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Have you ever wondered how much it costs to set up an online store? Many aspects go into starting an e-commerce site. Keep reading this post to get an idea of how much you need to invest. The article is based on the experiences of entrepreneurs on luminablog.
Investing in e-commerce How much does it cost to set up an online store?
E-commerce has become a cheap alternative for many entrepreneurs. The unemployed, the self-employed, or people who want to generate extra income have resorted to this form of business. And is that selling products and services on a virtual platform requires lower costs than a physical store. You can also analyze a list of finance services that will help you with your business budget.
But it is not just about developing the platform where e-commerce will work. Several factors influence the creation of an online store and affect its cost. Before you are surprised, you need to know the basics you will face along the way.
Launching the online business site is just one step, would you be surprised to know that it is not the first? You need to have a domain, choose the hosting service, select the platform where you will create it, and work on an attractive design.
Domain and hosting
The domain is the name that will identify your e-commerce website, and hosting is the service where all the files and information about it are stored. No website – store or not – would work without them. So, once you have a reliable internet connection, this is the second step you should take.
There are companies, such as Axarnet, that offer this type of service to contract both web hosting and domain registration. The price varies from one to another and, in addition, there are different plans to adapt it to the needs of each customer.
Online store design
Once you have the domain and hosting, you need to work on the design. You will need to choose a platform such as WordPress, Prestashop, or Magento, to name a few of the many available.
Each gives you different benefits and features, so you should evaluate well before making a decision. Otherwise, you could end up with a complicated store to manage when you need something simpler.
Your online store needs a payment system so that you receive the money from sales. The most common is through credit or debit cards. To offer this option you must have a virtual point of sale (POS) terminal, a service that is contracted through financial institutions.
Holding an SSL certificate allows you to encrypt all information entered by a user on a website when it is sent. Having such a service allows the customer to be sure that their data will not be used for other purposes and provides reliability to the online store.
Additional costs for an online store
So far we have talked about the main costs you will have to invest in when creating an online store. In addition, there are others that you should consider when it is time to take action.
For example, when designing the web, you need to think about the features you want to add to the store. They can be meant to improve the customer experience, provide greater security, manage SEO strategies, optimize internet speed.
You can also add a blog, integrate social networks, have programs to compare prices, check stocks, remove expired coupons, and more.