How much does it cost to build a eCommerce website like amazon?

Do you wish to launch a profitable marketplace like Amazon, Alibaba, or Etsy? Online marketplaces are becoming more popular, therefore it’s a good concept. According to Statista, eBay’s Q2 2021 results were above forecasts, with net sales of 2.5 billion dollars. This marks a substantial 14 percent increase from the previous in 2020.

If you’re new to marketplaces development, you might be wondering how much it costs to construct a marketplaces website in 2022.

Considerations in analyzing the cost of Online Marketplace Website

A website has many different components, and each one affects the final cost. Knowing how much money you want to spend ahead of time will help you decide which platform is ideal for you and what add-ons you can buy. You can easily overspend if you don’t have a defined budget.

We’ll respond to the question straight away:

In 2021, the overall cost of an eCommerce website is somewhere between $50 and $3000 each month, plus $20 – $100,000 in startup fees.

Why is there such a wide range?

It is impossible to establish an accurate quote without understanding the volume of your collection, the customization necessary, the annual sales, plus your overall needs.

Small eCommerce companies may be able to get by with freemium Shopify themes and a few plugins. Larger eCommerce sites will require customization as well as extra hosting services such as security and redundancy.

But don’t be concerned. We’ll break down the possibilities for each expense you’ll face below, showing you in which you can save money – and where you’ll undoubtedly want to spend more.

Your time has a monetary value!

As they say, time is money! In certain circumstances, the most expensive aspect of your eCommerce site may be the time spent getting it up.

Using eCommerce software that is purpose-built, such as Shopify, will still save you time. Instead of linking different programs, developing checkout bags from scratch, including customizing every product description, you may save time by filling up a pre-designed theme.

Support and continuous maintenance will also be included with dedicated eCommerce platforms to keep your store up – and – running.

We estimate that setting up a basic eCommerce platform from start will take at least 100 hours. This excludes the addition of individual product listings. An enterprise-level webpage can take up to 200 hours to complete.

Costs of Webhosting for your eCommerce website

For your website, you’ll need to invest in some back-end architecture. This includes a website address (the web address where your store can be found), web hosting (where your data is kept), and an SSL certificate (security for your website).

Some of this infrastructure may be used in the cost of the eCommerce platform you choose. For example, SaaS systems (like Shopify or BigCommerce) offer to host and allow you to buy a website address through them.

Self-hosted solutions (such as WooCommerce self-hosted) will necessitate the purchase of a separate hosting service. Self-hosted solutions would also necessitate more technical skills to set up because the eCommerce software must be installed on your server.

Small and medium-sized enterprises

• The cost of a domain name is between $10 and $20 each year.
• Web hosting (a SaaS option) costs from $29 and $250 per month.
• Self-hosted web hosting costs from $2.99 to $200 per month.

Small and medium-sized enterprises

Your system requirements will rise if you have a busy site with thousands of daily visitors. You’ll need more redundancy, the ability to handle a large amount of traffic without slowing down your page load time, and better security.

Hosting fees vary but anticipate paying at least $1000 per month.

The prices of hosting for major eCommerce sites are significantly higher than those for smaller retailers.

Costs of software for your eCommerce website

Product pages, inventory management, carts, and checkout pages are all common components of any eCommerce website. Because developing this capability requires a significant amount of time, talent, and effort, most eCommerce enterprises rely on a SaaS solution designed specifically for eCommerce.

Small and medium-sized enterprises

Some eCommerce SaaS options start around $20-$30 per month and provide varying plans based on your volume of sales and the functionality you require.

Here’s a quick rundown of some of the most popular eCommerce software:

-> Wix eCommerce site cost: To run an eCommerce site on Wix, you’ll require their Business Basic plan, which is $23/month when paid annually. This package includes hosting as well as a free SSL certificate.

-> Cost of a Shopify eCommerce site: The basic Shopify pricing tier, which is paid annually, is $29/month. This package includes hosting as well as a free SSL certificate.

-> The cost of a BigCommerce eCommerce site is $29.95 per month, either monthly or annually. This package includes hosting as well as a free SSL certificate. For stores with annual sales of more than $50,000, you’ll require their Plus plan, which costs $79.95 each month.

Small and medium-sized enterprises

The higher the expense of setting up an eCommerce site, the more customizable it is. Large firms with a large, diverse product catalog or unique shopping trips such as wholesale orders, on the other hand, will need to invest in a more adaptable platform.

These platforms (like Magento) are not intended for the average business owner to set up because they require coding and programming abilities. There will be an extra setup fee for developing your eCommerce site, as well as monthly fees for maintaining and updating the site.

Setup fees start at $5000 and go higher from there.

The monthly cost is approximately $2000.

eCommerce Website Design Cost

You’ll need to make your eCommerce site appear great now that it’s hosted on a domain. This includes selecting a layout, updating your logo, uploading product glamour images, and developing the general flow of your website.

You can either use an existing template or theme or create a website that is unique to your business.

-> Designs that are less expensive

Most SaaS platforms include theme and template marketplaces where you can quickly apply your own customizations to your site. They provide pre-designed product pages as well as simple page templates.

You might even find a few free themes for more popular applications like Shopify and BigCommerce. However, these designs may not be a perfect fit for your company, and choosing one of the famous templates may not be enough to distinguish your shop. Consider investing in more customization to ensure that you (and your clients!) get exactly what you need.

-> Website design costs between $0 and $250.

-> Customization fees range between $1000 and $2000.

-> Designs that are more expensive

You may choose a bespoke design with custom functionality to offer your site a competitive edge. It does come at a cost, but it can be a game-changer for larger firms with additional needs and a large enough audience to support them.

$5000 and above for custom website design

The cost of building eCommerce websites varies greatly, with more expensive designs costing thousands of dollars.

Costs of payment processing software for your eCommerce websites

Different systems provide various processing choices, each with its own price.

Here are some of the most common payment processing solutions for eCommerce sites:

-> For WooCommerce, PayPal or Stripe charge 2.9 percent plus $0.30 for every transaction.

-> Shopify Payments for Shopify: – 2.4 percent – 2.9 percent + $0.30, depending on your Shopify plan, plus an additional 2% per transaction for third-party payment gateways.

-> PayPal or Stripe for BigCommerce: 2.4 percent to 2.9 percent, depending on BigCommerce package, plus $0.30 per transaction

Costs of Search Engine Optimization (SEO) for your eCommerce website

Your business will fail if you create the most beautiful website but no one can find it. That is why it is critical to design your eCommerce website with SEO in mind. Including SEO tools in your design can save you money in the long run.

The majority of SEO firms will charge a monthly retainer fee.

The monthly cost of an SEO agency ranges between $300 and $1500.

Extra applications and plugins

There are numerous other tools and services you can use to make your eCommerce site stand out. Here are a few examples of other tools you might want to consider including in your budget:

-> CRM software (Client Relationship Management) is a database that organizes and maintains all of your customer information. Personalization can help you boost your marketing efforts.

-> Search functionality: Adding more search functionality to your business may necessitate the installation of a plug-in, but your consumers will be able to find things much more simply.

-> Other extensions, such as an abandoned cart saver, will increase your total monthly cost, but they can also enhance your conversion rate by luring potential consumers back to complete their buy.

Costs of content for your eCommerce website

You might create your own graphics and write the material for your website. But, as we stated at the outset of this post, time is money! Whether you create it yourself or hire someone else to do it, your content has a cost.

Your fees will include the following if you outsource content creation:

-> Website text copywriter, including product descriptions and blog content

-> Product photos were taken by a professional

-> Multimedia and video production

The cost of hiring a creative varies greatly, but you should anticipate paying at least a couple of hundred dollars every day. To secure a successful conclusion, make sure your briefs are extensive and detailed.

So, how much does an eCommerce website generally cost?

A new eCommerce website will cost you between $50 and $3000 per month, plus setup expenses.