Several open-source multivendor platforms are available out there to develop an eCommerce website. The list includes Magento, BigCommerce, Shopify, 3dcart, WooCommerce, Volusion, Prestashop, Weebly, Squarespace, and Wix. Choosing which framework to opt for is a hard nut to crack. However, you don’t need to worry.
Magento is well renowned and widely used eCommerce platforms in the eCommerce development community. Statistics show that currently, 269,351 live websites are using Magento. Worldwide, many prominent business organizations use Magento, such as Ford, Coca Cola, Nike, and many more.
Magento Usage Statistics: Credit BuiltWith
Why is the Magento eCommerce Platform the Preferred Choice?
Open-source eCommerce platform
The best part about the Magento platform is – it’s free. It’s released under Open Source License ver 3.0 and built using PHP and other open-source tools.
Custom Designed for eCommerce
Magento is a feature-rich eCommerce platform that comes preloaded with all the essential tools needed to develop up an eCommerce website
The Magento Community Support
Since Magento is open-source, there’s community support as well. The community ensures that the platform remains updated, fast, reliable, secure, and free from bugs.
Hosting Options
Unlike Shopify and Volusion, Magento allows an eCommerce store to select any hosting company of their choice freely. It provides great freedom for all online shopping businesses to choose the best hosting solution provider that fits your requirements and your budget.
Third-Party Integration
It offers limitless and restriction-free integration of all third party components without any hurdles. It is thereby shortening the development and deployment timeframes considerably.
Fast and Scalable eCommerce solutions
The quicker website loads, the faster the information received by the consumer, and this will eventually lead to higher revenue. Magento is known for its power to produce fast-loading web pages.
Build Multi-Currency and language support
Most of the well-known open-source eCommerce platforms have little to no options regarding multi-currencies. However, Magento supports all currencies throughout the world, which makes it efficient for international retailers. Additionally, Magento is also known to support a variety of languages.
Responsive Design/Mobile Friendly
According to Statistica, the share of mobile devices in global eCommerce transactions is rapidly growing. Realizing this growth potential, Magento incorporates HTML5 capabilities, ensuring that the storefront has a responsive design that caters flawlessly to mobile devices.
Also, read: 7 On-Demand-Business Ideas For Startups to Invest In
The Price of a Magento eCommerce Multivendor website
The final project price may vary significantly, depending on the platform you opt for. At present, Magento offers 3 editions, viz, Magento Open Source, Magento Commerce, and Magento Commerce Cloud.
Magento Open Source is a free edition, ideal for developers and small businesses. This version can be downloaded and used entirely free of charge, but it has limited functionality and comes without support.
The cost of using Magento Commerce and Commerce Cloud versions depends on gross sales revenue.
Magento Commerce fits better with medium and large scale enterprises and with huge turnovers. The annual license cost ranges from USD 22,000 to USD 125,000 for Gold Support. Platinum support is priced 20% higher. Once your income crosses USD 1 million, you need to start paying more than USD 22,000.
Magento Commerce Cloud Edition ranges from USD 40,000 to USD 190,000 per year.
Hire Best Open Source Ecommerce Platform to Build Multivendor Stores
Popular eCommerce Stores using Magento
Take a look at the Popular eCommerce platforms using Magento to see how these platform has transformed customer experience and accelerated business growth across industries:
Coca Cola
Need no introduction. It’s popular worldwide and the biggest-selling soft drink of all time. Be it personalized bottles, gift boxes, apparel, or some occasion collections – jump on their Magento store.
Ford
World-famous automobile brand Ford uses Magento for its Ford Accessories Online website. The website gives very useful information about interior and exterior accessories.
Nestle Nespresso
brings professional coffee capabilities into the comfort and convenience of your own home. Nespresso offers coffee machines, coffee capsules, and related accessories online and uses Magento to give its eCommerce interface an organized feel and a stylistic twist. Nespresso uses the Magento eCommerce platform since 2009.
Nike
a multinational corporation engaged in the design, development, manufacturing, marketing, and sales of footwear, apparel, equipment, accessories, and services, also uses Magento for their online store.
The North Face
offers an extensive line of performance apparel, equipment, and footwear. As one of the largest Magento Enterprise online stores, The North Face takes Magento to the next level.
Examples of eCommerce Websites Developed by Esferasoft
Halloween Wholesalers is an online marketplace for Halloween costumes. It’s a great example of a Magento online store that’s highly optimized for high traffic peaks. The site is full of beautiful visuals with plenty of sorting and filtering options on product listing pages. Good merchandising and well thought out templates also make this site easy to use.
Ummah Couture: is an online retail store selling Islamic products from Hijabs to handmade tasbihs, Eid greeting cards, and prayer mats. Using the Magento eCommerce platform, Ummah Couture provides customers with an impeccable online shopping experience.
In a nutshell, Magento is the preferred choice over other eCommerce platforms. Magento is an open-source platform; therefore, it has an ever-growing list of new and better extensions. Magento is specialized for eCommerce, offering customer-centric shopping experience, cross-browser support, safer, more secure payments, multi-lingual, and multi-currency support, and quick checkout options.
Are you Looking to Develop an eCommerce Multivendor Website?
Build an online marketplace with Magento. At Esferasoft, our experienced ecommerce developers help design the ultimate eCommerce marketplace for the enterprise of all sizes, be it large online stores or small and medium enterprises (SME’s). Our unparalleled solutions offer excellent customer experience(CX), and boost your online business. For more details about work process, Check our multivendor ecommerce development services.
