Ecommerce websites have expanded considerably in recent years, allowing users to shop from any location, at any time. As more businesses migrate to online platforms, more people shop online for anything from groceries to luxury items, and online sales continue to rise year after year. Ecommerce websites are among the top places to make money online, you’ll need to spend on professional eCommerce website design, web hosting, and other services.
Amazon has the largest market share, followed by major eCommerce sites such as Flipkart and Myntra, among many others. According to statistical projections, there will be approximately 2.14 billion worldwide buyers online by 2022.
According to Websitelearners, the Indian eCommerce market is predicted to expand from $46.2 billion in 2020 to a whopping $111.4 billion by 2025.
Considerations Before Launching an eCommerce Website
Here are some things to think about before you start developing your eCommerce website.
Initial Investigation and Niche Selection
If you intend to operate an internet business, choose a few products/services based on your specialised specialty and begin with a small number of them. With time, you can add more products to your eCommerce website.
Revenue-Price and Profit
To support further business growth, you must review the pricing of your products/services depending on the investment and recurring expenditures such as eCommerce site construction costs, site maintenance, and profit.
Marketing methods and ideas
You have a good internet store, and the next step is to make it visible. Every company wants to boost traffic, conversions, and brand visibility. In this day and age, you can use the marketing strategies and changes you know in cost-effective ways. Marketing tactics such as Social Media Promotions, Influencer Marketing, Running Offers, SEO, Ads & Brand Promotions, and so on can be tried.
Growth in the future
When planning to create an eCommerce store, keep future growth and scaling in mind. Your store will become more profitable and successful as it grows and gets more people. For example, you may wish to improve your servers to handle increased online traffic.
What is the cost of developing and maintaining an eCommerce website?
There are different methods for developing an eCommerce website.
- Hire an agency to do it for you.
- Develop a site from scratch by yourself
- Hire a freelancer to develop a website
Each of these methods has its own set of costs, benefits, and drawbacks.
Let us first look at the approximate cost breakdown of an eCommerce website, from design to development to maintenance, depending on the path you take.
The rates listed above are estimates and may fluctuate depending on your needs and preferences.
The costs of Web design in various methods are shown in the table below.
Note:
1* The high fidelity layouts will be submitted in form of psd, xd or figma file for the main landing pages of the website.
2* Small Business – WooCommerce, Virtuemart; Mid-size business – Magento Community edition, Shopify; Enterprise – Magento cloud and Shopify Plus are recommended
3* Small Business – Up to 5 plugin integration; Mid-size business – Up to 12 plugin integration; Enterprise – custom API integration and plugin integrations
4* Small Business – Hostgator, Bluehost, Godaddy; Mid-size business – VPS or dedicated servers of Hostgator, Bluehost; Enterprise – dedicated server or cloud servers are recommended. The price may vary based on the hosting provider’s price matrix.
5* Annual maintenance will be provided as per the maintenance contract agreed upon.
Elements/Factors in eCommerce Website Development and their Cost Impact:
- Domain and hosting for a website
A domain name can cost between 90 and 784 dollars per year, while a hosting plan can range between 200 and 1700 dollars per month. If you purchase the domain and hosting for a longer length of time, it may be less expensive, and you can also set your domain to automatically renew. You may notice a price difference across providers because some provide additional features and assistance for your site, whereas others may merely supply server space.
- The cost of design and theme
A catchy and attractive logo might attract more attention. Choosing a professional to accomplish it for you is thus the wise choice. A professional logo, on the other hand, can cost anywhere from $2,000 to $10,000.
- Website copy
Any website needs content and copywriting. Fortunately, an eCommerce website, unlike other types of websites, does not require a significant number of text-only pages.
Because it is an eCommerce website, proper and well-written product descriptions might help influence the user’s decision to buy. Well-written product photos and descriptions might help you rank better in search engines.
Hiring a skilled content/copywriter to moderate your website content in India would cost between $2,000 and $4,000.
How much does hiring an Agency/Website Development Company cost?
A high-performing eCommerce website necessitates ongoing maintenance, and an agency not only builds but also consistently improves on them. They routinely monitor your website, and if something goes wrong, they notice it before it becomes a problem.
A typical eCommerce website will cost between $35,000 and $80,000 with minimal features, and a premium website’s design and functionality will cost between $70,000 and $4,000,000. A custom-coded eCommerce website costs between $80,000 to $4,000,000.
Why should you employ a company to build your e-Commerce site?
You don’t just want a website that works; you want one that converts, keeps users intrigued, and keeps them coming back.
- It saves you time and allows you to focus on your business.
One of the primary advantages of working with an agency is that they have the knowledge and experience to assist you in developing the eCommerce website you require.
They take care of any potential issues that may emerge with a staff of devoted and trained professionals in every element, so you can operate your business without having to worry about the mechanics of your website.
- Accessibility to advanced tools and technology
Most companies find it difficult to invest in training and deploying new tools for their internal teams. With such tactics, it is impossible to predict the success rate. A full-service agency will provide you with first-hand knowledge of new products on the market. This can save you time and increase your marketing productivity.
- Search Engine Optimization and Unique
A search is the starting point for 93% of internet experiences, yet 47% of customers just look at the first few results. As a result, it is vital to be FOUND in order to thrive in the virtual world! If you have an e-commerce site, agencies can help you increase its authority and exposure in search results.
- It saves you money and sales.
Hiring an agency may appear to be pricey at first, but constructing a website on your own carries a significant risk. We risk losing money and sales if something goes wrong. However, when we employ specialists to build the site for us, they will take care of everything, and we can rest assured that our site will work properly and our customers will have a pleasant experience.
Bottom Line
The number of people who shop online will only increase over time. So, take your business online with a cutting-edge e-commerce website, reach a wider worldwide audience, and set yourself apart from your competitors.
It can be tempting to sort things out as you go when you first start developing your own website, but this is rarely a good idea. Your website must be professional, easy to navigate, score well in search results, and eventually produce results.
That is why we are here to help you achieve digital success.
So, if you’re ready to construct a magnificent E-commerce website that attracts traffic and sales, hire an e-commerce agency like Atlas SoftWeb and delegate website management to them. We can collaborate with you to design the e-commerce website of your dreams as a team with years of skill and experience! Contact us today!