E-commerce apps have become popular in the last few years. Increasing e-commerce sales are driving the market. In a time when people are pressed for time, mobile e-commerce apps are becoming increasingly popular!
The question that constantly pops into your mind is "How much will it cost to develop e-commerce app?"?
There are many factors to consider when calculating the cost of developing E-commerce apps. The exact cost of developing an E-commerce app depends on many factors. This includes features you'll want to have in your app, like the technology stack, feature-rich functionalities, payment methods, resources, business models, and how your team works.
An e-commerce app lets you conduct electronic commerce or e-commerce over the Internet. A company that does e-commerce sells goods or services via the Internet. In addition to providing an online storefront where customers can browse products and make purchases, e-commerce applications may also add features like inventory management, payment processing, and customer relationship management. The majority of e-commerce applications provide marketing and shipping tools.
A mobile app allows customers to shop anywhere, anytime using their mobile devices. Customers who are busy and unable to visit a physical store will appreciate this convenience.
Businesses can increase sales by having an e-commerce app designed to reach a wider audience.
A mobile e-commerce app can make shopping more personalized and convenient for customers. Customers can save their preferences in apps, get personalized product recommendations, and track their orders with the apps, for example.
Through e-commerce apps, businesses can link their products to customers in a way that makes it easier for them to find and interact with them.
Today's market is characterized by the use of e-commerce apps, especially by online businesses, as a way of reaching and attracting customers. A business can get a competitive edge and attract new customers by having an e-commerce app that allows them to sell products online.
The complexity and scope of the application: What features should your mobile e-commerce application include? In your opinion, how many features should it have? It is sometimes difficult to work with things that have unnecessary features. Some features can be eliminated if they aren't necessary to you. As a result, you won't have to pay as much for the development of an e-commerce app.
There are several essential features that should be included in an e-commerce application, such as
Login profile for each user
A catalog of products
The ability to browse products
Check out Process
Payment Gateway, etc.
E-commerce mobile app development companies can recommend the features you will need based on your specific business requirements. Adding modern features like a scanner and integrating AI/ML to your app can make shopping more enjoyable for your users.
What platform(s) will the app be developed for: Developing apps for native platforms is too costly since you'll need developers to code exclusively in Java or Kotlin if you are developing an Android app. In the same way, you will need developers fluent in Swift and Objective C to develop iOS apps. This further increases the resource requirements.
Don't you think it's wise to understand your target users first, and then find a company that develops apps for them? It would save you some money if you did some research which will help to reduce the cost of making an e-commerce app. Your price may go up if you develop apps for both platforms.
Learn who your app is aimed at, for example. In the case where most of the users use iOS devices, creating an Android app would be pointless. It's the same the other way around as well.
Integration or use of third-party APIs: Developing small features can lead to increase in app development cost. It would therefore be a wise choice to integrate third-party APIs since you'd get the required features. It sometimes costs more to develop a feature than to integrate it. There are many companies that will assure you that they will develop every feature of your application for you.
But usually developing a new feature from scratch costs a lot more than integrating it with third party APIs. In fact, a lot of the time it is not necessary to develop all the features. Make a list of which features you consider crucial, and then talk with the company about whether integrations with third parties are an option.
Maintenance of your application: It is important to keep in mind that you will have to keep up with regular updates and technicalities once the application is launched. The trouble with software is that, unlike tangible products, it can be very difficult to tell when something is not working as it should. The problem becomes even more complicated since it is tougher to find a solution due to the fact that only a technical person can help you overcome it. Therefore, it is best to connect with an app development company who can assist you in this process.
Requirements for customization and design: Design plays a crucial role in the development of any e-commerce app. A great user experience and interface (UI/UX) can make a great impression on your audience, so be sure to create one. The design of your website has a significant impact on the impression that your audience will have of it.
It's also worth mentioning that there is a fierce competition among eCommerce app developers out there.
As it turns out, a good design involves an investment of a good amount of money, and one would certainly not want to compromise on that. Honestly, in our view, one should not compromise on quality of the design of the application if they want to make it successful.
Choosing an eCommerce app development company would be a good idea because they would be able to design both a mobile and web app that would require fabulous designs on both.
The location of the development partner: Among the many factors affecting the cost of development, where you decided to develop your e-commerce app is one of the most significant factors.
There would be differences in the development costs in many countries. If you are planning on hiring an app development company, you should do some research on which company would make the biggest difference for your business.
Getting cheap labor is one of the primary reasons that some countries can afford to reduce the cost of e-commerce app development.
Development Process: When it comes to creating an e-commerce app, or any development process for that matter, there are two processes that one needs to follow.
Development of a mobile application from scratch
Creating clones of existing apps
If the developer develops the entire app from the ground up, every element is built by the developer. A proper plan is made, and then the developer gets to work on your e-commerce app idea and takes it to the next level.
The clone app development approach, on the other hand, entails creating an exact copy of the existing application that looks exactly like the original. The clone development company, for instance, can make an exact copy of an existing application if the application is something you like and would like to have copied.
Whether you are a non-technical person or a person with a technical background, we understand it can be challenging for you to gain a full understanding of how the e-commerce app development process works. As a consequence, it will take a lot of your time in order to analyze and comprehend all of these factors. Furthermore, by choosing to take advantage of clone development, you will be able to save some money.
Integration of payment gateways: Different types of payment gateway integrations are available which you can choose based on your business needs
Hosting payment gateways are a type of payment gateway that redirects the customer to a secure payment page hosted by the provider of the payment gateway, rather than sending them to an external website for their payment. In this page, you can enter the payment information and proceed with the process.
The embedded payment gateway is used by e-commerce applications in order to allow the customer to enter his or her payment information directly within the app when checking out. In order to process the payment, all payment information is passed securely to the payment gateway.
The integration of a mobile wallet will allow customers to pay using a digital wallet, such as Apple Pay or Google Pay, enabling them to make purchases on the go.
An API integration can be seen as creating a direct connection between the e-commerce app and the payment gateway, by using an API that facilitates communication between the two. As a result, users enjoy a seamless experience when making a payment within the app.
The integration of local payment methods may be necessary in some countries, such as Alipay in China or iDEAL in the Netherlands.
Apps can also integrate alternative payment methods like cryptocurrency or peer-to-peer payments.
Costs for developing e-commerce apps vary depending on their complexity and resources required to develop them. A mobile e-commerce app can cost anywhere from $10,000 to $500,000.
On the basis of the complexity of the app, these are some rough estimates:
Basic e-commerce app: $10,000 - $50,000
Mid-range e-commerce app: $50,000 - $150,000
Complex e-commerce app: $150,000 - $500,000+
These are just rough estimates, and the actual cost may differ depending on the project requirements. Getting a detailed cost estimate from a development team before you begin development is always a good idea.
Step 1: Focus on developing the most important features of your app first. By launching your app as a minimum viable product (MVP) and adding features as you go, you can reduce overall development costs.
Step 2: You can build an e-commerce app without starting from scratch using pre-built platforms like Shopify. By using a pre-built platform, you can reduce development costs.
Step 3: Develop the product in a low-cost location: By hiring a development team that is based in a lower-cost country, you can help to reduce the overall cost of the product as well.
Step 4: In order to reduce the cost of development, you may need to consider using open-source technologies since this will enable you to eliminate the need to purchase proprietary software licenses and reduce development costs.
Step 5: Using code that you've already developed - if you have developed an e-commerce app before, you might be able to reuse a few of the code from that project in your current project, which will allow you to reduce the costs associated with it.
Step 6: It is best to work with a development team that offers a fixed-price contract rather than an hourly rate to ensure you are getting the best value for your money. It'll help you budget better and avoid surprises.
Neetable has a team of highly skilled developers who can help you create a responsive and robust mobile app to differentiate your business in the digital world.
We have years of experience developing e-commerce apps. We keep abreast of what's new with the latest trends and features on the market. We only add features that will complement your app, and as a result, this will automatically bring down your costs associated with creating an e-commerce app.
Whenever you need an app developed, you can trust us to do it right.
Steps involved in creating an e-commerce app:
Decide what you want to accomplish.
Select the right platform for your project.
Identify the features you want.
Develop UX and UI designs.
Create the MVP.
Consult with your audience.
Mobile apps allow businesses to remain within reach of their customers, who can shop from their businesses without even opening a browser. As long as your app is available on their smartphone, they will be able to find it easily.
A major benefit of mobile phones is that they offer on the go shopping while desktops do not. The user of an ecommerce app can browse products on the app and place orders on their mobile device even if he or she are far from home or are traveling by foot.
The use of ecommerce mobile apps by businesses will allow them to send push notifications to their customers in order to increase sales and patronage. If there is any offer or discount available, they will be notified as soon as it becomes available.
Ecommerce apps also help brands make themselves stand out in the crowd and give them a boost when it comes to brand recognition. Customers often start recognizing brands after seeing their apps on Android or iOS marketplaces.
On average, we can say that the total cost of constructing and developing a mobile app for ecommerce is between $30,000 and $200,000. Depending on the app complexity, features, and all the other factors that we discussed earlier in this blog, you can see if this is the case.
In terms of custom development - the time it takes to develop an e-commerce application can range from 3 months to 12 months. Ready-made software is something that can be done within a week or 3 months, depending on the complexity.