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The dramatic development of digital technologies has transformed global commerce entirely. The demand for online shopping has been continuously increasing. Regardless of your industry, as long as you want to obtain more customers and generate more revenue, you definitely should have a strong online presence.
When planning to start an online store , you may probably want to know more about Magento. Magento is well known as a robust eCommerce platform. The platform is functional, stable, scalable, and customizable.
Therefore, it can serve all types and sizes of businesses. In this post, we will discuss everything you need to know about Magento. Is this shopping cart solution free? What does it offer? What are the costs to build an eCommerce website using Magento? Magento , first introduced by Varien, Inc in , and recently acquired by Adobe, is a powerful platform that allows merchants to create eCommerce websites efficiently.
Magento fulfills almost all online business requirements, such as managing catalogs, inventories, customers, and orders, supporting marketing and SEO, allowing multiple shipping and payment methods, etc.
Moreover, Magento allows users to freely edit source code and add third-party modules to customize or extend default functions. Magento is now ranked in the top 3 popular eCommerce platforms used by the first one million websites. Magento powers each 8 out of well-known online shops. Many website developers prefer Magento because of its customizability, extensibility, and scalability. Magento Community Edition 1. The later versions of Magento 1 were better optimized, more stable, and safer.
However, not many advanced features were added. Two years later, Magento 2 development was announced. The beta version was public on GitHub that allowed the community to contribute source code.
Backed by an active community, Magento 2 continues to introduce more advanced features. Magento 2 sites can handle 10 million page views per hour, while predecessor would only support two hundred thousand. Compared to the messy design of Magento 1, the Magento 2 admin panel is simplified and modernized. The more responsive, interactive, and user-friendly backend allows users to manage their stores efficiently.
Magento 2 has robust security and stability. By strengthening the hashing algorithms for passwords, it prevents most types of attacks.
In general, Magento 2 is much more functional, flexible, and reliable. Furthermore, the updates and security patches for Magento 1 were completely terminated from July Therefore, there is no reason to develop a website on Magento 1 or put off the migration from Magento 1 to Magento 2.
Related post: Magento 1 vs Magento 2 Comparisons. When talking about Magento, it is crucial to consider its different offers. While Magento is often thought of as an open-source and on-premise solution, it has commercial and cloud-hosted options. Each edition comes with a specific set of features. Understanding their capabilities help you choose the most appropriate option for your project.
The cloud-hosted solution was introduced as Magento Commerce Cloud. This is a free package available for everyone to download and install. The merchants using Magento Open Source are responsible for other website development costs like domain or hosting.
The default functions already support basic online business needs. However, store owners can even access more advanced features by integrating third-party modules.
Magento Open Source is perfect for small and medium-sized businesses because it does not require a vast initial investment. When their businesses scale up, merchants are also supported to upgrade to higher plans. This is a self-hosted premium solution that provides rich out-of-box features, such as advanced marketing tools, targeted promotions, customized catalogs, and price lists. There are also built-in functions for loyalty programs, quick ordering, requests for quotes, etc.
Magento Commerce suits B2B enterprises or global corporations with large product catalogs, high traffic, and increased business complexity. Magento Commerce Cloud. This plan provides all Magento Commerce features and cloud infrastructure hosting. The package supports Git integration and all needed environments, including development, staging, and live production.
We believe that many people wonder whether Magento is free. We all know that Magento Open Source is free of charge. You can download the package from Magento official website, install it on your server, make configuration adjustments, or even customize the source code to fulfill your business requirements.
You can also use various free extensions and themes provided by Magento extension builders to enhance your site. However, launching an online business goes beyond downloading and installing the platform. You have to pay for domain and hosting services. To set up the system properly, implement customization or maintenance, you will have to hire a developer or an agency.
These things are not cheap. We can make a statement that Magento Open Source is free, but building a Magento eCommerce website is not free. Because Magento 1 is no longer supported and the price of Magento 2 Commerce and Commerce Cloud is well-informed, we will focus on the costs for Magento 2 Open Source store development in this blog. It is hard to estimate the exact amount of money you have to spend.
There are too many things to take into consideration. Some components are even not perceived. To help merchants become more active in planning their project cost, we would like to jot down the most basic and essential expenses incurring when running a Magento-based website. Your website domain should be impressive, easy to read, and remember.
Seeking and purchasing a great domain is not a simple task. You can acquire a domain for your e-store by either buying a brand-new one or shopping around for an aged one. The cost for an aged domain, also known as expired domain, varies from hundreds to thousands of dollars, up to the domain values.
However, acquiring an aged domain, you can inherit valuable site data, like domain authority or page authority, which is typically good for SEO. Hosting is one of the most critical price factors when running a Magento store. There are many different types and plans of hosting for you to select.
The price also varies from provider to provider. The default theme, LUMA, or other simple free themes may not satisfy your needs for a unique and sophisticated store frontend. The most cost-effective method is to pick a paid template from Magento Marketplace. However, to make the ready-made theme perfectly fit your branding, you may want to hire a frontend developer for precise customization. Besides, you can even get a web agency to build your theme.
Magento extensions support to extend the default functionality and equip new functions to handle unique business problems. Like Magento 2 theme, you can decide to build your extensions from scratch.
However, to implement this, you will have to hire experienced Magento developers at a relatively high cost. A more effective approach is integrating third-party modules.
There is no accurate range for the budget you have to spend on Magento extensions. The expense of website development is the most expensive one when launching a Magento eCommerce store. As a sophisticated platform, Magento requires a certain level of technical skills and a thorough understanding of its mechanism. Thus, store owners should consider: hiring a Magento developer freelancer or a web development agency or forming an in-house IT team. The costs vary significantly from the east to the west marketplace.
Hiring a web development agency is the most expensive approach. However, you will get high quality and professional support provided by certified and experienced Magento developers in return. Magento agencies often charge based on the expertise of their developer teams.
Medium-sized and large enterprises prefer this method to keep up with rapid changes in business needs continually. Building your technical team, you can fully control the development process. Frequent maintenance ensures store stability and smooth performance, preventing any potential disruption due to technical issues.
Maintenance activities may include updating the Magento version and security patches. The expense for these activities are determined by store scope, frequency, and level of expertise required. Key takeaway: There is no fixed cost for developing Magento-based websites. There is a wide range of solutions that merchants can take advantage of when building their eCommerce stores. Since its first introduction in , Magento has always been one of the most robust eCommerce platforms.
Magento is updated instantly with new and modern technology, which allows the platform to keep up with rapid changes in eCommerce business requirements.
Magento Open Source is an excellent option to start an online business. With the help of Magento, you can jump into eCommerce space right away! Make sure your M2 store is not only in good shape but also thriving with a professional team yet at an affordable price.
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