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Magento is an open-source platform, which means the costs will completely hang on your demand or needs, whereas Shopify is having three fixed price plans which may look affordable on the surface, but you have to pay for apps and themes.
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Introduction • Magentois an ecommerce platform built on open source technology which provides online merchants with a flexible shopping cart system, as well as control over the look, content and functionality of their online store. • Shopify is a commerce platform that allows anyone to set up an online store and sell their products.
Shopify Pros • Tons of beautiful responsive store themes to choose. • Great app store for extending the functionality of your website. • Pretty good customer support • Easy to use • Lots of checkout and payment options • Large community of dedicated fans
Inventory Management • Shopify isn’t designed for big online stores as it lacks some advanced features. you can always integrate apps to add features like promotional sell-offs, discounts for registered customers, and more. • Magento offers basic out-of-the-box inventory management features, just like Shopify, but this ecommerce solution differs significantly when it comes to advanced features. For instance, there are many different variation options (product sizes, quantity, colors).
Customization Capabilities • Both platforms offer robust customization capabilities, via an advanced interface that allows you to edit the raw HTML/CSS code directly to give you total control over the design and the look-and-feel of your store. • Also, Shopify offers a theme editor that allows you to play around with the look and feel of your theme, and it has the ability to hide sections, so that you can work on future updates beforehand without having the duplicate the theme, or work on a staging server.
Performance Magento is a self-hosted platform, so you can choose your own server and make all the required changes to speed up the store performance. With the release of Magento 2, many new enhancements were added to the platform that allowed you to optimize pages for fast delivery, minimize the server response time for store activities, and make backend operations more efficient. Shopify performance is recalculated daily. Due to the way the score is calculated, your score might not change immediately after you make changes to your online store. Performance scores can vary slightly between tests, and an average over multiple days better represents your store's day-to-day performance.
Hosting • Shopifyis a cloud-based platform, meaning you won’t have to search for third-party hosting. The platform takes care of operating your servers, optimizing it for performance, and security patches. However, a significant downside of a cloud solution is that you have minimum control over it because it’s run, maintained, and monitored by Shopify. • Magento can be hosted on-site, in the cloud, or through a third-party. In cloud hosting, your ecommerce store is fully hosted and run by Magento, while in open source you need to purchase your domain and hosting. The benefit is that you get complete access to the server and home directory, thus you can do core programming to make a customized store.