What is The Total Cost of Developing an eCommerce website with Complete Features?

What is the total cost of developing an eCommerce website with complete features?

Due to advancements in technology and increased internet usage, an eCommerce website has become one of the most reputed business industries. According to the statistics report of e-commerce, the industry produced a revenue of 3904 million in 2020. And the prediction is that The E-Commerce industry will produce 7000 million by 2025. All the people are now moving towards E-Commerce to start their business because of the huge revenue ratio. I know what you imagine right now. You wanted to see the cost to start your E-Commerce business. This article aims to know what e-commerce development is for a website to make it a successful business.

Domain and Hosting Costs

E-commerce business, firstly, you need to buy a domain, for instance, www.yourbusinessname.com. You are required to purchase this name. After Purchasing the domain name of your website, the next step is that you have to buy the hosting via the server on which your website will run. Likewise, there are three types of hosting basic(shared), business plan, and premium hosting. To your requirements, you will select the hosting plan. Normally the hosting plan started from $2 to $300 per month.

Payment Gateway

Not the most common mistake that beginners make is that they do not care about payment processing costs. But naturality impacts your business revenue. Sometimes our payment gateway cost is more than your profit, and also, it’s minus from your profit.

WOOcommerce with Paypal cost you 0.30$ for every transaction
Shopify charges you 2% per transaction for the third party and 30 euros monthly subscription
Commerce cost you around 0.30$ per production

Development Cost

A static website does not require any proper functionality. Meanwhile, an e-commerce website is one that requires a lot of functionality to work properly. For the designing and development of your E-commerce website, you need to hire frontend and backend developers. Love for the uniqueness of your website, you need to hire a designer. The cost of the website depends upon the company or the designer you are hiring. If you hire a freelancer, it will charge you per hour. However, the estimated development and Design cost of an eCommerce website is between $100 to 5000 dollars depending upon your requirement. co of

Plug-ins and Add-Ons Cost

For every e-commerce website, it is not possible to develop all the features you are required to. Even if the platform will do so, the site will be messy. Hence to fix the problem, you need to purchase the E-commerce website plug-ins and add-ons. Otherwise, your website will not be according to your requirement. The estimated cost of plug-in and extensions is around $50 to $1000.

Conclusion

After reading the above discussion, I am sure that you now have an idea how you will start your eCommerce business. Likewise, we also tell you the estimated total cost of e-commerce under various platforms. A functional and customized eCommerce website with all the required features will cost between $499to $4999.

Moreover, Keep one thing in mind: the website development cost started from 499 dollars in rupees with the number of extensions and features. In other words, the more features and extension means the price increases.

Pro Tip: If you are a beginner with a limited budget to start your E-Commerce business, then go for a website with the basic functionality at the starting point. as your business grows, you can customize and style your website

On the other hand, if you have enough revenue to start your business professionally, I will suggest you not compromise on the website. The website you will develop must have the advanced features and add-on to grow your business and achieve your goal.