Magento stores and websites are counted among the best places to start an online business. While Magento provides a stable eCommerce platform for business owners to sell their products online to a huge audience, the cost of building a Magento website has always been the biggest concern of business persons. We are here to discuss the overall Magento pricing that helps you reach your target audience more effectively and quickly.
While this Magento pricing guide will tell all about the pricing of Magento website development services along with the cost breakdown structure, it is important for you to understand that there is no fixed amount that you can stick to for Magento ecommerce development. There are a range of factors that combinedly determine the cost of website development on Magento. Let’s have a glance over these factors-
|Cost breakdown||Magento Open Source||Magento Commerce Cloud||Magento Commerce|
|Magento License Cost||0||$40,000- $190,000/ year||$20,000- $120,000/year|
|Domain name||$10-$350/ year||$10-$350/ year||$10-$350/ year|
|Extensions||$60-$600/ extension||$60-$600/ extension||$60-$600/ extension|
|Payment providers||2.9% + $0.30 per transaction||2.9% + $0.30 per transaction||2.9% + $0.30 per transaction|
|SEO & Digital Promotion||$8000-$50,000/year||$8000-$50,000/year||$8000-$50,000/year|
|Total Magento Pricing||$10,000-$60,000+||$55000- $250,000||$40,000- $190,000|
Hire Certified Magento Developers
Magento website or store development comes with three editions which include Magento Open source, Magento Commerce (known as Adobe Commerce), and Magento Commerce Cloud (known as Adobe Commerce Cloud). Here, Magento Open Source is completely free to use and doesn’t require any licensing fee. On the other hand, while other two versions require a yearly license cost. These charges are determined by the annual gross revenue of the business by adhering to Magento Commerce (formerly known as Magento Enterprise) and Magento Commerce Cloud pricing policy.
|Annual gross revenue||Annual Magento Enterprise Pricing (Magento Commerce Pricing)||Annual Magento Commerce Cloud Pricing|
|Less than $1 Million||$22,000||$40,000|
|$1 Million- $5 Million||$32,000||$55,000|
|$5 Million- $10 Million||$49,000||$80,000|
|$10 Million-$25 Million||$75,000||$120,000|
|More than $25||$125,000||$190,000|
The Magento hosting price depends largely on the performance and functionality required for the eCommerce business. While the Magento Commerce Cloud version already offers automated and managed hosting in the license, you have to arrange the hosting services for Magento Open Source and Magento Commerce. The reason is that both of these versions require storage in order to efficiently operate.
It generally costs anywhere between $100-$500 for Magento Open Source and $500-6,000 for Magento Commerce on a yearly basis.
While getting a domain name for your eCommerce website, you get two options. Either you can buy a brand new domain name or you can go for an expired domain name that someone is not renewing for themselves. Here, expired domain names cost much more than a brand-new domain name.
eCommerce websites are meant to bear monetary transactions for trade purposes. So, it becomes important for your website that your target audience rely on and trust your business online platform. For the same, SSL (Secure Sockets Layer) emerges as one of the best solutions that enhances the reliability of a Magento Website and fosters the security of all kinds of information data.
The average cost of opting for an SSL certificate falls anywhere between $50-$300/ year.
When deciding on Magento web designing, one can either go for a ready-made Magento theme or design a custom theme according to the preference of the website owner. Existing Magento themes pricing falls anywhere between $0-$180.
On the other hand, when a business owner prefers to design a customized theme, first of all, they have to hire a website designer. It generally takes 50-150 hours to complete a custom-made theme. Here, the per-hour cost of hiring a designer from top Magento developer companies falls around $40 which makes the overall cost of website designing anywhere around $5,000.
Moreover, one has to make sure that the custom design they are developing for the website is responsive to all kinds of device users such as smartphones, tablets, laptops, etc.
Magneto 2 Development is the phase where the website developer will design and develop the basic pages of the website. Irrespective of the size, industry, and target audience of the business, five pages are crucial for any eCommerce website. The pages are-
It generally takes around 40 hours for a developer to design and adjunct these main pages by imparting the right banner, color of text, icons, buttons, move blocks, etc. Considering the average hourly rate of $30-$50 for a Magento website developer, the complete development phase costs around $10,000-$20,000.
You can develop a basic eCommerce store or website on Magento for your customers. However, in order to impart the additional functionalities to your website, you will have to use the additional extensions. These extensions enhance the user experience by fostering competencies like customer support features, advanced search, improved layer navigation, and much more. These extensions can easily be found in the Magento marketplace of the store.
Depending on the quality and functionality of the extension, you have to pay a one-time fee for the extension integration. These extensions generally cost anywhere between $60-$600.
There are multiple payment service providers that one can integrate into the Magento website. These payment providers help the customers to make safe payments. Some of the most used and trusted payment solutions are Stripe, PayPal, and Authorize.net which rules 75.6% share of the total global payment transactions.
While the owner doesn’t have to pay any setup cost for these payment providers, a fee for every successful transaction has to be paid. This fee starts from 2.9% plus $0.30. You can choose the right payment service provider for your Magento website by doing in-depth research.
The online businesses require online marketing. It is important to inform your target audience about your online business. SEO and digital marketing play a significant role in highlighting your brand on different online platforms. Be it a search engine, social media, or paid marketing, SEO practices help a lot to attract customers.
Hiring SEO experts and marketers will cost you anywhere between $1,000-$10,000, depending on your requirements for the digital marketing campaign.
Hire Certified Magento Developers
Developing the Magento website or Magento store is one thing but keeping it running smoothly is another important task. For the same, adding new features, fixing bugs, performing periodical testing, and providing the necessary updates timely to the users are crucial to retaining existing customers.
Magento Open Source, being a free edition, doesn’t come with any support services and thus one has to arrange an outsourcing team of Magento developers that can provide the maintenance support. On the other hand, with Magento Commerce and Magento Commerce Cloud editions, one can submit a ticket for technical issues that provide them remote support. However, the response time and scope in this edition is very limited which ultimately requires you to rely on an external Magento Development team. If not that, you will still require the external Magento support resources to handle other issues related to integrations, third-party extensions, instant support, and custom logic.
There are basically three reasons why a business owner needs Magento maintenance and support team-
|Magento Open Source||Magento Commerce and Magento Commerce Cloud|
|Website monitoring and auditing||$4500/year||$5,500/year|
|Magento update and security patch installation||$1,000+/year||$1,000+/year|
|Migration and re-platforming||$8,000+||$15,000+|
|New features development||$4,000+/year||$6,500+/year|
|Magento performance optimization||$1,500+/year||$1,500+/year|
|Urgent support for Magento||$1,750+/year||$1,750+/year|
|Total Magento pricing for support and maintenance services||$22,250+/year||$32,750+/year|
A Magento store can take a business to greater heights by presenting it the exposure to online market. While a business owner can multiply its number of customers with an online store, the Magento pricing of building their online store always concerns them the most. So, we have provided a detailed guide about the cost of Magento website development along with the complete cost breakdown structure. At the same time, we have also included the maintenance and support costs for the Magento website.
The starting cost of running a Magento website starts from $5000 which can go any further according to the particular preferences and requirements. While the Magento Open Source version is free of cost, Magneto Commerce and Magento Commerce Cloud are paid versions.
Magento comes with both options. It has three versions which are defined as Magento Open Source, Magento Commerce, and Magento Commerce Cloud. Magento Open Source is free to use but comes with limited functionalities. On the other hand, the rest of the two versions are paid where you leverage better benefits.
Magento doesn’t require any extensive or in-depth coding language. However, having familiarity with common languages and commands is favorable while working with Magento.
The general Magento cost of running a store with complete maintenance and support options starts from $30,000 and increases according to the requirements.
Stay updated with the latest development insights, technologies, trends.