Magento has become one of the most popular platforms in the e-commerce industry. It is an ideal platform to set up and scale various forms of eCommerce as it is open source.
It is significant that one first understands the cost of the platform. For that, you have to understand the cost of the whole Magento store. The platform has two variants:
1 - The Community Edition
The community edition of Magento remains free for users; hence it is the choice of most users. It also provides the option of customizing the store free of cost. On the flip side, the other option comes with a hefty price tag of $22,000.
It does have way more features in its customer service, but the price makes them seem unnecessary. The users can choose various elements to formulate a store of their own. All these elements are of cost and add up to the total cost.
Below are 10 elements listed:
- The agency or the freelancer used to develop the website
- The in-house team required for Magento development
- Magento themes and extensions (each of which is priced separately)
- The price of graphics, as well as brand collateral
- the Domain used
- Magento Hosting
- Search Engine Optimization and its hefty price tags ($60,000/year at least)
- Maintenance of the Magento store
- Active support is required in case of emergencies.
2 - The Magento Enterprise Edition
It is costly to build a Magento store as it is a complex platform run by skilled and experienced developers. Household names such as Nike, Ford, Coca-Cola, Liverpool FC, and many more use Magento to amplify their business in eCommerce. Hence, one should opt for a version to meet their business's demands.
Due to the diverse range of options the users choose (and their varying prices), there is no set amount of Magento pricing. It all depends on the decisions the users make regarding their store. That, in turn, depends on what their business goals are and hence on their annual budgets.
However, the cost of developing the website depends on one more factor other than the choices made by the store owners. It depends on the vendors' reputability and how much they charge for their services.
It is also significant that one goes through the official documentation provided to learn the basics of the platform. However, if one needs to gain knowledge of technological languages, one should hire a developer or a team to handle platform optimization. This will, then, also add up to the total cost. Despite its initial costs, Magento opens unlimited doors in the world of eCommerce for its users.
