Magento 2 is a reliable, scalable, and functional eCommerce platform for any size of business. It is an open-source platform that allows merchants to create powerful eCommerce websites. Adobe Magento eCommerce covers all online business needs, such as order management, inventory management, shipping to multiple addresses, social media marketing, SEO, and payments.
With this feature-rich platform, Giant companies like Nike, Puma, coco-cola, and more operate their business online to gain more customers and generate more revenue.
Now, the question arises of how much it costs to run a Magento store. Therefore, in this article, we will evaluate the key factors why Magento 2 is the perfect fit for your store. Also, we will provide the Magento 2 pricing breakdown for development so you can plan a budget to invest in this technology.
Table of Contents
Why choose Magento 2 for your eCommerce Store?
Magento 2 offers great functionality and customizability as it is written in PHP scripting language and uses Zend Framework components. Also, this version of Magento is way more efficient and convenient than the previous one. It has several benefits to offer:
- Innovative: Compared to other eCommerce platforms, Magento 2 has more advanced features that attract an active community of developers. It supports UX/UI, AI, voice search, SEO, speed optimization, and more.
- Compatible Architecture: It performs very well on browsers and supports new versions of PHP, MySQL, Apache, and web server. So, it can significantly improves the Magento 2 website performance.
- Bad Website Performance: Building a website using Magento 2 can improve the loading speed. In addition, it can handle millions of page views per hour but lets the site work smoothly. It increases the speed of the order processing by up to 39%.
- Simple Admin Panel: Since, Magento 2 has a responsive backend that helps to manage the stores efficiently. It simplifies the work of admin and reduce burden to handle from orders to shipping.
Three Magento Editions to choose for your business
- Magento Open-source: It is a free edition to download and install to the store. Magento 2 open-source platform offers basic features suitable for small and medium businesses. It doesn’t require much investment, buying a domain, and hosting like other websites.
- Commerce Magento 2: It is a premium platform for B2B enterprises and global cooperation that allows for uploading large product catalogs. Magento 2 Commerce offers rich features, including advanced marketing tools, targeted promotions, customized catalogs, and price lists.
- Magento Commerce Cloud: It provides commercial features with cloud infrastructure hosting. Cloud-based Magento 2 Commerce is best suited for complex firms with different complexities.
Breakdown the Magento 2 Pricing into several stages:
-
Hosting
Magento Commerce Cloud doesn’t require hosting, as it offers an automated hosting service. However, Magento open-source and Magento commerce require hosting to work productively. There are three types of hosting: dedicated, shared, and cloud. You will decide the Magento 2 hosting price based on website performance and functionalities.
Estimate Magento 2 Hosting Cost: $10-50/month
-
Domain Name
Buy any domain name that reflects your brand and show what you’re selling to the customers. The annual domain prices vary as per: a brand new domain cost is $10 -20 per year, and an expired new domain cost is $20 – 400 per year.
-
SSL Certificate
Magento 2 stores use SSL certificates to keep the information secure and safe. It increases the reliability of a Magento website. The average cost of an SSL certificate is $50 -300 per year.
-
Web Design
Magento 2 Theme makes the front-end of a website visually appealing. You can go for a free theme If it offers unique and sophisticated features. However, the paid theme can come at an affordable price of $30 – $499.
If you want to hire a website designer, it can cost you more than $10,000. While going for custom design, take the account the number of customers and revenue that need to be generated.
-
Magento 2 Development
When developing an eCommerce website, the five pages that create user engagement and improve conversion rates are the homepage, category page, product page, shopping cart page, and checkout page. Developing these pages and adjusting them with Magento 2 web theme will require almost 40 hours.
The average website development cost is $2000. -
Third-party Extensions
Magento 2 website comes with basic features to run an online business. However, many Magento business uses third-party modules to add customer support features, improve navigation, and advanced features. The average price of extensions is $60 -600 (vary depending on features and functionalities).
-
SEO Promotions
Running a successful online business requires investment in SEO to attract customers. If you are selling products and services, it is mandatory to promote your brand value. The average cost for SEO promotion services is $10,000 and $40,000 per year.
-
Maintenance Cost
One of the biggest advantages is that Magento 2 requires proper maintenance to improve the user experience. It protects the website from bugs and keeps it error-free. So, it works smoothly with no technical issues. Maintenance services include updating the Magento version, fixing the errors, and security patches. The maintenance cost depends on the store scope, frequency, and level of expertise required.
Estimate Maintenance Cost is from $500 to $1,000, depending on each service provider.
Summing Up!
In summary, this detailed guide will give you a rough idea of how much it costs to develop a Magento 2 site. However, there is no exact cost for developing a Magento website. Magento 2 pricing may depend on your business goals and expectations to take it to the next level.
So, do you also want to build a Magento store at a reasonable price? Choose the best Magento development company for products and services that suit your business requirements. Also, it is important to choose a reputed brand to lead the growth of your eCommerce store. It will help to get the desired results in return.
