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Ecommerce Website Cost: How To Build A Profitable Online Store?

By August 20, 2020No Comments
how much does it cost to build an ecommerce website and how to build your successful online store by agiletech software development company in Vietnam

How much does an eCommerce website cost?

Building an online store websites has become quite popular these days. Not only be the source of income, such platforms also increase the profitable of your offline business. That’s why so many entrepreneurs are figuring out how to build an E-commerce site that every customers want at no extra cost!

According to Grand View Search, the global e-commerce market size was valued at USD 9.09 trillion in 2019. It is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2020 to 2027.

And now, during COVID-19 pandemic, the global eCommerce market has seen impressive year-over-year gains.

Are you ready to join this emerging industry? May the E-commerce website price be too high? No problem at all! In our article, we will be getting into very detail on how to build a successful e-commerce business from scratch.

Keep reading: Cost To Build An Online Marketplace: How To Create Successful Website!

Ecommerce Website Cost: Factors To Consider

Depending on the platform and technical requirements, the budget of eCommerce website development can vary. The better you understand what you need, the more reasonable the price will be.

We will help you know how to plan your budget and save money without losing quality! So let’s take a look at aspects that that directly affect website development cost. 

  • Vendor type (such as in-house, outsourcing, freelance) or vendor’s location, portfolio, etc.
  • Domain name and website hosting
  • Number of website functionalities
  • Complexity of website design
  • Marketing and SEO
ecommerce website budget and ecommerce core features that influence website cost

How Much Does It Cost To Design eCommerce Website?

Web design is one of the most significant factors in e-commerce development price. The price of designing an eCommerce website is different from vendor to vendor as well.

Therefore, we can’t give a specific web design price. Because it all depends on the customer’s business financial capacities and plan.

Typically, we can define main factors that influence the total cost for the eCommerce website design:

  • Number of web pages.
  • Ecommerce UX design for buyers and paying customers.
  • Templates and themes to apply to an ecommerce project.
  • Level of customized design to fit the individual site. 
  • Website responsiveness for mobile devices and tablets.

Generally, there are two ways to design an eCommerce website:

  • Develop a custom unique design
  • Purchase a ready-made design template

To choose which is the best option, firstly, you should consider your financial.

Ecommerce Website Templates For Your Online Store

Advantages of custom eCommerce themes:

  • Pre-made eCommerce templates are available at affordable rates.
  • On the other hands, even some templates at high cost are usually under $100.
  • They can fulfill all your requirements.
  • Such templates do not require any development time and can apply right after you have purchased them.

Top E-commerce website templates

You can find out more on Themeforest and Envato Elements. Here’s a look at some of best-selling, most popular site templates trending right now:

However, when choosing ready-made eCommerce website templates, there are many questions arise. What’s their support like? Is there code clean? Do they chase the optional ecommerce development best practices?

If you are still confuse, choosing custom design templates may be a good idea.

Develop A Custom Ecommerce Website Design

One of the most excellent advantages of custom templates is you will be only admin. Having millions of templates online, it also means that pre-made theme is used by many people. Thus, if you want to take advantage of custom eCommerce template, let’s choose the different from others.

Another advantage of a custom template is its custom functionality. So that, with the help of development team, you can simple custom elements.

Minumum e-Commerce Web Design Cost

Previously, designing plays an important role. For example, customers decide to engage with a top-notch looking website or to close a out-dated tab. So, eCommerce website design price varies based on the vendor’s experience, quality of work, and your project requirements.

The AgileTech team  has extensive experience in online shop UX design. If you’d like to see some examples of our work, here are some e-commerce website that we have done before!

Ecommerce Website Cost: Number Of Functionalities

Another factor determining eCommerce website development cost is its functionality. For example, if you want to implement multi language for marketplace, it will require additional costs. 

Sometimes, it is difficult for customer to comprehend how laborious, hard, and expensive it may be to implement some “simple” functions.

Consequently, making a complete list of capabilities to be implemented on your website is essential.

Let’s see how AgileTech resolves this issue!

contact us agiletech vietnam high quality software outsourcing development company

At discovery stage:

  • Market research
  • Product backlog development 
  • UX/UI design
  • Project management
  • Early planning sprint of the development stage

At development stage:

  • Front-end development 
  • Back-end development
  • Testing
  • Project management
  • Team review

Next, we will present you a list of core eCommerce website features. Therefore, you can find out what exactly you will need to pay for custom eCommerce software development.

The most important features of an eCommerce platform

  • Register/ Login – Users can register/login to your e-commerce platform with an email or a social network account.
  • Product navigation –  Ideally, it should be intuitive and obvious. So they can navigate the site without any effort at all.
Source: Atterley
  • Product search – The search box  allows buyers filter by product parameters as category or sorting by price.
Source: MADE
  • Basic product page – Users can see product page such as image, description, price and adding to cart
  • Product reviews – Every e-commerce website needs a clear product review (e.g starring, text reviews, and average review)
  • Shopping cart – A well-designed shopping cart is a must-have for all online shops. The purpose is to quickly and efficiently add items, remove items, change the amount of each item. 
Source: Adidas
  • Payment gateway – There are a large number of factors including the payment methods supported, the fees, and the geographical location of your customers.
  • Site security – At a minimum, their payment information must be effectively and vigilantly protected.

The Domain Name And Website Hosting

A domain name and website hosting are 2 predictable variables in ecommerce development budgeting.

Domain name for eCommerce business

Your domain name must be rich in keywords and one that can get a lot of search engine to drive traffic and increase conversions.

Furthermore, choosing a domain name also serves as a strategic long-term investment. Because, you wouldn’t want to change your brand name.

Ecommerce website hosting for small business

If you’re running an e-commerce website, you need the web hosting that more robust and safer than regular hosting plans. So that, you can provide a top-notch experience for your customers.

  • Shared-hosting – the most simple one. Its provider you’ve opted allocates the necessary resources, and you pay a certain amount of money every month. The user of such a shared system has the opportunity to download files via FTP, as well as through the special panel.
  • VPS/VDS – Virtual Private/Dedicated Server is a hosting technology with several isolated virtual machines on a single physical server. You as its user gets the right to control all the process at the root-user level. This is a very good option for e-commerce website development.
  • Dedicated server – The client gets the physical machine, which has certain characteristics and locates in a specially equipped data-center. Typically, big portals with a large number of visitors choose the dedicated server. 

For small companies and startups, the business owners typically spend between $20 and $250 per month. Hosting for larger online stores costs upwards of $300 per month. Additionally, a successful and busy site hosted in a cloud, could cost upwards of $1,000 – $2,000 a month.

Cost of eCommerce Website Based on Development Vendor

Let’s discuss more details about each option!

Freelancers

Cost is one of the biggest reasons that a business may select a freelancer.  If your business is just starting out and needs a simple Ecommerce website , hiring a freelancer can be a good choice.

You can find an eCommerce website developer on a freelance platform to deliver a service for $15,000 or even less.

But, when working with individuals, they are likely limited to the skills and resources. Moreover, hiring freelancers may be problematic to check their authenticity.

Custom software development company (like AgileTech)

A custom eCommerce development company can be the best choice for your project.

  • You’ll have a dedicated team to the web project, including a project manager, web developer, and development team.
  • In the same way, each team member will bring a different set of skills to the project. 
  • The development vendor also help you create a wireframe for the website and design UI/ UX that fit your need.

If you choose to work with a custom eCommerce software development agency, you can be sure that your code and data are safe as well.

As the result, outsourcing an eCommerce platform development is another way to save money without losing quality. You can read more detail in our article: “How to outsource software development in Vietnam?

web cost development by country in vietnam by agiletech

How Much Does An eCommerce Website Cost For Minimal Version?

The cost to develop an eCommerce website with the help of an outsourcing company will depend on several factors.

  • Outsourcing company’s location
  • Number of specialists involved
  • Required third-party technical solutions
  • Website complexity

Below is a list of the specialists typically involved in creating e-commerce website:

  • Project manager
  • UI/UX designer
  • Frontend developer
  • Backend developer
  • QA specialist

Let’s sum everything up.

If you choose outsourcing in Vietnam, the cost of ecommerce website with MVP features will start:

  • $3,000 – $10,000 for a small project;
  • $10,000 – $25,000 for a mid-level eCommerce website;
  • $25,000 and more, for a large eCommerce platform.

AgileTech Expertise

As 5+ years of experience in building ecommerce websites, AgileTech always focus on personalized customer experience.

FEROSH

FEROSH is professional online shopping websites which provides fashion designer products from famous designers to customers in Vietnam.

Aiming to become the leading high-end fashion shopping sites, AgileTech helps FEROSH become the first fashion website Ecommerce in Vietnam.

Developed on a clean, simple, user-friendly online platform, FEROSH and AgileTech have been launched as the top shopping destination where customers can explore an extensive collection of high-end fashion products.

Source: FEROSH

About Agiletech

If you have any questions about outsourcing, please ask them below! We’ll do our best to answer each one, and may even write another post on the most frequently asked questions about outsourcing.

At AgileTech Vietnam, we have expert Project Managers along with excellent teams who have delivered the best products to customers in more than 10 countries, mostly in the U.S, U.K, Germany, France, and Singapore. You can contact us at contact@agiletech.vn or (+84) 936 281 059 for more information.

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