Magento has always been one of the biggest players in the field of eCommerce. Its popularity is evident from the fact that countless businesses still work on Magento. However, technology does not remain stagnant and is continuously going through upgrades. At the end of 2015, Magento released Magento 2 as the latest version of the Magento eCommerce platform. Many decision-makers back then felt that the migration will not yield any significant results but are now left in a quandary because Magento will be withdrawing all support services of Magento 1 from June 2020.
Magento 2 was launched with the objective of controlling the looks, functionality, and content of your online store in a more efficient manner.
The reformed eCommerce platform, Magento 2 is a game-changer in the eCommerce trade. Even though support has not ended yet, it is clear that the days of Magento 1 are numbered. While merchants maybe consciously delaying migration to Magento 2, it is important to understand that doing so will bring more harm than good.
What are the primary problems your eCommerce site will face if you continue to stay on Magento 1?
1. Security Breaches
Come June 2020, Magento will stop releasing security patches for Enterprise and Community 1.x, leaving your site vulnerable to cyber threats and attacks. This will jeopardize customer data resulting in huge losses.
2. Module Updates
With the end of support of the Magento 1.x version, few of its modules are also set to go obsolete with limited support. As developers start focusing on Magento 2 more and more, it could land your site in a fix. If a critical module starts developing a problem, then it could affect your site’s functionality and also lead to unnecessary headaches.
A typical migration can need anywhere between 15 days – 6 months of time. Considering the complexity of the website and the required assistance, the timeline might increase considerably. With the end of support date approaching, it is wise to consider the migration to Magento 2 now rather than later.
While the size of your business and budget might be two factors holding you back from migration to Magento 2, it is imperative to understand that the risks of continuing to stay on Magento 1 are far higher. If retailers believe that migrating to Magento 2 will not bring any difference, then that’s NOT TRUE! The new version offers a host of benefits that would make a difference in the long run. When the site performs better, the customers will be happier with the experience resulting in increased conversion rates and sales.
More than 250,000 merchants worldwide use Magento as their eCommerce platform.
(Source: Magento IT Solutions, Magento.com)
Read to know some of the advantages of Magento 2 to consider for your eCommerce business success:
1. Improved Performance
Magento 2 sites will run on average 20% or faster than Magento 1 sites. High-performance speed sites are known to have better conversions, better engagement rates with the audience, improved customer experience resulting in Sales and good search engine rankings.
Additionally, Magento 2 uses Varnish cache, which makes it simpler to cache requests. Magento 2 offers improved performance because:
- Boost server response time
- Enhance database flexibility to deal with page loads
- Increased proficiency in backend operations
2. Streamlined Checkout Process
With decreasing attention-spans, customers really appreciate a shorter and hassle-free checkout process. While Magento 1 had a hefty 6-step checkout process, Magento 2 version offers a simple 2 step checkout process and Instant Purchase feature. Moreover, integrated payment gateways such as PayPal save the previous card information thereby cutting the checkout time even further.
3. Mobile Friendly
With a majority of eCommerce sites going app-only, it’s a testimony of the fact that shoppers are preferring smartphones over desktops to complete purchases. This demands for a mobile responsive site that accentuates the customer buying experience. While Magento 1 sites did not deliver expected results on mobiles, Magento 2 has made mobile shopping experience a priority. In addition to increased loading speed, Magento 2 has improved its onsite search, and mobile-friendly checkout, making the process hassle-free and streamlined.
4. Better Admin Interface
A good User Interface is important as it influences buying decisions. The absence of a responsive mobile site and a long checkout process made Magento 1 a difficult platform for eCommerce vendors in the present time. It doesn’t satisfy modern shopper demands, resulting in loss of clients. Magento 2 comes with a clean, user-friendly experience and has tons of attractive templates to choose from.
While it might look challenging migrating from Magento 1 to Magento 2, but it is prerogative to meet the demands of the present audience. With the non-release of further security patches and withdrawal of support, the final bell has already tolled for Magento 1. Therefore, it makes sense for vendors to complete the migration soon so as not to put their entire business in jeopardy.
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