Running an E-commerce store - How Much Does It Cost?

You might guess many times how many does it cost while running an E-commerce website? There will not be any one-size-fits-all answer for you, no doubt. Because it totally depends on the platform you are using and your own requirements. 
After finishing the initial web development, it's high time to think about investing money to improve the experience of your online store. This action will cost you. However, it will give you many benefits in returns. 
So, you need to understand the basic knowledge about this issue of cost. And here below we will talk about it. 

The Maintenance Cost of a website:

This is the first term that you must deeply understand before setting up a site. Just take a trustworthy website development company or any freelancer responsible to take care of your site. Or, use a third-party service about the domain and pay for it periodically. 
As we all know all the websites need some changes after passing time, the one taking the responsibilities for it need to know when is the most suitable time. Then, update any occurred error. This maintenance, of course, will cost some more. 

The spent on the domain and hosting:

When it comes to the cost of domain and hosting, these two are the obvious expenses that you must tackle. No matter you are shaping the website on your own or assigning the task to someone else, you need a domain and a hosting to make the site launched and spread over the people. 
  • There are many e-commerce web design & development services available supplying domain. Thus, no need about how to create your own. If you are not clever at technology, you can pay a reasonable price and name the domain you like, then everything will be done for you. 
  • On the other hand, hosting is a bit different.  It's exactly a process which costs monthly or annually depending on various platforms. Some prefer annual hosting as it helps reduce their headaches of cost. However, it's still a big question of investing as the cost may go up to $500, $6,000 and $10,000 for small, intermediate and enterprise businesses.

Website design and development:

Many popular e-commerce platforms now require a periodical fee that needs for generating a professional presence of your business. Having no coding skill? Well, it may be a big problem for your money. An amount of money will be getting out of your pocket to others for doing the job of building your website, from the homepage to the landing page
If you are trying to create a website entirely on your own, try a builder tool for shaping and designing it right from the start. Build website yourself may cost you fewer although the expense for content creation, imagery costs, code fixing etc. are still in need. 
  • Website designing costs vary from different business structures: StThe small business may cost up to $5000 while it is $10000 for the intermediate ones. Last, it may get up to $35,000 for the Enterprises, such a big consideration. 
  • Programming development may cost 2,000 for small, $15,000 for intermediates and go up to $75,000 for Enterprises.
Understanding the difference between designing and development is something required. Taking a third party to create your e-commerce platform, or even your whole site is a good idea if you want everything looks professional. 

Third-party Integration:

Obviously, all e-commerce sites require payment methods, forms for customers' info, extensions to make your site more attractive, etc. Therefore, you need to set your site compatible with other third-party extensions or apps. 
Third-party payment integration is necessary for this internet world. No payment can be done without this kind of integration. Any transaction completed should be safe and secure. Thus, doing this integration while developing the site is a good idea. Of course, this integration requires the API purchase and will cost some money.
The API purchased is injected into your website through the codes and CMS. The integrations are less than development but it still cost up to $500, $8,000 and $20,000 for small, intermediate and enterprise businesses respectively.

Your store's necessaries:

Without the above costs, you need to spend some more on these following stuff: 
- Logo designing: It should be attractive and express your spirit in this business field. Includes some cost as this is an abbreviated face of your business. 
- Site navigation: Of course, you need a menu for your site. Don't let your site be a mess of stuff. Just organize it wisely. Set up a mega menu for the homepage is a great idea. An accordion menu for the sidebar and the verticle, horizontal for other pages. Some platforms already get built-in default menu like Magento, however, it's not customizable and it's a bit boring. The advice here is to tell your coder to set up a customizable one or buy a menu extension from other parties. 
- Content creation: Hire some writers who are professional in the products you are selling. The SEO algorithm is now no longer as same as before. It means you can not count on the backlinks to your page anymore. Google becomes more and more intelligent to figure out which is the best suitable product that the customers are seeking. Thus, use someone who really good at this job and can create attractive content to rank your site higher on the Google SERP. 
- The advertisement: As it comes to this term, no one can deny it's one of the key factors to boost your site faster. A paid advertisement on your home page, your landing page, and your flagship product page can get more traffic to the website. Thus, it improves your site performance if you do it in the right way. Finally, it costs, depends on the advertisers and your own marketing campaign. 

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After determining each individual’s approx costs, here is an around sum up of them. To own an eCommerce store is an investment so there should be no worry while investing some. However, it is also true that we should take some calculations before initiating the site. 
The average costs that a small, intermediate or an enterprise can go up to are $20,000, $80,000 and $210,000 respectively.
Any contribution? Feel free to let us know. 
Why don't share this with your friends cause they will need it! 

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