When getting started with Magento B2B, there are various issues that need sellers to take into consideration. One of the most decisive things to consider is the cost of building a Magento B2B site. Without careful preparation, your business will struggle with the heavy burden of expenses. Therefore, our article today will figure out all types of costs when forming the Magento B2B site.
How much does it cost to form a Magento B2B site?
Magento 2 Open Source Costs
To develop a Magento 2 B2B website, the first option may be hiring an agency. The agency can help you build a website with high performance, full features for all of your transactions which is supportive for your B2B business. After the web development process, you can contact the agency for further consultants, maintenance and supports àn create a long term relationship. With the high-quality service, the amount of money you need to pay for the Magento B2B agency is considerable, from $25 to $200 per hour on average.
Another option to build your Magento B2B site is hiring a freelance developer. This is a much cheaper solution for SMEs but there are some limitations. The business runners can not control the skills, expertise and abilities of the developers as well as the long-term insurance for the Magento B2B site. To avoid those drawbacks, the businessmen should consider carefully the freelancers’ background, whether they can meet your expectations to reduce the risks of poor results. The cost for hiring Magento B2B developers is variable from country to country. While it costs from $10 to $20 per hour in Southeast Asia and from $20 to $60 per hour in Eastern Europe, it costs much more in the US, UK, up to $200 for one hour.
You can build your own development team from your workforce. Your team will understand clearly about your business, each project and you can manage them more easily. The cost of this approach is up to $80,000 for a junior developer and up to $120,000 for a senior developer per year.
As a marketing approach, having attractive Magento 2 B2B themes can help your store be more impressive and engaged. While decorating a theme is not compulsory, you may need to purchase it if you want to enhance customer engagement and communicate with visitors. The cost of this part is up to $499; and if you do not want to invest, the cost is zero.
Another part of the Magento B2B website is buying domains. The best domain name is the one that can make customers impressed and help them remember your site easily for further access. There are two options for you: buy a completely new domain or redeem an expired one. The cost of a new one is from $10 to $15 per year and the cost for redeeming is from $20 to $500 per year.
It would be a mistake if you didn’t equip Magento 2 B2B extensions for your business because those things can optimize your operation and boost your revenues. Magento app marketplace offers various apps for you, including the single one and sets of apps. To optimize the productivity and enhance integration, you would be better to purchase a set of extensions, which costs from $599 to $3000.
All your B2B transactions take place on your Magento site, that is why you need to make customers feel safe when they give you their personal and payment data. One approach is getting an SSL certificate. Traditionally, the costs for those certificated is included in the hosting service’s cost. However, if you buy those certificates from other authorized companies, you need to pay from $10 to more than $100 per month.
There are a lot of approaches to do marketing on your Magento B2B. Content Marketing and social media marketing costs much more than other forms, $3000-$5000 and $400-$20,000 per year respectively. The business runners can invest in cheaper forms of marketing such as SEO ($300-$1,500/year) and Email Marketing ($100-$1000/year). Also, the cost of paid ads is also considerable, but it depends on your demand.
There are a lot of arising problems during your operation such as bugs, low-responsive websites, poor performance and security risks. To solve all those problems, you need to pay the maintenance costs to fix and upgrade your website annually. In detail, the maintenance cost idd from $500 to $12,000 per year.
Magento 2 Commerce Costs
The big enterprises usually choose Magento 2 Commerce to operate their business as this platform can provide various functions specialized for B2B merchants. The costs for Magento 2 Commerce Costs is up to $22,000 per year.
Magento Commerce Cloud Costs
Magento Commerce Cloud is the most expensive edition among three ones. Because it can handle a large amount of data and incredible management ability, the price of this version is from $40,000 to $190,000 per year.
With our lists of different costs to build a Magento B2B site, we hope that you can confidently choose suitable approaches for your business and are ready to make a financial plan.