How Much Will It Cost to Develop an eCommerce Mobile App?

1. How Much Will It Cost to Develop an eCommerce Mobile App? Creating an online store has become the preferred option for numerous businesses. It's no surprise considering that shopping online has become a favourite pastime for internet users worldwide. According to Statista, the revenue generated from eCommerce is projected to reach US$3.58tn by 2023, with an annual growth rate of 11.19% (CAGR 2023-2027).

2. But hold on just a minute. What about m-commerce? Does investing in an eCommerce development company for your business make sense? If so, what would be the cost? Well, if we look at the numbers, it's amazing and undoubtedly worth investing in an eCommerce mobile app. According to the statistical report, m-commerce sales, it is expected to grow more than $510 billion in 2023 and $710 billion in 2025 Now, let's address your next query. How much does it cost to develop a mobile app for eCommerce? It's important to understand the factors to consider before setting up an eCommerce app. Considerations Before Establishing an E-commerce App In recent years, especially after COVID-19, more and more businesses have been opting to develop eCommerce applications. It has been observed that mobile commerce now constitutes a significant portion, specifically around 67.2%, of all digital sales. So, to have the maximum benefits of this booming trend, you must consider the following factors before developing an eCommerce app: 1. Determining the Nature of Your Online Store The first step is envisioning the type of online store you wish to establish. Are you planning to sell products or offer services?

3. To effectively manage your online inventory, it is crucial to specify the number of products or models you plan to include. Consider determining your target audience. Yes, it is important to consider whether your prospective audience is customers (B2C) or other businesses (B2B). Not just, you also need to figure out - whether you want to entertain Android users or iOS users. You even hire mobile app developers to have a better understanding of the target market, technologies, features, etc. 2. Establishing Your E-commerce App Development Budget, Features The vast array of customization options and features can easily lead you astray if you don't establish a budget beforehand. Determine the must-have features and identify any additional add-ons that would be beneficial. It is crucial to create a list and adhere to it strictly, ensuring you stay within your budget constraints. 3. Shipping and Payment Considerations Assess your capacity to handle shipping requirements and decide whether to outsource shipping or manage it in-house. Also, consider whether you want to offer global shipping options. Similarly, when it comes to payment options, evaluate the various choices you wish to offer during checkout. Payment processing costs can accumulate rapidly, so factor in fees associated with payment gateways such as PayPal, Stripe, or Authorize.net. Don't forget to consider any additional fees charged by your bank. Calculating E-commerce Mobile App Development Costs Building an eCommerce app holds various factors that contribute to the overall cost. The pre- built functions it offers, the platform of your choosing, and the quality of service you demand all affect how much an eCommerce application costs. The cost may vary significantly due to these factors. Here are the key components for which you need to allocate costs: 1. Choice of eCommerce app development platforms you make Different platforms have varying pricing structures, with some offering free options and others requiring a license fee or subscription. Consider factors such as the platform's features, scalability, and support when making your decision. Several platforms are worth considering, each with its unique offerings:

4. Magento Shopify BigCommerce WooCommerce 3dcart Wix Demandware, Inc. Tapcart Swiftic • • • • • • • • • 2. Payment Processing Payment processing costs often go unnoticed but can accumulate quickly. Fees depend on the payment options you offer and the regions in which you sell. Each payment gateway, such as PayPal, Stripe, or Authorize.net, charges its own fees per transaction. It is essential to factor in these eCommerce app development costs and compare options to minimize expenses. 3. Design Costs Creating a unique user experience through effective app design is crucial for any eCommerce store. Also, major e-commerce solutions offer a range of pre-designed themes for your online store. Some themes are included in the platform's subscription fee, while others may cost between $60 and $200 each. Whereas, some of them provide free and premium themes. Besides, there are many other factors like eCommerce mobile app development company location, size of the development team, and more. However, here's a rough estimate to get you started: eCommerce app development cost for different platforms: • Android eCommerce app- $18,000 - $100,000 • iOS eCommerce app- $20,000 - $120,000 • Hybrid eCommerce app- $25,000 - $150,000 Source: https://shorturl.at/syCX7