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How to Start an eCommerce Store Using the Magento Platform

As per the recent statistics, 1.8 billion people across the globe purchased products online that led to $2.8 trillion in sales. And as per the prediction, the figure is likely to hit $4.8 trillion by 2021. These highly impressive statistics are enough for anyone for starting an eCommerce business.

Magento is one of the brilliant eCommerce platforms that has helped many prestigious brands in their eCommerce journey, which includes giant names like Timex, Land Rover, Ford, and many others.

Now the question arises How do you launch your Magento eCommerce store?

  • Pick a Striking Domain Name
    The domain name you choose today will be the name your customers remember forever; hence it is incredibly crucial to have an appealing and easy-to-remember domain name for your Magento eCommerce store. A wrong domain can indeed make or break your online business; hence any merchant has to put a considerable amount of effort in picking up a striking domain name.
  • Magento Edition, Installation & Hosting
    Magento has mainly two widely established editions, the first one is Community Edition which is free of cost and another one is paid, Enterprise Edition, which is also known as Commerce Edition. Due to its cost-effectiveness and well-capable enough to deals within a large number of products, the Community Edition is widely used by a significant number of startups. On the other hands, Enterprise Edition is a paid version which unlocks an additional bundle of features and technical support.
    Each Magento version has some predefined requirements to meet a flawless performance. For example, If you have opted for Magento 2.3 version, then, it’s mandatory to install these requirements,
    1. MySQL 5.6, 5.7
    2. MariaDB 10.0, 10.1, 10.2
    3. Percona 5.7
    4. MySQL NDB Cluster 7.4.*
    5. PHP versions: 7.1.3, 7.2.0
    6. Apache 2.2 or 2.4
    7. Varnish version 4.x or 5.2
    8. Redis version 3.2, 4.0, 5.0
    9. RabbitMQ version 3.7.x
  • Secure the Store by SSL Certificate
    SSL is known as Secure Socket Layer, which is a standard security technology responsible for establishing an encrypted link between the web server and browser. The most significant benefit of having an SSL certificate is that it activates the HTTPS protocol. SSL also helps to boost up organic ranking in search engines such as Google. It also makes sure that the entire data exchange which takes place between website and customer is authentic and reliable.
  • Themes & Extension for Magento Store
    For any merchant to have a successful online store, it is essential to attract more potential customers. And the easiest way to do this is to set up an eye-catching theme that will attract user attention. Which will lead them to extend their sessions on your site. Merchants can avail tons of magnificent themes from Magento Marketplace, some of them are paid, and some of them are unpaid. Magento Marketplace also offers some great extensions to give better functionality to Magento eCommerce store.{Image featuring Themes}
    {Image featuring Extensions}

    It is also advised to the merchants to put a better combination of design, font, and colour, which resonates with the business niche. Detailed product description with essential points, transparent map, hassle-free checkout process, and multiple payment methods will save the customers’ shopping time, which will inspire potential customers to come back to your store again and again.

  • Products Migration
    After completion of the design and development, the next thing comes on the to-do list is adding the products which you want to sell. However easy task it may sound, but managing warehouse effectively will become the key for a successful Magento store. The name, type, characteristics, quantity, and price of the product must be precise. This technique will simplify the buying experience of the customer.
  • Development Phases Cost
    For an eCommerce store owner, it is essential to know about the Magento Store development pricing. This table will enlighten you with the estimated cost for Magento website development.

    Development by an AgencyFrom $25-30/hr
    Development by a FreelancerFrom $20-25/hr
    Development by the In-house TeamFrom $65,000/yr
    Magento Themes$0 – $399
    Magento Extension$50 – $500
    Graphics$10,000 – $18,000
    Domain$50 – $500
    HostingFrom $12/month
    SEO$50,000 – $60,000/yr
    Maintenance$50 – $125/hr
    Support$30,000 – $50,000/yr
  • Conclusion
    Starting your own Magento eCommerce store isn’t a cakewalk. However, to beat the competition and stay ahead in the race and build your vision into a profitable eCommerce store – you need to opt for the right e-commerce tools and find the right people who believe in your vision. We at Mage Monkeys have been doing it ever since and building some fantastic Magento eCommerce stores from scratch to up-gradation of the present store. Drop your words in the contact form and let us help You.
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