Taking the first step matters a lot, whether you are doing so to launch a platform, enhance a platform, or entirely change a platform. Because a wise person knows that if they mess up in the first place, it would be no easy feat to take the concerned project to the right destination and that too in the expected timeframe. Thus, the result? Heavy monetary loss and humongous time waste! And if you can interpret it well, that leads to business failure in most cases. Now we want to know if you are also planning to begin something. Do you also want to establish an online business of your own? If yes, a long-standing eCommerce development company can assist you.
But how? You might ask. Well, they will create a user-friendly and aesthetically appealing cloud-based trading website for you to sell your preferred goods and services and mint a huge amount of money. But the question comes, is that an easy job to do? Especially when you have a brick-and-mortar store at the moment? If you heed the viewpoint of the most trusted eCommerce development services provider, doing this is not an uphill battle if you keep certain things in mind. For example, before putting your business online, please have a good idea of the expenses your potential project will invite.
And let us clarify that we are not just talking about the site development expenditure but deployment and maintenance too.
So, now the query arises, how will you know how big or small the dent you need to put in your pocket to build a full-fledged eCommerce website? This prose has the answer. Therefore, let’s begin with:
What Are Some eCommerce Statistics Revealed by An Ace eCommerce Development Company?
- The total cost required for making an eCommerce website ranges between $30 to $10,000, depending on the needs and preferences of your business.
- Small to medium-sized organizations spend around $4,500 to $15,000 annually on branding, whereas large businesses spend between $30,000 to $80,000 annually.
- Small to medium-sized eCommerce brands invest approximately $1,000 to $10,000 monthly to fulfill their marketing needs, whereas bigger ones averagely invest nearly $5,000 to $15,000 each month.
- New entrepreneurs often avoid payment gateways just because they don’t have enough experience. But the truth is payment gateways can imperatively affect your ROI, especially your profits and your conversion rate.
So, if you see a massive scope of making money in building and operating an eCommerce site, it is a smart decision to organize a formal meeting with an excellent eCommerce development services provider and ask them to provide you with a gorgeous-looking trading site.
An Ultimate Guide on eCommerce Website Cost, Created by a Top eCommerce Development Company
1. Your time is cost
Yes, you must know that! For example, taking advantage of “off the shelf” eCommerce software like Shopify to establish your online store will save you a lot of time. Wondering how? Well, according to a leading eCommerce development company, it eliminates the need to spend time on:
A . Connecting various programs
- Forming checkout carts from scratch
- Customizing all the product pages
As a result, you can invest your precious time in filling out a pre-designed theme. In addition to that, dedicated eCommerce platforms will also offer you maintenance support to keep your trading site live and running.
Thus, as far as estimation is concerned, a basic eCommerce site can consume a minimum of 100 hours to construct it from scratch, while an enterprise-level site can take more than 200 hours without factoring in the time required for adding individual items to the listing.
2. Web Hosting cost for your product-selling site
Besides what you learned above, you need to reserve some money to pay for some behind-the-scenes architecture of your website. It includes:
- Domain name - the web address where your site will be available
- SSL certificate - the security certificate for your website
- Web hosting - the storage where your data is kept
Now the fee to avail these services could fluctuate depending on the eCommerce platform you decide to utilize. A case in point according to a trusted eCommerce development services provider is that some SaaS solutions entail hosting and you can buy your domain name through them, such as:
- Shopify
- BigCommerce
On the other hand, some self-hosted solutions will need you to stump up for a separate hosting solution, like:
- WooCommerce
Additionally, such solutions also need deep technical knowledge for deployment purposes as you will require to install the eCommerce software on your server.
The expense for small to medium-sized entities is like this:
- Domain name: $10 to $20 every year
- Web hosting (Self-hosted): $2.99 to $200 each month
- Web hosting (SaaS solution): $29 to $250 per month
3. Software cost for your trading platform
As per a premier eCommerce development company, each eCommerce site has similar elements, like:
- Product pages
- Checkout pages
- Inventory management carts
Since fabricating these features from the beginning requires a lot of time, skill, and effort, most eCommerce agencies count on a SaaS solution specifically built for trading portals.
As far as most minis to medium-sized establishments go, they need to opt for some popular eCommerce SaaS solutions commencing from $20 per month and staying below $30 per month. For example:
- Wix
- Shopify
- BigCommerce
The best part of these solutions is that they contain various plans depending on your sales volume and desired features. So, you can pick whatever fits your bill.
- Design cost for your eCommerce website
Now that you have decided whom to host your eCommerce site with, it is time to make it look as nice as possible. This includes:
- Choosing an awesome layout
- Upgrading the branding
- Uploading the glamour shots of your commodities
- Shaping the overall flow of your portal
Now you can either exploit an existing theme or template or custom design your eCommerce website to make your online shop stand out.
The experts of a cutting-edge eCommerce development services provider state that low-cost design will make you splurge something around:
- Site design - $0 to $250
- Customization fee - $1,000 to $5,000
The high-cost design, like a custom design, will set you back by $5000 and more.
5. Payment processor cost for your goods-selling portal
Although many do not consider this cost initially, we suggest including this charge in the planning phase. Different platforms come with different processing options, each focusing on a distinct cost:
Below you can take a glimpse of some famous eCommerce sites’ payment processing software:
- Paypal or Stripe for BigCommerce: Between 2.4% to 2.9%, based on your plan + $0.30 per transaction
- Paypal or Stripe for WooCommerce: 2.9% + $0.30 for every transaction
- Shopify Payments for Shopify: From 2.4% to 2.9% + $0.30 for the Basic Shopify plan and 2.4% + $0.30 for the Advanced Shopify plan. On top of that, an extra 2% per transaction for 3rd party payment gateways
If you need more clarity on which payment processing program to pick to manage your website or Mobile app development cost pretty well, you can always contact the dedicated representatives of the topmost eCommerce service provider.
OTHER COSTS:
1. The SEO cost to make your eCommerce portal visible online will range between $2,500 to $10,000 monthly.
2. The content cost will be included in the SEO package you opt for, as you need compelling blogs and articles to market your offerings.
So, how much does a trading portal cost overall?
If the words of a prominent eCommerce development company are to be believed, your total cost for a new eCommerce website will remain between $50 to $3000 per month + setup fees.
Parting thoughts
Now if you want to build an eCommerce website or app as early as possible for your brand, there is no better time than now to reach out to an award-winning eCommerce development company.