7 Factors that affect the eCommerce website cost
The cost of setting up an eCommerce website is influenced by a number of things. The cost of your eCommerce website is determined by the size, nature, and number of products or services your company sells.
The typical cost of developing an eCommerce site with 100-1000 products ranges between $5,000 and $55,000. There are a lot of elements that contribute to such cost variances that you should be aware of before making your budget.
Website features
Adding useful features to an eCommerce website is essential if you want your visitors/customers to find it quickly. You’ll need advanced functionality, such as shopping carts, speedy checkout processes, product detail screens, customer identity protection, personalization, and so on, in addition to standard capabilities. The cost, on the other hand, rises in tandem with the number of features and their complexity. Functionality development for your eCommerce website can cost anywhere from US$2000 to US$25000 on average.
Design
One of the most important components of all is the eCommerce website design. Because it is the first thing a potential customer sees when they come to your website. It must be stunning and convincing because it is the first impression they will receive of your company. Furthermore, you must guarantee that your eCommerce platform functions properly on both the web and mobile devices.
A responsive and mobile-friendly design for an eCommerce website could cost anywhere from $5,000 to $25,000.
API integrations
Many API integrations are required to complete and occasionally increase the functionality of an eCommerce website. Social media integrations for easy login, CRM integration for customer interactions, Google Analytics for analytical data, and so forth are examples.
Depending on the complexity of the integration, API integrations might cost anywhere from $500 to $5,000.
Payment processing costs
It’s easy, but not advisable, to disregard payment processing costs, which might have an indirect impact on your budget. The cost of payment processing is determined by the type of payment method you use, the currency you take, and the location in which your eCommerce platform is available. PayPal, for example, costs 2.29 percent plus $0.49 each transaction, whereas Stripe charges 2.9 percent plus $0.09 per transaction. —source.
Developers and their location
The price of software development services varies greatly between countries. In comparison to developers in the United States, Australia, or Western Europe, Asian developers charge less. As a result, pay attention to where you get your developers or development services. Developers’ average hourly rates in various countries:
United States: $100-$149
Western Europe: $55-$99
Australia: $100-$149
Asia Pacific: $25-$50
Maintenance
To keep your shop relevant and up to date with the newest trends, eCommerce platforms require ongoing maintenance, which includes improvements, bug fixes, and the addition of new functionality. Depending on how much time a developer devotes to your eCommerce website, it can cost anywhere from $600 to $12000 every year to keep it up to date.
Development costs: Who can you trust to keep your e-commerce website development costs down?
You have three choices when it comes to e-commerce website design and development. You can perform everything in-house, outsource the work, or hire a group of freelancers (freelancers). The ideal solution for your company is determined by your budget, timeline, and objectives.
