How Much Does it Cost to Build Magento Website

Want to know, “how much does it cost to build Magento website?”

Popularity and demand for magneto web development have been skyrocketing. As per the latest reports, there are over  167,000 active eCommerce sites powered by Magento 1. And Magento 2 powers more than 100,000 platforms.

This platform is so popular among the development community that, it is downloaded nearly 5,000 times every day. Not just developers but clients also love it.

Magento is used by some of the world’s largest companies, including ones from Fortune 500 in their web solution. This includes household names like Coca Cola and Ford.

As one of the best web and eCommerce platforms out there, the annual transaction of magneto crosses $155 billion.  And it goes without saying, these stats and performance delivered by magneto has attracted a lot of attention from business across USA.

Small as well as larger corporate want to use Magento to create web solutions. But this isn’t unheard of; in fact, developing a magneto platform isn’t all that difficult. The difficult part is, estimating Magento development cost.

So, if you are someone who is exploring options to develop a Magento solution, but don’t know much it will cost you, we have the answer you are looking for.

You see, doing a simple Google Search won’t give you what you are looking for. But in this blog, we shall be discussing everything related to Magento development and the cost associated.

With this being said, let’s get right into it:

Magento Development: Everything You Need To Know

Web development services have been growing more and more popular. To create web solutions that stand out from the rest, advanced technologies like Magento platforms are used.

So, what is Magento?

It is an open-source platform that is mainly used for eCommerce website development. It was created by Varien Inc on August 31, 2007. Fast forward to a decade later in June 2018, it acquired Adobe for $1.68 billion and integrated it into Adobe Experience Cloud.

Speaking of which, this platform is known for its’ amazing solutions that aren’t just robust but also attractive and smooth. It allows easy integration and high-level customization.

Due to its prowess, Magento has grown popular, not just popular but also one of the best out there. Consequently, it was named “Best of Open Source Awards” and “SourceForge Community Choice Awards” several times.

As of today, it ranks 8th best eCommerce platform for business. To prove the same, let’s look at the top eCommerce platforms and solutions built with Magento. These are, as mentioned below:

• Ford
• Nestle Nespresso
• Jaguar
• Canon
• Nike
• Land Rover
• Sigma Beauty
• Jack Daniel’s

This is all you need to know about this eCommerce development technology. And with this said, we shall be moving on to the next section of this blog, where we shall be discussing reasons to choose magento web development company.

Why Build eCommerce Platform With Magneto?

Magento is one of the world’s top platforms. And there are various reasons to choose magento development services for your business.

In this section of the blog, we shall be discussing some of these reasons, i.e. benefits. With this being said, let’s get right into it:

1. Magento Open-Source Platform

The very first reason to consider Magento for your next eCommerce development is, it is open source. Magento’s open source eCommerce platform allows source code modifications.

In simple words, this allows developers to create much more complex, custom, and business-favoring solutions.

This is one of the top reasons to choose Magento for your next project.

2. Use Single Panel To Create Multiple Stores

In case you want to create more than one store, you don’t have to use different panels. The reason is that Magento allows the single panel to create multiple panels.

Thus, it saves cost as well as time on your side. And it means you can explore many more options.

3. Top-Notch Features

Magento is not a framework but rather a platform that allows eCommerce development.

As such, it offers a wide range of amazing features including multicurrency support, shipment tracking, order and inventory management systems, CRM, etc.

While there are other popular eCommerce platforms, Magento is clearly the winner when it comes to features.

4. Mobile-Friendly

Mobile app development is one of the world’s largest fields. Everyone has a mobile phone, and people use their phones to do everything, including shopping.

What makes Magento one of the favorable choices is, magneto is very compliant with mobile commerce. These platforms create the best mobile user experience possible regardless of device or mobile platform.

In addition to this, the platform comes with a wide range of third-party applications, extensions, and additional plugins which can be used for creating a better overall user experience.

5. Promotes Higher Traffic

For an eCommerce platform like the one you are planning to develop is to become successful, it has to attract a lot of traffic.

Considering the fact that only a small percentage of the audience convert to leads, the higher the traffic the better it is.

Magento with its powerful optimization tools makes it that much easier to bring higher traffic. Here, you can bring in higher organic traffic by creating URLs, tags, and descriptions with relevant keywords.

These are some great reasons to consider magneto development services. And with this said, we can move to the next section where we shall be discussing the average magneto website development cost.

Average Cost to Build Magento Website: Basic Cost Breakdown

Before we get into Magento development cost, let’s ask an important question.

Why is it so difficult to estimate the cost to build a magneto website? And for those wondering why you can’t just Google it, we will be answering that too.

Magneto development, web development, or just any form of development is a very complex project. And like any process, there are many factors i.e. variables that come into play here.

These include but aren’t limited to tech stack, size of the solution, complexity, features, design, preferences, and so on.  All of these factors combine to create the final development cost. Based on these combinations, the cost can be different.

This is how the various factors affect the total development cost of Magento eCommerce.

In addition to this, every magento eCommerce development project is comparatively unique. Consequently, the factor associated with these unique projects also becomes unique. This is the reason why it is so difficult to predict development cost.

Nevertheless, you can expect the total cost to build a Magento website to range from $20,000 to $100,000+, based on factors. Now, if you do want to learn about a more accurate estimation, there is something you can do.

As such, Magento 2 development cost is also similar.

You can consult a development firm and share your project details with them. They will be able to give you a detailed quote.

If you are having trouble finding one, Nimble AppGenie one of the best Magento development company is here to help you. Reach out to us and we shall walk you through it.

Moving on, we have mentioned again and again how different factors affect the development cost. And in the next section of the blog, we shall be discussing these factors. Therefore, let’s get right into it:

Factors That Affect Cost To Build Magento Website

It goes without saying developing a website with a powerful platform like Magento can be very complex. And if you are new to the field, you might find yourself getting lost among all the codes and numbers.

Nevertheless, to build eCommerce platform that helps your business grow and generate record-breaking revenue, you need to understand the different factors that can affect development costs.

In this section of the blog, we shall be going through some of the major factors which can affect Magento website development costs. But before we get into that, let’s look at a cost breakdown.

These is the uniform elements that you have to pay for when developing a Magento solution. With this out of the way, let’s explore various factors which can affect website development costs. These are, as mentioned below:

. Complexity

The very first thing that you need to worry about when calculating the cost to build Magento website is complexity.

As with every general thing, the more complex a thing is, the more attention they require to work with. In this case, a complex project requires a larger team, more resources, want more time. This is why complex eCommerce project is way more expensive and even crosses the average benchmark.

However, since you are getting what you are paying for, this isn’t a bad this. Nevertheless, it is a factor that can affect cost to hire PHP web development company.

. Hire Web Developer: Mode

Hire dedicated developers to create the next best eCommerce platform.

So, how do you hire developers? Well, there are different ways. And as things stand, depending on which one of these you choose, the total cost can also be affected.

. Outsource to Magento Development Company – $25/hr – $65/hr

Outsourcing is a popular and common choice for Magento development. In fact, some of the world’s largest corporates opt for this method.

The reason being that, it gives you amazing results without worrying about the process as the company takes care of everything. In addition to this, the overall cost is also more economical.

So, you aren’t hurting your pocket and you are getting the best possible solution with after-release services. What can be better?

This is what makes this option the best way to hire Magento developers.

. Website Development by a Freelancer – $10/hr – $30/hr

Freelancers are everywhere, on every platform.

There are various ways you can consult freelancers and hire their services for magento web development. The cost differs greatly based on which part of the world you are and how experienced they are.

Nevertheless, this is a good option that you should consider.

. Magento Development by the In-house Team –   $60,000/yr – $100,000/yr

Well, well, if it isn’t the most expensive option on the list.

While this is no way or form a bad option, it is safe to say that it is very, very expensive. But it comes with its own benefits. And you can choose this option if you are running a large business.

. Location of Developer

When you hire eCommerce app developers via any method that we discussed, they will be based on a specific location. And based on their location, their average rate can highly vary.

Some of the Cost to Build Magento Website in different location are, as mentioned below:

. Type of Website

There are different types of websites even within Magento platform.

This is vast platform. While there is an open-source free for all to use, there is also a paid version. Larger organization often goes for a Magento enterprise version, which comes at a great cost due to the magento licensing.

Therefore, the option you go with can highly affect the cost. A basic outline of cost depending on the type of site is, as mentioned below:

• Basic Magento Development – $20,000 to $45,000
• Custom Magento Development – $45,000 to $100,000
• Enterprise Magento Development – $100,000+ 189,000+

$60,000–247,00

Create The Next Best eCommerce Website With Magento

Magento is one of the world’s best platforms for eCommerce development services. And some of top sites are built on it.

This attracts a lot of people to create their own Magento website. And you can do it too at economical cost to build magento website with Nimble AppGenie.

As a leading web development company, we have a team of developers with right experience, expertise, and know-how required to develop and deploy market leading Magento based eCommerce websites.

All you need to do is reach out to us and we shall take care of everything.

Niketan Sharma

Niketan Sharma is the CTO of Nimble AppGenie, a prominent website and mobile app development company in the USA that is delivering excellence with a commitment to boosting business growth & maximizing customer satisfaction. He is a highly motivated individual who helps SMEs and startups grow in this dynamic market with the latest technology and innovation.