How Much Does an eCommerce Store Cost?
The decision to open an online store has been made by several businesses this year. Shoppers use the Internet for a range of reasons, including shopping online. Global retail eCommerce sales in 2019 reached $3.53 trillion, according to Statista, and online retail sales are expected to top $6.54 trillion by 2022. However, going online comes with costs. As we continue to explore what you should consider before making any decisions, we'll also examine how to calculate the costs of your online store. 1. Domain Name Buying a suitable domain name will enable users to access your online presence, which represents your brand. We recommend Bluehost or GoDaddy, among the many domain name registrars. Pricing: Its costs start from $8 per year. 2. Hosting
Keeping your website live is what hosting is all about. Without hosting, your website cannot be accessed. Prices vary according to the complexity and load of your site. Choosing the right type of hosting can also influence your results: 1. 2. 3. 4.
Shared hosting VPS hosting Dedicated hosting Cloud hosting
Pricing: The cost varies from several hundred to a few thousand dollars per year. 3. Paid tools Each tool you choose for design and development has its price. A SaaS solution for high-quality web store development may cost as little as $20—$30 or may even be free. Likewise, Magento Enterprise, an open-source package with many customization and configuration options, costs around $5,000. Pricing: Widely varies, ranging from $20 to $5,000. 4. Web design for eCommerce It is easy to win the hearts of your customers with an appealing and intuitive design. A creative team is essential to your future success. Wireframes and User Experience design are usually the first steps in the process. Your eCommerce website design cost will increase if you want a complex and unusual design, as well as animation and visual effects. Pricing: It costs between $2,000–$8,000 5. Building a product The process includes front-end and back-end construction. Front-end The complexity of the interface and the technologies used to affect the price as well. Comparisons can be made between JavaScript frameworks like Vue vs. React vs. Angular. Pricing: Costs between $3,000–$10,000 or more. Back-end
It takes more labor and time to build; it's often unseen by users. To make the system work properly, you cannot reduce costs on the back end. Pricing: Between $5,000–$20,000. 6. Testing specifics Test carefully and invest in quality assurance and quality control to make sure you create an impeccable solution. Pricing: $2,000–$5,000 A company or landing page won't be so expensive, but eCommerce software may be more expensive because of a greater number of essential features: 7. Basic features There are certain sections of your website that you cannot avoid including in your pages, such as user profiles, shopping carts, checkouts, filters, listings, reviews, and analytics. In general, all advanced features increase the development price. This functionality usually requires a minimum eCommerce website development cost. Some advanced features are:
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Payment gateways Integrations Chatbots Augmented reality Migration to mobile
8. Product promotion stage Our eCommerce website price list will now include a few different types of expenses. SEO Keeping your head above the search engine ocean is the key to website promotion and optimization. Pricing: Between $300–$1500 per month. Content marketing
A well-written article, tutorial, insight, etc., can increase your customers' trust and positively impact your reputation. Pricing: Costs between $50–$200 per article. Advertising As the price is entirely dependent upon the following factors, we cannot estimate it with any accuracy: ● The type of advertisements, such as social media ads, pay-per-click (PPC) ads, Quora ads, and Gmail ads; ● Publications in local magazines, mentions on TV, your e-commerce website, etc.) that you use for advertising (your website, Facebook, Instagram, etc.); ● Click-throughs, for example, are the number of people who visit your website through advertisements. 9. Maintenance stage Throughout the lifecycle of a website, you will need to perform constant improvements, updates, and bug fixes. The cost of support depends on the amount of time an engineer spends on your product. Pricing: $600–$12,000 annually. Concluding Thoughts!! With the right features and specifications, you can launch an eCommerce site for less than $1,000. Because an online store has different aspects, you can pick and choose the items you desire and only pay for them. The initial price tags and the ongoing costs won't surprise you when you deal with the work ahead of time. You can reach a wider audience and boost your sales by putting your business online. Consider your business's needs and determine whether the investment is worth it.