How Much Does a Magento or Magento 2 Ecommerce Site Cost?
There are few specific scenerios where Magento 2 can cost upwards of $100,000 per year, on a recurring basis.
This includes ecommerce stores where Enterprise edition software is not only recommended, but needed.
Of all the sites I have launched in the last 7 years, only one site was actually a candidate for Enterprise edition. Fortunately, for 99.5% of ecommerce stores, the Enterprise edition is not required.
Ecommerce stores that have less than $10,000,000 in annual sales or less than 300 transactions per day are good candidates for the Open Source Version of
Magento, which is a free download.
That’s not to say that developing a Magento 2 store is free, because it’s not.
As part of your migration to Magento 2, you are going to want to use a developer with at least 2 years experience primarily with Magento (We have 7+).
Some of the costs associated with development include:
- data migration (if from Magento 1)
- data import( if from some other platform)
- theme development
- custom development if needed
- installing and configuring extension
- integrating with any other third party software needed
Fortunately, this is a one time expense, rather than a recurring expense, so Magento 2 stores are actually a very good investment in the long run.
Magento 2 also is a very stable platform, so there aren’t too many monthly expenses associated with running a Magento 2 store other than hosting costs and credit
card processing costs.
Since cost is not the only factor in choosing an Ecommerce platform, here is a comparison of Magento vs. Shopify, their primary competitor
Magento is a very economical platform to operate, since it doesn’t have any recurring expenses other than hosting.
Shopify has recurring costs (including transactional costs) which grow exponentially as your store grows.
Magento is extremely flexible and allows almost unlimited attributes and options. This allows for large catalogs or products with configurable options.
Shopify has limits on product attributes and catalog size, limiting its use for a lot of ecommerce stores.
Magento allows for almost unlimited customization and offers thousands of vetted extensions to offer additional functionality.
Shopify offers very little customisation, since it’s a hosted solution and everyone uses the same code.
Magento can scale as much as needed by your ecommerce store’s growth.
Shopify is only scalable to a certain size and data is throttled during high traffic periods.
Magento has a community of developers that work exclusively with Magento.
Shopify has a very limited number of devlopers that support the platform, due to it’s proprietary language.
Magento powers 70 of the top 500 companies on the Internet Retailer.
Shopify powers only 10 of the top 500 companies on the Internet Retailer.
Most of the Magento 2 stores I work on will launch with a cost of somewhere between $8,500 and $13,000, depending on the complexity of the project.
This makes Magento 2 a very attractive ecommerce platform for most online stores, which helps to explain it’s popularity.
To get a more indepth analysis of what it will cost you to migrate to Magento 2, feel free to contact us.