4) Magento
Magento is an open-source e-commerce platform. It uses multiple other PHP frameworks such as Laminas and Symfony. Magento source code is available under Open Software License v3.0. Adobe Inc acquired Magento in May 2018 for $1.68 Billion USD. It hold 4th position for best e-commerce development platforms 2021.
How Much Will Magento Cost Your Business?
Magento is open-source software usually useful to power large e-commerce businesses. Below are Magento’s three packages along with the total price you can expect to pay for your website:
- Community ($15,000+)
- Commerce ($22,000+)
- Commerce Cloud ( $40,000+)
The cost of using Magento Community typically starts from around $15,000. This price comes from things like web hosting, extensions, and hiring developers to help code your site or fix issues.
If your business generates under $1m gross sales revenue, then Magento Commerce will cost you approximately $22,000, while Magento Commerce Cloud will cost around $40,000. The higher your revenue, the more you pay.
Here are the top 5 advantages of Magento:
- The Magento team provides excellent design support, and have great blogs on the latest web design trends.
- It is powerful enough to accommodate hundreds of thousands of individual products.
- It is SEO-friendly so optimizing product pages and descriptions are simple.
- Everything created with Magento is customizable.
- Adding and editing new products is simple.
However, there are several limitations when developing your store on the Magento platform. This article will help you to find out and know how to overcome those disadvantages as well.
- Magento platform does not provide hosting so you have to pay for it separately.
- It is pretty expensive for medium and large businesses.
- A user with a poor technical background cannot perform deep and sophisticated customization.
- It has a low loading speed during the customization process.