eCommerce development has seen a massive rise in the past few years. This is because many people prefer shopping online with their mobile phones. If you aspire to run an online store for your business, you will find a lot of platforms to serve your purpose.
Magento is one such platform that emerges as an advanced eCommerce platform with improved features. Its updated version, i.e., Magento 2, is safer and more efficient that comes with more advanced features.
It offers a lot of benefits, making it worthwhile to invest in Magento web development services. As a business owner, you may want to know the cost of Magento website development.
So, let’s see the various components that affect the price. It will help you make a proper estimate for developing an online store with Magento.
Major Elements Affecting the Magento Web Development Cost
Magento Pricing Plans
Magento is available in three editions: Magento open-source, Magento Commerce, and Magento commerce cloud. Among them, the first version is free-to-use, and the other two are premium ones. Choosing a Magento edition is the initial point and a predictable expense for calculating Magento web development cost.
Though the Magento platform gives you the basic functionalities to run an online store, you can use additional extensions to enhance your store features. Magento offers 5k+ extensions offering enormous options to choose a reliable one for your online store development.
It includes both free and premium options. The average price of a premium Magento extension can start from $60 – $600 as per the features and functionalities it includes.
Cost Range for Developing Magento eCommerce Websites
Let’s see an overview of the Magento site’s cost ranges per your different business needs.
Basic Magento Site Cost
Creating a basic Magento website with generic functionalities can cost around $20,000 – $45,000. It could be more or less as per your requirements.
Custom Magento Online Store Cost
You can opt for custom Magento website development to develop a unique online store for your business. It can cost you from $45,000 to $1,00,000. This, again, depends on the objectives and requirements of your online store development project.
Enterprise Magento eCommerce Site Development Cost
It is the best option for businesses who want to tap into the complete inventory of the Magento platform. This is a suitable option for large-scale businesses, costing around $1,00,000.
An enterprise website contains various things like customer support, SEO support, social media integration, and others.
So, if we talk about the basic budget you require before investing in Magento development services, it will be from $20,000 to $1,00,000.
Now you have an average insight into developing an online store with the Magento platform. If we talk about an exact quote for Magento pricing, there is nothing. It entirely depends on your needs and the Magento development company you hire.
It might be costlier to opt for Magento development, but a worthwhile investment. The platform has much more to offer, making it well-suited for developing top-notch online stores.