What’s the cost involved?
Over the years, ecommerce has been growing fast. Back in 2019, it was reported by Statista that retail ecommerce has added up to a total of $3.53 trillion and the number will only continue to grow to an estimated amount of $6.54 trillion in 2022.
Many businesses make use of an online store to expand their reach and target a wider audience, while some begin their store’s journey through ecommerce. If you’re considering going online as well, there are definitely a few things you have to consider when making your own ecommerce store!
Ecommerce Infrastructure Cost
|Ecommerce Software Cost||
|Domain Name Costs|
|SSL Certificate Costs|
Ecommerce Design Cost
|Store Theme & Design Costs||Free to $200+|
|Add-on, Plugin, and Extensions Costs||
Free to $299
$500 - $10,000 USD (Custom Plug-ins)
Free - Varied monthly subscription apps
$5,000+ USD (Custom App)
Free - $1,000 USD
Having someone to manually build your ecommerce website will cost a lot more which starts from $10,000 and above. The price varies due to the complexity of the design and number of web pages.
There are also some ongoing costs to consider after website creation
Ensure the safety of the information on your website
Keeping track of stocks quantities in and out
Keeping your business and the information private and secure is one of the most important factors
Email marketing (Free or a monthly subscription)
EDM allows you to build customer loyalty and generate sales, however, you have to consider the solution depending on the size of your customer list
A part of your budget would have to be allocated to SEOs, PPC ads and social media as well
For small businesses and startups, you should always do your research to avoid paying higher costs. Consider the kinds of features and add-ons essential to your store before any subscription.
You can also consider our website packages that starts from $798. The packages include
- FREE 1 Year Domain Registration (For .com domain only)
- FREE 1 Year Microsoft 365 Business Essentials (1 email)
- FREE Online Store Logo Design
- FREE Professional Products Photography
- Shopify Website Design (Shopify monthly subscription not included)
- Company Registration
- PSG Grant Application for Shopify Monthly Subscription (For retail trade only)
We will be touching on other parts of Website Creation in the next week, do stay tuned!
For any enquiries or feedback, do write in to us at email@example.com or contact us at (+65) 6262 0402.