Why Magento 2 as a Platform is good for businesses?
Last Updated | June 20, 2023
Table of Contents
Magento 2 as a Platform is good for businesses
As consumers gain more power, businesses look for reliable online solutions to improve customer service and attract new customers. One of the best eCommerce systems, Magento has a comprehensive collection of choices that greatly simplify going online for your company.
It provides you with a versatile, adaptable, and user-friendly strategy for boosting revenue through improved service.
In this post, we’ll define the distinctive qualities that set Magento 2 as a platform apart from competing products and explain why it’s the finest platform for creating eCommerce websites. You’ll learn why major brands across the world favor Magento and how it helps your company.
Many merchants and startups alike are left with the never-ending issue of “What is the ideal technology stack for e-commerce today?” as the e-commerce platform and technology landscape continue to change. Since there is no one-size-fits-all technology stack or platform, there is no uniform response to this query.
The Unique History Of Magento 2 Platform
Knowing a little bit more about Magento’s advantages may pique your curiosity about its past. Although an American firm (Varien, Inc.) founded Magento, Inc. in 2007, Varien explicitly founded the first Magento development company in Ukraine (our region). Since the platform’s launch, many Ukrainian developers and businesses had flocked to it and made it the foundation of their operations.
It should come as no surprise that Ukraine continues to have one of the greatest numbers of Magento businesses and developers and is capable of being referred to as the Magento market leader in many ways. We are tremendously pleased to collaborate on the creation of this cutting-edge and practical platform. Feel free to contact us for a price and more information if you are thinking about developing a Magento project or switching to Magento.
Considerations For Choosing An eCommerce Technology Stack
When selecting a technological stack, there are several factors to consider. Here are our top suggestions in this regard:
Who makes up your team?
What talent you have on staff should be taken into account first. If you already have a technical team in-house and aren’t looking to replace them entirely, your alternatives may be more limited. E-commerce systems are suitable for the majority of technology stacks. We advise beginning with your skill set in-house and moving up because we are proponents of safeguarding your team and culture to enable scale.
How do you see fulfilment occurring?
If not in a shipping platform or ERP, do you require control over fields, statuses, and workflow in your e-commerce platform? In this case, a SaaS platform won’t go you very far. Open-source technology with complete customizability is available with Magento.
What is your budgeting situation?
The cost of the building, maintenance, and continuous operations are significantly influenced by the budget. It could take some getting used to Magento if you’re not used to spending money on the continuous support and feature development for an e-commerce platform. Nevertheless, Magento is an excellent fit if you view technology as a vital road to business growth.
What is your selling strategy?
Do you have a straightforward sales approach with a fundamental e-commerce funnel? Given that developing your brand and engaging in marketing activities to increase sales will likely be your main priorities, you should probably look into Shopify or BigCommerce. However, you might also have a complicated sales funnel, subscriptions, possible direct-to-consumer and wholesale sales, and so on. This is where Magento shines right now. A SaaS platform will not support sophisticated sales funnels or sales processes well.
How Is A Coding Language Used?
These days, a person’s choice of coding language might reveal a lot about them. Despite the benefits of PHP, Linux,.NET, Ruby, and other development languages, execution can outperform any technology stack. There are undoubtedly examples of sizable e-commerce sites with a sizable volume in every language and platform. The coding language discussion is relevant if you want to develop something with worldwide scope and 100M or more in annual income.
The Edges Magento 2 Platform Offers To Your Business
An Open-Source Platform
You must always develop and improve your store if you want to stand out and meet the demands of the expanding market. The open-source technology Magento best satisfies that criterion for a number of reasons.
It implies that you can personalize your store and use Magento 2 extensions to go beyond the basic functionality. You may build a solid framework with Magento to achieve your company’s goals and boost sales.
As a result, there are fewer restrictions and Magento 2 platform is the most flexible platform for eCommerce.
Multiple Website & Multistore Setup
The best feature that distinguishes Magento from other eCommerce platforms is undoubtedly this one. You can control numerous websites, stores, and store views from a single dashboard.
The multi-website strategy can be enabled, and each shop’s inventory, sales, and orders can be managed independently. Therefore, we are compelled to draw attention to the platform’s usability for admin users as well.
As previously indicated, Magento offers a free open-source edition for small enterprises that are just getting started with eCommerce. They have the ideal system in place to manage a manageable volume of orders and clients.
However, if your company expands, you can upgrade to more advanced Magento Commerce editions to manage large-scale, complex business operations involving hundreds of orders and goods.
The essentials of each level are covered as Magento guides you through the various stages of the growth of your company.
Unlike other prominent rivals, Magento is reasonably priced. With the free open-source option readily available, it is one of the most economical eCommerce platforms out there. Early on in the construction of an eCommerce website, this is very crucial. Magento is the ideal choice if you’re just starting off.
Due to the fact that website speed is one of the factors that determines how user-friendly your store is, Magento, which is an incredibly user-friendly platform, offers a number of features that help with that.
To speed up Magento 2 and ensure quick website loading, you can adjust a number of built-in and third-party features. New picture formats, crucial CSS, advanced JS bundling, and caching all work together to provide a better shopping experience for users.
Better & Saver Environment For eCommerce
Security is the most crucial factor in choosing Magento as the finest platform for online stores. When placing orders at your store, many customers are quite careful with the information they disclose.
No wonder, either. You cannot adequately protect yourself from technical errors, data loss, or malevolent behavior.
A broad range of security controls is offered by Magento, including two-factor authentication, file system permissions, customizable admin panel URLs, etc. The platform creators are constantly working to make Magento a better and safer environment for the creation of eCommerce stores.
Integration of Third-Party Apps/Extensions
The platform’s flexibility and open-source nature enable Magento to seamlessly interact with any third-party solutions. The platform is designed so that it may work with any add-on to enhance store administration.
It can include Google Analytics, payment gateways, order tracking, or delivery services. anything that improves your website and serves the needs of your store.
One of the potential causes of incomplete orders and abandoned carts is problematic payment. Not so, though, with Magento. The reason why Magento is the ideal platform for creating eCommerce websites can be attributed to the diversity of payment alternatives it offers.
It accepts a variety of payment options, including credit card, Google Checkout, Braintree, PayPal, and bank transfers, among others.
The likelihood that clients will complete the order increases with the number of payment choices you can offer. It’s covered by Magento.
It is acceptable to delay and analyze the edges and the benefits your business can reap from Magento 2 platform before deciding on the platform for your eCommerce website. Your choice should be based on a number of factors, including your business goals, market demands, your financial situation, etc.
However, the primary requirements—user friendliness and enterprise scalability—remain. Here, Magento unquestionably commands attention. If you want a powerful, all-in-one solution that is extremely adaptable and has more built-in features than you could possibly need, you should think about Magento.
How to optimize Magento’s performance?
To reduce database requests and speed up database response, enable flat tables. It is the easiest way for Magento 2 optimization. Use a CDN if you can, and optimize your picture files. Schedule indexer updates and turn on the Magento cron. The size of the files to be downloaded will also be smaller if gzip compression is enabled.
Why Choose Folio3 as your Magento 2 development service?
Folio3, a Digital Transformation Powerhouse, started its operations back in 2005 and since then provided a full range of all the different services related to Magento and other eCommerce Platforms. We have made our presence in eight different countries including; the US, UK, Canada, Australia, UAE, Mexico, Pakistan and Bulgaria, and striving for more.
The Folio3 experts provide a full spectrum of multiple services, from ideation and prototyping to full-scale ERP implementation and AI-based solutions for your business. Since our teams are Magento-certified experts, we take pride in our developers, who have been helping organizations from SMBs to Fortune 500 to achieve their goals and make their online presence roar.
Who can help me with Magento migration Services?
Folio3 is among the best Magento Partner Agencies offering the best Magento 2 development services to their clients. Our experts thoroughly analyze your and your business’s requirements and then strategize a plan specific to your needs and uniqueness for building a strong identity; while keeping everything in the migration processes from the XYZ platform to Magento 2.
Where can I look for good Magento 2 developers?
To hire the best Magento developers you need to follow the simple process listed below;
- Look for reviews and ratings
- Ask previous clients for references
- Check Magento work portfolio and credentials
- Explain the project’s specific requirements
- Allocate a sample test project
- Communication skills must be good
Or you can simply reach out to a Magento partner agency for Magento 2 solutions like Folio3 which offers the best of the breed developers so you can hire Magento developers to cater to all your Magento 2 store’s needs.
What is Magento Headless Commerce?
As a frontend and backend solution bound together, Magento initially came as a monolithic commerce solution. This means that it had a common framework for building and maintaining both the topmost layer of site delivery that customers see and the bottom layer or the underlying eCommerce functionality, that powers your online store.
However, Magento has grown to accommodate the more sophisticated requirements of online merchants competing in multichannel and omnichannel environments as eCommerce has progressed.
For this reason, they have made it possible for retailers to use Magento headless by separating the head from their backend functions.
What does customization in Magento mean?
To achieve the best results, Magento 2 customization is a highly specialized sector that calls for a strong background in Magento programming. It consists of numerous development areas, each of which typically needs a different number of resources and experience for website creation.
What is Magento 2 integration?
When an application needs to interface with other apps to transmit data or start an action, the term “integration” is frequently used in computer science.
Integration, on the other hand, in Magento 2 refers to a third-party application that employs OAuth for authentication. It enables programmers or system administrators to specify which assets—like customers, orders, or catalogs—the application is allowed to access.
As a Magento merchant, you have the option of manually creating the integration using the Magento back-end or automatically creating it using a custom Magento extension.