Magento is one of the most popular eCommerce platforms providing advanced tools and support to developers for building secure and robust websites. It is a feature-rich platform with useful extensions, easy third-party integrations, and catalog management. Moreover, it offers powerful marketing, promotions, and conversion tools. It helps to create a fully functional website that enhances user engagement.
Additionally, Magento is a suitable platform for building a website for eCommerce businesses as it offers unique features to facilitate an enjoyable shopping experience. Consequently, hiring a Magento development company is a preferred choice for many business owners.
Do you want to build a website using Magento? Then the total cost associated with Magento website development must be a concern for you. It would be best to consider various factors like hosting fees, design costs, and marketing expenses before deciding the budget to build a website using Magento.
What are the Factors Influencing Magento Website Development Cost?
The complexity of the website features and functionalities you want to incorporate will add up to the website development cost. Moreover, customization of the original core features, storefront design, and third-party integration are crucial cost-influencing factors.
You can hire a reliable Magento development company based on various factors like skills, geographical location, experience, and budget. Hiring Magento developers can cost you between $50 to $80 per hour.
Magento Commerce Cloud offers a fully customizable and scalable platform to host your website. As per the traffic of your website, you can select virtual, shared, and dedicated servers.
However, you can invest in other reliable hosting service providers as well, which can cost you between $2.99 to $80.
Having a domain is an essential factor for website development. You can buy a domain on an annual basis, which will cost you between $10 to $20 per year.
Along with the domain, you need to buy Secure Sockets Layer (SSL) certificate to enhance the security and reliability of your website. The annual cost of an SSL certificate can be between $50 to $300. This price can reach up to $1000+ per year, depending on the strict security measures.
In Magento website development, extensions are used to integrate various features and functionalities. For instance, customer support, payment system, security features, reporting analysis, shipping, etc.
Based on your business needs, extensions can cost you between $1,000 to $5,000. However, this cost can extend up to $15,000 for more complex features.
The appearance of your eCommerce website depends on the various pages you incorporate into it—for instance, the product page, homepage, shopping cart page, and checkout page. Designing a theme from scratch will be more expensive than using a pre-designed one. You must hire Magento website development services to create a custom theme tailored to your business needs.
Creating a theme from scratch can take around 3-4 weeks and cost you between $6,000 and $12,000.
After developing the website, it is essential to maintain the performance of the website with regular web traffic monitoring, updating content, vulnerability analysis, bug fixing, etc. Costs associated with website maintenance also add up to the total budget of Magento website development.
Cost Breakdown of Magento Website Maintenance
| Cost-influencing Factors | Cost / Year |
| Magento Updates | $1,000-$2,000 |
| Bug Fixing | $800-$1,850 |
| Integrating New Features | $4,000-$7,500 |
| Performance Optimization | $1,500-$2,000 |
| Website Monitoring and Audit | $4,500-$5,500 |
Also read:Top Magento Development Trends in 2023
Conclusion
As per the various factors discussed in this blog, building a Magento website costs between $30,000 to $100,000. This cost can vary based on your specific requirements and advanced features.
Hiring a company that provides Magento website development services will help you define the project scope. It will give you a clear idea of your website goals, features, timeframe, and budget.
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