How Much Does it Cost to Build an Online Marketplace in 2021
Contents
Frequently Asked Questions
Depending on the scope of your project and the rates of your software provider, you can get different prices for building a marketplace website. However, you can expect the development costs of the e-commerce website to start from $26,800 if you opt for East European software developers.
The cost of running such a marketplace website will include the price of hosting, backups, license fees, tech support, firewalls, and site maintenance. Calculate the sum of these services and you will get an approximate cost of running a marketplace.
First, you need to decide on the software development provider to build your marketplace website. If you opt for East Ukrainian web developers, you will get the average web developer rate of $40 per hour. Thus, you can anticipate the cost of developing a marketplace website to start from $26,800.
The scope of a project and web development rates are two major factors that affect the cost to develop a marketplace app. Building a marketplace with basic functionality amounts to 670-700 hours on average. And the costs of web development vary from $35 per hour in Eastern Europe to $140 hourly rate in the US.
The average cost of marketplace development can start with $26,800 in Ukraine and $91,300 in the US. To calculate the final costs, consider such aspects as software provider choice, needed functionality, and security. After all, your development partner will provide you with an accurate estimate.