Magento is one of the best platforms for merchants to start their online stores. It is an open-source, highly customizable solution that can easily scale together with your business. The numbers speak for themselves: Magento has over 129,200 customers, which include such renowned names as Nike, Ford, BVLGARI, and more.
The cost of setting up a Magento store embraces a set of components. In this article, we’ll cover the basics of Magento website cost composition and provide a practical example to give you an idea of the required investment.
Magento development: What does the price include?
Magento offers two fundamental options: Magento Community Edition and Magento Enterprise Edition. The cost implications for each edition vary; therefore, it’s vital to understand which one you need and which one fits within your budget.
- Magento Community Edition.
This version is free to download and install and allows entrepreneurs to establish their stores at a comparatively low cost. The platform requires certain development skills, so professional help would be preferable. Additional expenses will come with domain, hosting, themes, and extensions. An approximate starting cost with this version is $15,000 – $20,000.
- Magento Enterprise Edition.
If you seek advanced features and Adobe support, this option will suit your demands. However, store building and setup will require a professional developer’s assistance. The price starts at $22,000, while the overall cost can reach $50,000 depending on the project’s complexity.
Magento website cost composition
To make an informed decision about your online store creation, you should understand what the price for Magento website development includes. Below is a rough Magento pricing breakdown.
| Website development by an agency From $25/hourMagento development by the in-house team From $60,000/yearMagento themes $0 – $200Magento extension $50 – $500Brand image and design $10,000 – $18,000Domain $10 – $500Hosting From $40/monthSEO and marketing $60,000 – $80,000/yearMaintenance $80 – $125/hourSupport $30,000 – $40,000/year |
Real-life example: Magento-powered website for a European brand
With that being said, you may still wonder how much it will take to build an attractive, competitive e-shop with a decent feature set. Although it’s impossible to assess a specific project without knowing the detailed requirements, we can share our own experience in Magento website development.
WebMeridian has a successful case of arranging a cost-efficient ecommerce store for a leading supplier of kitchen and catering equipment in the European region.
With a team of five people, the appropriately selected tech stack, and profound knowledge and skills in Magento development, we created an online store in 1,5 months.
Here’s a snapshot of the development process:
| Stage | Role | Hours |
| Design Implementation | Front-end developer | 190 |
| Magento instance setting up and configuration | Back-end developer | 12 |
| Theme installation | Front-end developer | 20 |
| Server configuration | Back-end developer | 12 |
| Front-end implementation | Front-end developer | 390 |
| Back-end implementation | Back-end developer | 180 |
| Mintsoft WMS sync | Back-end developer | 72 |
| API INTEGRATION | Back-end developer | 50 |
| Accounting | Back-end developer | 8 |
| Payments | Back-end developer | 8 |
| QA | Back-end developer | 85 |
| PM | 110 | |
As a result, we crafted an efficient and functional ecommerce website without exceeding a budget of $20,000.
In Conclusion
The price of building a Magento e-shop depends on multiple variables. However, the information above gives certain price ranges to help you shape your financial vision. By understanding the cost composition and the approximate budget, you can plan your project strategically and choose the right implementation partners.
By engaging with a professional IT service provider, you can maximize the Magento capacity, save costs, speed up product launch, and ensure superior quality. WebMeridian, with a well-versed and experienced team of Magento developers, can become your reliable tech partner. We can establish your store from the ground up, including goal analysis, tech requirements formulation, Magento themes development, setting up features, arranging impeccable UI/UX, and more.
Webster Webmeridian, an ecommerce expert and BDM, states: “An appealing online store creates a memorable shopping environment and reflects your professionalism.” With our competent tech team, you can build an e-shop that would reinforce your competitive advantages.
