_install ShopifyAPI
.
You can read more about using easy_install on Webfaction here
After installing the API, restart your Apache instance and it should see the module as expected.
Source:stackexchange.com