In recent years, Magento has become one of the most popular e-commerce platforms. More than 150,000 stores worldwide are now built on Magento, which accounts for about 25% of all e-commerce stores. However, to decide whether Magento is suitable for your future business, you have to consider carefully about your budget since it might take a huge cost to build a Magento website.
In this article, we will give you an estimation of total cost of building a Magento eCommerce store. But first, please follow 2 below steps:
Step 1: Clarify which kind of Magento e-commerce store you want to build:
- Basic Functionality:
The purpose of this type is mainly to inform your customers of your business existence on the Internet. In general, it will include necessary information about your firm, your products and services and your contact. Because of that, the store website will contain simple page such as About page, Homepage, the Services/Products page, and the Contact page.
Another thing to concern is that you will not have a custom design for this type of website but a static website, which means that the website development company will set you up with a CMS (content management system), then add your content into the pages, and finally apply a ready-made theme for your website.
- Moderately Complex Functionality:
In comparison to the first type of website, the moderately complex one will consist of several general informative pages plus some functional pages like Shopping Cart page, Checkout page, Product galleries and Blogs and News and so on.
The advantage is that you can get a fully customized design backed by a CMS, which gives you an easier option for making changes to the content of the site. Therefore, the cost might vary based on the designer’s skills and qualifications, the specific number of customized pages beyond the available template and also the level of browser compatibility, …
- Highly Complex Functionality:
This type of website is obviously more complicated to build than the first two types. It also provides you with a 100% custom design for your store with multiple informative and functional pages. The special thing is that it allows you to add many superior functions/ features for your e-commerce store. For example, it gives you possibility to process consumer input and handle data in order to return valuable analysis.
What you will get is a well written, fully tested web application that goes well beyond the complexity of a basic CMS backed website.
Step 2: Estimate your budget and select where you want to find a Magento development company
The cost of building a Magento eCommerce store is quite flexible, depending on the regions:
In developed countries (E.g.: US, UK)
- Basic functionality: $3,000 to $5,000
- Moderately complex functionality $5,000 to 7,000
- Highly complex functionality: $7,000 to $15,000
In developing countries (E.g.: India, Vietnam)
- Basic functionality: $600 to $1,000
- Moderately complex functionality: $1,000 to $2,000
- Highly complex functionality: $2,000 to $5,000
You may probably wonder why there are a huge gap in cost of building a Magento eCommerce store in different countries. As far as I know the main reason is the unequal labor costs. While you have to pay more than $100 per working hour for a developer in the US, it costs you only a half or even less for an East Asia developer to get the work done.
If you are granted a generous budget, choosing a local development team might be a better option due to more convenient communication. On the other hand, in case you’ve started an online business with a limited budget, it is recommended to partner with an outsourced agency.
Tigren Website Design and Development Company is one of the top web solution agencies that is specialized in Magento. Owing to more than 5 year experience working on Magento and collaborating with clients from many countries in the world like the USA, the UK, Australia, Netherlands, Singapore, Thailand, Tigren promises to create a well-design and highly functional Magento website that suits your budget. Especially, they offer a special package: “Build an awesome Magento website from just 1,499” for small and medium businesses.