E-commerce mobile applications are becoming increasingly popular in today's digital age due to the ease with which consumers can purchase products and services through their mobile devices. However, developing a mobile e-commerce app takes time and effort, especially in estimating costs. Therefore, conducting a cost analysis is crucial to determine the resources and budget required for mobile app development.
The importance of mobile commerce apps lies in their ability to reach the growing number of smartphone users worldwide. These apps have become an essential tools for businesses looking to improve their online sales and provide a seamless shopping experience to their customers.
This article examines the cost of developing a mobile e-commerce app and the factors that influence its cost.
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Features of E-commerce app development
Here are some popular features you can choose to include in your e-commerce app to keep your customers engaged:
1. Buy-now-pay-later
More shoppers expect to have a "Buy Now, Pay Later" (BNPL) option with a service like Afterpay. Users can now buy and pay for it in several payments. In fact, by 2026, BNPL's contracts are expected to grow to over $450 billion. According to specific reports, customers and merchants alike prefer BNPL for making large, installment purchases and payments.
2. Live Stream Shopping
This is another great feature that you can include in e-commerce app development. A common practice among live streamers is to pin a direct link to a product profile that features a brand's merchandise. Live streaming has had a 10x higher conversion rate than any other element on e-commerce websites in the past year.
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3. Social Media Integration
When it comes to retail technology, social media integration is one of the most powerful and important aspects of e-commerce. Integrating social media will make it easier for customers to use your app's login, registration, and product-sharing features.
Another convenient aspect of mobile e-commerce app development is sharing discount coupons and other marketing efforts with friends and followers. Additionally, students can share their app-earned achievements. As a result, more customers will know about your company and product.
4. Rating & Feedback
The ability to rate and provide comments is a staple of most e-commerce apps. It's easy to assume that users are the only ones who can get anything out of a reporting or feedback system. Any comments or suggestions users have about your app can help you improve it.
This is a great feature for your app as it allows users to rate on a public forum. Positive ratings are expected to attract more users through word of mouth.
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Advanced Features to Include in an E-commerce App
Businesses can integrate traditional functions as well as advanced features to make their e-commerce app stand out and provide a unique and differentiated user experience. Consider the following advanced features:
AR (Augmented Reality): AR technology is used to provide consumers with an immersive shopping experience that allows them to virtually try on clothes and see how furniture will look in their homes, among other things.
Voice Search: Voice-powered search technology that allows users to find what they're looking for without typing or browsing menus.
Social Login: The system allows users to log in using their social media profiles, making the sign-up process faster and easier.
Image ID: Customers can use image recognition technology to take a photo of a product and immediately find it in the app, or use the camera to scan barcodes for quick product information and purchase.
Chatbot: Chatbot provides instant support and assistance to customers including product recommendations, order tracking, and more.
Virtual Reality (VR): VR technology offers consumers a fully immersive shopping experience, allowing them to explore products in a virtual environment.
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Real-Time Inventory Management: A real-time inventory management system that provides clients with up-to-date product availability information while preventing over-selling.
Cost of developing a mobile shopping app
Factors that determine the cost of e-commerce app development
The cost of any mobile app development depends on these main factors:
Tech Stock
Number of features
Overall app complexity
Design complexity
Size of your development team and hourly rates
The Cost to develop mobile app depends on the country. Eastern Europe has moderate hourly rates, and a good quality shopping app in the US or UK can be expensive. At the same time, you can save money if you build a shopping app in Eastern Europe, which is much cheaper for the same quality work.
The cost of the online shopping app depends on the hourly rates of the team you hire. This is why many companies prefer to outsource their projects, as the hourly rates depend on the country and the Best mobile app development company you choose. Here you can see the hourly rates in different regions:
App development prices can vary based on factors like the number of features and supported platforms, backend complexity, number of integrations, etc. On average, a typical app version for one platform (iOS or Android) will cost you $50,000+. If you want to create a shopping app for iOS and Android, you might pay $100,000.
In cases of complex Android / iOS app development with highly customized design and support for both platforms, the price can reach $250,000 and even beyond. If you want to learn more about app development cost estimation processes, check out our team's extensive guide and overview of factors that affect the final price.
The End
E-commerce app development is a long and complex process that can seem overwhelming at first. However, with the right vendor, you'll create a shopping app with no effort. USM Business Systems is a team of custom software development experts who can provide the best online shopping app for your specific needs and requirements. Contact USM Business Systems to learn more about how to build an online store and get a quote for the project. Our team is ready to take your idea and build a high-performance application that drives your business.
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