Business Idea

Start A Shopping Cart Software

About

Starting a shopping cart software requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell shopping cart software, or selling shopping cart software online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a shopping cart software ➜

Key stats

market size
$737M
revenue (monthly)
$85K
starting costs
$27K
gross margin
20%
avg product price
$10
time to build
6 months
growth
SEO
time investment
Side project

About

Starting a shopping cart software requires a great deal of effort, dedication, and most importantly passion.

If you're interested in how to sell shopping cart software, or selling shopping cart software online, you can use this page as a guide for everything you'll need to know.

Want to learn more? You can check out our full guide on how to start a shopping cart software ➜

Key stats

market size
$737M
revenue (monthly)
$85K
starting costs
$27K
gross margin
20%

 

avg product price
$10
time to build
6 months
growth
SEO
time investment
Side project

Startup Costs

Min Startup Costs Max Startup Costs
Office Space Expenses $750 $7,000
Employee & Freelancer Expenses $151 $352
Equipment & Supply Expenses $500 $5,000
Website Costs $303 $7,215
Business Formation Fees $600 $4,700
App Creation Costs $1,000 $20,000
Software Expenses $162 $3,094
Advertising & Marketing Costs $0 $2,750
Other Expenses $0 $800
Total Startup Costs $3,466 $50,911

Successful Businesses

Business URL Rank
PayKickstart paykickstart.com #6,758
CS-Cart cs-cart.com #15,459
Tomtop tomtop.com #17,393
OpenCart opencart.com #23,780
Snipcart snipcart.com #51,171
Simtech Development simtechdev.com #61,810
Miva Ecommerce Platform miva.com #65,811
Zen Cart zen-cart.com #72,238
RomanCart romancart.com #113,775
Instacart instacart.careers #134,028
Kryptronic kryptronic.com #145,560

Pros & Cons

Pros Description
Flexibility You can put as much time into the business as you'd like. If you like the work and have some initial experience, you can start small and manage all aspects of the business on your own.
Ability to start your business from home It's not necessary to have a physical storefront or office space to get your business started. You can do everything from the comfort of your own home, at least in the beginning!
Meaningful business connections You never know who you will meet as a shopping cart software. This could be the start of an incredible business opportunity!
High customer retention rates Once a customer invests in your product, they've invested their time and energy to utilize your product/service which is highly valuable to them. Typically, your product or service becomes indispensable to your customer.
Pick & choose the clients you work with Shopping Cart Softwarees have the ability to choose the clients they work with. You have the freedom to work with only a few loyal clients or with hundreds of clients!
Gain exposure and experience This career allows you to gain experience working for multiple different businesses - which will benefit your resume and also keep things interesting for you!
Cons Description
Motivation of employees If you plan to have a sales/content team on board, finding creative ways to motivate them can be a challenge. It's important that you're able to offer great incentives and a good work environment for your employees.
Longer Sales Process A shopping cart software can be a big time and money investment for your customer, so it's important you plan and predict a longer conversion funnel and stay in communication with potential customers.
Security Issues With any Saas business, data loss and security issues may arise throughout your process of building your product. It's critical that you understand exactly what you're responsible for and how to avoid potential issues down the road.
Low margins The gross margins for your shopping cart software are typically around 20%, which can make it more challenging to incur new expenses and maintain profitability.
High employee turnover In the shopping cart software, employee turnover is often high, which can be quite costly and time consuming for your business. It's important to try and avoid this as much as possible by offering competitive pay, benefits, and a positive work environment.
Taxes As a shopping cart software, you typically pay self-employment taxes which can be quite high. It's important to understand what you will be paying in taxes each year so you can determine if the work you're taking on is worth it.

Marketing Ideas

  • 1

    Word of mouth

    Word of mouth is when a consumers reflects their interest in a company’s product or service in their daily dialogues.

    Therefore, word of mouth advertising is essentially a free advertising triggered by the customers experience.

    According to Nielsen, 92% of people trust recommendations from friends and family.

    Therefore, in today’s hyper-connected world, a single recommendation through a word of mouth can have a huge impact to your business.

  • 2

    Partnerships

    A partnership is a formal agreement between two or more entities to oversee business operations and share profits and liabilities.

    Creating strategic partnerships with an existing business can be a huge win for a startup.

    This is considering that a partnership creates a new slate of future options for your startup.

    On the other side, pursuit of partnerships could suck up a ton of time, and bunch of resources, and fail to materialize.

    Therefore, entrepreneurs need to do proper research and evaluate the possibilities of achieving success through partnerships.

  • 3

    Social Media Advertising

    Social media advertising is the use of social media platforms to connect with your audience with the objective to build your brand, increase sales, and drive website traffic.

    According to Oberlo, approximately 48% of the global population use social media, and the number is ever-growing.

    Therefore, social media allows brands access to cost-effective advertising by enabling them to interact with a large audience.

    Learn more about social media advertising ➜