Do you plan to launch an online store? Do you wonder if Magento is the right choice for your store? It is important to think about the costs involved in setting up a basic Magento eCommerce site.
Magento offers a unique combination of scalable design, great support and an amazing user experience. There are many Magento developers around the globe so you can get help wherever you are.
This article will help you understand the current prices for building a Magento site.
What should you consider when choosing the Magento platform to host your eCommerce site?
Magento platform
Magento is an excellent option for eCommerce businesses because it offers flexible purchasing cart systems. Magento gives web developers an easy experience and allows them to control the process. You can manage content, search engine optimization, feature development and catalogs when creating an online portal.
Basic Magento web development
The Magento eCommerce website base has many features that allow for seamless online sales and purchases. This website is ideal for small and personal businesses that are looking to establish an online presence. This website supports approximately 6000 products and comes with a pre-made template. The design and theme are not yet customizable. These features are part of this web development:
- Basic Magento functionalities
- Theme or basic design
- Magento Community Site: Approach
- Unified CMS
- Integration with back-office systems is not possible
What is the cost to build a basic website using Magento?
Magento cost
There are two versions of Magento, the Enterprise edition without a fee and the Communication edition with a yearly Magento license price. Each edition is appropriate for a specific type of business, small or large.
To choose an edition, first select the type of business you want to start and then the budget you have available.
You don’t need to worry about Magento licensing costs if you choose the Community edition. It is free.
Price for a domain name
Merchants must include domain costs in their plans, along with Magento cost. Shoppers can only reach you through your domain and begin exploring the products you offer on the website.
It is difficult to purchase a domain name for your website. To grab customers’ attention, you will need to choose a unique domain name. You must also ensure that the price is within your budget. You can purchase a domain in two ways:
- A brand new domain costs between $10 and $15 per year. TLDs, or top-level domains, are always more expensive than other types of registry.
- Aged domains: These domains can cost hundreds to thousands of dollars depending on the domain value and any other data related to the site.
If you purchase an older domain, you can benefit from a lot of useful site data that is essential for SEO such as Page Authority or Domain Authority.
Magento 2 site hosting service
A website needs to be hosted in order to be online. To enable customers to reach your website , read the content and make purchases, you will need to find a company that hosts it .
Hosting costs are determined by the size of your business and how popular your site is. You can also choose from one of three hosting servers: Shared, Virtual Private, or Dedicated.
Magento 2 site design cost
Instead of hiring web designers, store owners can buy a Magento 2 theme. While it may not allow merchants to display products or content in a flexible way, the available theme is safe and can be used to create a site with an amazing interface.
The prices for Magento themes on the market range from zero to around $200. You can also customize themes. However, prices will vary depending on the customer’s needs. To purchase your favorite theme, you can either go to Themeforest or to the Magento Marketplace.
For a custom designed site, the cost can exceed $10,000 if you need a web agency or web designer. The list of Top Magento Development Agencies can be consulted for more details.
Web development costs
Site development costs are the most expensive, aside from Magento cost. There are two options for store owners: to hire a web developer, or to hire a web agency.
Hiring a web developer
Before hiring developers, you can freely verify their qualifications and previous experience. This option can cost anywhere from $15 to $80 an hour. You can hire web developers from Toptal, Hired and GitHub Jobs.
A web agency can be hired
Hiring a Magento web agency will ensure that you have a professional and qualified team to create your eCommerce website. For a basic Magento site, the cost is around $50,000 and for Magento Enterprise Edition it’s $250,000. You can also hire web agencies like Top Notch Dezigns and Unified Infotech. You can have a beautiful website that attracts more people.
Extension costs
Both Magento Enterprise and Magento Community editions have many features that are easy to customize. However, extensions play an important role in your website. Magento 2 extensions allow store owners to add many functions to their online shops.
Many issues can arise during business operations. Magento extensions may be needed to resolve these problems. There are many Magento 2 extensions available for free and some paid. Prices will vary depending on what you need and what your expectations are.
Take a look at these Magento2 extensions that will help you support your business.
Magento extensions costs are not easily calculated using a range of prices or standards. Let’s assume that a site requires at least 10 extensions, which could cost anywhere from $1,000 to $2,000.
Customization costs
Every Magento 2 website must be customized in order to operate a business. However, customization does not mean adding more features. It means that the site will perform better and provide a better customer experience. Website customization could include website updates, speed optimization and security patches, as well as solving SEO problems.
These tasks can be outsourced to third-party agencies. These services can cost anywhere from $15 to $80 an hour depending on what you need.
Website maintenance costs
Many merchants have plans for maintaining their online shops. This maintenance helps to ensure that your website is in a stable state and avoids potential problems which could lead to revenue loss and loss of shoppers.
The Magento site builder you choose will determine the annual maintenance fee. It can range from $500 to $1000.
Summary
Below are the costs required to build a Magento eCommerce website. This guide will help you to allocate your budget correctly. A basic Magento site costs between $20,000 and $40,000. Upgrades to Magento Enterprise will cost more than $100,000.
It is best to partner with a local company if money is not an issue. If you have an online business that is limited in budget, you might consider working with an outsourcing web design or development agency.
