Know the Real Cost of Running a Magento Website

Want to run a Magento website and worried about the prices? Don’t worry!

In this article, we will drill down the development costs, initial setup, ongoing expenses such as hosting, maintenance, and extensions required to run a Magento website.

Let’s explore some popular Magento 2 extensions that can help streamline your operations and improve your bottom line.

Table of Contents

What are the factors affecting Magento Pricing?

The costs of running a Magento website can vary widely depending on a number of factors. This includes the size and complexity of your site, the number of visitors you receive, and the level of customization and functionality you require. Here are the few things to keep in mind:-

Hosting

One of the essential components of any website that can account for a significant portion of your ongoing expenses is Hosting. Magento is a resource-intensive platform, so it’s important to choose a hosting provider that can handle your site’s traffic and provide reliable uptime. Shared hosting plans can be a cost effective option for smaller sites, while dedicated hosting or cloud hosting may be necessary for larger sites with higher traffic volumes.

Any Magento hosting plans start from $10 a month, and can go around maximum $50 as per hosting solutions. Additionally, if you want more innovative features in your hosting plans that can drive exceptional traffic, you can opt for a $300-$800 per month plan.

The facilities it provides are:-

Better problem-solving
Flexibility
Scalability
Backups
24/7 customer service
Refunds

So, it is an optimum solution for your Magento website.

Maintenance

A Magento site will run smoothly, provide security, and an efficient backup system, if the maintenance is done right. It is essential for keeping up to the scratch performance. Depending on the features, costs, and size, the cost of Magento can differ. These factors can include installing security patches, updates, managing backups, and monitoring site performance. Further, you can improve your maintenance by following the factors:-

Bandwidth Usage
Reducing the size of pages & images
Reliable hosting plans provide cost-effective and time-efficient solutions
A Content Delivery Network (CDN) can further ensure smooth performance and reduced bandwidth.

The maintenance of your website greatly affects the aspects of prices of your Magento website.

Licenses

Magento licenses are based on three versions. They are as follows:-

Magento Open Source: Free Community Edition
Magento Commerce: $22,000 p.a
Magento Commerce Cloud or Adobe Commerce Cloud: $40,000 p.a.

Other than these, there are future costs levied, such as purchasing a domain, buying hosting, design & development a website.

Extensions

Besides other components, you need Extensions that can boost the strength of your business more. They are plugins that add a wealth of functionality. However, they may come with additional expenses. Also, it is essential to buy an extension for the potential ROI of your website. You can find the extension of your choice from the Magento extension store.

The extension store offers a wide range of extensions and plugins for Magento, including everything from marketing and analytics tools to shipping and logistics plugins. Prices vary depending on the extension, but many are available for a one-time fee or a monthly subscription.

What are the popular Magento extensions?

Magento 2 Call for Price extension

The Magento 2 Call for Price extension by Mageplaza is a powerful tool designed to provide flexibility to store admins by allowing them to hide the prices of certain products. This extension replaces the price display with a clear Call to Action (CTA) button, typically labeled as ‘Call for Price’. When customers encounter products with hidden prices, instead of seeing a numerical value, they are prompted to click on this button to inquire about the price.

Upon clicking the ‘Call for Price’ button, customers are directed to a form where they can enter their contact information and any additional details required by the store. This form serves as a means for customers to request a price quote for the product in question. By entering their information and submitting the form, customers initiate communication with the store, allowing them to receive personalized pricing information tailored to their needs.

This extension is particularly beneficial for stores that deal with custom or highly configured products where pricing may vary based on individual specifications. By hiding the prices and prompting customers to inquire directly, it encourages interaction between the store and potential buyers. This not only fosters engagement but also enables stores to gather valuable lead information which can be used for follow-up communication and conversion efforts.

In essence, the Magento 2 Call for Price extension empowers store owners to control the visibility of product prices and encourages direct communication with customers, ultimately enhancing the sales process, especially for businesses offering specialized or customizable products.

Zoho Inventory and Magento 2 Connector

By connecting Zoho Inventory with Magento 2, you can get highly optimized automated features to maximize your CRM approaches. This integration supports advanced inventory management features that help businesses run in a reduced time and in a cost-effective process.

The new features involve:-

Automated tracking sales and communication with customers on a cross-platform basis.
Adapt approaches to connect to different leads and contacts .
Zoho integrations such as Microsoft Outlook, QuickBooks, MailChimp, etc.
Adjusted with mobile features that keeps it more adequate for mobile users.

The Zoho integration with Magento 2 also allows businesses to synchronize data about customers’ orders and products from measuring 2 with Zoho CRM. Thereby, it automates routine business task, track sales and improve customer communication.

The integration also supports advanced inventory management features such as multi-warehouse management and real-time inventory updates. Businesses can benefit from auto synchronization via cron or by event, keep an eye on synchronization errors on a report page, and configure data sync for multiple websites. Also, its no-code import & export solution makes it available for businesses to integrate their store with any CRM system.

The cost of the integration depends on a number of order processes for months with plants starting from $29 per month, with $24 extra per additional member. Annually, it can total $288 per year with additional discounts.

Magento 2 Paytrace Payment Gateway Extension

PayTrace Payment Gateway Magento 2 extension integrates the Paytrace payment gateway with Magento stores and enables them to accept and secure quick online payments. Paytrace is a level I PCI compliant payment gateway that specializes in B2B transactions and processes Level II and III credit card data in a secure and PCI compliant manner.

The extension uses the direct payment processing method that allows customers to enter their card details in the Magento 2 store itself. It helps them to save cards for future transactions, custom titles for the PayTrace payment method, and display the Paytrace payment gateway logo at the checkout page.

The extension also offers options to configure the minimum and maximum order total required to use the payment method. The extension facilitates customers to check their Paytrace payment details and saved card details in their ‘My Account’ section in the front end. Then, the admin checks customers’ Paytrace payment details from the order view section in the back end.

The extension includes a range of features including integration of Magento Store with Paytrace payment gateway, direct payment processing method, vault to save cards for future transactions, and custom titles for the Paytrace payment method.

Hence it is a great way to enhance the security and efficiency of the payment system of measure to store and the one time fee makes it affordable options for all business sizes.

The Bottom Line

Magento 2 is a reliable and flexible E-Commerce platform suitable for businesses of all sizes. The cost of running a Magento website depends on the size and complexity of the business. Small businesses with limited product range can get by with a simple measure to installation while large businesses may require extensive customisation and development work.

Ongoing maintenance, support expenses and up over time make it important to consider the long time costs. Thus, investing in a robust system from the start can save time and resources in the long run. The Magento 2 connections also allows businesses to focus on marketing sales, customer engagement and brand awareness.

Tags: Magento