You have a great product which is now ready to be sold online. There are many ways you can approach it. First of all you should take your budget into consideration. Once you have an estimate of it you will be able decide if you wish to do it yourself or if you would like to employ someone who can do it for you. There are many freelancers or small and larger ecommerce design companies that provide this sort of services. The quality of an end-product will depend on the designer’s skills and their knowledge in building an ecommerce.
If you are willing to run your shop by yourself then regardless of your choice you will eventually need to choose a platform, an online foundation for your ecommerce.
Choosing ecommerce platform
There are a several choices again i.e. Shopify, Magento, Square Space to name just a few. All those sites are quite similar in many ways. They are providing like services but with a different approach. By subscribing for a free trial you can test most of them. You will be able to learn to navigate back end of your ecommerce store and see what features are available for you there. After the free trial ends you will be proposed with a subscription plan. Each plan will include different features. For some plans you can make an upfront yearly payment in one bulk or monthly if you wish. Usually it is cheaper to pay all upfront. However it isn’t always the best option, especially if you aren’t certain which plan will work for you best. We always recommend to our clients to start with a monthly subscription and adjust it later while they progress.
To give you a better idea we took three of the most recent Shopify pricing plans into consideration that might be suitable for you at the start.
Shopify Transaction fees
Before you decide on a pricing plan you should check a transaction fees. If you can estimate your mont
hly revenue, it will be easier for you to adjust the plan to your needs. With Shopify Advanced pricing plan commission rate is the lowest.
Shopify monthly cost and subscriptions
There are different chargers for each of the plan depending on which features they include. You should decide whether your ecommerce store will require all the added features, as it is an individual choice for every shop.
Basic Shopify – $29.00 per month – as the name suggest is a plan suitable for when you starting your business.
Shopify – $79.00 per month – for slightly more busy online stores, when growing your business.
Advanced Shopify – $299.00 per month – It obviously includes many more features compare to other plans, suits already established businesses rather than start up.
Please note that (as Shopify already mentions on their pricing page here, please take a look for more in depth information: https://www.shopify.co.uk/pricing ). These prices are valid until 1st of October 2016. “Shopify Payments credit card fees will be billed in your selected currency. All other fees, including monthly subscription fees, will be billed in US dollars and are subject to government tax and other prevailing charges.”
Similarly, another major part to the monthly pricing that you really need to think about is the commission that Shopify is taking. If you are a newby to the ecommerce world we would advise you to start with the cheapest plan and then to build your way up. You can always upgrade it when you wish to.
If your store is using Shopify Payments, there will be a uniform charge for all of a major credit cards, which starts at 2.2% + 20p per transaction. This fee can be reduced to 1.6% + 20p, if you upgrade to Advanced Shopify. There are no fees for using Shopify Payments, however there are extra fees if you use external payment gateways i.e. SageWay, Amazon Payments, Authorize.net, Braintree, Cardstream.
Shopify external payments gateways
As we already mentioned Shopify allows using external payment gateways such as PayPal or SageWay and many more. There is a fee associated with that, but it is uniform to each payment gateway. The fee starts at 2.0% per transaction. It can be reduced to 0.5%, if you upgrade to Advanced Shopify.
As you can see there are a few expenditures to be considered before you start building your ecommerce shop. This is however just the beginning. There are many other details to think of i.e. Taxes, web testing, shipping, checkout, UX planning, visual design, copywriting and other additional features (apps) that your shop might require. If you haven’t got the right skills to build your ecommerce you might not get the desired outcome. The good news is that you can always look for help from professionals.
What costs to expect for building your ecommerce store
You may be wondering what kind of price should you pay when employing an ecommerce design agency or a freelancer? The price always differs and there isn’t a fix cost. It depends on how big your business is, on what your strategy for growth is and how quickly you would like to have it done. Usually it costs more for a shorter deadlines. Talking from our experience in building ecommerce stores we can say that you will be looking at around £1500.00 for a really basic ecommerce (with maximum of 30 products) to any number above. It really depends on what you are looking for and what budget you have.
Please get in touch if you require more in depth advice and looking to build an ecommerce store. We will be happy to help you!