How Much Do You Need to Run a Magento Store?

Magento is the leading eCommerce platform which is the preferred choice of many website developers. The platform is used for 3-million websites throughout the world, attracting many to rely on a reputed Magento development company for their needs.

The platform has been impressing most of its users with its immense benefits and ease. As a result, more and more businesses are now turning towards this amazing platform for innovatievly developing their website.

However, if you plan to switch to Magento, find all the required information concerning the overall budget that you should have to use Magento for your eCommerce store.

The Different Types of Magento

This popular eCommerce platform is available in 2 different forms, which are as follows:

Community Edition

The community edition of Magento is free and can be used by anyone. The users just simply need to download and install it for setting up their eCommerce Magento store. Also, you can do the required customizations in your store in this Magento variant.

Enterprise Edition

On the contrary to the community edition, the enterprise edition is a paid edition. This variant is available with many advanced features and functionalities that can be used for businesses with many stockholders. This type is usually preferred by large companies having a huge budget to incorporate different technologies.

Magento Pricing for Running a Business

As you plan to use Magento and its useful extensions like Magento 2 contact form extension for your eCommerce store, it is important to have a clear idea about the price you would need to invest. This would give you a clear idea about the Magento pricing without the risk of over-spending on anything.

Here are some of the essential business components and their relating Magento pricing for running an eCommerce store without any hassles:

Cost of Magento Website Development

You will surely be using Magento for website development; therefore, you should have a clear idea about the budget required for the same. You can either rely on a magneto development company or can hire a freelancer for your tasks. However, the price in both cases will be different from the other.

• If you choose to hire a company for your website development needs, you would need to invest nearly $25/hr.
• On the other hand, if you choose a freelancer for doing the job, you would invest roughly $10-15/hr. In this case, you should be sure to hire a Magento developer with relevant experience to get desired results.

Price for Choosing a Magento Theme

If you are planning to use a Magento theme, be prepared to make another investment. You can make a selection between the in-built Magento themes or customize your own.

• The in-built Magento themes range from being free to be a paid one. Therefore, you should be prepared to invest something in the range of $0 to $200.
• And if you go for a customized theme, its price can vary depending upon its features, design, fonts, functionalities, etc.

Magento Extensions

Magento is quite popular for its offered extensions that ease the entire website development process. You can explore the wide range of Magento extensions like Magento 2 blog extension, etc., and can choose any one of them according to your need.

However, every extension varies in its price range. As a result, you should be prepared to make an investment of roughly $50 to $500 for using the most popular Magento extensions for your eCommerce store.

Brand Collaterals

Amidst the tough competition, it is important to set your eCommerce store distinguished from the others. This is where you would need brand collaterals that can give your store an edge over the others.

But these brand collaterals do come with a price tag. Be prepared to invest nearly $10,000 to $18,000 in doing popular brand collateral that would benefit your Magento eCommerce store.

Store Domain

You need a domain name for your online store to give it the uniqueness it needs. You can choose between a brand-new domain name or an expired domain name, and both will charge you differently.

To buy a new domain name, you would need $10-15 per year, while buying an expired domain name would need $20-500 per year.

Final Words

This information is to give you an idea about the Magento store pricing. The amount can surely go up and down according to your customization. For any other details, do write to us in the comments.