What decides the eCommerce website development cost?
An eCommerce website can significantly increase the reach of your business. In addition to making your business more approachable to your target audience, moving it online allows you to tap into previously untapped markets. A number of crucial elements come into play when trying to figure out how much an eCommerce website would cost your brand.
Factors that determine eCommerce platforms’ development costs are:
- Development and Design Costs
- Hosting Cost
- Payment Processing
- Cost of Add-Ons
1- Development and Design Cost
Your eCommerce website needs to stand out from the crowd because of the continuous rise of the eCommerce business. Designing a user interface that is both functional and visually appealing is critical. Creating a user-friendly website will help you attract more clients. Fortunately, the majority of eCommerce platforms are aware that clients want a clean and organized look. On average, freelancers charge between £25 and £50 an hour or £200 and £300 a day.
On the other hand, for a day’s work, a digital agency will charge between £300 and £1000. However, if you opt for freelancers, then indeed, the eCommerce web development price would be lower. Still, there would likely be a considerable difference between the quality provided by freelancers and digital agencies.
2- Hosting Cost
To begin, you’ll need to pay for a domain name (if you don’t already own one) in addition to any design fees. A domain name is a website’s “address.” To register a domain name that doesn’t already have a connected website, you can go to 123 Reg or GoDaddy and make your purchase. For .co.uk names, you can pay as little as £4.99 per year, while for .com domains, you can expect to pay between £9.99 per year. Make sure to check out a few different options before making a final decision on your site name. Only a few domains may be purchased for more than £100 per year. Though, it all depends on your preference.
3- Payment Processing
The most well-known payment processor in the United Kingdom is Worldpay. Around half of all payments in the UK are handled by this service, and it offers some of the most flexible options for small businesses. In addition to a transaction fee of 2.75 percent (on credit cards) or 0.75 percent (on debit cards), their Gateway Standard plan costs £19 per month.
If you’re looking for a flexible payment option that doesn’t require any charges to join, Worldpay may be reasonable for you. You, your company, and your customers can appreciate that this payment gateway has your back when it comes to fraud protection, customer service, and credibility.
You may actually recognize PayPal from popular eCommerce sites like eBay, where it simplified the checkout process to an unprecedented level. However, PayPal is just as easy to use for businesses as it is for consumers. PayPal charges different transaction fees depending on the origin of a payment. The current domestic transaction cost is 2.9 percent plus 30 pence.
Moreover, Stripe is a one-stop-shop for all of your payment needs, including a payment gateway and merchant account. 1.4 percent + 20p for European cards and 2.9 percent + 20p for non-European cards are the flat rates for the transaction.
You should select one from these options as this step also plays a great role in establishing the cost of an eCommerce website in the UK.
4- Cost of Add-Ons
In light of the fact that online sales have been rising rapidly over the last few years, operating an eCommerce business offers numerous prospects for economic profit. As a result, it is imperative that your website provides a positive customer experience if you want to attract new visitors and turn them into paying customers in the long run.
In order to make your website more interesting, you should consider introducing add-ons. There are a number of useful add-ons, such as autocomplete, the ability to send emails to your consumers when you announce a new special deal, and a chatbox.
The cost of certain plugins ranges from nothing to several hundred dollars. Organization-level plugins can cost as much as $299, although the majority of premium plugins cost less than $19, making them affordable for most users.
Freelancer or a professional agency?
The cost of an eCommerce website in the UK can be high, but freelancers’ hourly and daily fees are typically lower than digital agencies’. It all depends on how much time you have, how much money you have, and so on! On average, freelancers charge between £25 and £50 an hour or £200 and £300 a day. For a day’s work, a digital agency will charge between £300 and £1000.
On the surface, eCommerce website pricing by freelancers appears to be less than an agency. But this may not be the case in the long run! The amount of time it will take a freelancer to build a website is much greater than the time it would take for a team of professionals. Because of the higher number of clients and the greater variety of websites. They’ve worked on, an agency is more likely to have more expertise. As a result, if you need a site with bespoke components, an agency will be able to meet your needs better.
An ecommerce website can be costly to set up, and the budget for ecommerce website development may be a challenge for you. In view of the enormous growth in online sales over the past few years. Running an ecommerce firm has numerous opportunities for financial gain. A pleasant user experience on your website is fundamental. When trying to figure out how much an ecommerce website will cost your company, a lot of essential factors come into play. Among the factors that influence the cost of developing an ecommerce website are development and design costs, hosting costs, payment processing costs, and the cost of add-ons. Ecommerce web development price and ecommerce website pricing can cost you a few pounds to 1000s of pounds; it all depends on your needs and requirements. So be careful when you are opting to create your ecommerce website.