Thanks for asking this question. Let me tell you my own story. Based on my account, you will be able to decide what is the cost of building a website in Magento.
I did eCommerce lifestyle startup " Yuvastyle.com " in 2012 and was competing against eCommerce giants like Myntra, Fashionara, Flipkart ( Amazon was not in India ). We developed our eCommerce website in Magento considering the following points :
eCommerce website was only 10% of our business but took 40-50% of our time.
Everything looked good until we started scaling our business to around 50 orders a day. Following are problems we faced with Magento :
In 2014, we stopped Yuvastyle as we were burning money and were not able to make any profits. We analyzed our failure, and using Magento was one of the reason. It was a wrong decision to use Magento, either I would have used Shopify, Bigcommerce, and focused on business. Magento cost us a lot of time and money which we could have used to solve other core business problem. eCommerce website was only 10% of our business but took 40-50% of our time.
Cost of developing a Magento website is not high, but the cost of maintaining and scaling is exorbitant. Please don't go for it. It's my recommendation.
Mid-size stemming from a wide gamut of industries can leverage the robust infrastructure provided by Magento, and its ability to deliver a customized solution will find this eCommerce store builder profitable.
In an ideal world, the cost of building an eCommerce website should be transparent and reliable when we compare the sheet with the market cost. But the sad truth is, we don’t live in such an ideal world to know the exact cost of developing an eCommerce site.
Wait, wait still there are many platforms that offer you all the features and functionality that you need at a reasonable price, Magento stands out among them, which is highly transparent in letting you know the exact cost of development.
But consider the following points, these are the benefits that the Magento platform offers you if you develop with it.
Magento can fit the budget of almost any retailer, both large and small. As from our own experience, the optimal budget for a basic website based on Magento lies within the $6,000-10,000 range.
Alright, without further hustle, investing in the Magento platform for your eCommerce website development will reap you well in return.
Magento is a highly advanced ecommerce framework that is open source, fully customizable, extremely flexible and comes with a well-organized administrative panel. It is the preferred choice for most ecommerce store owners to build scalable and bespoke Ecommerce websites that resonates with their business process.
HourlyDeveloper.io highly proficient team at our Magento development company has rich knowledge of the latest Magento versions, Magento web development and standards to provide effectual custom Magento development solutions for all your Magento Ecommerce needs.
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