What are the costs connected to building a Magento website?

If you are in the e-commerce business or trying to open an online shop, you probably heard about Magento. It is a complex and complete platform that can answer to all the requirements of an e-commerce website. But, what are the costs of such development? How much should a business invest to use Magento to create the desired website? Well, assessing such costs can be quite a challenge, because they depend on a variety of factors. You may want to have a look at the following list that contains major factors, some ideas on design, details concerning development, and setup, so you can efficiently spend your budget for a Magento e-commerce website.

• Software versions of Magento

When looking to use Magento, you need to figure out which version you will end up using, the Community or Enterprise version. The Community version is free, being simpler and more suitable for start-ups and small businesses, while the Enterprise version is more appropriate for larger business, with an existing record concerning their success, coming with a yearly fee that revolves around $18,000.

• Extensions

When it comes to Magento extensions, it doesn’t matter what software version you chose to use, because you can always add them according to your needs. They act pretty much like mobile apps, allowing your clients to enjoy an improved shopping experience. There are free extensions, of course, but the good ones always come with a cost.

• Hosting optimized for Magento

What’s the point in using Magento if you don’t opt for hosting services that are optimized for this particular platform? Doing so will definitely improve the performances and loading time of your website, so you’ll need to have this in mind. What are the costs? Shared hosting options have costs ranging between $20 and $30, while a dedicated server is close to $1000 per month.

• Magento security

Security is extremely important in the online environment, especially when it comes to e-commerce websites, having in mind that clients share sensitive data when making a purchase. So, having a reliable security system is a must, a good one costing a few hundreds of dollars per year, which is not such a large sum.

• SSL certificate

You will need an SSL certificate because it allows transactions to happen in a more secure manner, encrypting credit card information and other sensitive data. This kind of certificate can cost between $30 and $60 per year, although there are more expensive certificates, issued by larger companies, which can reach costs of hundreds of dollars per year. But, in most cases, regular SSL certificates are enough.

• The name of the domain

Your domain will need a name and the cheapest way to get one is to find a name that is not used yet. This will make you spend only $10 to $20 per year, for registering your “.com” name, while wishing to use a name that is already taken will make you pay a significantly higher amount of money, for getting the rights to use it.

• Processor for credit cards

It would be a good thing to have a credit card processed on your e-commerce website, allowing clients to choose their preferred payment method. While some credit card processors come for free, without having any costs for setup or annual fees, they all have per credit card transaction fees.

• Static content

You will need some content on your website, such as the Home or About Us page, or the Terms and Conditions page. For this you may need to hire writers and even a legal advisor that will help you out with the content. You may also need a photographer or a digital agency, for photos and stock images you may want to use within your site’s content, to make it more attractive.

• Data entry

This is a part most e-commerce website owners tend to disregard, although it is more than needed. You have the store, but you’ll need to stock its shelves. There is a difference between personally introducing data by hand into Magento or hiring a digital agency or using software, such as Point of Sale where your data is already managed, to take care of this task. The differences will generate additional costs.

• Setting up accounts for 3rd parties

You will also spend time and resources to setup accounts for 3rd parties, such as social media pages, which will increase the visibility of your e-commerce website. Using banners and different types of collateral are also included at this stage if you want your brand’s presence to be sensed across social media platforms.

• Multichannel connectors

If you want to maximize your website’s potential and make sure you get a higher number of sales, you should consider connecting your site with other sales channels, like eBay and Amazon. This will help with syncing your inventory across multiple platforms and manage all your orders in one single place.

Are you looking for a Magento service provider? At Akshar Technologies you can Hire a Magento Developer for an hourly rate or with a fixed cost project. We also provide other services like responsive website design and SEO services, Magento development services, iPhone app development, PHP web development, WordPress website development and much more. So, we have the solution for your every issue.

Contact us online or you can send us an email at info@akshartechnologies.com.