SHOULD YOU BE CONCERNED ABOUT ECOMMERCE DEVELOPMENT COST?

The first step in selling online is to create an eCommerce website. It can be used as an addition to your brick-and-mortar business or as a separate business endeavor. Many companies today want to launch an online presence, but they are having trouble locating tools or services for cost calculators for eCommerce websites. As a result, the eCommerce development cost, particularly for small businesses, maybe a burden.

1. THE COSTS OF ECOMMERCE WEBSITE PLATFORMS

The eCommerce development costs vary according to their level of service, the type of software they offer, and out-of-the-box features. When starting an eCommerce store, picking the right platform from the available options is crucial.

There are a lot of options out there for you to choose from, from free-to-use (Woocommerce + WordPress) to thousand dollars eCommerce platforms (Magento).

Figure 1. Choosing an eCommerce platform affects the most to the development costs

Anyone can use Magento Open Source for free to build an eCommerce website. You are welcome to experiment with the coding on this open-source platform, which is free to use. A premium version of Magento eCommerce that costs more than $20,000 a year is available instead. Because it is an integrated platform, the Magento eCommerce platform is more expensive than the Magento open-source version. Businesses can use Magento eCommerce to get self-hosting from Magento Commerce Cloud, eliminating the need to find a third party to host their websites. Additionally, the Magento premium version offers a number of important extra features that can enhance the functionality of your website without requiring you to purchase any additional extensions or add-ons.

2. COSTS TO HAVE WEBSITE HOSTING

To create an online store, you have to find where to store it on the Internet and pay for it. And the cost of hosting an eCommerce website is determined by the size of your website, the number of visitors, and the web hosting companies…
Amazon is one of the most popular website hosting companies. An effective and affordable website hosting service is Amazon Web Service (AWS). Thanks to its scalability, AWS can store all the information and data for eCommerce websites for small businesses as well as very large ones.

Figure 2. A reliable website hosting helps your business always run

You might find it more affordable with these packages since some SaaS platforms, like BigCommerce or Shopify, offer cloud hosting that may be included in eCommerce website packages, which is helpful in reducing the overall eCommerce development cost.

The average cost of hosting an eCommerce website on a safe, dedicated server could range between $80 and $1800. But if you have a WordPress website, you can use shared hosting, which is much more affordable.

3. COSTS OF WEBSITE DOMAIN

Domain costs are ongoing, so you must renew them after a certain period of time. You can choose to spread out the cost of the eCommerce website over a number of years, though, to save time and reduce overall eCommerce development costs. A domain name costs between $10 and $15 per year. The typical cost for general terms is that amount; however, if you need something special, you might have to pay more. Keep in mind that a short domain is almost certainly going to cost more money than a long domain.

4. COSTS TO PAY FOR YOUR ECOMMERCE TEMPLATE

Because it takes a lot of time and money to build a website from scratch today, you do not need to hire a website design company, so you can save on eCommerce development costs. Instead, you can create a more time-efficient and cost-effective website by using a variety of pre-built eCommerce website templates from a website service development company.

Nearly all providers of eCommerce platforms offer their own website templates, either for free or at a cost.

Figure 3. You can choose a website template to save the design time and costs. The cost of a premium eCommerce website theme, which you should choose if you want to create a high-quality website, can range from a few dollars to thousands of dollars.

5. SOME ADD-ONS AND EXTENSIONS ARE NOT FREE TO USE

Similarly, many website developments include add-ons or extension support, allowing you to create a fully functional website.

You may find some add-ons or extensions written by website development companies and ready to use for the custom feature or function on a website. Some of the available extensions and plugins are very secure and helpful, but others may be poorly written.

A great eCommerce website provider must spend a significant amount of time writing code and testing functions in order to design reliable, secure extensions. As a result, some custom add-ons and extensions may be expensive.

However, finding a good extension for your site is important because bad extensions can break your site and the core system. Then you have to pay more later for your eCommerce development cost. Whatever you choose, you must first define your requirements and then decide which options are best for promoting and growing your website.

The average price for valuable extensions is likely to be between $50 and $250.

6. THE COSTS OF MOST POPULAR ECOMMERCE WEBSITE PLATFORMS

6.1 MAGENTO

Development & Design Costs: 

• Magento is an open-source platform that makes it simple to customize themes. Each Magento theme includes fundamental features such as a responsive website layout, simple installation, and compatibility for many languages. Yet, the platform also allows you creative control, allowing you to install themes using Composer or by manually uploading the files.
• If you don’t have the time or knowledge to build a custom theme, you may purchase one from a third-party store such as ThemeForest. The price of a good Magento 2 theme starts about $99, however it can go higher depending on the features and intricacy of the design.
• Hiring a developer to build a bespoke theme is the best alternative. The prices for design are anticipated to start around $500, depending on the extent of customisation required.

Payment Processing Costs:

• Magento 2 has three payment gateways by default: PayPal, Authorize.net – AIM version, and Braintree. Each of these payment gateways costs a transaction fee, which can quickly mount up, especially if you have a big number of transactions.
• If you want to connect PayPal, you will be charged 2.9% + $0.30 for each transaction made through your site. If you have a high monthly sales volume, this cost might add up quickly.
• Authorize.net – AIM version likewise charges 2.9% + $0.30 for each transaction conducted using their platform, as does Braintree.

6.2 WOOCOMMERCE

Development & Design Costs: 

• WooCommerce is an open source WordPress plugin that is completely free to use. For those who are unaware, WordPress is one of the most popular website builders in the world.
• You can design all types of product pages and landing pages using WordPress page building plugins that include drag and drop features.
• There are literally dozens of different WordPress themes to pick from, such as Astra, OceanWP, and Neve. Moreover, any WordPress theme may be modified to function with WooCommerce.
• In terms of pricing, some WordPress themes cost less than $20, while others cost hundreds of dollars. It is mostly determined by the amount of customisation desired and the features required. Yet, there are various third-party platforms that sell discounted themes as well.
• Nevertheless, if you pick WooCommerce, you won’t have to spend as much time configuring the theme.
• Bespoke themes are more costly, with prices beginning at $1,500. Some enterprise level themes might cost more than $30,000.
• If bespoke design isn’t your thing, there are a plethora of web design services to choose from if you want someone to properly construct your website.

Payment Processing Costs:

WooCommerce is also open source, and supports more than 100+ payment gateways. They have a host of extensions available on their platform that you can choose and integrate on your website with ease.

In fact, they even have support for regional payment providers, which is excellent for smaller eCommerce websites targeting customers in specific geographical locations.

Some of the major supported payment gateways include:

• Amazon Pay
• Stripe
• PayPal
• Braintree
• Affirm
• Authorize.net
• PayFast
• WooCommerce Payments
• eWay

Since the list of payment gateways compatible with WooCommerce is too long, I’ll just share with you the most commonly used payment gateways in the United States and their associated fees in US dollars:

• PayPal charges 2.9% plus $0.30 for transactions that exceed $10 in value.
• Stripe charges 2.9% plus $0.30 per transaction.
• Authorize.net charges 2.9% plus $0.30 per transaction and an additional monthly fee of $25.

6.3 SHOPIFY

Development & Design Costs: 

• Shopify offers a variety of free and premium templates, with the pricier themes being plainly more intuitive and packed with more functionality.
• As compared to the hundreds of WooCommerce themes available or those for Magento, which is totally open-source, the amount of Shopify themes accessible is far lower.
• The pricing of a Shopify theme varies based on the amount of customisation and functionality you desire. A pre-built Shopify theme may cost roughly $120 on average. Custom development and design, on the other hand, may rapidly mount up in price.
• A unique website theme can cost up to $5,000, without counting any website development charges. Costs might surpass $25,000 in more complicated scenarios.

Payment Processing Costs:

• Although Shopify has its own payment gateway, there are various more choices open to you. Amazon Pay, Katapult, Skrill, Stripe, DigiPay, Coinbase, Braintree, and Bread are among the payment processors supported by the firm.
• It’s crucial to understand that Shopify charges 2.9% + 30 cents for each Shopify Payments transaction. For all other gateways, the corporation charges a 2% fee on each transaction, in addition to any processor fees.

SUMMARY

The eCommerce website offers a wide range of products to choose from. However, determining the exact eCommerce development cost of a website is difficult. The price varies, and each website has different functionality and features that the web developer must work on. Without knowledge of website development services, it takes time and money to find the right one.

Source: Internet

https://www.edesk.com/blog/ecommerce-website-cost/

——————————

L4 STUDIO – LEADING SOFTWARE DEVELOPMENT COMPANY IN VIETNAM

Website: https://l4studio.net/

Email: hi@l4studio.net

Phone: (+84) 28 6675 6685

Our Mobile App Development Services: https://l4studio.net/mobile-app-development/

For more exciting blogs: https://l4studio.net/it-knowledge/

Follow us at: https://www.facebook.com/L4Studiovn/

Read more: WHY IS SUCCESSFUL WEB ECOMMERCE DEVELOPMENT CRUCIAL FOR YOUR ONLINE BUSINESS?