With the evolution of the online store over the years, it has become effortless to visit an online store, browse via different categories, pay, and get the product in your hands within a couple of days. Hence, online store purchase has become like a walk in the park.
With different languages such as HTML, WordPress, PHP, etc., you can create any type of website. But, the eCommerce store is a different thing. To build a modern eCommerce store quickly and with ease, you can use platforms like Shopify, Magento, BigCommerce, Prestashop, etc.
Out of all this, Magento is the most popular platform as it is accepted by more than 240,000 users across the globe. Here, in this post, we will explain what is Magento software and how much does it cost?
Let’s dive deep into it.
What is Magento?
Magento is a leading eCommerce platform present in the industry today. It is developed on open-source technology. Hence, anyone can access the software for free.
It offers all the online merchants an adaptable shopping cart system, freedom to choose the look, content, and features of the online store. Moreover, it provides effective methods of marketing, search engine optimization, and inventory management.
Now, we will look at some of the benefits that you get when you choose Magento for your eCommerce store.
Benefits of Choosing Magento over other eCommerce Platforms
- Magento offers excellent scalability & flexibility; hence you have the option to expand your eCommerce store anytime in the future.
- It enables an eCommerce store to choose any hosting company that it wants.
- It provides high-customization options where you can configure all the product categories and features, & all the things from start to finish. However, for this, you need to code all the things from scratch. To achieve this, you can hire Magento developers; who will provide you with the ultimate eCommerce store.
- Magento is SEO-Friendly, which means you can optimize product pages and descriptions efficiently.
- It offers the best order preferences and product management options. Using Magento, it’s quite simple to check various things like transaction history, modify product descriptions, add images, export reports, and add or delete products.
- Magento enables various third-party integrations that comprise of a wide range of web applications and payment gateways.
- It supports a wide number of currencies; hence, you can operate your eCommerce store anywhere across the world. Also, it supports multiple languages.
Before developing an eCommerce store in Magento, the first question that appears in anyone’s mind is how much does Magento cost. Here, we will explain to you in detail the cost of setting an eCommerce store using Magento.
How much does Magento Cost?
The cost of developing an eCommerce store using Magento depends on the edition you choose. As of now, there are two types of Magento Editions available.
Magento Open Source: It was previously called Magento Community, it is best if you are looking for a free version. As Magento is open-source, that’s why the eCommerce software will remain a free lifetime.
Magento Commerce: It was previously known as Magento Enterprise. It’s a license version that costs around $2,200/month. If you want to establish a global eCommerce store, then you should choose Magento Commerce.
We will provide you in detail the cost of developing an eCommerce store using the above two editions.
Magento Open Source
The clear answer to the question “How much does Magento Cost” is free if you want to go with an Open Source version. As compared to the Enterprise edition, Magento Open Source is popular as its source code is openly available, and anyone from the developer community can modify and update its features.
To set up your Magento eCommerce store, you might require Magento consulting. Then also, this edition is best for you if you are looking for a cost-effective option.
- It costs between $ 2,000 – $100,000 or more
- Its average cost will be $25,000 per year
Magento Commerce Edition is costly, but it’s worth it. This version offers all things like improved security, better SEO, high-performance, support, marketing, etc.
This license version is particularly introduced for big enterprises that need to cover up thousands of transactions in a day. Various SMEs can’t afford this; however, it is the right choice for big eCommerce stores, as they will be able to resolve all the issues in a matter of minutes.
It will cost around $2.77 to $100 per month. The average cost of hosting will be $20 per month. Magento cloud pricing is expensive if you have to serve a tremendous amount of traffic. However, you can also select VPN or Dedicated hosting based on your Magento store’s requirements.
If you choose Magento open-source, then also you have to pay for hosting and development.
One essential thing that you need to include in Magento’s pricing is deciding what you want to do with the Magento eCommerce site’s theme. If the price is an issue, then you can go with free them to reduce Magento cost.
If the price is not an issue, you should build your Magento website as per the latest eCommerce trends and your future goals.
Here, you have two options:
Ready-Made Magento Themes
This will cost between $17 to $399. Here, the average cost theme is $100. Also, it will cost $400-$600 for theme adoption.
This is an excellent choice to set up your Magento store; however, you might not get a theme as per your expectations.
Custom Magento Themes
This will cost between $600-$25,000. The average cost of developing a custom Magento theme is $5,000.
If you are ready to invest in the Magento Enterprise edition, you may not have an issue spending some amount on building a customized theme. But, for developing a customized Magento theme, you need to hire a Magento developer.
Another essential thing to consider for Magento pricing is what type of extensions you want to integrate into your Magento store.
As of now, there are more than 5,000 Magento extensions available on its marketplace, and the majority of it is free due to its massive community.
Magento Website Development: In-house or Agency
If you choose to In-house, then you have to hire a team and provide guidance at each point of development. Moreover, you have to consider different costs such as salary, infrastructure, hardware, software, etc.
On the other hand, if you hire a Magento eCommerce development company , you are in safe hands. Here, they will deliver you the best eCommerce store as per your goals at an affordable price.
Support and Maintenance
After launching a website, the next thing you have to consider is Maintenance and support. To attract a vast number of users continuously and to sustain current users, a website should run seamlessly. For this, you have to think about regular updates, installing security patches, design refreshing, and other activities.
Now, you have got a clear idea of both Magento Open-Source and Magento Commerce. Both options have their own pros and cons, and the price of building a Magento store depends heavily on the size of the company.
You should choose the best option considering your eCommerce store requirement and your future goals.