As we all know that eCommerce changed business but the age-old question is the cost! To be honest with you, accurately estimating how much you need to spend on building an e-commerce website is a mystery. An E-commerce website cost varies widely depending on the feature/ sophistication you want to have. So, your price will depend on your needs and requirement. However, since you are already here, looking for an answer, as a custom eCommerce website designing company, we think we can give you some pointers to evaluate the cost of developing your e-commerce website.
Below are the top 5 things you must consider when doing your research for a solution and related expenses:
Customer base: How many users will visit your website? This is a question you must consider prior to estimating your expenses. Why? Because the expected traffic will determine the program & platforms to be used. A small shop with low traffic will be more affordable than one with higher visitors. When you have a large volume of traffic you will need dedicated hosting and you have to go through frequent maintenance updates to run the website smoothly. All of this requires more work hour and expert professional thus knowing your traffic volume is crucial to calculate the proper estimate.
Domain name: Your domain name is your identity. To start your e-commerce business, you must acquire a website domain name first. A domain is really affordable. You can find domain name vendors like GoDaddy are offering domain name as low as at 99 rupees!
The Cost of Hosting and Security: An e-commerce website collects user data to better serve their clients. This means you as the owner of your e-commerce business, you are obligated to, offer the best security and privacy to prevent any data leakage. Talk to your selected vendor about their security measures. make sure you compare prices and SLA (Service Level Agreements) before getting into any agreement.
E-commerce website design pricing: The overall design of your e-commerce website is a crucial factor that can determine your business success. If your e-commerce page looks old and dull, you will lose your clients left and right. To make sure this doesn’t happen, you must acquire a design style that matches your brand. A simple website theme looks better, costs less and functions the way you would expect. If you have limited funds, we as custom website development company would suggest you acquire a simple design at the beginning and then migrate to higher-end/ world-class design when you have enough funds to allocate.
The Cost of Financial Transactions: Finally, we have payment processing. More than 70% transaction of e-commerce websites happens through a payment gateway. To operate an e-commerce business, you must have a shopping cart solution and a merchant bank account. Payment gateways and shopping carts are generally low-cost in terms of an upfront investment. However, ongoing transitional charges range between 1 to 5 percent based on the amount.
As you can see, there are many things to consider building an e-commerce website. If you want an affordable solution, there are many off the shelf options are available. However, if you are looking for better customer engagement and performance, consider building a custom e-commerce website by professionals like Unicode Solutions. Though the cost will be a bit higher, however, you will get the return and more within months.
Do you have an idea in mind of an E-commerce project?
We’ll be glad to discuss your website idea with you and present an accurate e-commerce website development quote together with expert consultation by the business analyst and software architect.