Cost and Fees of Running an Online Store
The price of the e-commerce platform and the fees that go along with it are a very important factor when you are trying to make your choice because everyone wants to get more bang for their buck. Shopify has a very clean pricing plan, while WooCommerce doesn’t.
Shopify is very straightforward and it gives you out-of-the-box solution with a few fixed pricing plans. In those plans, they tell you what is covered and some of the additional features that you get if you upgrade to a more expensive plan. So, you just need to sign up and you’ll get to use your online store immediately since everything is included from the get-go.
Shopify offers 3 pricing packages – Basic Shopify ($29/month), Shopify ($79/month), and Advanced Shopify ($299/month). Each package offers some additional features as the price goes up. The Basic Shopify plan is all you need if you are a small business or a start-up. When you pick a plan and sign up, Shopify will give you a free subdomain (e.g. yourstore.shopify.com), and if you want to change it to your own custom domain (yourstore.com), then you need to buy a domain directly from Shopify or third-party domain provider like Namecheap, and this will cost you $10-13 on average.
Yes, WooCommerce is a free plugin for WordPress and it is really free, but you also have to consider all of the additional side costs that you will have to pay in order to have your store up and running properly. You also won’t have to pay anything to use WordPress, but here are some of the things that you’ll have to cover if you decide to go with WooCommerce:
Hosting for WooCommerce will cost you $5-100 a month (depending on the web host and your needs) and you’ll also need to get a domain and SSL certificate. The monthly cost will vary, and for example, it can be around $19 a month (considering that you are paying $10 per month for hosting) so the price is somewhat cheaper than the basic Shopify plan. So, even though the WooCommerce is free to install, running an online store with it is not completely free. Another thing that you’ll have to cover if you opt for WooCommerce are additional extensions for things like payment gateways, and they are usually a one-time fee of $49-79.
Depending on your expenses, WooCommerce might be cheaper, but it will require more work to set it up when compared to Shopify, and you’ll also need to be careful to not go over the budget as those additional extensions will add up.
Both platform’s main differences affect how their costs add up. WooCommerce is a lower budget option in most cases, depending on your needs for hosting and extensions. Shopify might look more expensive, but for the money spent, you are getting the ease of use and quicker setup of your online store, so it would come down to a personal choice.
In the end, WooCommerce is a money-saving alternative and you will pay only as much as you want to expand.