How to install Drupal Commerce on your local machine
Steps
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Download and Install Acquia Dev Desktop.. It's like MAMP/WAMP but for Drupal (DAMP).
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Unpack your commerce_kickstart-7.x-x.x.tar.gz (or .zip) file and place the folder in
~/Documents/name_of_website
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Open Acquia Dev Desktop and configure "Import Site"
Browse to: "Settings" => "Sites" => "Import" => ~/Documents/name_of_website
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Select Database
Select: "Create new database"
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Fill in the field "New DB name"
New DB name: name_of_website
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Update "Domain" => "Server"
Server: name_of_website
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Select "Import"
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Install!