- September 14, 2020 /
- Lalit Jain /
Estimating the cost to build an online shopping store equipped with advanced features and functionalities is a tough task. As we know, Amazon is one of the biggest online shopping store providing various products to customers in different countries. Jeff Bezos started Amazon by selling books initially and now Amazon has completed around 25 years and selling a variety of products from different categories.
The E-commerce industry is growing at an exponential rate. People need to go anywhere to purchase anything, be it the latest fashion, furniture for home or office, grocery, or anything, everything is just a few clicks away. In 2017, Amazon itself has around 300 million customers. However, there are many things behind the success of any online store such as the process of user interaction, design, and products.
In this blog, we have provided a detailed overview of the factors that will help you to know the cost of building a profitable online shop.
Web Design and Development
Website design and development is the most important factor that impacts the success of an e-commerce website. An interactive design and easy processing website make customers spend maximum time on the website. That’s why it’s imperative to focus on website design and development first. There are so many platforms to build e-commerce websites such as Magento, Shopify, Big Cartel, and 3DCart, etc. All these platforms offer myriad features and selecting the one among these depends on your project requirements.
Magento web development platform is widely used because of its out-of-the-box features. A few of them are listed below:
- Compatibility with 3rd party software/systems/APIs
- Multi-store support
- Multi-currency and language support
- Mobile responsive
- Highly secured and robust
Costing for the design and development of the website would be about 20000$-30000$. All costing depends on attractive UI (User-Interface) design, custom theme design, and fully functional back-end development.
We are living in the generation of smartphones, there are millions of mobile users worldwide. From gaming to messaging, shopping to handling business, everything can be done via smartphones. That’s why it is imperative to build mobile apps that run well across all devices.
The costing of a mobile app for your business would cost you about 20000$-40000$ based on the app design and app features you want. More features in-app will make the cost higher.
There are different types of web hosting such as dedicated hosting, VPS hosting, Cloud hosting, and shared hosting, etc. All hosting services have different-different costs.
- Shared hosting will cost you about 5$-15$ per month.
- Dedicated hosting will cost you about 100$-300$ per month.
- VPS hosting will cost you about 20$-80$ per month.
- Cloud hosting will cost you about 10$-250$ per month.
All costing price depends on the hosting provider and service type you choose.
Text and Graphical Content
The online shopping website is all about content and beautiful images. The products and services should be well-displayed with rich content and attractive images. Also, it is recommended to continuously update the website with unique content and products so that your site achieves good website ranking.
The cost would be about 3000$-5000$ per year including text content, graphical content, and SEO services.
Maintenance and Security
Developing an e-commerce site is not enough. Maintenance and Security are also important to keep the site healthy. Ecommerce stores need regular updates, encrypted server, vulnerable web pages, to avoid worse situations like hacking and customer fraud. Customers should feel confident while sharing personal information and making financial transactions.
If we discuss the costing then an average costing of maintenance and security would be about 10000$-12000$ per year. Costing depends on the hiring of a security analyst or a cyber-security company.
The payment gateway is the final step a customer encounter to make a final purchase. The website should offer multiple modes of making payments like debit/credit cards, UPI payments, and payments via different wallets. If you are targeting more than one country then it is necessary to provide multiple currency options.
Sometimes, business requires a currency conversion feature that will increase costs. But on average the payment gateway integration will cost you about 400$-500$.
Overall, If you are going to build an e-commerce store then the average cost would be 70000$-80000$. The costing can be less with some fewer features and can be higher with more features and functionality. Contact us to get more insight about the cost to build an online shopping store.