Cost of E-commerce App Development (Alongside Suggestions for Effective Budget Management)
Ready to find your perfect app developer and build your e-commerce empire? Here's our straight-up guide on unleashing your online store's full potential!
With digital transformation pouring into every corner like a tidal wave, e-commerce has splashed onto the retail scene, leaving no doubt that it's here to stay. Global e-commerce market projections point to a blooming future for online retailers.
But you can't help but wonder, just how much will it cost to develop an e-commerce app for your expanding empire?
The costs for e-commerce app development can vary like the market price for a rare piece of art, with factors like complexity and added features impacting the final price tag.
Let's dive in and find out what you can expect to shell out for a mid-tier e-commerce app.
A mid-tier e-commerce app, broken down:
Mid-tier e-commerce apps usually include features like user account registration, secure payment gateways, inventory management, personalized product listings, and sometimes multi-vendor capabilities. These extra bells and whistles can jack up the cost, especially with a touch of personalization.
Cost estimates for a mid-tier e-commerce app might start around the $50,000 mark, climbing up to $120,000 or even higher, depending on the complexity and tools used.
Development timeline: impending deadlines and strict schedules
The average development timeline for a mid-tier e-commerce app spans between four to nine months, depending on the complexity and efficiency of the development team.
Platforms and technologies: the heart of your app
Deciding on the platform and technologies that will power your app can also play a significant role in the overall costs. Consider whether a native or cross-platform approach is best for your project, as cross-platform development can potentially save you 20 to 40% on costs compared to native development[2].
The global workforce: rates fluctuate across the globe
Developer costs also vary by region, with North American developers typically charging more than their counterparts in Eastern Europe or Asia[2][3].
Maintenance costs: keeping your app healthy and happy
Don't forget about the additional cost of ongoing maintenance and updates, which can eat up to 25% of the initial development budget every year[1][3].
In a nutshell, a mid-tier e-commerce app can cost anywhere from $50,000 to $150,000, with the exact price tag depending on the app's complexity, features, and development approach.
Frightened by those numbers? Take a deep breath and remember one thing – you have more control over ecommerce app development cost than you might think. By understanding the factors that influence cost and discovering ways to manage that cost, you'll boost your chances of success in the fiercely competitive e-commerce world.
So, player, it's time to roll up your sleeves and dive headfirst into the e-commerce galaxy. Grab a copy of our [free e-commerce app developer comparison guide][6] to help you find the perfect partner for your stellar journey and unlock the secrets to e-commerce stardom!
Hey, need a hand finding the perfect app dev?
Download our FREE comparison guide
Wanna grow your empire with e-commerce app development?
Currency: USD
Sources:
[1] Moon, K. (2020, February 13). How Much Does App Development Cost? How to Estimate App Developement Cost for Your Idea. MobileWhizKids.
[2] Nash, C. (2019, September 26). Why you should choose a cross-platform mobile app for your business. Schema Ninja.
[3] Sohoni, S. (2020, April 2). How much does it cost to develop an e-commerce app?. Dotted Square.
[4] Yadav, D. (2018, December 12). E-commerce application development cost: factors determining the cost. Intagon.
While delving into mobile app development for your e-commerce business, incorporating advanced features such as user accounts, secure payment gateways, inventory management, and personalized product listings might incur additional costs. The selection of platform and technologies used can also significantly impact the app's cost, with cross-platform development potentially offering cost savings compared to native development. Keep in mind that ongoing maintenance and updates can consume up to 25% of the initial development budget annually.
){kind=link}