While exploring the Magento store cost and finding out its quotation you will come across many variants and price structures. While evaluating the store development cost Magento has a vast community and specifications that you will be required to consider each one of them to not be repetitive.

The advantage of Magento Enterprise’s cost is that it has numerous incredible features and functions to make it worth consideration. If yours is a reputed platform then you can afford the cost to have a convenient approach.

One of the major determinants in the Magento website or store cost is the license that you are proceeding with. The Magento eCommerce software solution comes for free, but the Magento enterprise solution is much more expensive.

As a Magento development company if you are already in the Magento store space but are worried about its cost, then you are in the right place. This article is useful for those who want to set up their online Magento store or hire dedicated developers on their own.

Why Get The Price Of Magento Development Services Before Proceeding With The Store Development?

Although Magento development is the best choice for developing E-Commerce stores, various business owners are afraid to proceed with the platform because they do not have an understanding of Magento store development.

While starting an online business it is important to take care of various aspects. Setting up an active supply chain requires reliable partners, stakeholders, and contractors to understand the product assortment and to lead the foundation of a great delivery system.

However, the list still seems endless where budget is the most important concern for almost all the eCommerce solution company

Offering a precise Magento store cost estimate is not an easy task because many factors act as a determinant for the final price. Magento has the reputation of being the most expensive yet feature-rich solution for developing online business platforms.

Ongoing Magento Development Services Cost To Consider

The Magento community is working on a feature-rich open-source basis which means that the software doesn’t cost much to download for the additional websites. Also, the community subscription doesn’t come with an annual license fee.

A Magento store can easily be built by expert Magento developers who can not only create its structure or design but can also integrate the app extensions and configure them accordingly to make the store work.

As for a top Magento development company, the main cost of Magento store development is involved at this stage only. You can also get the member version of the software to enhance the overall look and performance of your website. There are various ongoing Magento store development costs such as-

• Purchasing Domain Name– The cost of purchasing a domain name is variable in lesser and it starts with little annual range. The price for the domain names under different segments do vary significantly
• Hosting Fees– While working with any custom web development company for developing Magento Store, hosting seems to be expensive as compared to other platforms and it is because of the system resources that Magento uses.
• Magento License– The overall price for each version of the Magento license differs from one another because some of the models are community-free and its Enterprise edition is based on the revenue system.
• Extension Cost– For developing a feature-rich and efficient Magento store you can download as many extensions as you desire. Some of these extensions are even available for free but other extensions require purchase.
• Support And Maintenance Cost– It is useful for any online store to ask for any sort of help or forwards such as from small Ad-Hoc to massive support or site updates. It is a consideration for any company to hire Magento developers that can fulfill the installation and maintenance requirements of the store.

Factors On Which The Cost Of A Magento Store Depends

Magento is an open-source platform that is specially designed to empower large e-commerce organizations or businesses. Most of the E-Commerce platforms of Magento store development as it is capable of dealing with high traffic and workloads. In our experience, the biggest factors that contribute to its cost are mentioned below-

1. Magento Editions
2. Magento Hosting
3. Magento Themes
4. Magento Extensions
5. Development: In-House Or Agency?

1. Magento Editions

As you already know, Magento has a number of different installations, the names of which change from year to year. At the moment, the company offers the following platform versions

• Magento Open-Source
• Magento Commerce
• Magento Commerce Cloud

Magento Open-Source

It is also known as the Magento community and if you have been already lying awake and waiting for it to become free then this is for you. Its open-source license keeps the E-Commerce software access for free. This open-source license is the free edition of the framework that can be downloaded easily without any charge.

Magento Commerce

It is known as Magento enterprise hosting and this license costs around $2200 per month. If yours is a medium or large-scale company then this license is worth the investment. Magento Commerce has advanced features that can fit the merchant requirements.

Magento Commerce Cloud

It was earlier known as Magento Enterprise where Magento 2 development pricing is on the higher level, but you get what you pay for. It covers every aspect ranging from enhanced security to fast eroding and better marketing features for the Magento Store. Depending on the expected annual gross sales revenue the average cost for this feature is around $25,000.

This license is specially formulated for large companies having mission-critical app stores for processing a number of transactions every day. The small or mid-sized businesses cannot afford this license because of its high price.

2. Magento Hosting

The cost of hosting a Magento store differs from company to company and it is also affected by the type of hosting services that you are opting for.

Magento cloud cost may seem effective when you are dealing with high traffic but you can also prefer dedicated hosting or VPN depending upon your requirements from the Magento Store.

It is important to bear in mind that while creating a Magento Store the price means nothing if you are using an open-source framework but you will still have to purchase or pay for developing and hosting the store.

Some companies hire dedicated developers to include the prices within their store model but others expect companies to cover the hosting from their end. Either way, it is important to consider the Magento store development cost for having an estimate of the overall Magento cost.

• The cost of an unmanaged store hosting starts from $50 which can range up to $250 every month
• The cost for managed hosting for a store starts at $200 per month

For websites that are developed on the Magento platform, the cost for managed hosting starts at $500 every month for dedicated servers.

3. Magento Themes

Another aspect of the Magento store cost is to figure out the theme of an e-commerce platform. If the Magento store development cost is a major concern then you can trim the corners and save the cost by utilizing free themes.

However, if you are willing to stand out of the crowd and build a Magento Store that can drive maximum traffic you can spend an extra amount to enhance the looks of your store.

It will help you get the exact features and functions that you desire. Magento themes also offer a unique and sophisticated look to a website.

The cost of these readymade themes ranges around $17 to $39. The average cost is around $100, and if you want theme adoption then it will cost you around $600.

Readymade Magento themes are the best measure to quickly run your Magento Store. On the plus side, they are free to access because they belong to the open-source ecosystem and they can easily cut down your store cost.

4. Magento Extensions

Just like Magento themes, Magento extensions are available for free, all thanks to the open-source community. However, some of the e-commerce solution providers offer different price models depending upon the Magento Store and its scale.

Large websites require extra bandwidth and storage space and this can have an impact on its cost. If you are building a Magento store then in general it would not even require more than 10% of your entire budget for the extensions.

And it can quickly change the custom functionality of the store. Magento extensions required a great set of unique and out-of-the-box functions to cover a major part of an online seller’s requirements. These requirements may vary from business to business, especially when the default installation has inadequate functions.

5. Development: In-House Or Agency?

Magento is an open-source sophisticated web development framework that can be handled by a developer having a solid understanding of programming and its functions.

Working with Magento customization in the third-party system integration can become a daunting task for many inexperienced Magento developers.

Hence one can partner with experienced professionals or higher Magento developers to ensure delivering a successful project within no time. If you are tech-savvy then you can save the Magento store development cost.

Magento hosting for an online store is a complex theme. The four basic options that you have to consider are-

a. Shared Hosting

If your agent to store is sharing a number of resources with other applications or websites located on the same device then you have to proceed with shared hosting.

This option is reserved for lightweight applications or websites that do not require RAM or CPU to function such as blogs, portfolio showrooms, landing pages, etc. It will cost you around $20 to $50 every month.

b. Virtual Private Server

Virtual private server hosting offers a fair value of your investment and it is the best option for small or medium-size Magento stores. It prefers a flexible and high performing hosting that also facilitates enhanced security measures as compared to shared hosting. You can expect a hosting price of around $80 to $350 every month.

c. Dedicated Hosting

Large online stores require custom-built machines and features to deliver high performance to users. To facilitate the same cost, dedicated hosting is created and it is a great solution for the users who want to control every aspect of their server including the hardware, firmware, or software. It may cost you around $2000 every month, where buying the machines is on the upfront of costs.

d. Cloud Hosting

The large online stores require purchasing a dedicated server hosting in the cloud which is a great idea for dealing with voluminous workloads.

The solution of great independence over server configuration is crucial for the Magento store advance setup. It will cost you around roughly $4000 every month.

Magento Store Price Summary

The overall Magento store cost depends upon the addition that you are opting for. Let us quickly summarize the overall cost that you can expect to pay for any solution on an average:

• For the Magento community around $15000 and more
• For Magento Commerce around $20000 and more
• For Magento Commerce Cloud around $40000 and more

The cost of a Magento Store for Magento Commerce and commerce cloud service is dependent on the net revenue so you can expect to invest more if your sales are high.

Above estimates, if you do not have a team of web developers within your web development company then you will have to pay for features like domain name, extensions, and web development.

Magento is usually suitable for medium or large-size enterprises having enough budget to accommodate the cost of developing a store. And the community edition of this platform is suitable for small businesses who cannot afford the fancies of an online store.

The Magento store development cost is not the same for every platform because there are various determining factors that can contribute to the overall cost.

Some of these factors are third-party integration, custom theme development, managed or unmanaged hosting, advanced features or functions, and a lot more. So if the overall cost is important for you then you can only get what you are paying for to have a Magento store for your business.