How Much Does an eCommerce Website Cost in 2022?

• Domain Name

A memorable domain name is a key to creating a successful eCommerce website. Your domain name is your company’s home online. It’s a part of your overall brand, and without it, you simply can’t make a website. When you’re buying a domain name, you can find them for as little as $5 per year. You can usually buy a domain for up to 10 consecutive years to keep it in your control as well.

But if you want a short domain name with “.com” at the end, you could wind up paying a little more, like $15 per year.

• Hosting

Hosting services let Internet users access your website. They provide space on their servers for your website so that you can develop it. Cost $7.5 – $1000 /- year. Some companies sell domain names and hosting in a package deal. But most companies that sell both often also make use of template websites, which make your website look like everybody else’s. The best thing to do is to find a host that lets you build your own customized website from the ground up. That way, your brand has a unique web presence that distinguishes it from your competitors.

• Payment Processing

A payment processor is a company that manages transactions so shoppers can buy your products. Every eCommerce store must have one to take payments from credit cards, debit cards, and other smart payment options. Payment processing costs depend on the plan you have with your eCommerce platform. For example, the Shopify Basic plan has a processing fee for online credit card payments of 2.9% + $.30 per transaction. The Advanced Shopify plan has a fee of 2.4%. If you are taking payments in person, the fee is lower because there is a lower fraud risk.

• Brand and design

Did you know that it takes about 50 milliseconds (0.05 seconds) for someone to form an opinion about your website? Not only that, shoppers buy based on trust, and your branding can help build that trust right away.

eCommerce platforms have templates you can apply to your site easily. They are a fast and affordable way to get up and running. Shopify Themes offer built-in tools to customize the layout, colors, style, and other settings.

• Maintenance 

Just like how construction crews repair and maintain roads, your website needs maintenance to keep it operating at the perfect levels. Costs $1500 – $3000 / year.

eCommerce website maintenance includes fixing any bugs that pop up, introducing new elements to certain parts of your site, and generally keeping your site in working condition. It may cost a little more than you want to spend, and you may not see the benefits of it right away, but website maintenance is important.

• Add-on and extension

It’s nearly impossible for one software to satisfy the needs of every eCommerce business. Chances are, you’ll want to add a few features to your website. Custom apps can cost upward of $5,000, depending on your developer’s experience and rates.

The best eCommerce software lets you add applications to your store to extend its eCommerce functionality and improve the user experience. Some are free and some are paid, which can increase the cost of creating your online store. 

Since there are many different aspects of an online store, you can pick and choose exactly what you need and only pay for those items. Putting your business online provides great potential to improve your reach and increase sales. Make the calculations now and decide if it’s worth the investment for your business.

Content Credits: https://www.shopify.com/blog/ecommerce-website-cost