How to estimate your Ecommerce development cost?

Plan your eCommerce development cost wisely

If you are a brick-and-mortar store owner who is thinking to start your new online store or an existing online store owner to expand your online store activities, then this article will help you estimate your eCommerce development cost.

There are several factors that determine the cost of eCommerce store development. Here we have simplified how wisely to spend your money to design and develop your eCommerce store. 

Prepare a brief to-do list:

Before preparing your estimation cost, it is good to define your “Targeted Sales” and “Traffic Goal“. when you start defining how much sales you want and who are your targetted visitors,  you will get a clear idea of how much functional requirement are needed and how to phase out that depending on its priority.

For example, if you want to do $50,000 a year in sales then you require a $5000 website, or if your sales volume is millions and has potential customers then your budget to make an eCommerce store will increase as it requires much more functional requirements.

The factor that determines the eCommerce development Cost:

Developing an eCommerce store would start from $10,000 to $500,000 or even higher. It is usually determined by the complexity involved during the development time, platform, and the development agency which you are about to choose. However, there are several platforms and SAAS is available over the internet, WooCommerce and Magento shares a significant part in the eCommerce with their open-source features. listed below are the main factors that determine your e-commerce development cost

1. Design: Choosing between a pre-built template vs a custom web design determines the cost variation in developing an eCommerce website. 

2. Functionality: Functional requirements cost you higher as it requires more programming involvement. For more custom features you should phase out the most prioritized to least prioritized. 
3. Data Imports:  If you require migration between different platforms then calculating the data import/migration cost is important. be specific whichever data need to be migrated as it consumes the development cost. 
4. Marketing and SEO: Search engine and digital marketing are much more crucial during an initial stage to a certain period of time. You need to plan the cost of Marketing and SEO as this where the visitor engages with your website and makes you real sales.
5. Integrations: Integrating your website with any ERP or CRM should be calculated as an estimation cost as this involves the development cost.
6. Agency / Company: Choosing an Agency or a company is a tricky portion because even if you can make an estimate on your workaround, there might be a different costing approach with different agencies. Hire an in-house team or a set of professionals with the right consultant with Horeb eCommerce will make your spending cost more transparent.