Online eCommerce services will grow to $6.5 billion next year. Retail and eCommerce software development services are in high demand, and retailers are scrambling to find the right team to support their ambitious growth trajectory.
In this article, we’ll examine the cost of ecommerce software development services in detail so that you can budget accordingly.
How Do You Calculate the Cost of Retail & eCommerce Software Development Services?
The cost of your e-commerce software solutions development will vary a lot, depending on whether you will be e-commerce only or combine an online store with a bricks-and-mortar store that may include click-to-collect services and other on- and offline elements.
Whether you are a well-established business with payment partners and an existing website or a start-up that has to build everything from scratch can also impact your total cost. You have to budget for eCommerce software, domain names and hosting, an SSL Certificate, payment processing, add-ons, themes, designs, UI/UX, and of course, your eCommerce software developers themselves.
What Will A Custom eCommerce Development Company Charge For?
Hiring a team of developers to build an eCommerce site from scratch is expensive, but you will need their expertise to create and run your successful eCommerce business. You could purchase out-of-the-box eCommerce solutions, but these aren’t always easy to implement and are very limited in terms of features.
You can save some money by offshoring your e-commerce applications software development to a country like Ukraine, where developers charge a third of the price that US/UK developers typically do. (It will also remove the need to buy your own equipment and software for the development team).
The agency will supply:
- Back-end web development
- Front-end web designs
- UI and UX design services
- Mobile app design and development (if applicable)
- Custom Software development services
- Maintenance
A developer in Ukraine will charge anything from $30-$50 per hour, and developing a site can take several weeks or months, depending on the complexity of the website. A very simple site can be built in a matter of days, but if you want a more complex site with rich features like reviews, loyalty programs, and video, you will need several weeks.
You may also need your developers to integrate or build an inventory management system for you to keep track of orders, which can be expensive. It’s usually best to handle shipping and inventory through a third party, but you will need to integrate with their system, which can take up valuable developer time.
Ongoing Costs
Your development costs are going to be your biggest upfront expense, but you will also have monthly and annual fees (as well as transaction fees) to contend with.
You will need an SSL certificate that can cost up to $70, a domain name cost of $20 per annum, eCommerce hosting fees ($80 – $400 per annum) and other regular charges.
This includes the cost of backing up your data. You have to keep customer data safe, but this comes at a price – usually based on the size of your files. Speaking of safety, don’t forget the cost of security software. This is usually monthly and subscription-based, but your development team can provide some advice about it.
Conclusion
It’s entirely possible to build a simple eCommerce site from scratch for a few thousand dollars, but if you need more features and scalability, it can be considerably more. Finding the right custom eCommerce software development company will be the first step to your success.
You need to find an affordable provider of retail & eCommerce software development services that will be thorough and fair in their dealings with you at all times.