How Much Money Do You Need for Ecommerce Business

Mika

Verified member
Credits
$0.08870
Ecommerce is the future of commerce. Ecommerce means trade and business done through the world wide web. It is so easy to do that you can start your own ecommerce site within 10 minutes. However, there is something you need to take care of, and the most important one is money.

What does it take to create ecommerce site? Well, it starts with an investment. How much money do you need? Well, the answer depends on various factors. For premium platforms like shopify, Bigcommerce, Wix, etc. you will have to spend around $350 on subscription fees (yearly subscription fees). In order to create an ecommerce site, you will also have to spend additional $100-$200 on themes and add-ons. If you want to minimize your cost by using open source ecommerce platforms like woocommerce, you will have to spend money on a domain and hosting. You will also have to use premium themes and plugins, which will add to your cost

Apart from store creation, you will also have to invest on building your inventory. You will either have to spend money to manufacture products or procure products to resell. Interestingly, you can try dropshipping or Print-On-Demand. These businesses do not need any investment for products, you will be selling someone else’s products.
 
Top