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10 Pros And Cons Of Choosing Magento For Your Ecommerce Store

10 Pros And Cons Of Choosing Magento For Your Ecommerce Store

E-commerce has greatly altered the face of the business world. Nowadays, with a few clicks of a mouse or few touches in your mobile set, you could do most of your business.

While there are many big players in e-commerce or e-business, Magento has been the front runner in online business world – all due to the number of good things it offers. However, it is not devoid of disadvantages. Here below, we have compiled a list of pros and cons of choosing Magento for an e-commerce store for you to weigh them and decide whether you’d want Magneto for your e-commerce or not.

Pros

 1. It is flexible

Magento is an open source platform. In other words, we could modify the source code as per our requirements and desire, which allows us to customize templates and achieve desired functionality.

Furthermore, Magento also allows third party integration for various purposes like importing products and much more. This flexibility is the biggest plus point of Magento as it makes easier to look and analyze performance of websites and also to get a real-time information.

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2. It has many features that other platforms lack

Magento has a wide range of features which allows us to manage multiple stores, and support multiple locations, multiple language, multiple pricing and multiple currencies. Compare Magento vs Shopify, vs Woocommerce, vs Volusion or any other e-commerce platform and it stands out with its abundance of features.

For instance, with the help of Magento, you can vary your price of the specific product depending upon the group of customers. You can have a different price for your staff as well as a different price for VIPs. Moreover, the community version of Magento allows you to enjoy many features, which other e-commerce platforms lack. Therefore, it is one of the biggest pros of choosing Magento over other e-commerce platforms.

3. It has a large community of users

There is a large community of Magento users because it is one of the most used e-commerce platforms in the world. This has helped to ensure quick support. In addition, the large community has inspired to develop many extensions and plugins. As a result, if you have any problems, you are likely to get more support because there are countless resources to solve problems.

4. It is mobile friendly

A mobile friendly configuration is a must to ensure the success of e-commerce. According to one of the surveys, nearly one-fourth of online shoppers felt the need of the mobile friendly e-commerce platform. Online retailers cannot overlook the fact that internet browsing trend has shifted to mobile devices.

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Magento is mobile friendly as it allows to create a mobile site without any difficulty and give best mobile viewing experience to the customer as far as possible. This has helped in the increase of sales and a lower bounce rate.

5. It’s scalable

When we start a small business, we do so, with a view to expand later in the future. As the business grows, our e-commerce platform must be able to handle the increased amount of products and sales. Some of the e-commerce platforms might not be able to handle this growth and may hinder the progress of company but Magento can handle with ease, from a handful of products to thousands of them.

In fact, Magento can approximately support up to five hundred thousands of products and thousands of transactions in an hour. It is a notable advantage because you can customize Magento without any constraints.

Cons

6. It’s expensive

Magento is available in many versions. The community version of Magento is free, while the enterprise version of Magento costs you more than fifteen thousand dollars approximately. Furthermore, Premium Enterprise version of Magento, targeted for large businesses costs you more than fifty thousand dollars approximately for a year.

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Add a third party fee, if you can’t install the extension yourself. This would be an exorbitant venture. Hence, the cost it commands is the biggest drawback of otherwise one of the most popular e-commerce platforms.

7. It has few developers

Magento has a large community of users as well as developers. As a result, it is difficult to find authentic Magento developers. The main reason for this is the complex understanding that one needs to have in object oriented development and vast experience one should possess with core software.

Furthermore, Magento has a large system which possesses over twenty thousand files and two hundred data base tables. One needs a lot of time to master it. As a result, even if you are successful in finding a genuine developer, his prices are surely going to be sky high.

8. It is time consuming

Magento has a slow loading time. Therefore, customizations are pretty difficult to make, in comparison to other e-commerce platforms.  It is also not easy to switch from another e-commerce platform to Magento because it imports the data at a very slow rate.

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One reason behind this slow loading is due to its flexible architecture, which makes it complex and time-consuming to set it up. However, this is highly debated because only community version of Magento is slow at loading. In contrast, the enterprise and premium enterprise versions are quite fast.

9. Hosting

You should use a dedicated server to host Magento. Other normal hosting platforms should not be used to host it. Moreover, it should be configured in a server that you or your developer have proficiency in. Hence, there is a limit to hosting Magento.

Bulkiness is a prime reason behind this. Furthermore, optimization requires a lot of high-level skills and thinking. Hence, it is one of the biggest cons of Magento because it can lead to the crashing of your websites.

10. Bad product support

The product support for Magento is quite expensive because developers and consultant charge handsomely for Magento in comparison to WordPress. In addition, Magento forum support is not what you’d expect it to be. Official support forum of Magento is overrun with spam because of the lack of organized monitoring. This is one of the downsides of choosing Magento.

Imagine having a problem of your own regarding any issue about Magento and not finding any helpful solutions or worst falling prey to the scams. This could be really devastating.

Featured photo credit: Pexels via static.pexels.com

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Co-Founder, Siplikan Media Group

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Last Updated on November 5, 2020

Why You Have the Fear of Failure (And How to Overcome It)

Why You Have the Fear of Failure (And How to Overcome It)

Nobody enjoys failing. Fear of failure can be so strong that avoiding failure eclipses the motivation to succeed. Insecurity about doing things incorrectly causes many people to unconsciously sabotage their chances for success.

Fear is part of human nature. As an entrepreneur, I faced this same fear. My ego and identity became intertwined with my work, and when things didn’t go as planned, I completely shut down. I overcame this unhealthy relationship with fear, and I believe that you can, too.

Together we’ll examine how you can use failure to your advantage instead of letting it run your life. We’ll also look at how to overcome fear of failure so that you can enjoy success in your work and life.

What Is Fear of Failure?

If you are afraid of failure, it will cause you to avoid potentially harmful situations.

Fear of failure keeps you from trying, creates self-doubt, stalls progress, and may lead you to go against your morals.

What causes a fear of failure? Here are the main reasons why fear of failing exists:

Patterns From Childhood

Hyper-critical adults cause children to internalize damaging mindsets.[1] They establish ultimatums and fear-based rules. This causes children to feel the constant need to ask for permission and reassurance. They carry this need for validation into adulthood.

Perfectionism

Perfectionism is often at the root of a fear of failure.[2] For perfectionists, failure is so terrible and humiliating that they don’t try. Stepping outside your comfort zone becomes terrifying.

Over-Personalization

The ego may lead us to over-identify with failures. It’s hard to look beyond failure at things like the quality of the effort, extenuating circumstances, or growth opportunities.[3]

False Self-Confidence

People with true confidence know they won’t always succeed. A person with fragile self-confidence avoids risks. They’d rather play it safe than try something new.[4]

How the Fear of Failure Holds You Back

Unhealthy Organization Culture

Too many organizations today have cultures of perfection: a set of organizational beliefs that any failure is unacceptable. Only pure, untainted success will do.

Imagine the stress and terror in an organization like that. The constant covering up of the smallest blemishes. The wild finger-pointing as everyone tries to shift the blame for the inevitable messes onto someone else. The lying, cheating, falsification of data, and hiding of problems—until they become crises that defy being hidden any longer.

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Miss out on Valuable Opportunities

If some people fail to reach a complete answer because of the lure of some early success, many more fail because of their ego-driven commitment to what worked in the past. You often see this with senior people, especially those who made their names by introducing some critical change years ago.

They shy away from further innovation, afraid that this time they might fail, diminishing the luster they try to keep around their names from past triumph.

Besides, they reason, the success of something new might even prove that those achievements they made in the past weren’t so great after all. Why take the risk when you can hang on to your reputation by doing nothing?

Such people are so deeply invested in their egos and the glories of their past that they prefer to set aside opportunities for future glory rather than risk even the possibility of failure.

High Achievers Become Losers

Every talent contains an opposite that sometimes turns it into a problem. Successful people like to win and achieve high standards. This can make them so terrified of failure that it ruins their lives. When a positive trait, like achievement, becomes too strong in someone’s life, it’s on the way to becoming a major obstacle.

Achievement is a powerful value for many successful people. They’ve built their lives on it. They achieve at everything they do: school, college, sports, the arts, hobbies, work. Each fresh achievement adds to the power of the value in their lives.

Gradually, failure becomes unthinkable. Maybe they’ve never failed yet in anything that they’ve done, so they have no experience of rising above it. Failure becomes the supreme nightmare: a frightful horror they must avoid at any cost.

The simplest way to do this is never to take a risk, stick rigidly to what you know you can do, protect yourself, work the longest hours, double and triple check everything, and be the most conscientious and conservative person in the universe.

If constant hard work, diligence, brutal working schedules and harrying subordinates won’t ward off the possibility of failing, use every other possible means to to keep it away. Falsify numbers, hide anything negative, conceal errors, avoid customer feedback, constantly shift the blame for errors onto anyone too weak to fight back.

Loss of Creativity

Over-achievers destroy their own peace of mind and the lives of those who work for them. People too attached to “goodness” and morality become self-righteous bigots. Those whose values for building close relationships become unbalanced slide into smothering their friends and family with constant expressions of affection and demands for love in return.

Everyone likes to succeed. The problem comes when fear of failure is dominant, when you can no longer accept the inevitability of making mistakes, nor recognize the importance of trial and error in finding the most creative solution.

The more creative you are, the more errors you are going to make. Deciding to avoid the errors will destroy your creativity, too.

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Balance counts more than you think. Some tartness must season the sweetest dish. A little selfishness is valuable even in the most caring person. And a little failure is essential to preserve everyone’s perspective on success.

We hear a lot about being positive. Maybe we also need to recognize that the negative parts of our lives and experience have just as important a role to play in finding success, in work, and in life.

How to Overcome Fear of Failure (Step-by-Step)

1. Figure out Where the Fear Comes From

Ask yourself what the root cause of your negative belief could be.[5] When you look at the four main causes for a fear of failure, which ones resonate with you?

Write down where you think the fear comes from, and try to understand it as an outsider.

If it helps, imagine you’re trying to help one of your best friends. Perhaps your fear stems from something that happened in your childhood, or a deep-seated insecurity.

Naming the source of the fear takes away some of its power.

2. Reframe Beliefs About Your Goal

Having an all or nothing mentality leaves you with nothing sometimes. Have a clear vision for what you’d like to accomplish but include learning something new in your goal.

If you always aim for improvement and learning, you are much less likely to fail.[6]

At Pixar, people are actually encouraged to “fail early and fail fast.”[7] They encourage experimentation and innovation so that they can stay on the cutting edge. That mindset involves failure, but as long as they achieve their vision of telling great stories, all the stumbling blocks are just opportunities to grow.

3. Learn to Think Positive

In many cases, you believe what you tell yourself. Your internal dialogue affects how you react and behave.

Our society is obsessed with success, but it’s important to recognize that even the most successful people encounter failure.

Walt Disney was once fired from a newspaper because they thought he lacked creativity. He went on to found an animation studio that failed. He never gave up, and now Disney is a household name.

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Steve Jobs was also once fired from Apple before returning as the face of the company for many years. [8]

If Disney and Jobs had believed the negative feedback, they wouldn’t have made it.

It’s up to you to notice your negative self talk and identify triggers[9]. Replace negative thoughts with positive facts about yourself and the situation. You’ll be able to create a new mental scripts that you can reach for when you feel negativity creeping in. The voice inside your head has a great effect on what you do.

How To Be A Positive Thinker: Positivity Exercises, Affirmations, & Quotes

    4. Visualize all Potential Outcomes

    Uncertainty about what will happen next is terrifying. Take time to visualize the possible outcomes of your decision. Think about the best and worst-case scenarios. You’ll feel better if you’ve already had a chance to mentally prepare for what could happen.

    Fear of the unknown might keep you from taking a new job. Weigh the pros and cons, and imagine potential successes and failures in making such a life-altering decision. Knowing how things could turn out might help you get unstuck.

    5. Look at the Worst-Case Scenario

    There are times when the worst case could be absolutely devastating. In many cases, if something bad happens, it won’t be the end of the world.

    It’s important to define how bad the worst case scenario is in the grand scheme of your life. Sometimes, we give situations more power than they deserve. In most cases, a failure is not permanent.

    For example, when you start a new business, it’s bound to be a learning experience. You’ll make decisions that don’t pan out, but often that discomfort is temporary. You can change your strategy and rebound. Even in the worst case scenario, if the perceived failure led to the end of that business, it might be the launching point for something new.

    6. Have a Backup Plan

    It never hurts to have a backup plan. The last thing you want to do is scramble for a solution when the worst has happened. The old adage is solid wisdom:

    “Hope for the best, prepare for the worst.”

    Having a backup plan gives you more confidence to move forward and take calculated risks.

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    Perhaps you’ve applied for a grant to fund an initiative at work. In the worst-case scenario, if you don’t get the grant, are there other ways you could get the funds?

    There are usually multiple ways to tackle a problem, so having a backup is a great way to reduce anxiety about possible failure.

    7. Learn From Whatever Happens

    Things may not go the way you planned, but that doesn’t automatically mean you’ve failed. Learn from whatever arises.[10] Even a less than ideal situation can be a great opportunity to make changes and grow.

    “Sometimes you win, sometimes you learn.”

    Dig deep enough, and you’re bound to find the silver lining. When you’ve learned that “failure” is an opportunity for growth instead of a death sentence, you conquer the fear of failure.

    For more tips on how to overcome fear of failure, check out the video below:

    Final Thoughts

    To overcome fear of failure, we can start by figuring out where it comes from and reframing the way we feel about failure. When failure is a chance for growth, and you’ve looked at all possible outcomes, it’s easier to overcome fear.

    Stay positive, have a backup plan, and learn from whatever happens. Your failures will be sources of education and inspiration rather than humiliation.

    “I have not failed. I’ve just found 10,000 ways that won’t work.” -Thomas A. Edison

    Failures can be blessings in disguise. Go boldly in the direction of your dreams and long-term goals.

    More Tips for Conquering Fear

    Featured photo credit: Patrick Hendry via unsplash.com

    Reference

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