Magento 2 Website Cost – The Real Facts Behind Building a Site

Your presence here is showing that you are in the process of creating a website on the Magento 2 platform!!

Congratulations, you have chosen the right page!!

You don’t mind if we will ask you some relatable questions-  Is your website plan ready?  Or, still, you are into it and devising an idea?

Undoubtedly, from all the eCommerce platforms, Magento 2 is the best and it is here to delight you with its diverse features, free customization, and higher security systems, etc. 

The recent statistics say that- there are 1,26,759 websites that are created on Magento 2; it includes the contact details, hosting data, location information.  Among all, there are 31,692 live websites and more 77,942 domains that show redirects to the website in the list.  These figures show that  Magento 2 has shown immense popularity in the eCommerce sector.  Uncertainly, it is because of the rich features and the comprehensive customization options it has.

Why Choose Magento 2?

Magento 2 is an extendable and open-source eCommerce platform that is perfect for scaling and setting up the website.  One of the main reasons that show the popularity of Magento 2 is that it enables businesses to use the host with benefits and features for a customized eCommerce solution to fulfill every single business requirement.  

With this size of customization, it becomes challenging to ask the burning question– how much the Magento 2 website cost, domain cost,  customization cost,   hosting cost, maintenance cost, customization cost? 

The cost required to create the overall Magento 2 store varies with the level of customization, services price and the features required.  Hence, the first and foremost thing is to envision the list of fixed and changeable costs is to outline an approximate budget for eCommerce website development.

If you are known with the last versions of Magento, then, you must need to be well aware of its impeccable features and ease of use. Now, Magento 2 has taken all this to the next level and makes everything more scalable, flexible and user-friendly to fit appropriately in the eCommerce environment.

If you are a beginner and want to learn the basis of Magento 2, then, start reading and understand Magento 2 now!! The below graph is showing the Magento 2 usage statistics. Surprisingly, its usage is in the top 1 million websites.

Magento 2 Usage stats

What Factors Affect the Cost of Magento 2 Store Development?

While creating a new eCommerce website, or thinking to modify the existing website, several factors need to be considered. User experience, design, functionality, various cost factors are some of them. Magento 2 has a comprehensive list of native functionality to make your store run and site up. Or, your website requires plentiful customizations to be better suited to Magento’s enterprise version. 

Below, is the list of different components that influences the Magento 2 website price:

  • Whether you are upgrading or migrating the pre-existing website? Are you considering Magento 2 or some other platform?
  • Is your website re-platform? Or the website brand new? 
  • Are you planning to integrate the third-party system to the Magento 2 website, like, shipping, drop-ship, PIM system, ERP and accounting?
  • What are the numbers of extensions you need?
  • How many SKUs do you need to accommodate the website?
  • What is the number of customers your online store can accommodate?
  • Does your online store require a custom Magento template set or the theme?
  • Can you import the existing customer data to your new Magento 2 website?
  • Whether your eCommerce website requires advanced mobile templating, like, AMP pages, custom data sets, and adaptive templates?
  • Does it require accommodation in the payment options, like advanced pricing extensions, advanced tax configuration, multiple currency support, and gift cards?
  • Which marketing integrations are required- social media integration, auto-responders or email integration? 
  • Which type of complex or extended QA testing requirements is needed to be considered?
  • What about the unique pages of new products, landing pages, blogs and products on sale?

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Cost for Magento 2 Website Development

You must be aware of the fact that Magento 2 encompasses two editions:

  • Community Edition (CE) at free charge
  • Enterprise Edition (EE) with annual Magento license cost.

Both of these editions are the appropriate match for the need of different business sizes, these are applicable for small, medium to large size enterprises.

So, it does not matter which edition you choose, the thing that matters here is the type of business size, the budget and aim behind building the website.

In case, your requirements and budget fit into the community edition, then, you do not need to worry about the license cost as it is free. But, if you need to upgrade it later, then, the information given below requires your attention. 

Check it out:

Magento Enterprise edition prices
Gross Sales Revenue Magento Enterprise Edition(EE) Cost
$0 to $1 million $22,000.00
$1 to $5 million $32,000.00
$5 to $10 million $49,000.00
$10 to $25 million $75,000.00
$25 to $50 million $1,25,000.00

From the above table,  it is estimated that the cost of the Magento enterprise edition is non-economical. But, we cannot doubt the features it accommodates. This platform is fully-featured and supports the business needs of medium and large size businesses. Even though, there is no need to bother about the free community edition as its features are less distinct than the other ones.

Magento is an open-source platform that permits you to customize the community edition to gather as much as the features of the enterprise edition.  Therefore, if your requirement does not rely in creating a large or huge online website, then, you do not need to pay more. The community edition can be used easily in that case.

# Website Domain Cost in Magento 2

Despite the Magento 2 Cost, the eCommerce website owners need to estimate the domain cost in their outline. The website domain is the only way for the users to access and start searching what you are carrying on the web pages. 

Therefore, domain purchasing for your online store is not an easy task. You have to be solicited about the domain name to make a sufficient impact on the customers. However, the cost has to be liable in the business situation.

We, here, are showing the two methods to get a domain, find out below:

  • Brand new domain

Its prices range from $10 to $15 per year. The cost varies with the domain name extension you are choosing. 

  • Aged domain

These are the top-level domains (TLDs) that are non-economical than the other registry types. It costs you around from hundreds to thousands of dollars, and it might cost extra on the basis of the domain name and other data associated with the eCommerce website.

Nevertheless, while getting the aged domain, you need to get a good amount of eCommerce data of the domain, like; Page Authority (PA) and Domain Authority (DA). These are important aspects of Search engine optimization. That is why almost every eCommerce store owner prefers to buy an aged domain rather than getting the new one.

# Hosting Service of Magento 2 Website 

The online store should include a hosting service to make it live on the internet. To get hosting, you need to choose the best company for easy customer access. As same in the case of determining the leading editions, the cost of Magento 2 hosting also depends on your website traffic and the business size. Moreover, there are other options that you can choose from the three hosting servers to buy; the options are; Shared server, Virtual private server and the Dedicated server.

Their costing factors are defined in the table below:

magento costing factors

# Cost of Magento 2 Website Design 

In general, the time-saving and simple manner every website implements is getting the Magento 2 theme rather than hiring the web designers to execute every single thing.

Nevertheless, the usage of theme locks the website owners in showing the product ideas or valuable content. So, it is better to have a solution that can give your eCommerce website an appealing interface in less time.

  • For the normal themes, the price ranges from free to $200. This cost may vary when customizing the themes, and when the demands of customers excel. 
  • Even though the price range of customization varies from $1000 to $2500. It is a decent figure, only when you do not want more features to include on the website.
  • Moreover, you can also hire the web designer or the web design agency to modify the website as per your needs. So, the cost of creating a Magento website for such services is a complaint and can reach up to $10,000 for a custom design.

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# Web Development Cost

Website development takes more cost than other aspects. For your convenience, there are three ways that you, as a store owner, should consider; they are; hiring a magento developer (in-house), hiring a web agency, and web developer (freelancer).

  • Hiring the in-house developers

It is known that hiring the in-house magento developers is a solution to take benefits from the large organization with a different IT department. It enables you to get updated with the work, examine it on a regular basis and offer feedback. 

The cost of hiring the in-house developers totally depends on the contract you have with them; also, some extra happen while working on the website development process.

  • Hiring a Web Agency

Getting a web agency for your eCommerce website can leverage you in terms of professionals and quality. 

Although, except for the end to end and high-quality solutions, the development cost type is more costly than the others.  

  • For the community edition website, the Magento 2 website development cost is $50,000.
  • For the Enterprise edition website, the Magento 2 website development cost is $250,000. This cost includes both development and design.

Unquestionably, the price of developing a Magento eCommerce website differs from the needs or demands of one company to another. Indeed, you need a rich investment to make a comprehensive online web store.

  • Hiring a Web Developer (Freelancer)  

Choosing a developer is totally in your control, but, we advise you to look after the experience, qualification and their expertise. Also, you can keep an eye on their work and maintain regular communication related to the project status.

  • Hiring a web developer can cost you around $15 and $80 per hour (the range relies on the developer portfolio and the experience).  
  • Though many exemptions are there, that can rise the prices- generally up to hundreds of dollars/hour. These types of cases occur when there are proficient developers with long years of experience and many certifications.

# Magento 2 Extensions Cost

We cannot doubt the enterprise edition and Magento community edition features; they are customizable and flexible. On the same note, we cannot overlook the Magento 2 extensions. 

They are also the critical component on every eCommerce website. These extensions permit online website owners to gather as many features as they can. 

While developing the Magento 2 website, there are many questions that might arise; here, the question is how much the cost varies when the Magento 2 extensions will be deployed to the website. The free Magento 2 extensions will cost you nothing, but the paid extensions can cost you much. As per the expectations and the demands, the idea of choosing the extension type varies.

Furthermore, it is certain that measuring the cost of Magento extensions does not have any appropriate range and standard.  But, as per our opinion, if you want to integrate at least 10 extensions, then, it might cost you $1000 to $2000 to install. Whereas, the support and installation cost is not included in this cost range.

# Cost of Magento 2 Customization 

Generally, each online web store requires customization for every business operation. The aim of customization does not rely only on integrating more features, but, it enhances the overall user experience and website performance. SEO issues, site updates, speed optimization, security patches are some of those updations.

Because of the third party agencies, all of these tasks can be implemented effortlessly. They offer end to end solutions so that your eCommerce website performs seamlessly. Usually, the agencies fix these prices, even though the cost can change when less or more customization is required. 

The other thing is that you can also take assistance from the outside developers for Magento 2 website optimization. They cost you around $15 and $80 per hour.

# Website Maintenance Cost

And, last but not the least, the cost of website maintenance. Usually, the online store owners secure their plans for maintaining the website on an annual basis. The aim of maintenance assures your website is in a well-built situation and does not let any problem hamper the customer volume and overall revenue. The annual maintenance cost of your website is examined to vary from $500 to $1,000; also, it depends on the provider as well.

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Wrapping Up

The pricing of the Magento 2 website is not exact. It is because of the reason that there are plenty of choices and options that the online store can demand while creating the Magento stores.

A user-friendly and powerful eCommerce website is not just a “.com” address- it reflects your business and makes your presence strong in the market. It has to be as unique as the services, products and the offers you are selling. 

Above all, do not forget to provide a great user experience- it will engage more customers and make them repetitive ones. This is how you can optimize your sales and thrive. 

So, what are you waiting for? Make the right investment now!! 

Get ready to taste the fruitful results.

We hope this article has given you the best of the knowledge to know the cost of the Magento 2 website.

Let us know how you liked this article. Share your opinions with us. Thanks for reading!!