The shift to online shopping has changed the way we buy and sell, creating powerful resources and scalable opportunities for business doers. eCommerce platforms are the backbone of online retailers, offering efficient ways to launch, host, and manage a business.
They not only support commercial activities but also help with brand awareness and promotion. Buyer behavior has drastically changed in since the Covid-19 pandemic, and most would argue an online store is essential for retail business success.
Greater accessibility to products, as well as further reach and enhanced flexibility, make online stores a win-win for everyone. In this blog, we highlight the benefits of the popular Magento eCommerce platform, including the associated costs and whether you should set up a store yourself or hire professionals to help.
Launched in 2008, Magento is an eCommerce website platform owned by Adobe that’s designed to build a multichannel experience for B2B and B2C customers. What sets Magento apart from other platforms is its extensive product management and ability to maintain over one million products, helping businesses expand their catalog as they grow.
Built on open-source technology, Magento is hosted on-premise or through cloud hosting services like AWS, Azure, or Google Cloud. Whether you are looking to launch your first eCommerce store, or want to migrate to a better platform, Magento eCommerce can help you reach your business goals.
Magento powers renowned brands like Ford, Samsung, and Coca-Cola. This platform offers businesses the opportunity to create unique and differentiated branded experiences. It adapts well to change, and can easily be modified to meet your online store’s requirements.
As a feature-rich platform, it streamlines eCommerce operations and provides sellers with ready-to-use marketing, search engine optimization (SEO), and product management, among other capabilities.
Its seamless scalability ensures even stores that face rapid growth won’t be limited by the platform. If you start as a small online retailer, you can always upgrade to the Magento enterprise edition when your business expands.
Magento possesses an impressive list of prominent capabilities that offer brands outstanding benefits and make it one of the more competitive commerce options available:
Scalability: Magento suits businesses of all sizes, selling 100 to more than 100,000 different products. It’s scalable and continuously releases new features to meet eCommerce and customer demands.
Multi-platform integration: By allowing integration from third parties, online owners have full control over integrating their store with other selling or payment gateways and add-ons.
Multi-website, store, and currency: It’s easy to set up additional websites using catalog subset and design variations, reducing the cost of running multiple websites.
Superfast search: Magento Enterprise uses improved search technology called Elasticsearch that helps customers find the right product quickly.
Modern technology: The latest version (Magento 2) is compatible with the latest technologies like PHP 7, which means faster load times with fewer server resources and, therefore, lower hosting costs.
Personalized customer experience: Effective customer segmentation according to target audience behavior, and the ability to promote product lines based on these segments, provides more targeted promotions and effective conversions.
A quarter of a million merchants rely on Magento to run their business. It is the third most popular eCommerce platform around the globe due to its extensive array of powerful tools for building and managing online stores.
Besides the general appearance of your online store, the Magento platform allows you to choose from a variety of shipment, payment, and language options to accommodate your customers. With the right Magento developer, almost any functionality you can imagine is possible.
Because Magento is an open-source platform, most of the functionality you’ll want likely already exists in the form of plugins (third-party extensions). Some of these plugins provide solutions for accounting, payment, processing, and other common needs, and many are free.
With over 5000 plus extensions and templates, Magento’s extensive adaptability and customization ensure businesses remain competitive. However, it’s important to know that the greater the level of customization required, the higher the chances you will need to hire a Magento developer because much will need to be coded from scratch.
Although there are a few themes available, it’s almost always better to opt for a professional developer if you want your Magento website to be truly unique. There are many software solution companies, like us, that have sufficient experience and proven track records in building custom applications to sell online.
Magento’s latest version, Magento 2, is mobile-friendly, contributing to a higher ranking website ranking in search engines. Especially Google, since it evaluates the mobile site version first. Today, smartphones are the primary gadgets consumers use to go online, so mobile optimization is the rule, not the exception, for eCommerce.
Magento 2 offers a mobile-first orientated platform with responsive design. It displays essential features but does a better job at figuring out what they are, meaning smartphone users won’t feel misinformed or have trouble getting to the products they want.
Magento 2 also has a more consistent UI between desktop and mobile website versions. Because of this, it’s much easier to adapt your eCommerce store for multiple devices.
Additionally, it is compatible with Google Analytics, so you can customize tracking parameters, which you can do in the Magento admin panel. Currently, this is one of the most convenient ways to monitor target audience behavior.
The updates made to Magento 2 mean your eCommerce store is more likely to convert visitors than before. Because mobile users tend to spend more, it’s important you offer them a mobile-friendly experience that encourages them to make a purchase.
A mobile-friendly website in today’s market is essential to drive your eCommerce business forward, as eCommerce dollars now comprise 10% of all retail value. An eCommerce store optimized for mobile makes your store appealing, user-friendly, and easy to navigate irrespective of the device used and its resolutions.
Magento offers international retailers multi-store functionality. This allows you to run several stores or channels from a single admin interface. Therefore, localized sites per market can be managed from one space, while sharing the same backend and codebase.
These sites can also share customer data or remain separate according to different customer groups. Each website, store, or store view affords flexibility regarding pricing, tax, and shipping.
Shipping methods and shipping providers are of great importance to eCommerce operations. Magento works worldwide and offers the best shipping solutions to ensure your customers receive their goods on time.
As a global platform, it offers flat rates, free shipping, table rates, and online rates. You can base the rate on a minimum purchase or set up a shopping cart price rule that applies when a set of conditions are met.
One of the main advantages of Magento is it is pre-integrated with the world’s most popular shipping providers, such as DHL, UPS, FedEx, USPS, and more. To enable these services, all you have to do is enter specific data from your service provider and configure the settings accordingly.
Painless integration with third-party services simplifies the process of adding new functionality or upgrading an existing one. Magento easily integrates with Google, Salesforce, PayPal, Sage Pay, all major social media, and other commercial applications to help you run a successful commerce business.
Magento offers solid integration for so many third-party extensions that bring several benefits to store owners, such as:
With Magento, customers can opt for redirect or direct payment gateways; The former takes the customer to a secure payment page hosted by a Payment Service Provider (PSP), while the latter allows all payment processing to be done on-site.
The shipping process can be exhaustive, to begin with. As such, there are many third-party and platform software integrations available to streamline the following:
Magento CRM systems can help merchants enhance customer engagement by gathering data, building customer loyalty, and devising a functional approach to better sales and marketing. Some CRMs that Magento is compatible with include HubSpot, Metrilo, Salesforce, and Zoho.
Social media management is a vital component of digital marketing. Besides supporting a number of social media integrations, Magento 2’s social login extension can increase the number of your registered customers by providing a registration shortcut that allows logins via social networks.
Therefore, your visitors can use Facebook, LinkedIn, Twitter, and Google for rapid registration. Other integrations like Magento Social are a good free option, as well as MiniOrange and Magestore, which help utilize the potential of your eCommerce social media accounts.
More than 65% of people have higher expectations for customer service today than they did three to five years ago. This reveals a lot about the kind of service your target audience expects.
Thankfully, help desks and live chat are compatible Magento integrations, which streamline customer service response and solution times.
Customer support systems provide assistance to customers with everything from making online purchase decisions to resolving issues while creating a seamless customer experience across channels and platforms.
Adobe Commerce offers support tools to help merchants improve their Magento commerce experience. From best practices and troubleshooting, their Magento forums share tips and solutions to get your store running perfectly for those who use the free version.
Driven by a global community of developers, Magento’s 360,000+ forum members provide proper guidelines and solutions for particular challenges. Made up of eCommerce developers, bloggers, designers, project managers, and the likes, rest assured, the developer support available is grounded in practical application.
Magento’s platform is integrated with Google Analytics to provide detailed reports containing insights that can be incorporated into your digital marketing strategy. Its report overviews function makes it easy to read or send reports with minimal effort.
These reports are based on product, order, and customer data. While the platform’s Advanced Reporting uses Magento Business Intelligence for analytics, you don’t have to have a Magento Businesses Intelligence account to use it.
With Magento, you can get a high-level idea of how your store is performing. You’ll know where your customers came from, who they are, and what they bought on a single platform. This makes it super convenient to track revenue, net profit, refunds, discounts, profit margins, conversion rates, and more.
When an eCommerce store is SEO-friendly, it means that Google and other search engines can crawl each page efficiently, interpret its content, and index it in their database. Once indexed, they can serve the most relevant and valuable web page to their users based on the topics users search for.
Consumers will not find your business online unless you rank on the first search results page (SERP). In fact, 75% won’t scroll past the first page! Luckily, Magento is well-built for SEO. It has great features for robots.txt files, sitemap.xml, and multiple ways to redirect pages.
With Magento’s SEO capabilities, you’ll attract more traffic and sales because it provides:
And these SEO benefits will help your store get on Google, Bing’s, and other search engine’s radars because:
The best thing about the Magento commerce platform is you don’t need to add further extensions or modules; everything is already built-in.
There is no getting around the fact that eCommerce websites cost money. Unless you’re doing everything yourself with a simple plug-and-play solution, you’re looking at paying anywhere between $5000 to $55,000 to support a website with 100 to 1000 products, which includes design, development, and any other commerce customization.
The cost depends on the amount of functionality and customization you need over the original core features, and the number of integrations required, i.e., product information management (PIM) and customer relationship management (CRM)
Magento offers two versions of its platform: The free, open-source Community Edition, and the Magento Enterprise Edition, which is a paid version.
The Magento Community Edition is free to download, modify and edit any files, code all store data, and host anywhere. Its fantastic feature set lets merchants launch modest businesses and test the platform’s capabilities before upgrading.
However, just because the software is free doesn’t mean there aren’t costs. To build the store and make it live, you’ll still need to pay for your store’s domain, hosting, designing, and development which costs roughly $15,000 +.
The Magento Enterprise Edition’s licensing fee alone starts at $22,000 annually for merchants making less than $1 million per year and increases up to $125,000 for those generating $25-$50 million in revenue.
The major difference between this and the free version is the level of technical support. With the Community Edition, the technical aspects and security are managed by the owner, whereas the Enterprise Edition helps owners at every step.
You also have the option to upgrade to the Magento Enterprise Cloud Edition (pricing starts at $40,000), which provides managed infrastructure services, high security, optimized performance, smooth integration, and scalable web storefronts.
Magento Enterprise and Cloud Editions aren’t cheap. Factor in other costs like hosting and web development, and you’re probably looking at between $30,000 to $50,000.
Saving resources, optimizing strategies, and improving user confidence are just some of the reasons why you should invest in a professional eCommerce platform. Not to mention the cash you can save by not spending money on brick and mortar stores.
Of course, you need to select the appropriate version for your business needs. A small business that doesn’t require upgraded performance capabilities is advised to go with the Community Edition, and large companies making more revenue (between $5-$25 million) should naturally opt for the Enterprise version.
Magento pricing may seem expensive at the beginning; however, the maintenance is relatively inexpensive over the long term. As marketing experts, we can attest the cheapest option is rarely the best.
And here’s the crux: If you get it done right the first time with the right kind of platform like Magento, you save time, money, and lots of hassle down the road.
For those on a budget, starting small and adding customizations and functionality as the business’s demands grow is the best way to use the platform without being overwhelmed by upfront costs.
Do you want to take on the role of the frontend developer, designer, project manager, and development operations manager, among whatever else is needed to launch your own website?
If you answered no, then we strongly advise hiring experts to ensure your website is built correctly from the beginning. Think about it like this: You wouldn’t build or rent a shoddy physical store, so why do so for your digital infrastructure?
In all honestly, unless you are a developer, you probably won’t have the right skill set to leverage the platform’s benefits, which will just result in a steep learning curve of wasted time, troubleshooting, and frustration.
And yet, there is a solution.
Hire Comrade Web Digital Marketing Agency!
We have more than a decade of experience in eCommerce and specialize in custom web development for Magento.
Our certified team offers:
If you want to explore whether Magento is right for your business, we can help. As a data-driven, results-orientated team, we’re trusted by hundreds of clients to deliver excellent service and provide realistic offerings.
Building a quality Magento eCommerce site can be the difference between failure and success. Comrade Digital Marketing Agency will ensure that your website appeals to customers and runs smoothly for as long as your commerce store lives online. Contact us to chat about your Magento commerce possibilities today!
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