Migrating Magento 1 to 2 -Costs and Timelines
Magento provides an agile shopping cart system for online businesses. The solution further gives you better control over the design, content, and functionality of your online store. You could use it for marketing and search engine optimization.
With Magento 2, you get advanced features, including multi-source inventory, mobile optimization, and new APIs and user verification options. But what is the cost to convert Magento 1 to 2, and how long can you wait?
The business case for Magento 2
Magento 2’s improved scalability allows merchants to manage several stores and thousands of products. You get a variety of new features that improve the overall e-commerce experience for you and your shoppers. Some more justifications for the migration include:
Support and security: This is a push factor. The platform will no longer be supporting Magento 1—no more customer support and security updates. The success of your online store depends on these things, so there is no getting around the migration.
Enhanced experiences: The main selling proposition for Magento 2 is a speedy and seamless checkout process. Features such as instant purchase and integrated payment gateways work like a charm leading to an enjoyable buying experience.
A superior mobile experience: Today, mobile e-commerce is raking in billions. You can keep up with the trend and share in the wealth with Magento 2’s lighter and responsive pages for faster loading and a mobile-friendly checkout for mobile buyers.
Better design and performance: The migration helps you take advantage of advanced and newer templates that are more attractive and responsive. These could lead to faster load speeds for a seamless buyer experience.
Other compelling reasons for the migration
- Better and centralized reporting
- Email marketing automation
- Configurable dashboards
The actual cost to convert Magento 1 to 2
The Open Source or community editions of Magento 1 and 2 are completely free. But these versions do not have support.
For a business that makes less than 1 million in sales revenue, Magento 2 Enterprise Edition comes with an annual license fee that starts from $22,000/yr. The hosted version costs more, with an annual license fee starting from $40,000/yr.
If your business makes $25-$50 million in revenue, Enterprise Edition will cost you 125,000 a year in license fee while the cloud/hosted version will cost you $190,000.
Migrating from Magento 1 to Magento 2.0 can cost anywhere between $5000 and $50, 000 for small and medium eCommerce enterprises. It depends on the features and customizations that you go for when you switch to the newer version of the e-commerce platform.
Your budget and cost to convert Magento 1 to 2 will include:
Data migration: Product data, order data, customer information, profiles, and wish lists and Meta titles and tags will all need to be shifted from Magento 1 to 2 for seamless business continuity. Costs include payment to data migration experts, which can be $23 per hour, depending on the volume and complexity of your data.
Extension customization: You might have invested in third-party extensions to increase the usability of your Magento 1. But these cannot be migrated to Magento 2. You will have to hire a developer to help you build from scratch. Magento developers charge an average of $65- $85 per hour.
Theme building: Just like extensions, you will need new themes for Magento 2. The coding is different, and building new themes could take several weeks. The developer fee remains $65-$85 an hour on average as well.
Integrations and APIs: You may need new integration for working with CRM software, accounting software, or other critical solution. Every new integration project is billed by the hour by Magento developers, and each one lengthens the timeline.
Site redesigns: The total cost to convert Magento 1 to 2 further prominently features billings from site redesign operations. Magento 2 uses a whole new site structure that may need extensive changes on your website. If you can’t replicate your current site design for Magento 2, Skilled designers will charge you an average of $75 per hour.
How long can you wait for complete migration from Magento 1 to 2?
As seen in the costs breakdown, there are many things entailed in the migration process. The total duration and cost to convert Magento 1 to 2 for a business depends on the size of data and the number of features and customizations needed for a seamless e-commerce platform.
Average migration timelines:
- Data migration for small business from Magento 1 to 2 takes two weeks
- Extension building on Magento 2 for a small business can take one week
- If you have to build new themes, that can take between 2 weeks and one month
- A site redesign can take 2 to 3 days depending on the design and code changes needed
- Installing and setting up Magento 2 on a dev server can reportedly take two days
- The final step of the migration which is testing and fixing post-migration issues can take two weeks
The cost to convert Magento 1 to 2 include license fee and developer costs. The total cost and timeline of the migration depend on the size of your e-commerce store and the customizations, themes, and extensions you need for optimal business performance.