Magento 2 has brought emphatic transformation in the eCommerce space. Various online stores today are leveraging the benefits of Magento 2 to increase their customer base.
In today’s time, Magento 1 to Magento 2 migration is one of the hottest topics on the Magento community.
Magento 2 is the latest incarnation of its leading eCommerce platform. From a small startup to high-end eCommerce brands like Harper’s Bazaar, Christian Louboutin, Nike, and Vizio, it’s powering around 9 percent of the world’s eCommerce sites present inside Alexa’s Top 1 Million websites.
Magento 2 is featured with new functional capabilities and enriched with various new advanced features that make it a better platform overall. Now businesses of all sizes are relying upon it mainly because of support, scalability, security, high performance, and ease integration. The recent release of version 2.3 gives store owners unprecedented sales power and business management flexibility. It also helps them overcome some of the key challenges that they were facing in Magento 1 such as improved performance, one-page checkout process, mobile-friendly, enhanced admin interface.
In the eCommerce space, Magento is the only platform that stands high along with a 26% market share. As per the report, in 2017, the retail e-commerce sales worldwide amounted to 2.3 trillion US dollars and it’s projected to hit $4.135 trillion in sales in 2020.
There are three editions of Magento 2:
- Magento 2 Open Source (formerly known as Community Edition)– This edition of Magento is the free and best for small businesses that want to build from the website from scratch.
- Magento 2 Enterprise Edition– It is a premium version of Magento which is tailored for medium and large size businesses. The enterprise edition is coming up with additional advanced features such as management tools, inventory management, and marketing options. Costs for using this edition starts from $22,000 a year, which is significantly higher than most Software-as-a-Service (SaaS) platforms.
- Enterprise Cloud Edition– The cloud edition has the same features as the Enterprise Edition. This SaaS option eliminates the need for self-hosting. The cost of a cloud edition is much higher than the Enterprise Edition.
As per the report of Builtwith, only 9% of Magento 2 users are using the Enterprise Edition, while many eCommerce brands are using Open Source edition.
Why Migrate to Magento 2?
Magento 2 was officially introduced in 2015. The latest version of Magento 2 comes with brand new architecture, coding structure, and database design. Magento 2 development is the next level in the evolution that has been designed to resolve problems/issues encountered within Magento 1. Furthermore, Magento 2 sites are typically 20% faster than Magento 1 sites thanks to speed and performance enhancements.
Note- It has previously announced that Magento will stop the support for the Magento 1 by the end of the second quarter of 2020, means no new features will be introduced now.
Improved Performance– In terms of performance, Magento 2 is 20% faster than its successor as it has built-in full page cache which increases the overall performance of the website. It will also help in better website rank on search engines and increase more sales.
Superior CMS / Catalog Management– Using Magento 2, you can easily manage your products, product images, and product description. Thus, you can set up more than 150,000 products in 5,000 categories.
Attractive UI Design– The enhanced and minimal design element will make it easier for Magento users to take advantage of new features.
Easy Admin Panel– The new admin interface is amazing and designed to help you reduce the time in managing products, sales reports and more. It’s user-friendly and easy to access for new team members.
Search Engine and Mobile Friendly– In this mobile-driven world, almost every user prefers online shopping on mobile devices. The responsive and search engine friendly design of Magento 2 provides amazing shopping experiences to your customers across all types of devices and browsers.
Third-Party Integration– You can also integrate 3 party APIs according to your store’s need. Around 5000 extensions are available for Magento and many of them are free.
Enhanced Results Tracking & Visibility– The admin can easily track what is running in the store. The admin can track Sales report, analytics report and product inventory, number of the order delivered, page ranking, etc., without any hassle.
Better Omnichannel Commerce Experiences– Magento 2 will help you meet the needs of your customers by creating world-class omnichannel experiences. Maximize omnichannel retail by shipping to and from anywhere and exceed customers’ expectations and they will keep coming back.
Streamlined Checkout Process- Give your customers excellent shopping experience by Magento 2 Migration. It provides a streamlined checkout process to encourage shoppers to buy more.
How To Migrate To Magento 2-
You can easily migrate your store to Magento 2. According to the official Magento documentation, Magento 2 migration is categorized into four different stages that are given below-
Theme Migration– Although, the theme of Magento 1 is not compatible with Magento 2. The latest edition of Magento Commerce has come with the latest design elements that will enhance shopping and store experience to the users and merchants respectively. Either you can build the same existing design PSD or can create a theme for Magento 2 from scratch. Moreover, you can also use any ready-to-apply to customize the theme according to your Magento 2 store.
Extension Migration– Remember, the extension of Magento 1 will not work in Magento 2 due to several compatibility issues. The architecture of M2 is different from M1 and coming up with new features and enhanced functionalities. If you want to use the same extensions for M2 then you can re-create code for the Magento 2 extensions.
Customizations– Customization is an easy work that you can perform using Code Migration Toolkit. Magento allows you to customize the code of Magento 1 for Magento 2. But due to several differences in two platforms, you have required some additional work to successfully integrate custom code with Magento 2
Data Migration– It is one of the most important steps of Magento Migration that you need to take into the account. Moving Magento 1 setting to Magento 2 is not easy overall. To perform data migration without any data loss, you need to work with Magento experts. To ease up the Magento Data migration process, Magento has officially released Magento 2 Data Migration Tool that helps you migrate your complete store data and settings using CLI commands. Using this, you can easily migrate your critical data such as products, categories, orders, store configurations & settings, etc. to Magento 2.
Get more information: 10 Tips To Hire A Magento Development Company
What Does It Cost?
Owners of online stores who have migrated from Magento 1 to Magento 2 are experiencing cost saving of 62%.
Also, the cost of migration varies according to the size of your stores or data or your requirements. Here, we are going to discuss the cost of migration that will give a clear idea about how much money do you need to spend on migration.
|Endive Software||US, UK, Australia & Other Magento Agencies|
|Hourly Rate||$20-$25/ working hour||$70-$100 / working hour|
|Magento 2 Migration Service Cost||From $5,000 – $7, 000 on average (divided into several installments)||At least $10, 000 to|
$15, 000/ project
If you are running a simple Magento 1 based eCommerce website that has less data or plugins. And it’s compatible with Magento 2 then it would take around 1 week and $700 in setting up the store.
If you are running a complex eCommerce website in Magento 1 which has massive traffic or order per day, then a serious work is required for moving it successfully in Magento 2. Thus, data migration, theme migration, and extension migration may increase the cost of migration as all these are not compatible with Magento 2. So, complete customization or Magento 2 development is required and it would take around 3 months in setting up the store in Magento 2. And, the total cost would be around $5,000 to wind up the task.
You can also hire experienced Magneto developer for the migration. The cost of a developer is as low as $15 per hour.
The US, UK, and Australia based company and developers charge around $10, 000 to $15, 000 and $70-$100 per hour respectively.
The Indian based company and developers will cost you around $5,000 to $7, 000 and $15-$20 per hour respectively.