Where and How to spend while creating your online business !

With the ongoing competition in e-commerce, the costs involved for setting up a whole new e-commerce business are pretty high. There are several factors that need to be considered while starting an online store. Here is a detailed description of all the costs involved inĀ launching your own startup:

1. Website Building and Development: This is the basic need while starting your business. If you hire freelancers for developing they’ll cost you an average of $35 an hour. But website building also include various cost factors apart from website building. That’ll include:
a) Domain Name: It’ll cost you around $10 per year
b) Hosting: Web Hosting totally depends on the traffic and hosting services. It may cost you as low as $10 and as high as $100 per year.
c) Website Maintenance: Even if you hire a freelancer or a full-time web developer to develop a website for designing your website, you need to regularly update it and maintain it. Website maintenance providers charges as high as $600 per year but it depends on the number of products and frequency of updates. (more…)