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How Much Does It Cost To Start An Ecommerce Business: Full Break Down

How much does it cost to start an ecommerce business

You really want to know how much it really costs to start an e-commerce business ?? Well I will tell you, it will cost you one billion dollars. You didn`t believe that did you ?

LOL, Now that`s a joke. 

On a Serious Note, It is safe to say there is no universally accepted price for any web development project. The price can be as high as a mountain or as low as a valley.

However. I will attempt to give you an idea of what it will cost you to design a functional quality E-commerce website without breaking the bank.

Today, I’ll reveal exactly how much it costs to start an online store, plus a few secrets on how to save money when you do it. Let’s dive in!

The Necessities: You can`t avoid this e-commerce setup cost if you want to start proffessionally


Ecommerce setup cost


1. Domain name

2. Hosting

3, Products 

4. Payment Processors/Processing 

Note: If you use other third party ecommerce tool like esty, amazon, etc. You might not need a domain name and hosting. However you would have other cost depending on the platform you`re using.

That said, let`s break down the neccessary setup cost.

Domain name: Your domain name is the name of your website, it has to be unique and it`s a must have if you want to start an ecommerce buisness on your own site.

There are so many domain names extention and you can buy which ever suits you or your business. An example of top level domain names extention includes 

.com

.net

.org

.co.uk ( Country specific Uk )

.com.ng ( Country specific Nigeria )

.xyz, ETC.

There are so many other extentions availiable. 


Note: Each extention has different prices.

The .com extention is the most widely used and that`s what i will advice you to go with. You can get .com domain extention for as low as $8 dollars here

Hosting: This is where your website files is been stored so anyone on the internet can access them Anytime.

There are several hosting packages and hosting companies. I always recommend Kinslic because i use them and their services is top-notch. 

You can start with the cpanel hosting package and then up grade as you grow the lowest package cost just $1 per month, very affordable and top-notch service.

Products: This is obviously another neccessary part of setting up your e-commerce store. The cost of your products determines the type of products you want to sell. You would need to do your finding and know what extactly you want to spend on products.

There are serveral ways to go about this 

1. You can decide to have the product already with you before you sell or

2. Get orders before you purchase the product from the supplier ( Dropshipping ).

Dropshipping is a good way to start selling fast even when you don`t  have your own products and i will discuss this in full details on another blog post, So subscribe to our blog and get instant notification once it drops.

Once your products are ready then there is only one neccessary cost left 

Payment Processor / Processing: It`s payment time !!!! You need to know what extactly the payment processor your using is charging so you know how much you would receive for every order. It`s important to note those charges.

The charges are different for every payment processor so make sure to go through them properly.


Let`s Consider The Not So Required Cost But Are Nice To Have

Once you`ve got the basics this other one`s are not so required but would give you a slight edge over your competitors.

1. Proffestional Email Address: This would help your business standout as your customers would known your`re serious. 

This kind of email address would look like this Hello@yourwebsitedomain.com This is more proffesional compaired to the regular Gmail.com etc. 

Fortunately, this comes with any hosting plan at kinslic web hosting solutions. Don`t know how to set it up?? contact them and they will help you out.

2. Web designer: A web designer can make your work easier and because he/she is in the field, You are assued of a well functional + Quality ecommerce setup.

I have helped hundreds of customers setup there ecommerce site and they lanuch there businesses immediately.

The prices are very affordable and you get want you want. Want To Book A Call With Me ?? Click Here  

You can also read our post on e-commerce business setup to get insights 

Other helpful posts



If you`re intrested you can learn more on ecommerce setup cost here

There are still some other good additions and i will constantly update this post to keep you up to speed. 

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