How Much Does An E-Commerce Website Cost?

A business website that looks good is a certain way to get more visitors. Many studies show that visitors prefer spending more time on a website that looks simple with good navigational features and this increases the chance of a sales or lead conversion.

Nowadays, online buyers prefer visiting a steady business website before initiating an e-Store purchase. Additionally, attracting potential customers can be facilitated by having an eCommerce website.

In order to better understand how much an eCommerce website costs, let’s first understand what an eCommerce website is.

Quick Glance Through- What’s an E-Commerce Website?

An e-commerce website helps your targeted audiences to go through your business without visiting its mortar-brick location. That’s where the role of e-commerce development services comes to play!

A professionally designed e-commerce website ensures long-term result-driven profit in your business. It will help you to attract potential visitors and increase the chances of sales conversion.

What If Your E-Commerce Website Fails to Attract Potential Visits?

Consider yourself putting into the shoes of a buyer would you really visit an e-commerce site that is slow to open from your browser?

Or

Will you feel compelled to stay on the website, if you’re too confused about searching for any particular product or service?

Nobody wants to spend time on a website that takes time to load and showcase the products or services you’re interested in viewing.

If you’re expecting potential growth in your eCommerce business, it’s always advisable to get in touch with result-driven eCommerce development solutions for your business.

Potential E-Stores Guarantees Long-Term Revenue

Professionally designed and developed e-commerce websites are easy to navigate. Such sites almost never glitch while loading from popularly accessed web browsers.

According to the National Statistics Office UK, in 2019 the country’s e-commerce income amounted to 693-694 Billion GBP (approx).

It has been also reported that the UK e-commerce market grew by 27% in 2020, leading to an upsurge in global eCommerce revenue with a growth rate of 29%.

When you have a steady estore, your online business’s possibilities improve. But, how much does it cost you to build your first eCommerce website? Let’s investigate:

Estimated cost for designing an eCommerce website in the UK

This all depends upon your affordability in the business and if online is your main channel for trade.

Depending on the needs, costs might range from £2,000 to £50,000+ An expert eCommerce website development solutions provider can help you to reduce your expenses while building an e-store for your business. In 2022, an estimated figure of 1.8 billion+ buyers (approx) look ahead to visit online stores to buy their necessary consumables. To sustain the cut-throat competition, your e-business must attract visitors and retain engagement. Then only it will increase your chances of sales growth.

The following statistical chart represents the steep growth in buying trends among online shoppers from 2014 to 2021:

Today, more than 60% of online consumers only show interest in e-stores that understand the mindset of the customer. There is a chance that you will lose a significant amount of business if you are not adept at comprehending the mindset of a consumer.

A professional eCommerce development solutions providing company can strategize your expenses to design an e-store according to your business demands.

How To Gauge Your Expenses For Creating an E-Commerce Website?

1. Costing Factor For small and medium sites

Costing plays a pivotal part in building an e-store for your business. That’s because the cost of your e-cart depends upon the number of your products and services.

If you are running a small business you need a few limited features for your online business. The minimum cost for designing a small & medium e-commerce website followed by its development is as follows-

● For the first year, it might cost around a minimum of £2500 (approx.) However, if you’re hiring an organization like Ficode Technologies for e-commerce development services, they can help you trim your expenses. Their expert designers can assist you in crafting intuitive designs too.

2. Pricing Of Large Scale eCommerce Sites

When it comes to the pricing of a large eCommerce website, it’s important to point out your key requirements. Since you’re looking ahead to developing and designing a big and scalable website, you must have sufficient products and services to offer.

That’s when you need to prioritize the prime features of your website. You must point out the key requirements while creating your e-commerce website. You might incur the following expenses while building a large-scale website-

● For the first year, it might cost around a minimum of £7,500 (approx.)
● For ongoing annual costs, the cost starts from £3,500 (approx.)

However, if you’re not a pro at estimating the required expenses to build a large eCommerce website, you might reach out to a reliable and experienced eCommerce development company in the UK to get an estimate. It will enable you to get the right budget estimate for building a large-scale eCommerce site.

3. Considering The Budget For your Required Site

It’s always important to consider the budget factor while developing an eCommerce website. If the expenses are going beyond your budget, you should trim down the features list you need in the eStore.

Often businesses overlook the importance of cost optimisation while looking for eCommerce development solutions and end up raising their budget unnecessarily. To avoid such mistakes, you should schedule a plan first.

The plan should contain the features you want to be on your website. At the same time, it should also be an equal priority to know the expenses of CMS (Content Management Tools) you’re using on it. If you want to integrate 3rd party API and payment gateway, then there should be a separate budget allocation for that. Once you’re done calculating the entire expenses, then only you should share the requirements with the website development company.

If the e-store developing company is an expert, they should understand your requirements and develop the website within your estimated budget quote.

4. Is it a large Bespoke website that you’re Looking For?

Generally, customers look for a large Bespoke eCommerce website for platforming their online business. By using Bespoke software, you can always host small e-stores within your business website. The price can be high if you want to utilize a Bespoke website to platform your e-business because it will meet your needs in line with your vision. The bare minimal costs are shown below:

● For the first year, the cost will be around £12,500+(approx) a year
● However, the ongoing annual cost starts from £10,000+ (approx) a year
By preferring the Bespoke software application, you can always expect a long-term benefit from your eCommerce website.

5. Website Designing and Development Expenses

Right after finalizing the platform for designing your e-commerce site, it’s the website design that comes next. Often, business owners fail to understand the importance of user experience in an e-commerce site. That way, they end up building a website that fails to satisfy visitors with a unique user experience.

Website development does not require much time if you’ve consulted a professional website developer for the project. Once you decide on the features like API integration, SSL certificate, the type of front and back end development, etc.

Apart from that, popular e-commerce platforms like Magento, Shopify and Woocommerce are quite economic to platform your e-store. That will eventually help you to trim your web development expenses in a competitive UK market. If you prefer to use pre-build tools and plug-ins it will reduce your expenses as well.

However, if you’re demand is to develop a customized website, you should have a detailed discussion with the eCommerce development company in the UK. As the cost of a custom web development package will be fairly high than usual web development packages.

6. Cost Estimate for Web Hosting

So, your website has been sorted, it has been designed and developed.

But, have you decided about your website security?

You need proper security that ensures the maintenance of your website and secures it from a third party’s unauthorized access. That’s where the necessity of a web hosting server comes in. A VPS web hosting option demonstrates advantages like high affordability and scalability.

You can also choose a dedicated web hosting option for controlling the participation of a qualified system administrator. Apart from that cloud hosting servers have proved themselves quite reliable to other types of servers.

There are plenty of cheap options available for hosting your website. You can consult your service provider and choose anyone from those.

7. SSL Certification pricing

The pricing of SSL certification varies on the basis of the SSL provider you’re choosing. As an e-store owner, you need such certificates to ensure that your every online transaction is safe and secure. This will also enable your business to remain immune from data hacking, fraudulent activities, and other cyber crimes. The HTTPS prefix provided before your URL link makes your website free from such unnecessary security breaches.

8. Other Pivotal Expenses To Count

SEO – Your website remains on top of the search results when it’s SEO optimized. That contains content optimization (both on-site and off-site), link building, etc. An expert provider of value-added e-commerce development services should have a good knowledge of SEO, to optimize your e-store without violating the recent updates in the search engine’s algorithm at a nominal cost. This will enable your website to retain a good SEO rank.

CRM Solutions – CRM (Customer Relationship Management) systems with a focus on results keep your online store up to date with current and new buyers. Such solutions integrate with email/mailer marketing tools, stock management systems, etc. Preferring the option to integrate API, and payment gateway options with your website smoothen customer relationship management in various ways.

Initially, you might think- this costs a fortune.

However, it’s a one-time investment, you’ll always find your expenses on CRM solutions

Bottom Line Words:

Building a website for your e-commerce business from scratch could be a costly affair. It can cost up to 25,000£ too and far beyond depending on the functionalities and features list.

If you are running on a tight budget you can simply wrap it within £1000-£7500(approx). However, if you can stick to all of these cost-optimizing strategies shared above, you can curb the pricing for developing an e-store. You can also reach out to an expert eCommerce website development company like Ficode Technologies to hire their competitive web development services.