In this article, we’ve considered how to build an e-commerce platform. We have also calculated the cost of developing an e-commerce website and are ready to show it to you. But first, take a brief look at how the coronavirus quarantine is affecting the industry.
As online shopping is one of the most popular Internet activities globally, the e-commerce sector is rapidly developing even without the impact of coronavirus. In 2019, retail e-commerce sales worldwide reached $3.5 trillion, while online retail revenues are forecasted to increase to $6.54 trillion in 2022, which is almost 2 times higher.
How COVID-19 is affecting the retail and e-commerce industry:
- Under the impact of the COVID-19 outbreak, growth trends in online retailing have seen significant ups and downs the third week of March 2020, in comparison with the same period in 2019 (Statista).
- In Italy, online retail transactions increased by 101% during the third week of March 2020. In the United Kingdom, the weekly growth rate reached a peak after the national lockdown imposed at the end of the month (Statista).
- The Wall Street Journal reported that Amazon is going to hire 100,000 workers in the United State and increase hourly wages by $2.
- Currently, grocery delivery services are witnessing exponential business growth. In accordance with the report by Apptopia , mobile app downloads raised by 124%, 160%, and 216% for Shipt, Walmart Grocery, and Instacart respectively.
To build an e-commerce site, you will have to buy a hosting and domain name. You will also need an SSL certificate to encrypt data. The cost is the following:
Domain name — $10-$20 per year
Hosting — $100-$200
SSL certificate — $6 to $150
1) Discovery stage, when an IT service vendor analyzes the project goals and requirements
Each software project that a company builds from scratch, passes the same steps. However, e-commerce website development has some peculiarities. For instance, you will have to integrate a shopping cart and payment gateway.
Backend (what powers the frontend and implements a business logic): PHP, Python, Ruby, Flask, Django, Node.js, Express, Laravel, OctoberCMS, etc.
Find out how to choose the technology stack for your web project or contact us to receive a consultation from software experts.
So, you are going to make an e-commerce site. But where should you start? What functionality has the highest priority? We’ve collected a list of the key components that you should build and indicated the time for their development based on our practical experience.
1. A catalog page and product search
This is the page or pages where all products and their prices are displayed. A search engine provides customers with the ability to browse goods and quickly find what they need. This feature can include product categories, search filters, search on the map, and defining user location. The first two are those that you should integrate first of all.