Sep 30, 2024 App Development
Cost To Create An E-commerce App: Guide To Features, Process And Monetization Model
Sep 30, 2024 App Development
Table of Contents
Sep 30, 2024 App Development / Neha Joshi
Looking to create an e-commerce mobile app for your business to drive better growth, how much does it cost to create an e-commerce app?
The average cost to build an ecommerce app ranges from $20,000 to $35,000+ or it can go beyond $50,000+ for the ecommerce app integrated with complex functionalities. Other multiple aspects further affect the mobile app development cost.
No matter how expensive it will be to invest in ecommerce mobile app development solutions, ultimately it will ensure your growth in the future.
Over the years, ecommerce has become an indispensable part of the global retail industry where buyers and sellers have undergone a substantial transformation.
With each passing year, the number of users making online purchases has been rapidly increasing and has reached around 5 billion.
Moreover, in 2024, retail e-commerce sales are estimated to exceed $4.1 trillion worldwide and this figure is expected to grow at 9.60% in the coming five years.
Ecommerce mobile applications are quickly reshaping the ecommerce landscape. And while we are talking about ecommerce applications, Amazon, eBay, Walmart, and AliExpress are leading the domain.
These leading ecommerce platforms are contributing to the major ecommerce market share and are expected to make jaw-dropping sales growth of around $8.1 trillion by 2026. In addition, the continuous growth indicates that e-commerce applications are here to stay in the market. And developing an ecommerce app is a way to stay on the top in the online retail industry.
Looking to create an ecommerce app for your business that ensures your success? Alcax enables you to hire mobile app developers, who help you build an app from scratch or update the existing one to drive success. Let’s connect now!
With 5 billion online shopping users, it’s already clear that mobile commerce is the future. People love scrolling through products and shopping through mobile apps in their free time.
If you want to make your brand available on their mobile screen, then it’s important to have an app for your store and stay ahead in the market. Apart, here are a few reasons you need to hire an app developer to customize the commerce app for your business:
Deliver Better User Experience: A well-planned mobile shopping app is far easier to approach and navigate than browsing ecommerce websites or visiting any traditional store.
Improve Brand Visibility: Your online business can reach a wider customer base of mobile phone users through mobile apps.
Build Customer Trust: Did you know that 60% of customers check products online before they make a final purchase? Offering a facility to make online purchases can build customer trust and make your brand more reliable.
Increase Marketing And Sales: Utilizing features like push notifications, and personalized recommendation, you can 10x your online sales and be able to improve your marketing strategies.
Access To More Data: Through mobile shopping apps, you can have access to rich data that can be used for better customer targeting.
Getting an e-commerce mobile app developed for your brand is a challenging decision, so if you are still doubting whether to hire an app developer to build an e-commerce app, then consider these key stats and facts about the industry…
Unlike traditional retail businesses, ecommerce online stores can ensure various advantages and help you get customers worldwide. But before you make any final decision, here are some current trends in the ecommerce industry with stats that help you build a perfect strategy:
Source: smscountry
With these stats and facts, it is fair enough to perceive that the ecommerce mobile app industry is rapidly growing and has a bright future. So whether you are planning to venture into the ecommerce industry with a full-feature loaded app, then you need to hire an Android app developer to build an app supporting all Android devices.
If you have finally decided to build a custom ecommerce app but are not sure what services it will offer to your business, then consider a brief overview of the services that the ecommerce app provides:
These are the few major key highlights of the leading ecommerce apps like Amazon, Walmart, and more, which enable them to attract more customers and keep them engaged longer on the app.
So how much does it cost to build an ecommerce mobile app? If you are also struggling with this question, then you have landed at the right place!
The ecommerce mobile app development cost typically ranges between $12,000 to $20,000 and can go to $50,000+ for the advanced app version. However, the cost of an ecommerce app development can go up and down depending upon such factors including the complexity of the app, number of features and functionalities, platform support, design, developer’s location, and ongoing support of the app.
Different apps have different requirements, therefore no single app that can fit all requirements. Thus there is no single price for all apps.
If you evaluating various factors that can impact the overall app development cost, then here you can categorize into three levels:
The app developed with basic and simple features with no complex backend requirements, can cost between $12,000 to $15,000+ and may take around 3 to 5 months for development.
If the ecommerce app offers a decent range of products and handles an average range of customer base then your mid-level app should be considered which includes all the essential features and may cost between $20,000 to $25,000+. The average timeline to create this type of app would range between 5 to 9 months.
This would be proper enterprise-grade apps, covering a wide range of products and handling a large customer base. These are a comprehensive set of applications that manage large inventory, and multiple sales channels, and support unlimited product categories. Moreover, this app version can be further integrated with ERP and CRMs to provide complete control over ecommerce stores. Usually, you can expect to spend anywhere from $35,000 to $50,000+.
These rough estimations can greatly fluctuate depending on your business requirements. If you are ready with your requirements, then it is worth booking a free 15-minute slot with our mobile app development experts to evaluate your requirements and get accurate estimations.
Regardless of what you are spending on the ecommerce app development, your ultimate goal is to make money from the app and get user conversions. Though there are several ways to make money from the ecommerce app, let’s understand the monetization model of Amazon, Walmart, and eBay and learn how they make money from the app…
This is how these leading ecommerce brands are making money through their ecommerce stores. Get inspired by these monetizing strategies and let our developers help you customize the most suitable monetization strategy for your ecommerce business.
The app’s success is majorly dependent upon the choice of features and functionalities you prioritize in the app. So to create an ecommerce app like Amazon, you need to make three panels including a user, admin, and delivery panel. Each panel is customized with specific features to make an app work smoothly.
Hopefully, with the end of this blog, it’s clear that the ecommerce industry is booming, and building an ecommerce app for your business can help you extend your reach and acquire more customers. But how much does it cost to create an ecommerce app? The cost of producing an app varies based on the type of app you desire for your business, the features and functionalities you prioritize integrating into the app, and the app development team you desire to work with.
No matter how much exactly it costs to create an online shopping app, it surely brings ultimate returns to your business in the future. All you have to do is hire a mobile app development company that combines the right planning, and app development strategy along with the latest ecommerce trends and technologies to drive success.
If you are all set with your requirements or require any assistance understanding what type of ecommerce app you will require for your business, then contact us or drop a query below!
If you still have doubts about getting started with an ecommerce app, then you can consider these frequently asked questions and answers to further get more clarity.
Migrating your traditional business approach to an online ecommerce mobile app can assure you a more personalized and streamlined customer experience. It can help your business gain more brand recognition and growth that you can’t achieve with the traditional business model.
The average cost to create an e-commerce mobile app often ranges between $15,000 to $25,000+, but Amazon is a comprehensive version of ecommerce apps heavily loaded with advanced features and functionalities that may cost between $50,000 to $75,000+, depending upon your complex requirements.
No, the price of developing an ecommerce app depends on several factors that might be both pricey and cost-effective. The final estimation can be calculated based on your unique requirements.
Yes, Alcax can help you significantly reduce the ecommerce app development company by creating MVP (Minimum Viable Product), using existing frameworks, outsourcing it to cost-effective regions, ready-made APIs, and more.
An ecommerce app can take anywhere between 4 to 6 months to develop with the basic functionalities. However, depending upon the complexity of the app’s design, its requirements, integration preferences, and more, the final timeline can vary from 7 to 12 months.