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How to Calculate the Real Cost of an E-commerce Solution: Crunching the Numbers to Figure Out Total Cost of Ownership

How to Calculate the Real Cost of an E-commerce Solution: Crunching the Numbers to Figure Out Total Cost of Ownership

NetSuite
Published by: Research Desk Released: Jun 05, 2020

“How much does it cost?” is the question every decision-maker asks when investing in any product or service for their business. The answer is not as simple as you might think—or hope—when it comes to ecommerce technology. In today’s business environment, almost every company has an online presence regardless of industry or whether they sell business-to-consumer, business-to-business or both.

Total cost of ownership is a weighty term with many pieces to the equation, among them licensing, implementation, support, integrations, apps/extensions, transaction fees and hosting fees. Each of these costs can vary greatly depending on your business needs, revenue, and which ecommerce solution you choose, so it’s critical to crunch the numbers before you choose your best fit. This eBook breaks down each of them.