What is the Cost of Custom Magento 2 Extension Development?

What is the Cost of Custom Magento 2 Extension Development

Magento is known for its out-of-the-box functionality and that’s the reason why 250,000 eCommerce store owners have chosen this platform to build their online stores. However, sometimes the default functionalities are not adequate and businesses turn to custom Magento extension development services. Being a reputed Magento 2 extension development company, we are often asked about the cost of custom Magento extension development by our clients. So, we have decided to answer this question through this blog post. So, keep reading on if you want to know – What is the cost of custom Magento extension development?

Factors that Influence the Cost of Magento Extension Development

Before you hire Magento 2 developers for developing custom Magento extensions, it is wise to consider the factors that determine the cost of custom Magento extension development. Below are some of the factors that impact the cost estimation:

Do You Want to Develop an Extension for Magento 1 or Magento 2?

If you want to build a Magento extension from scratch, then the cost of both Magento 1 and Magento 2 extensions will be more or less the same. However, several variables can hugely affect the estimation. For example, in the case of Magento payment gateway extension development, the development cost of both Magento 2 and Magento 2 extensions based on the payment gateway provider’s API will be cheaper. It’s because most payment processing operations will be executed on the side of the service provider and not on the platform’s backend.

Thus, rewriting the Magento 1 extension to comply with Magento 2 will consume less time and effort as compared to the development of a module from scratch. The cost of two custom fields for checkout or custom contact form development will be the same for both Magento 1 and Magento 2.

Do You Want to Hire a Magento 2 Extension Development Company?

Whether you want to hire a Magento 2 extension development company or a freelancer developer, your decision is based on your requirements and budget.

However, the fact is that whatever your budget may be, you will always come across developers who are eager to undertake your task. So, you also need to consider the quality of the work. Always remember, you will always get what you pay for.

Team of Professionals You Will Need for Magento Extension Development

Here are a few important points that you need to consider before you hire Magento 2 developers for your custom Magento extension development. Based on the requirements, you may need the help of experts in various fields. For example,

  1. You may require a back-end developer with good experience to develop a Magento analytics extension.

  2. If you want to build a Magento marketing extension or any other extension that must cover the customer user interface and the admin, the team of Magento developers should consist of front-end and back-end specialists.

  3. To build a quality-rich Magento 2 payment extension, you will need to hire a team that includes front-end and back-end developers, a web designer, and a QA and test engineer.

  4. Also, when different developers are involved in Magento 2 extension development, you will meet another team member – your project manager. A project manager is the person who will manage the whole development process and keep you updated about the progress of your project.

If you want to develop an extension with complex functionality from the ground up and expect the product to meet your requirements, then you should pay more attention to the quality of work than pricing. So, whether you hire a freelancer or a Magento 2 extension development company, you must ensure that your developer has vast experience in Magento extension development.

How to Calculate the Cost of Magento Extension Development?

The cost estimation of Magento extension development depends on the specified requirements and functionality. It also depends on the time consumed in the development process. Therefore, the more functionality your extension has, the longer time it will take to develop, which will ultimately increase the development cost.

As a reliable Magento 2 extension development company, we make the process very transparent by offering our clients a certain workflow. This workflow helps our clients get a cost estimate for the future extension with a few possible deviations at the initial stage of our meeting. We also inform them of any possible deviation from the development plan or original estimate.

Have a look at our workflow:

  1. Specification and analysis of business requirements and the functionality of future extensions

  2. Wireframing and algorithm description

  3. Development of extensions

  4. Product testing

  5. Submission of Magento extension in the Magento Marketplace/ Implementation of Magento extension

Most Magento development companies and even freelancers adhere to approximately the same workflow. While the initial analysis of requirements for custom Magento extension development is often free, further business requirements analysis and wireframing steps are paid. So, if your Magento 2 extension development company has not informed you about this in advance, you can expect additional hours included in the check.

Total Time Required for Magento 2 Extension Development

The total time required for developing a Magento extension depends on the below-mentioned workflow. In the table below, the first column shows an estimate for the development of a small eCommerce store customization and the second column shows the average hours required for the development of a complicated Magento extension.

Development Stages

Minimum Hours Required

Average Hours Required

Project requirement and functionality analysis of the future extension

1

                        3

Wireframing and defining algorithms

                     2

                       5

Extension Development

                    13

                     68

Extension testing

                     2

8

Extension submission in the Magento Marketplace/ Extension implementation

                    1

                      2

Total Working Hours

                   19

86

The Cost of Magento Extension Development in Different Regions

Both a Magento extension development company and a freelance developer charge hourly fees for their services. The development cost may vary when you hire Magento 2 developer from different countries or continents. Here’s how the cost of Magento development varies based on the location of the developer.

  • USA – $150-$200/hr

  • Latin America – $0-$150/hr

  • Western Europe – $80-$120/hr

  • Easter Europe – $50-$80/hr

  • Asia – $15-$50/hr

Now, when you know the average time estimates for Magento extension development and hourly rates, you can easily calculate the approximate cost of custom Magento extension development.

For example, if you want to build a simple extension, which requires at least 22 hours to develop from scratch, and hire a Magento 2 extension development company from Eastern Europe for your project, you will have to pay the following amount:

22hrs x $50 = $1.100

Whereas the development services offered by an agency from the USA will cost you about:

22hrs x $150 = $3.300

So, you see it’s not that difficult to calculate the cost of custom Magento extension development.

Final Note

We hope that this article has helped you understand how to calculate the cost of developing a custom Magento extension. Magento extensions are useful additions that enhance the capabilities of your Magento store. No matter what purpose you want to fulfill with the custom extension, you must hire an experienced Magento developer to work on your project.

As a leading Magento 2 development company, we can help you build high-quality Magento extensions for your online store at affordable rates. Whether it is your Magento website or Magento store or Magento B2B marketplace, we are competent enough to build extensions for any type of requirement. You may contact us for your Magento extension development, and we will offer you a free quote and answer queries and concerns you may have.

FAQs

Q.1. Can you help me install Magento marketplace extensions on my store?

Ans. Yes, of course. You may hire Magento 2 developers right away and they will help you get the job done instantly.

Q.2. I want to migrate my store to Magento. Can you help?
Ans. Yes, why not. Our Magento migration experts are experienced in migrating an eCommerce store on any platform to Magento without losing any data or causing any disruption.

Q.3. Can you develop a custom Magento extension for my store?Ans. Yes, we can. Just tell us your unique requirements and we will deliver exactly what you’re looking for.

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