Planning and launching an online business is exciting. Starting a digital business is becoming easier and it is now seen as a viable investment option that can generate passive income generally comparable to other options such as stocks, forex or mutual funds. Unfortunately, very few stores barely survive beyond their first year of operation due to various reasons such as lack of motivation, poor product range, incomplete market research or incompetence in operations. However, the most common reason why many e-commerce stores don’t go beyond the drawing board are misconceptions about the true cost of launching the store. The following article does not cover the entire cost of WooCommerce to do business online, but it does cover the various prices involved in running an online store.
How Much Does Woocommerce Cost
WooCommerce is a free WordPress plugin. Since both are free, in theory you could start a store for $0, given that you already have a place to host it and a bunch of products to sell. However, things are not so simple in a not so perfect world. When running a WooCommerce-powered store, you need to consider other costs essential to running a profitable business. I will cover these costs one by one and by the end of this article, I hope you will have a better understanding of the main elements to include in setting up the WooCommerce store launch and Thailand Phone Number List maintenance budget. Domain cost A domain is an address on the web that is easy to remember and matches the nature of your business.
The Most Common Reason Why Many E-commerce Stores
I’m sure you can find a million bad domain choices on the web. But you can easily avoid this bad decision by thinking about it or by using online tools that suggest relevant domain names for your online store. It is difficult to assign a specific price to a domain. In fact, the final cost varies depending on factors such as the registrar, the extension (.com, .net, .io). The uniqueness of the domain. If you’re not very picky but lucky, you can get the domain of your choice in less than $10! All you have to do is search for the right phrase. Let me give you an example, for my dairy farm store; instead of searching for the domain milkfarm[dot]com – which by the way can cost me a fortune (if available), I can try nearby variants such as “everydaydairy.com”. Go see it, it may still be available.