When you’re starting your online project, you need to take care of numerous aspects. You need to choose reliable partners and trusting contractors, set up an effective supply chain, decide on the product assortment, establish an excellent delivery service, etc. The list is never-ending.
However, deciding the budget is the most crucial aspect for any new business owner. When you are planning to design and launch a website. So, how much will it cost you to kick start your Magento development?
It’s not a simple task to provide the approximate estimate of Magento development since many factors determine it.
We’re here to help you. To understand the average cost of developing and understanding Magneto development services, we’ve prepared a comprehensive guide for you.
Here you’ll get an idea of the general costs of developing and maintaining a Magento e-commerce store.
Understanding The Magento Editions
As you already know, Magento has different installation versions, names of which get updated from year to year. Currently, the company offers the following versions:
- Magento Open Source (formerly Magento Community)
- Magento Commerce (formerly Magento Enterprise)
- Magento Commerce Cloud
Depending on the platform choice, the final project cost may vary significantly.
Magento Open Source
It is a free edition of the platform, specifically designed for developers and small businesses. You can download and use the Magneto Open Source completely free of charge.
However, implementing a Magento Open Source e-commerce store goes just beyond downloading and installing the software. Additional costs are associated with coding, configuration, and hosting.
However, the price for an essential Magento website with standard functionality, a free theme, and without integration with any external systems or services will cost you around $15,000.
Magento Commerce & Commerce Cloud
With Magento Commerce and Magento Commerce Cloud, you can enjoy an advanced functionality set suitable for merchants with a more significant turnover. The cost of using these two versions of Magneto depends on the gross sales revenue.
The initial cost of the license for a paid Magento installation is around $22,000. It can cost you as high as $190,000/year if your business generates over $25,000,000 (if you choose the cloud version).
Hosting
The price for hosting a website based on Magento Open Source depends on the Magneto development company you choose and the type of hosting you opt for.
Unmanaged hosting cost starts from $10 and can cost you up to $250 per month. The price for managed hosting will cost you around $190 per month.
For Magento Commerce websites, the price for managed hosting will cost you around $500/month for dedicated servers. Since the Magento Commerce Cloud version is hosted on the cloud, the hosting costs are included in the license.
Themes
If you want your to have a unique and sophisticated appeal, you need to go beyond a simple free theme. Depending on the Magento development services, you opt for the paid or a custom-designed Magento template will vary.
The cost of such sophisticated paid themes on the Magento Marketplace can range from $29 to $499.
Extensions
From all Magento editions, you can expect a great set of out-of-the-box features that covers a considerable part of your business requirement.
However, requirements can vary from business to business. Sometimes the default Magento installation may lack specific functionality.
Additional Magento extensions will help you enhance your e-commerce store’s capabilities and tailor them to your unique business needs.
Currently, more than 5,000 extensions available for Magento. Many of them are available for free. The prices start at around $50 for paid modules.
Development Services-In-House Or Professional Agency?
If you have a tech-savvy in-office IT infrastructure, you may save costs on Magneto development.
However, Magento is a sophisticated platform. Your team requires to have solid programming skills and an in-depth understanding of its features.
If you hire an inexperienced Magneto developer, customizing the platform and its third-party integration can be challenging.
Thus, hiring a professional Magento development company is the best way to get a successful, smooth e-commerce store within a short time.
When you invest in a good Magento development company, you’ll have the potential to enjoy an excellent ROI since you don’t have to deal with inappropriate development issues and the consequences of slow time-to-market.
Further Support And Regular Maintenance
Magento development doesn’t end with the development of a website. You need to decide on its support and maintenance.
A website needs continuous polishing for seamless operation and yielding generous business results.
Maintenance of a Magneto-based e-commerce website includes regular updates, design refreshing, security patch installations, and many other activities.
The costs will depend on whether you choose to get an in-house team to maintain the store on getting help from professional Magneto development services.
Conclusion
With diverse pricing options, Magento fits the budget of almost any large or small business owner.
Ideally, with basic features and certain modifications, the cost of a Magento-based website can range from $22,000 to 50,000. However, you can get it done cheaper or expensive depending on factors like:
- In-house/custom development
- Platform version
- Level of customization
- Hosting option
- Theme and extensions
Hire an agency today that offers complete support for Magneto development and maintenance. Give your customers an exquisite shopping experience. Stay ahead of your competitors.
