Magento has been a best choice for hundreds of thousand of retailer all over the world. It is open-source platform and includes both paid and non-paid version. It supports users in many aspects that could help their online store run faster and more effectively, such as quick checkout payment, search engine, smart admin panel,… Although Magento has a wide pool of advanced features on offer, it comes at a much reasonable price.
If you are looking for a data transfer to Magento or starting selling online, but don’t know which costs are included to run a successful Magento online store, this article is going to show you. The price of a Magento webstore varies greatly and depends on your goals, the result you expect to achieve.
Here are a few what you could need to pay for your digital plan.
1. Magento Pricing Edition
They have two versions of their platform: Magento Community (free) and Magento Enterprise (paid), this means even a low budget business can create a unique store. After the launch of Magento 2, licenses for new Magento 1 Enterprise Edition stores are no longer available.
2. Domain Cost
As recommended, there are 2 methods for you to acquire a domain:
- Brand new domain: costs you from $10 to $15 per year, depending on which domain name extension you desire. Top-level domains (TLDs) are always more expensive than other types of registra, for example.
- Aged domain: costs you hundreds, thousands of dollars and even more, depending on domain values and other associated data of the corresponding website.
The hosting free for your store depends on your choice, ranging from at least $3.95/month (Shared server), $29/month (virtual private server) and $99/month (dedicated server)
All Magento editions offer quite a great set of out-of-the-box features that covers need of store owners. Additional Magento extensions will help to enhance the store’s capabilities and tailor it to business purpose. Currently, there are over 5,000 extensions available for Magento store, and many of them are free. The prices for paid modules start at around $50.
You can find Magento template both free and paid. However, for a beautiful store, many people offer paid ones and the cost for such needs ranging from $29 to $499 on Market Place.
It’s quite onerous to run an online store successfully which is possible to achieve your ambitious revenue without hiring a web agency or freelancer to help you. And the average estimated cost for that is about $100-$125 per hour.
From gathered information above, we can see that to develop a Magento store which is aimed at getting under $1 million revenue in total , you need to pay at least $30.000 to $50.000.
Magento 2 is estimated to help you reduce the cost for maintaining and developing a Magento site. Its performance is faster with optimized features such as marketing tools, search engine, design and so on. Many merchants who have upgraded their Magento store are satisfied with new update.