Choosing the best platform for launching an online business has never been simple, especially for eCommerce rookies. The most often asked questions appear to be around open-source vs. hosted carts. Because Magento vs Shopify is both best-in-class systems, tens of thousands of e-commerce businesses select them.
Despite a few faults, both platforms earn credit for delivering good features for an internet business with a lot of them. Choosing between the two appears to be difficult for an eCommerce business owner since each has its own set of specialties.
We’ve put together a comprehensive Magento vs Shopify comparison to assist you in determining which is the best fit for your business.
Let’s begin with the basics…
What is Magento?
Magento is an open-source platform that you can install on your PC for free, just like WordPress. You will, however, be charged for web hosting, security, and add-ons.
It’s a custom-made solution that both startups and businesses use. On the other hand, Magento Commerce and Magento Commerce Cloud are feasible solutions to explore if you’re a midsize or large business.
In the year 2019 Gartner Magic Quadrant for Digital Commerce Platform, Magento was named a Leader.
Below are just a few of the well-known Magento stores.
Hire Magento vs Shopify: A Comparison Guide to Pick the Best for Your Online Business
The Statistics About Magento’s Worldwide Usage
- There are over 250,000 Magento stores on the internet.
- It is used by around 12% of all online shops.
- Nearly 11,000 Magento stores are running on Magento 2.
- It accounts for 1.2 percent of all online traffic.
- As of June 2021, Magento had a 1.1 percent market share of all websites using a known content management system.
What is Shopify?
Shopify is a simple framework for creating online stores. You have to pay a monthly fee to use it, and it can help both small and large companies.
Shopify is a ready-made solution that both startups and existing businesses can use. If you’re a small business, Shopify’s free version is ideal. It is simple to use and provides a professional background, but unlike Magento, it is not free.
On the other hand, Shopify offers a basic and advanced version customized to meet specific business needs.M
Below are the most popular Shopify stores.
The Most Recent Statistics About Shopify’s Worldwide Usage
- Over 1.7 million retailers use the Shopify platform.
- In 2020, Shopify will have processed more than $5.1 billion in sales.
- Over 3,200 apps are available in the Shopify App Store.
- In the first quarter of 2021, Shopify’s total revenue was $988.6 million.
- Shopify employs about 7,000 people.
The Magento vs Shopify comparison will help you understand the critical differences between the two platforms.
sbout starting with Magento Development is that the basic version is free to use to get your eCommerce business off the ground. The Magento Open Source software is available for free (excludes hosting, themes, add-ons, domain-name, SSL certificate).
Magento Commerce and Magento Commerce Cloud are two sophisticated premium versions of the eCommerce platform that you may use to build your eCommerce business. There is no set price for the two versions because it is dependent on how you configure your store.
2. Popularity: Magento has been the most popular platform for eCommerce sites since its launch in 2004. On the other hand, Shopify has experienced a boom in popularity in recent years, with the platform currently accounting for 21% of all eCommerce companies. As we’ll see in later parts, Shopify has earned a name for itself as an easy-to-use platform that anyone can master.
While Magento has proven itself as more than a one-size-fits-all website builder, it continues to attract a sizable user base. Magento remains extremely popular among eCommerce entrepreneurs, powering 1.2 percent of the internet and roughly 12% of all online stores.
3. Options for Payment Gateways: Shopify has a significant advantage here, with over 70 payment gateways supported, whereas Magento has a far lower number of payment gateways supported. Third-party add-ons can be utilized to expand a Magento store’s gateway options.
The primary issue with Shopify development is that you are essentially forced to use its built-in payment mechanism. Although Shopify’s payment gateway has no transaction fees, third-party gateways do.
4. Templates & Themes: Both Shopify & Magento provide a large collection of themes and templates to help you personalize the appearance and feel of your online store to match your products and preferences. While the number of free Shopify themes is significantly lower as compared to Magento,the free Shopify themes are frequently more current than Magento Open Source themes.
Shopify has a large variety of themes to pick from, including 9 free & 64 premium alternatives. Talking about price, these may be a little out of reach for some. To secure a theme for their beautiful stores, Shopify companies must pay between $100 and $180. In comparison, Magento themes provide 11 fully mobile responsive themes for up to $499 for ten premium options. Also, you can even start from scratch using Magento and develop your theme.
5. Management of Inventory: Magento enables you to create & sell an unlimited number of products.
Both systems make it simple to create products and collections, but Shopify has the advantage due to its direct integration with dropshipping inventory tools such as Oberlo.
At the same time, Magento allows for a virtually unlimited number of products. Your host (server) performance and site loading speed may suffer if you add too many products to your Magento store. Because Shopify is a fully managed & hosted solution, you won’t have to worry about this.
Many businesses have shifted from brick-and-mortar to internet sales as a result of the condition of COVID-19. This Magento vs Shopify comparison blog is a thorough guide to assisting you in making the best selection for your eCommerce development store.
Both eCommerce platforms differ in several ways, so it’s critical to compare them before laying the groundwork for your online store. Take a look at the below given factors before making your decision:
- What is the vision for your eCommerce store in the coming years?
- What is your financial plan?
- What is the size of the store, and what are the business requirements?
- Are you searching for a plug-and-play solution, or do you have developers?
- What kind of personalization do you intend to provide?
- What are your plans for your eCommerce store in the next few years?
You can always seek assistance from Shopify and Magento certified organizations to discuss your needs. The professionals will assist you in determining the right eCommerce platform for your needs.