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Magento 1 to 2
Upgrade 5 Reasons for a Timely Magento 2 Upgrade
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eCommerce Alert:
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MAGENTO 1 TO 2 UPGRADE
Foreword Since the birth of online retail and eCommerce business, eCommerce players have had just one thing on their minds – Higher Conversions! eCommerce Conversions simply mean, more purchases on your store which brings more revenue, and thereby (hopefully) more profits. And who doesn’t want to earn more profits? But can an age-old platform produce higher conversions in today’s dynamic market? Magento 1, is one such eCommerce platform that has been in the market for over 11 years now and is soon going to meet an end of support by the company, as early as June 2020!
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The reason? Magento 2 platform is an advanced platform that brings in additional capabilities and an efficient system to support an eCommerce store, across multiple channels in the current dynamic world. Adobe (Magento’s parent company), recommends Magento 2 and is on a run to phase out Magento 1 by the end of June 2020. 03
MAGENTO 1 TO 2 UPGRADE
MAGENTO 1 END OF LIFE
BY JUNE 2020
We went through innumerable discussions on various online forums to figure out how Magento 1 site owners are concerned about the ending support. We also went through hundreds of Magento documents and other research publications to figure out how an unsupported platform can lead to decreased site performance and lower conversions. We are bringing all of our findings to you in this document. Is it viable to continue a store on an unsupported platform? Isn’t it rather advisable to move on to a better version? This document addresses these concerns of eCommerce players by analyzing the risks of not upgrading to Magento 2 and understanding how Magento 1 to 2 Upgrade is a Do-or-Die situation!
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MAGENTO 1 TO 2 UPGRADE
Magento 1 to 2 - Quantifying the Upgrades
Currently, there are as many as 209k+ live Magento websites in 2019 *
Magento1
The clock is ticking for 153k+ websites still operating on a soon-to-be unsupported Magento 1 (2019) *
Magento
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56k+ Magento Stores have already upgraded to Magento 2 (2019) *
Stats Source: Magento Usage Statistics by Magento https://trends.builtwith.com/shop/Magento
Magento 1 live websites = Total Magento Live Websites - Magento 2 Websites. Thus, Magento 1 live websites = 209k-56k = 153k Magento 1 websites
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MAGENTO 1 TO 2 UPGRADE
Clinging on to Magento 1 Most eCommerce players, using a Magento 1 platform are still unaware of the fact that Magento 1 end of support date is as near as June 2020! Many fear it to be hard, challenging, and insignificant to upgrade to version 2. While many others have been pondering for long, whether it’s profitable and viable to invest their money, time and energy in upgrading to the new Magento 2 platform.
Comprehend this: By not upgrading an obsolete system you are exposing your business to serious risks.
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MAGENTO 1 TO 2 UPGRADE
Advanced Coding Structure In-built SEO Features
Improved Performance
Manage Your Products Easily
Benefits of Magento 2
Scalability
Improved & Easy Backend Interface
Full Page Cache Easy Checkout Process
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MAGENTO 1 TO 2 UPGRADE
Risks of not Upgrading to Magento 2 The hourglass is draining fast with no further innovation, and minimal-to-zero running support for Magento 1 platform. Sticking to Magento 1 platform exposes your digital business to some of the most potentially crippling risks of this era.
Top Reasons to Upgrade to Magento 2
Deprived Scalability PCI Compliance Burden
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Crippled Conversions Lack of Speed & Performance
Failing Integrations & High Cost of Maintenance MAGENTO 1 TO 2 UPGRADE
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The PCI Compliance Burden The https://www.pcisecuritystandards.org/document_library?category=pcidss&document=pci_dss PCI DSS (Payment Card Industry Data Security Standard) Requirement A3.3.2 summarizes a merchant’s key responsibility to “review hardware and software technologies at least annually to confirm whether they continue to meet the organization’s PCI DSS requirements.”
Review and upgradation of technologies that are no longer supported by a vendor and that do not meet the security standards - is mandated by PCI, non-compliance of which can bring in heavy penalties.
In 2018, at least 1000 Magento websites were hacked to steal credit card data. This is indeed a huge security threat!
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MAGENTO 1 TO 2 UPGRADE
Non-Compliance penalties for Magento 1 store owners: 1 to 3 Months in Non-compliance
4 to 6 Months in Non-compliance
7 Months & Upward in Non-compliance
$10,000 a month for highvolume clients/$5,000 a month for low-volume clients
$50,000 a month for highvolume clients/$25,000 a month for low-volume clients
$100,000 a month for highvolume clients/$50,000 a month for low-volume clients
PCI Non- Compliance fines can range from $5,000 to $100,000 per month
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MAGENTO 1 TO 2 UPGRADE
On the contrary, Magento 2 platform encapsulates a number of advanced features to help achieve PCI Compliance easily and saves you hundreds of dollars ($) in potential penalties and other costs.
Key Magento 2 Features for easy PCI Compliance Direct Post Method
The Direct Post Method allows for information to be transmitted directly to the payment bridge, ensuring that no sensitive customer data is stored in the Magento application – Making the Merchant PCI Compliant
The Hosted
The Hosted Payment method allows merchants to offer a seamless checkout and integrated payment, keeping sensitive data outside of the Magento Application server, easily making Magento 2 merchants PCI compliant
Payment Method
Use of SaaS PCI Compliant Applications Like CRE Secure
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Magento 2 automatically uses SaaS PCI Compliant Applications Like CRE Secure for card processing – hence making the merchant PCI compliant by default
MAGENTO 1 TO 2 UPGRADE
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Deprived Scalability While running an eCommerce store in a dynamic world like today's, you just can’t afford to bypass the need for scalability in your platform in order to incorporate growing types and number of users, across geographies, languages, cultures, etc.
Layered Architecture
Staying on the Magento 1 platform means relying on a system which is deprived of the key capabilities to scale up and grow. Magento 2 on the contrary, is easy to upgrade and is specifically optimized for scalability. Advanced scalability features included in Magento 2.0 include : Layered Architecture, Multiple Database Masters, MySQL Cluster Support, etc.
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Multiple Database Masters
MySQL Cluster Support
Magento 2 lets you upscale
MAGENTO 1 TO 2 UPGRADE
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Multiple Database Masters
MySQL Cluster Support
Layered Architecture
Magento 2.0 has Multiple Database masters. Each master database can have multiple slave databases to further scale database read operations.
For situations where additional database scalability is needed, Magento Enterprise Edition 2.0 also supports MySQL Cluster for checkout and order management databases-exponentially increasing scalability.
The Magento 2.0 platform is a layered architecture with four tiers - the client, the page cache, the application, and the database. This allows for different components of the architecture to be scaled independently in order to meet the requirements of different business use cases.
Magneto 2 platform is designed to
Magneto 2 platform’s scalability is already
handle over 10 Mn+ views per hour
50 times more than Magento 1
MAGENTO 1 TO 2 UPGRADE
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Lack of Speed & Performance Magento 1 has been in the market for long, but staggers with extremely slow speed and page load time when compared to the advanced version 2 of the platform. According to Benchmark Testing, Magento 2.0 beats Magento 1.x through all metrics and use cases in terms of its speed and performance. We have talked about these metrics in the upcoming sections of this document. Magento 2 promises high-end performance for your eCommerce store by using key technologies like PHP 7, Varnish cache, the popular HTTP accelerator technology, and enhanced indexer technology to – speed up loading time, increase server response and improve efficiency of backend operations. Running your old Magento 1 store will eventually cost you more than an upgrade to Magento 2 - making the upgrade a good business decision.
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Magento 2 platform, already processes
Magento 2 platform, delivers nearly
135k more orders per hour than the
instant server response times for catalog
Magento 1 platform
browsing
MAGENTO 1 TO 2 UPGRADE
Heightened Store Performance with Magento 2 https://www.netsolutions.com/ Take for example, Legend Footwear which is a London casestudy-legend-footwear based store presence, offering high quality branded footwear for 25 years now. They have been trading online for over 10 years with millions of customers across the globe.
Their online store was facing myriad issues like broken functionalities, poor speed & performance. The loading speed of the website was very slow and failed to rank on Google, on both desktop & mobile sites. This also resulted in low-performance scores in GTMetrix. The existing Magento setup also had code bugs, causing the homepage to face the White Screen of Death (WSOD). 15
https://www.netsolutions.com/casestudy-legend-footwear https://www.netsolutions.com/casestudy-legend-footwear View Legend Footwear Case Study https://www.netsolutions.com/casestudy-legend-footwear MAGENTO 1 TO 2 UPGRADE
Due to the loading speed issue, even the product image and catalogs along with the checkout pages didn’t load in time, resulting in extremely poor store performance. Net Solutions’ Magento experts helped Legend Footwear in upgrading the Magento platform to version 2.1.8 by customizing themes, plugins, and resolving the existing issues, optimizing and enhancing the platform performance.
Reduced Page Load Time & Enhanced Site Speed and Performance
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Faster Checkouts & Increased Number of Orders Processed
Better Engagement Through Other Digital Channels too Like Mobile, iPad etc.
MAGENTO 1 TO 2 UPGRADE
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Crippled Conversions How many conversions do you think your Magento 1 store can bring? Do you think it’s better than the industry average eCommerce conversion rates? why even continute using it? According to a recent research, the average conversion rate for Magento stores (for a sample of stores surveyed) was barely 1.3%, with the maximum number of stores surveyed still running on Magento 1. Another research shows, that the average eCommerce conversion rate in the US alone is at 2.63%, with the global average being as high as 4.31%! Further, anything more than 3.5% would put you among the best of the eCommerce stores. But how do you reach such a benchmark?
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The answer essentially lies in upgrading your
MAGENTO 1 TO 2 UPGRADE
According to Benchmark Testing, Magento 2 processes 39% more orders per hour, and lowers server response times ensuring 35 % higher conversions – easily leapfrogging your business into the best of the eCommerce stores in terms of conversions.
Magento 1 Average Conversion Rate 1.3% Industry Average eCommerce Conversion Rate (US) 1.63%** Magento 2 Upgrade Average Conversion Rate 1.76%*
*Magento 2 Upgrade Conversion rate (approximation) = 1.3% * 135% = 1.76% Sources : Little data, Monetate ** Q2 2018 data
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MAGENTO 1 TO 2 UPGRADE
Higher Conversions with Magento 2 One of our enterprise clients (name hidden due to NDA norms), which is a US based luxury personal care service with stores in London, New York, Milan, etc. and selling across the globe. Their store was built on Magento 1 and hence was facing innumerable issues like depleted system support, poor functionalities, slower checkouts, and poor conversions. Net Solutions’ Magento experts helped the client with a seamless upgrade to Magento 2 with add-on customizations and key enhancements. The results are just amazing! The Magento 2 upgrade has driven up the client’s site speed ensuring faster checkouts, enhanced user experience and higher conversions.
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High-End Performance & Scalability Features Added Improved Check Out process ensuring Increased Sales & Conversions Easy Integration with Popular Payment Gateways ensuring Higher Conversions
MAGENTO 1 TO 2 UPGRADE
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Failing Integrations & High Cost of Maintenance Magento has a huge number of integrations available. What if one (or more) of your store's integrations stops supporting Magento 1?
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With Magento 1 officially no longer being supported, 3rd parties like payment gateways, sms gateways, shipping methods, APIs or CMS will be totally disinterested in maintaining integrations with the platform. Even if they continue support for the dwindling number of sites running on Magento 1 will cause this work to be deprioritized. New services, integrations & features will only launch for Magento 2 – making your age-old Magento 1 platform obsolete.
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Further, certain things like Mobile compatibility are far more difficult to do on Magento 1 than
MAGENTO 1 TO 2 UPGRADE
Further, certain things like mobile responsive design is far more difficult to implement on Magento 1 than on Magento 2. With everything combined, your costs of continuing to maintain a site on Magento 1 platform will increase with time along with the compliance risk exposure – leaving it to be an overall highly costly platform to maintain!
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Average Cost of Magento 1 to Magento 2 Upgrade with basic integrations = Much Cheaper
Maintenance cost of Magento 1 Platform = Maintenance Cost per Hr + Compliance Penalties + Expensive Third Party Integrations + Lost Revenues
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MAGENTO 1 TO 2 UPGRADE
The ROI is Hard to Ignore For those, who are still wondering whether to make the big move or not, here are some key quantitative benefits - the ROI from this is hard to ignore:
Key Return on Investment Of the Magento 2 Upgrade
39% Or more orders processed per hour
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Checkout Times made faster by
51%
Pages load at a
50%
faster speed
Add to Cart server response time are up by
66%
66% high conversion rates
MAGENTO 1 TO 2 UPGRADE
Dilemmas Suck eCommerce players, running their stores on Magento 1, have for long been hampering their businesses with slow load time, poor checkouts, lack of scalability, and lack of additional capabilities, resulting in poor conversions and a sluggish growth. This is where the entire money spent in the platform goes in vain and rather brings in a very heavy maintenance costs of maintaining an aged platform. Staying in the dilemma to upgrade or not is a waste of time, energy, and money.
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Magento 2 upgrade is worth all your time and attention, bringing in enhanced capabilities, speed, performance, scalability, conversions and growth like never before!
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MAGENTO 1 TO 2 UPGRADE
How can Net Solutions help? We’ll take away all your development worries. We deliver the best of all worlds with our agile, end-to-end process. We get rid of your digital development headaches by maximizing efficiencies to deliver transformative solutions that delight users and drive revenue. Net Solutions provides the perfect expertise to upgrade your eCommerce stores with a fully supported Magento 2 platform.
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3,000+
10,000+
275+
Years in business
Customers served
Projects delivered
Employees
MAGENTO 1 TO 2 UPGRADE
Our Magento Upgrade Services Overview
Comprehensive Design & FED Upgrade Complete UX, UI, Design Upgrade & FED Development for delivering perfect user experience on Magento 2 platform Use of top-notch tools like stakeholder interviews and customer journey maps for design upgrade
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Detailed Database Migration
Paid Theme Upgrade
End-to end complete migration of database from Magento 1 to Magento 2 Platform
Hassle-free Installation Services of a ready-made Magento 2 paid theme bought from Magento
Seamless and hassle – free migration of data, themes, extensions and customizations to Magento 2 platform
Complete migration support of data, extensions etc. and end-to-end customization services of the upgraded platform
MAGENTO 1 TO 2 UPGRADE
Net Solutions is an award-winning eCommerce Design & Magento Development & Migration Service Provider, for brands and online retailers, with top Magento Certified Developers. www.netsolutions.com https://www.netsolutions.com/ Bookcontact-us a Free Consult
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MAGENTO 1 TO 2 UPGRADE
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