It doesn’t matter how great your product is. If you don’t sell it on a quality platform, your business will suffer. An Ecommerce platform can make or break your business. This is why you must select the best Ecommerce platform 2019 has to offer.
Magento and Shopify Plus are two of the leading platforms for enterprise-level businesses. While each of them has their fair share of benefits, a lot of companies have trouble deciding which platform to opt for.
For those of you who are at a lower stage of business, in terms of revenue, you might be tempted to assess both options regarding cost. Here are all the expenses regarding the two platform that you must know about.
Compared to Magento, Shopify Plus features a lower build cost. This is because the build projects of Shopify don’t require a lot of backend development. This includes functionality tasks and database work. Since they are less integrated than Magento, Shopify Plus is cheaper in terms of build cost.
While the exact build cost will depend on your functional requirements, in Magento, you can expect an expense of around $150-$500k. Shopify Plus won’t cost over $100k.
Once your Ecommerce store is built on the platform, there are still various expenses to take into considerations. One of the most significant sources of expenditure is the maintenance cost. You must invest in fixing as well as updating your platform to deliver the best experience to your customers. In this regards, Shopify Plus tends to be cheaper than Magento. This is because if I self-hosted and hence everything is taken care of. In Magento, you must pay for it all.
You need to spend on purchasing the license in both Magento and Shopify. This fee is charged on a monthly basis in case of Shopify and annually in Magento. How much you pay a license fee will vary according to the revenue generated on the platform.
Overall, for a business which isn’t making a lot of money, Shopify Plus will undoubtedly be the cheaper solution to your problems. It costs much lesser than Magneto. However, the experience may be slightly compromised as well. But as far as cost is concerned, Shopify Plus is clearly the winner. It succeeds in delivering a cost-effective solution to enterprise-level businesses.