Ecommerce App Development Cost Estimation in 2022
The necessity for an e-commerce application is more pressing than ever before.
"How much does it cost to establish an e-commerce application?" is a question that every customer has when they consider e-commerce app development.
We'll take care of that question for you in this blog.
We hope that at the end of the reading, we will have dispelled all of your fears and that you will be ready to move forward with developing an e-commerce app for your solution.
But before we get into the cost of e-commerce app development, let's take a look at the advantages of having one.
The Advantages of Having a Feature-Rich E-commerce Mobile Application
Mobile apps for e-commerce businesses, often known as m-commerce apps, are important for increasing sales.
According to research, 9 out of 10 clients carry their smartphone with them at all times. People nowadays are more inclined to make purchases on their phones than on their PCs.
Making a responsive website is undoubtedly a solution, but there are some benefits that mobile applications provide that cannot be obtained in any other way.
What are the advantages of e-commerce apps? Let's take a closer look.
- Satisfactory User Experience:A responsive website takes a long time to load. They just cannot match with mobile apps' rapid displays and loading times.
- Hardware for Smartphones:Apps, unlike websites, have access to smartphone hardware such as the camera, geolocation, and so on. Users benefit from having access to geolocation since it allows them to have a more personalized and efficient buying experience.
- Notifications:Push alerts can be sent to consumers using mobile apps. Push notifications are an excellent way to entice people to activate your app. Notifications regarding special discounts, limited-time bargains, and other promotions are a terrific way to boost sales.
- Affordability:If you have an m-commerce app on your phone, you are likely to use it at least once every day. When users open an app and see attractive products or promotions, they begin browsing and, in the majority of cases, purchase something.
- Increasing Conversions:According to research, people who shop on mobile apps see more products and complete more transactions than those who shop on websites.
- App Analytics:Businesses can gain a better understanding of consumer behavior by collecting and analyzing data via applications. This enables them to customize product offers, resulting in more consumer engagement and happiness.
Factors that Determine the Cost of E-commerce App Development
It's impossible to give a uniform response to the question, "How much does it cost to design an e-commerce app?"
Although all apps are classified as "e-commerce applications," each app may differ in terms of features, appearance, and other factors.
As a result, a number of factors influence the cost of developing an e-commerce app. Let's try to figure out what these are and how big of an impact they have.
- The Architecture:Before moving further with app development, you must make one essential decision. Consider factors such as your target demographics, audience, and estimated market reach before making this selection. The cost of developing an e-commerce app is determined by the mobile app development framework you choose.
- Developer Location:The cost of developing a mobile app varies depending on where you live. Typically, developers bill on an hourly basis. In comparison to simple apps, complex apps take more time to develop. Because e-commerce systems take some time to construct, development time is a significant cost element.
In general, app developer rates in countries like the United States, Canada, and Australia are expensive, ranging from $100 to $200 per hour. In Asian and Eastern European countries, the rate is significantly lower. One of the reasons why outsource app development is so popular in India is because of this.
- App Design:For an e-commerce application, the aesthetic impact that an app makes is critical. As a result, app design is an inescapable aspect of e-commerce app development. The app design includes areas such as logo design, screen design, icon design, and so on. The cost of developing an e-commerce app varies depending on how much branding or customization you want to do.
- Features of the App:The app's characteristics define it and decide its level of difficulty. It all relies on the mobile app concepts you're working on.
To keep costs down, you can design an e-commerce app with only the most basic functions. However, in order for your app to stand out and get noticed among competitors, you may need to include certain complex features.
The cost of developing an e-commerce app rises in tandem with the quantity and complexity of features.
The following are some basic features that are regarded a must-have for e-commerce apps:
Login/registration of users
Catalogs of products
Gateway for making payments
Tracking and placing an order
Checkout.
- App Maintenance:This is one of the unseen aspects that influences the cost of developing an e-commerce app. We don't always consider it at the start of the app development process. However, it is an inescapable feature of running apps successfully for a long time.
The platforms on which we built the app, such as Android or iOS, are subject to system upgrades at regular intervals. When this happens, your app may need to be updated in order to work properly with the new platform upgrades. As a result, while estimating the cost of developing an app, this factor must be taken into account.
The Cost of Building an E-commerce Application
After reading the last part, you'll have a better understanding of the numerous elements that influence the cost of developing an e-commerce app. Let's look at the data and see how these variables affect the price.
- Wireframe Costs:Wireframes are one of the earliest and most critical elements in developing a mobile app.
Are you unsure what a wireframe is? Consider it a blueprint for your mobile application.
A wireframe depicts the structure of app panels and groupings, as well as other visual features such as buttons and icons.
Typically, mobile app development services would build a number of wireframes before settling on one after consulting with the client.
Wireframe costs are estimated based on the number of displays and the level of complexity of each screen.
- UI/UX Design Costs:Following the construction of wireframes, UI and UX design is the following phase.
It is critical for an e-commerce application because it plays a key role in attracting and maintaining customers as well as enhancing conversion rates.
The UI design also differs depending on the app development platform. Materials Design is used in Android development, while Human Interaction Design is used in iOS development.
- Development Costs:The development cost of an e-commerce app accounts for a considerable portion of the total cost.
It's at this point that apps start to take shape as a result of the coding.
The quantity and expertise of developers will be determined based on the complexity of your application.
- Testing and Deployment costs:Nothing is more frustrating than launching an app only to discover it is riddled with bugs! You will not only stop getting new clients, but you will also lose old ones!As a result, testing is an important aspect of the app development process.
Testing guarantees that your software is functional and free of problems.The scale of the e-commerce application determines the scope of testing.
- Additional Costs:Aside from the charges we've already addressed, other small costs arise throughout the creation of an e-commerce software. These costs include platform licenses,equipment, maintenance, database and server charges, and so on.E-commerce app development costs may include marketing and advertising expenses.
5.1. Google Play/App Store Costs:This expense can be viewed as the cost of registering your mobile app with the appropriate app store. Google charges a $25 one-time registration fee, whereas Apple charges $99 for a one-year membership.
5.2. Updates and Maintenance:Throughout the lifecycle of an app, updates and maintenance are required. Though it's tough to put a definite figure on this, it's typically estimated that update and maintenance costs 15% to 20% of the entire cost of app creation each year.
5.3. Hosting Costs:Another significant added cost is the hosting costs for an e-commerce platform. The cost of hosting varies depending on the domain you choose and the quantity of services you use.
5.4. The Price of a Payment Gateway:The cost of connecting a payment gateway varies based on the service provider. It normally amounts to 1.5 percent to 3% of the total transaction cost.
5.5. The Price of an SMS Gateway:SMS gateway integration is required to enable SMS sending and receiving through e-commerce apps. It costs approximately 20 paise per SMS.
5.6. Domain registration, SSL, and email services:An annual fee of $30 is required for these services.
- Total Price:I hope you have a better knowledge of the various costs related with ecommerce app development after reading the previous parts.
We can estimate that the overall cost of developing an ecommerce app will be between $30,000 and $200,000.
A Cost-Effective Solution by Omninos
Are all of these enormous statistics making you reconsider your decision to design an e-commerce app? Don't worry — we have a cost-effective solution that will meet all of your requirements.
Omninos' white-label app solutions are the ideal answer for your company. They demand a lower initial cost, are quicker and easier to design, and require minimal post-release upkeep.
MiGrocery app, our white label ecommerce app development solution, is extremely customizable and feature-rich.
The overall cost of e-commerce app development using this white-label solution will be $3500, which includes an Android, iOS, and web gateway, as well as a backend admin panel and an Android delivery guy app.
Using white label app development services, Omninos has developed a number of mobile app solutions for e-commerce enterprises in a variety of industries. With years of experience and knowledge, we are a trustworthy and dependable mobile app development firm. Get in contact with us today to learn more about developing an ecommerce app for your company.