The Estimated Cost And Features Of New eCommerce Application In 2023

It is common knowledge that the eCommerce sector is one of the most profitable sectors of business around the world. The eCommerce sector developed at an amazing pace in the past few years, and the growth trends are here to stay.

The online shopping and business sector has even diversified further into reselling and dropshipping. Those who have entered the eCommerce sector at the right time have secured high-scale profits and revenue for years to come. The trend continues, and you can enter the eCommerce sector with a few steps and proper planning.

One of the steps that are very crucial to ace is the eCommerce app development process. The eCommerce application acts as a one-stop destination for shopping for customers around the world.

If you really wish to appeal to your target audience, you need to focus on the eCommerce app development process. Of course, with the developers and design professionals working in the IT sector today, the online shopping app development process is a very easy and fast process.

However, there has been such a huge boom of online shopping and eCommerce apps that to get an edge over your competitors, you need to invest in the Custom eCommerce app development process.

Before you start to talk with eCommerce app development companies, you need to know about the resources needed for it. When you are going to approach a development team for your eCommerce app, make sure you are clear about the app idea.

How To Pitch The App Idea To ECommerce App Developers?

To put the app idea into perspective, you need to be clear about the fundamental idea and purpose of the app.

You can first take a paper and write down the app idea in 2 to 3 lines. You can also write the problem statement that your company wishes to resolve. When the problem statement and app idea are clear, the most important features of the eCommerce app will also be clear to the development team.

The app development team will help you choose the features and add to the portfolio of features that you should add to the application.

After this, you need to also outline the timeline and deadline of the eCommerce application development project so that the development team get an idea of when to finish the application development. Another important aspect you need to pay attention to is the financial resources that you put into the application development project.

Also Read: How to Hire Remote Developers? A Complete Guide

How Much Does It Cost To Develop A Good eCommerce Application?

Before you put down a number as the budget for the eCommerce application development project, the company needs to conduct research to know what is the industrial eCommerce App Development Costs and what will be the right budget to put forth.

Here you have to understand that the cost depends on the prerequisites of the application, the level of complexity you are predicting and the features you want to include.

Moreover, the application development cost also depends on the team that you are planning to hire. The expertise and skills that the development team brings to the table also decide the final development cost.

The basic development cost for the eCommerce app is $10000. But the higher end of this budget can be as high as $50000.

If you do not wish to spend a lot of money or wish to spend the money in a phase-by-phase manner, you can start in the middle of this financial band to invest in the eCommerce application development project.

When you are creating an eCommerce application from scratch, make sure you are going for a high-performance framework that operates on multiple platforms and devices.

Investing smartly and making the right choices will give you an eCommerce application that targets a wide audience and is very accessible. Now that we know the basic requirements and costs for eCommerce application development, let us talk about the most demanded features of an eCommerce app.

1. Audio Experience

Gone are the days when only focusing on the visuals and textual elements of an app was enough to make an app successful. On an eCommerce application, people wish to get a snippet of experience from any product that they actively browse on it.

The more information they get about the product on the platform, the more likely they are to trust the platform and buy the product.

Therefore, if you really wish to offer something novel to potential customers, you should add audio and video experience with all the products enlisted on the app.

A multimedia experience snippet with products on the eCommerce platform help increases engagement and revenue for the eCommerce company.

2. Live stream Shopping

Today, the application world is all about enhancing user experience. Online shoppers wish to be fully involved with the shopping process so that they feel like they are shopping from a real-life shop.

To make the shopping process on the eCommerce platform really interactive, you need to include the feature of live stream shopping in its layout. Livestream shopping is very interactive and entertaining for dedicated customers.

By live stream shopping, the customers are able to connect with real sellers and the trust factor is strengthened.

Most of the leading online shopping platforms have tried the live stream feature, and it has been a hit so far. So, if you are going to create an eCommerce app in the future, add the live stream shopping feature for a great impact and increased popularity.

3. The Pay Later Feature

Leading eCommerce platforms are also launching their own credit shopping feature that works on the buy now pay later model.

The buy now pays later model increases the convenience of buying things from the platform as the buyer does not have to worry about the final bill until the next month.

The inclusion of the buy now and pay later feature helps increase the volume of shopping from individuals as they can buy without worrying about payment.

For example, suppose a person wants to buy something from an eCommerce application, but he does not have the money to afford it for the month. He can still buy it and then plan his financials for the next month so that he does not face a loss. This feature helps customers fulfill their immediate needs and wish-listed items.

Also Read: PWA: What Is It, And What Are Its Benefits For eCommerce Business?

4. Augmented Reality

This is the era of artificial intelligence and augmented virtual reality that can offer us more than a human experience.

When you are starting to develop an eCommerce app for your audience, be sure to include features that are supported by artificial intelligence and augmented reality. This will give your customers something new to experience and set you apart from your competitors.

The technology of augmented reality is still under development, and not many eCommerce platforms have used it. You can pioneer this technology into the sector with carefully planned features.

AR can be used to animate and enhance advertisements and promotional banners. AR can also be used to help potential customers in gathering experience about a product before buying it. The use of AI and AR can improve the personalisation and interactive nature of the eCommerce platform for customers.

Conclusion

eCommerce apps have been used for at least a decade. There are many basic features that simplify the navigation and use of such apps. Customers go to eCommerce platforms to find novelty and convenience.

Therefore, the eCommerce app features should be integrated into the app framework in such a way that actions are simplified for users. In this article, we break away from the basic features and talk about some new-age eCommerce app features that should get attention from development companies.