Calculating the cost of an E-commerce website

 

Moving your business online can have many benefits, from making it easier for your customers to visit your site to increasing search engines by using appropriate platforms for your website.

But what does it take to shift your business to an e-commerce store? The following article presents the different costs that come when moving your business online.

The platforms for calculating the cost

When analyzing the total cost of your ecommerce website, several factors need to be checked, one of which is the platform selection. Some examples of these are:

1.      Magento

2.      WooCommerce

3.      Shopify

Design costs

The first step in building your website is deciding on its design. Setting up your website can be pretty overwhelming, especially with the sheer number of options present. The good news is that many websites offer customizable and self-designing options.

·         Magento has its themes when it comes to designing the website. Also, premium themes can be availed by paying an amount of about $100-$500.

·         WooCommerce, as a plugin of WordPress, has thousands of themes, plus they can be purchased and customized too, with a price range of $20-$1500.

·         Since Shopify is a paid platform, its features can be on the expensive side, roughly about $120-$5000. It also has a custom ecommerce website development plan presenting some custom options.

Web hosting costs

A reliable hosting provider can save up your time and your users' by speeding up the website and managing traffic there.

·         Magento and WooCommerce are self-hosted platforms, which means whatever hosting provider can be chosen. Cloudways is a good option for these plans, giving a $10-$80 price range per month.

·          Shopify doesn't allow this freedom, as their hosting programs are your only option. Their costs fall in the $30-$300 range.

Payment costs

Different programs have different price ranges when processing payments; some also charge transaction fees with each amount.

·         Magento offers both online and offline payment methods. You can choose PayPal, Braintree, and other processors as they are supported on Magento. However, when integrating API, a small fee goes to the developer.

·         WooCommerce offers over 100 payment processors with a regional payment system for small businesses. PayPal and Stripe charge a transaction fee of about 2.9-3%.

·         Shopify has its payment system, charging a transaction fee of 2.9%. Some other gateways are also supported, like DigiPay, Amazon Pay, etc.

Additional costs

Platforms cannot provide all the essentials needed to build a website. Plugins are necessary too!

·         Magento offers extensions that range between $49-$999, depending on their features.

·         As WooCommerce is a WordPress plugin, it offers the highest amount of add-ons—free and paid, costing $20-$300.

·         Shopify not only has free and paid add-ons but also offers a custom app for $5000.

Final thoughts   

Magento, WooCommerce, and Shopify are some of the best platforms for calculating ecommerce website development costs along with others. There’s no hard and fast rule on what to choose; it all depends on you and with what plans you want your website to work!

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