How much will it cost to create my online store?

When you decided to create your online fashion store, this might be the first question that popped up in your mind. Well, to give you an approximate figure, an e-commerce website can cost anywhere between $100 to $20,000. Now that’s a very broad range because the exact cost of your website will be affected by a lot of factors.

Let’s break down the costs so that you can have a realistic idea of the budget you’ll be needing to invest in starting up your online fashion store.

The bare necessities of starting an online fashion store:

  • Domain name

Approx cost: $0.99-$15/YEAR

The name of your website/URL is your domain name. If you want to create an e-commerce store, you’ll need a domain name. Domains are quite affordable. GoDaddy frequently has deals for $0.99 domain names. The cost also depends on the popularity of certain keywords in the domain name.

You may also get them through 1&1, Cheap Domains, or directly from your hosting provider. Always try to get a .com domain name. Other extensions are also getting common, but .com is always preferable and convenient.

  • Hosting

Approx. cost: $50-$1000/MONTH

Hosting is the cost you pay to have your website hosted on the server of a hosting provider. Your website will not be accessible if it is not hosted on the internet. There are two types of hosting: Shared and Private. 

Shared hosting is the cheapest because you will be sharing your server with other people on the shared hosting plan. You can go for this option when you are first setting up your store and upgrade to private hosting as you grow.

  • Website designing

Approx. cost: $100-$10,000

You would require an expert to get your website designed seamlessly. No matter how simple or complex the store you want to build, it must have certain fundamental features. There will be requirements for product management, a shopping cart, a payment module, and other essential features. 

However, if you want to add advanced features to your basic custom eCommerce website, the upgrade will cost between $10,000 and $16,000. Some of them include discount management, personalized suggestions, wish-list management, and multilingual support.

 

  • Inventory

Depends on the Business Model

The amount that you’d invest in the inventory completely depends on whether you’re dropshipping or how much inventory you want to start with. Dropshipping is a method of selling items without physically storing, packaging, or delivering your own inventory, resulting in almost no inventory expense.

If you opt to maintain your own inventory, you will have more control over your branding and inventory management. However, you will need to invest money upfront to acquire items and will require a place to stock, pack, and ship products.

 

 

Other costs:

  • Logo designing

Approx. cost: $15-$300

A logo may help your shop stand out from the crowd and boost your long-term branding. You can hire a logo designer from a marketplace such as Fiverr for $5 to $75, depending on the degree of quality, file formats, and the number of revisions needed. You can also crowdsource your logo designing needs from a platform like 99designs starting from $299.

 

  • Digital Marketing costs

Approx. cost: $300-$5000/MONTH

To get customers flocking to your online fashion store, you need to invest in marketing. It is always an ongoing expense to attract shoppers to your e-commerce website. Marketing encompasses a wide range of activities – everything from web copy to a PPC campaign to generate traffic.

 

  • Maintenance costs

Approx. cost: $10-$60/Hour

Maintenance, like other parts of establishing an eCommerce website, is scale-dependent. Regular inspections and updates guarantee that everything functions well and that there are no unpleasant surprises.

 

Final thoughts

When it comes to the cost of an eCommerce website, there are several aspects to consider. It includes everything from site design to high-end features. To arrive at the final pricing, one must be very detailed and do a systematic breakdown of the website aspects. You can decide on an exact cost by studying the above factors.

Ready to build your online fashion store? Contact us today at Sankhala info solutions to take the first step and set the foundation of your e-commerce website!

Categories : Why Online Store?

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