Magento is the world's most flexible eCommerce platform that empowers more than 200,000 online retailers and merchants. It has changed the online retail world since its launch in 2008. The most important question that Magento eCommerce website development companies get from businesses like yours is “How Much Does It Cost To Develop a Magento Website”? A million dollar question. Let's check out what is the cost of building a Magento store.

Magento offers rich features with unlimited opportunities to customize and integrate third-party tools. The licensing cost of Magento depends on the edition you want to use: Community or Enterprise.

Magento Community Edition is free to download. Anyone can use to build an online store. This edition is perfect for small businesses with a limited budget. To customize it to meet your unique business needs, you can leverage its extension marketplace and ask your Magento eCommerce development company to integrate third-party plugins and themes to enhance its functionality.

  # It does not credit card tokenization

  # It is not PCI compliant

  # It is faster but performance is better with Magento's paid version

  # It has a basic core like Enterprise edition but lacks advanced functionalities

  # Unique visitors per month more than 1,000

  # Orders per month more than 100

  # There is no license cost but you will have to give implementation, hosting, and design costs.

Magento Enterprise Edition is not free to download. It has advanced features, security options, and customizable options. It is ideal for medium-sized and large businesses.

  # Magento Enterprise Edition offers powerful security features such as PA-DSS

  # It is known for its high-performance
  # It has advanced features such as advanced segmentation, CMS, catalog, price and promotion permission, email reminders, recurring payments, content staging, loyalty system, advanced ACL, SOLR search, and more.
  # Unique visitors per month more than 50,000
  # Orders per month more than 500
  # Apart from license cost, be ready to give hosting, implementation, and design costs

Go with Magento Community if you do not have a big investment and just starting your online retail business. Magento Enterprise is the best solution for large companies with good turnover from their existing business.

Now when we have understood the licensing costs for different Magento versions, it's time to figure out the design and development cost for extensions, support, themes, modules and more.

  1. Themes: There are basic as well as detailed themes available in both the Magento versions. They need to be customized to serve the specific needs of your business.

  2. Modules: Module is a directory that contains blocks, helpers, models, and containers. It provides basic features and supporting logic to your store.

  3. Extensions: These are extended functionalities that you may require to enhance store features and improve management.

  4. Hourly Rates: The more qualified and experienced the developer you hire, the higher the hourly rate will be. Developers in North America charge the highest, followed by Eastern and Western Europe, and South America. Developers in Asian countries like India are available at affordable rates. According to Clutch, the average cost of hiring a Magento developer is USD 125.

  5. Support and Maintenance: Developing a Magento eCommerce store is not enough. It needs regular updates and maintenance. The costs for support and maintenance depend on whether you have an in-house developer to do so or want to outsource it to a Magento eCommerce website development and maintenance company. Your professional Magento Company will be better able to do maintenance tasks like installing security patches, design refreshing, updating modules and theme.

With a basic Magento store developed using Community edition, you will get basic functions, simple theme design, no back-end integration, and a CMS to manage content and products. A basic website supports 6,000 products and is built on a pre-designed theme. You can enhance it with the help your Magento website development services provider by adding plugins, SEO-support, control panel, data migration panel, back-end integration, customized store design, inventory system, testing, payment processor, and other unique features you want. The total cost for designing and developing a basic Magento website would stand anywhere around USD 5,000-20,000.

If you own a large business or already have an online store and looking to migrate to Magento, then go for customized eCommerce development using Enterprise edition. You will get numerous features such as custom designs, themes and built-in modules, back-office integration, customer groups, extensions, a large amount of SKUs, SEO-support, social media integration, and more. However, you will have to hire a Magento website development services provider to customize the theme, modules, and the overall store to suit your business needs. The cost of building a custom website is around USD 10,000 to USD 50,000+. If your store has some complex features that Flipkart, Amazon and Alibaba offer, then expect to pay somewhere around USD 40,000 to USD 75,000+

Magento has been designed to fit any retailer budget. There are a number of cost determinants for developing a Magento store such as version, hosting, server, developer, modules, theme, design, and support. To get an accurate price analysis of your eCommerce needs, consult with a reliable and trustworthy Magento website development services provider. Share your exact requirements with the company and request for a free quote. This would help you select the right development partner for your next venture.