Do you aspire to run a successful eCommerce business? If so, you need an excellent eCommerce website, to begin with. However, finding the best eCommerce website development platform is the first step toward this venture. Though there are plenty of eCommerce development platforms like Shopify, WooCommerce, Adobe Commerce (previously called Magento), finding a single one could be befuddling.
Magento is one of the top-tier eCommerce development platforms that is suitable for developing robust eCommerce websites. You can get additional benefits by choosing Magento 2, which is a major edition and highly popular in eCommerce website development.
Many top brands like Samsung, Ford, Land Rover, Paul Smith, Nike, Tom Dixon, Helly Hansen, and Nestle Nespresso are already using Magento.
You might have wondered what makes Magento web development services popular among businesses. It is due to a lot of benefits that Magento offers, like mobile-friendliness, SEO-friendliness, customization opportunities, and others.
Now the benefits apart, you might be curious to know how much it costs to build a Magento 2 site.
That is what this blog post will cover. It will familiarize you with the cost it takes to build a website with Magento 2 platform. So, keep reading this blog post to know how much you would need to invest in Magento web development.
But before moving directly towards the cost, let’s see an overview of Magento 2 and how the platform can add value to your business.
Magento 2 – Overview
Magento 2 is an open-source eCommerce platform for creating online stores. It is written in PHP and uses other PHP frameworks like Symfony and Laminas.
It comes with many new and improved features as compared to the previous versions. It has improved some of the weak points in the earlier version, like improved performance, better back-end UI, a modular way to develop modules, decreased conflicts between modules trying to customize the same functionality and many others.
It is a much more robust piece of software than its predecessor.
Benefits of Magento 2 in Website Development
To get a good hold of this robust platform, it is vital to shed light on the reasons why Magento 2 is gaining so much recognition in developing eCommerce websites.
As a successor of Magento 1, Magento 2 offers improved performance. It comes with an indexer that speeds up the query performance. It works to update data regularly, like catalog data, users, prices, etc., to speed up your online store.
Apart from that, Magento 2 takes advantage of Varnish Cache, a leading HTTP accelerator technology. It provides you full page caching of your online store, making the loading of web pages faster.
Therefore, it will be beneficial to invest in Magento website development to get a faster loading store that will provide a seamless shopping experience to your customers. It will surely lead to an increase in annual sales.
In response to the growing number of smartphone users, more people prefer shopping on their mobile devices. In this era, users have made online purchases with their smartphones and tablets.
So, it is vital for companies to ensure that online stores are easily accessible to mobile users. With Magento 2, the worry of having a mobile-responsive website is less. Magento 2 platform includes responsive design themes, so you can develop websites that can be seamlessly viewed on all devices with varied screen resolutions.
Undoubtedly, by investing in Magento web development services, you will get a mobile responsive storefront for your business. It will not only provide a seamless website experience to your site visitors but also help you increase revenue.
Limitless Customization Options
It is vital to customize the website to stand out amongst various websites on the internet. Magento 2 platform is completely flexible and customizable. So, with improved customization features, Magento 2 provides greater scope for in-depth customization. Moreover, you can achieve the best customization by choosing the right Magento website development company for your eCommerce project.
The Magento 2 platform offers better features in terms of installation of themes, extensions, and customization than the previous Magento editions. Therefore, selecting this platform would be a wise decision for your business.
Magento 2 supports integration with popular marketplaces like Amazon and eBay. Also, it enables online retailers to create an omnichannel experience to reach their products and services to a wide range of audiences. This makes Magento 2 platform suitable for multi-vendor eCommerce marketplace development.
In addition, the platform also supports third-party integrations that make it possible to add third-party services to provide extended functionalities. The third-party integrations entail payment gateway integration for Sage Pay, PayPal, and others.
It is essential to have an SEO-friendly eCommerce website for the success of your business. It gives you a competitive advantage over other eCommerce platforms available in the market. Magento 2 includes several SEO features like SEO-friendly URL structure, sitemaps, positioning layer, and others.
Using the SEO features will help you make your site SEO-friendly and improve its ranking in search engine results. For this, you can invest in the right Magento website development service that can build an SEO-friendly online storefront for your business.
What Are the Elements Affecting Magento Website Development Cost?
Whether you go for a basic Magento 2 site or switch to the enterprise version, Magento 2 is going to come with a broad suite of native functionality that may be enough to get your site up and running. However, it’s always good to know about some elements which can turn your budget topsy-turvy for choosing Magento.
Magento is an open-source platform, but you will have to encounter additional web development costs like hosting, domain name, maintenance, and more. So, before getting deeper into the cost, it is essential to know about the elements that can impact your Magento website development cost. Considering these aspects, you can decide what’s best for you.
Here in this section, we will focus on the main components to consider for understanding the cost estimate of developing a website with Magento.
Let’s start with the Magento License fees.
Magento 2 License Cost
Choosing a Magento 2 license is the initial point and the most predictable expense. It is a major factor that will affect your Magento website development cost.
You might be aware of the three editions of the Magento 2 platform. Let’s see a quick view of these and the cost associated with them.
- Magento Open-Source – The first on the list is the open-source edition of the Magento platform. It is a perfect choice for SMEs (small and medium-sized businesses). You can download and install it free of cost and customize it according to your specific needs.
Additionally, it has endless modification options to tailor your store requirements, but the fees, such as domain registration, hosting, development, and others, would cost you more than $15,000 to establish and launch the business.
- Magento Commerce/Adobe Commerce – It is a premium version that offers all the features included in Magento open-source. Apart from this, it has advanced out-of-the-box features like B2B functionality, marketing tools, and others.
It will be a good option for medium and large-sized businesses. The price range of this Magento 2 edition starts from $22,000 and can reach up to $125,000.
- Magento Commerce Cloud – This edition is perfect for large and enterprise-level companies. It offers a long list of benefits like faster page loads, performance tools, PCI-compliant, high security, a dedicated support team, and many more. The price range of this edition starts from $40,000 and can reach up to $1,90,000.
Magento 2 Hosting Cost
It is another major element that affects Magento website development cost. From the above-discussed Magento editions, if you choose Magento open-source and Magento commerce, you will require a hosting partner that will cost you from $10 up to $50 per month.
In contrast, if you opt for the Magento commerce cloud edition, the package will cover the hosting cost.
Magento 2 Domain Name Cost
How can we forget the cost of the domain name when we are discussing Magento website development cost? So, in Magento 2, you will have two options for purchasing a domain name. You can either opt for a new domain name or an expired one.
Purchasing a brand-new domain name costs you $10 to $20 per year. On the other hand, an expired domain name might cost you between $20 to $400 per year.
Wondering why an expired domain name costs more than a new domain name? It is because the pre-owned domain names gain domain authority and provide you the SEO advantages.
To make your Magento-based online store more secure, it is necessary to use the secure socket layer (SSL) certificate. On average, it can cost you $50-$300 per year.
The Magento platform gives you the basic functionalities to run an online business. However, to increase functionalities, you can use additional extensions like customer support features, advanced search, improved layered navigation, and others.
Magento offers 5k+ extensions giving you enormous options to choose a reliable one for your online store. Some of the top Magento extensions you can choose include, Elasticsearch, Two-Factor Authentication, LiveChat, and many others.
Aside from the availability of some free options, you can also rely on some premium ones and can integrate them into your online store. The average price of these extensions can range from $60 – $600 as per the type of features included and the extension provider’s reputation.
For an eCommerce website, it is essential to include a reliable payment gateway. To accept payments online, you are required to pay the transaction fees to the payment gateways you are using. The cost of a successful transaction starts at 2.9% plus $0.30.
However, some popular eCommerce payment solutions are Stripe, PayPal, Authorize.net, and others.
Once you’ve successfully set up your Magento 2 website, your job is not complete yet. In order to operate seamlessly and effectively, your store requires maintenance for updates, installation of security patches, and more.
There can be no exact quote for this; the costs here will solely depend on whether you choose to maintain the store on your own or hire a competent Magento development company.
Cost Range for a Magento 2 eCommerce Website
Whether you are looking to build a basic Magento-based eCommerce store or an enterprise-level online store, Magento 2 has got your back. Here’s an overview of some cost ranges for a Magento 2 site based on the business needs. Identify which of these broad categories best describes your situation and pick accordingly.
Basic Magento 2 eCommerce Site ($20,000 – $45,000)
If you are looking to build a small eCommerce business with basic and generic functionality that is pretty much high-quality, stable, flexible, and reliable, Magento 2 fits the bill. The cost for a basic Magento website usually starts at $20,000, and this could go up to $45,000, based on your business requirements.
Basic Site Contains:
- Basic Functionality
- Simple (yet Attractive) Design/Theme
- Magento Community Access
- Smooth CMS
Custom Magento 2 eCommerce Site ($45,000 – $100,000)
If you already have an established eCommerce store and are looking to either migrate to Magento 2 or upgrade from an existing site, you should definitely opt for a custom Magento 2 site. You can anytime begin at $45,000, and depending on the objectives and requirements, you may need to spend up to somewhere $100,000.
Custom Site Contains:
- Custom Design (as per your need)
- Back Office Systems Integration
- Custom Attributes
- Migrations to Host
Enterprise Magento 2 eCommerce Site ($100,000+)
If you want to go beyond just a custom Magento 2 site and tap into the complete inventory of Magento 2 features, this is the right choice. This is for large businesses, and moving to Magento 2 Enterprise will cost you $100,000+. The best thing is you can sit back and relax while Magento 2 takes care of your eCommerce sales.
Enterprise Site Contains:
- Multiple Stores
- Professional Customer Support
- SEO Support
- Shipping Providers Integration
- Social Media Integration
- And more
Magento can fit almost any store owner’s budget with its different and flexible pricing options, from small to middle to large businesses. All in all, there can never be an exact quote if you look for Magento pricing. As we mentioned earlier, the budget for a basic website based on Magento starts from $20,000 and can go up to $100,000+ depending on your business requirements.