Magento Pricing: How Much Does a Magento Store Cost in 2021?

Exploring an investment in Magento? Thinking about how to make a smart move in your ecommerce journey?

We've got the expertise needed to guide you through the pricing and services.

So, planning the backbone of your business is crucial. Your future ecommerce platform will give you far more than putting your products on the web. It will streamline business processes and interactions with clients. The platform to cover the majority's needs is Magento. Its top value is rich, customizable out-of-the-box features and a vast marketplace of extensions. Thus, you can save significantly on development.

While a feature development can cost $5000, a Magento extension with the same outcome will make only $200. A Magento plugin that costs $3000 may be estimated in 5000 hours of development. Even if you take the lowest development price, you'll see how Magento solutions cut costs.

So, what determines the price of your online store? The project scope and the complexity of the feature list, UX/UI web design, tech stack, and Oo course, Magento licenses and pricing. It is free if you go for their Magento Open Source. This installation is popular among developers and small businesses. Magento Enterprise provides advanced functionality for bigger turnover and, consequently, is more expensive. It starts at $20,000 and goes up to $100,000 per year.

So, how much does Magento cost?

Magento Pricing Estimate

• Magento Edition                                 from $0 to $1600/month
• Magento Hosting                                from $20 to $100/month
• Magento Themes                                from $17 to $399
• Magento Extensions                           from $0 to $500
• Magento Website Development         from $4 900 to $100 000
• Magento Maintenance                        from $35 to $80/hr
• Magento Support                                from $250 to $3000/month

And now, let's get the details and elaborate on the mentioned pricing.

Magento Editions

As we've already touched this point, Magento Open Source is free, and let us assure you, this software will stay free forever. Its source code is openly available. Anyone in the community can add to and change it to create their features and functionality.

Nevertheless, using Magento Commerce, you get what you pay for. Its pricing covers everything from enhanced security and faster loading times to improved support and better marketing features. The price for Magento Commerce starts from $1600/month. This Magento license is specially designed for large companies with mission-critical websites processing hundreds or thousands of transactions every day. Most smaller companies can't afford the Magento Enterprise Edition price. Still, for huge multinationals, the Enterprise Edition ecommerce pricing is attractive because companies can solve all of their problems in a single swoop. For more information on the difference between the two installations mentioned above, you are welcome to check Magento Community vs. Enterprise Edition. 

Magento Hosting

$20 - $100/month

You can add up to 500,000 products to your store on one Magento site. And the platform can handle over 80,000 orders every hour. But your hosting service needs to be up to this task as well. Magento cloud pricing seems attractive when dealing with vast amounts of traffic. Still, you can also look into VPS and dedicated hosting, depending upon what you need from your Magento store.

Bear in mind that while Magento costs nothing if you use the Open Source build, you'll still need to pay for hosting and development. Some developers include hosting within their Magento ecommerce price, while others will expect you to cover hosting on your end. Either way, it all needs to be considered when calculating the overall Magento cost. See the best options of Magento 2 hosting here.

Magento Themes

$17 - $399

The theme is frontend visual and UX of the store. If the Magento fee is a significant concern, you can cut corners and save on the Magento cost by starting with a simple base theme. However, if you want to stand out from the crowd and build a Magento website that people remember, you'll want to spend a little extra cash to make sure your Magento ecommerce site looks and functions exactly the way you want.

Ready-made Magento Themes

You can choose from over 600 Magento themes and templates. Ready-made Magento ecommerce themes are the best way to get your Magento website up and running as quickly as possible. They're freely available because of the open-source ecosystem, and so they cut down on your Magento ecommerce cost, but it forces you to make sacrifices when it comes to the site's look and feel. Note that you can also use a ready-made Magento theme and then pay an additional price to get a designer or a developer to customize it.

Custom Magento Themes

Magento provides two themes out of the box. If you're already comfortable with paying the Magento Enterprise cost, then you'd be crazy not to pay a little more for a custom Magento theme. Hiring your own Magento designer and developer will allow you to maintain greater control over your Magento store's look and feel and can ultimately pay for itself if it helps to drive conversions. As a general rule, if you take your Magento store seriously as a business in its own right, you'll want to include a custom theme in your pricing estimates.

Magento Extensions

$0-$500

Extensions are standalone modules that extend the functionality of the Magento platform. Some extensions are available free of cost, while others could cost thousands of dollars.
Another aspect of Magento pricing is deciding which extensions you want to use for your Magento ecommerce site. As with Magento themes, Magento extensions are often available for free thanks to the open-source community, although some developers offer different pricing plans depending upon how large your site is. Larger websites often require more bandwidth and storage space. 

The good news is that this aspect of Magento pricing is one of the more affordable parts, and if you're building a Magento store, then you probably won't need more than 10% of your budget for Magento extensions. But that can quickly change if you need custom functionality, and if your developers' pricing keeps climbing, then you can soon find that it eclipses Magento Enterprise costs.

Magento Website Development

Magento website to be built in the first place. Magento developers offer different Magento pricing plans.  If you're interested in Magento, get price estimates from several providers before you decide.

You should also be sure to double-check which Magento build they plan to pick. If your agency's Magento pricing plan includes Magento Enterprise, that can make it a much more compelling proposition. The same holds true if their Magento ecommerce pricing includes hosting or ongoing maintenance.

Magento website to be built in the first place. Magento developers offer different Magento pricing plans.  f you're interested in Magento, get price estimates from several providers before you decide.

You should also be sure to double-check which Magento build they plan to pick. If your agency's Magento pricing plan includes Magento Enterprise, that can make it a much more compelling proposition. The same holds true if their Magento ecommerce pricing includes hosting or ongoing maintenance.

In-house Magento Development

$60 - $100 000/year

One option when building a Magento store is to hire your own in-house Magento website development team. These will be full-time Magento employees who dedicate all of their time to develop your Magento store. This approach can work out as a more affordable Magento pricing plan over time, especially when compared to hiring a Magento development agency. Still, there's a real risk that you'll employ full-time Magento employees and then end up having them on a bench.

Still, when it comes to Magento commerce pricing, hiring your own in-house Magento development team is often a serious contender for the best pricing option available to you. If you're not entirely convinced, get a few price quotes and then make your decision from there.

Magento Development Company

$4 900 - $100 000

Average: $20 000

If building your own Magento development team in-house is not the case for you, you'll need to find a Magento store development company. Experienced Magento developers will turn your vision into a refined product faster and more efficiently. 

So, working with a Magento website development specialist is usually the best idea if you're trying to build an ecommerce store that goes above and beyond the competition. Sure, it'll cost a little more when it comes to Magento pricing, but it's an investment in the future profit. You'll also only have to pay the price for the time they spend building your site.

Further Maintenance of Magento

$35 - $80/hr

It's important to check that your Magento pricing includes ongoing maintenance, including software updates and other vital fixes for your Magento website. If the price that you agree on doesn't cover this, just be warned that it's inevitable that you'll eventually have to pay more. Ecommerce software evolves, and it's in your best interests to make sure that you're always using the latest Magento build.  

Magento Support

$250 - $3000/month

For smooth performance, your Magento store will need fixes. If you don't feel comfortable carrying out ongoing Magento website maintenance and updates yourself, you can invest in Magento support. Double-check to see whether this is included within the Magento pricing that you've quoted and if it's not, consider looking elsewhere for an agency that can provide ongoing support for your Magento website. Remember that if you can afford it, it's worth paying a higher price if that means Magento support is included.

Conclusion

Now you know what you'd get for the money you plan to invest. Magento Community and Magento Enterprise (or Magento Open Source and Magento Commerce). Each of these two Magento pricing options has its pros and cons, and the best pricing plan for you largely depends upon the size of your company and technical requirements. From niche boutique to enterprise, B2C and B2B, and everything in between— at Zfort Group, we've done it all. Request assessment of your online store. We will gladly work it out with you!