Do you wish to develop a mobile application for your business? Be prepared because the costs might surprise you. There are different factors that determine the cost of app development and we will try to explain them to you to keep you informed about the formation of costs in the app design industry. There is no denying that mobile applications have become indispensable parts of our lives. Some twenty years ago we could not even imagine that the mobile market will be a billion dollar industry and billions of people from all places of the planet will always have smartphones within hand’s reach. But this is how the things are today.
Of course, you can. But keep in mind that it might turn out badly - developers call such situations “rescue operations”. In other words, these are projects that people have started either by themselves or with the help of some third-party developers who failed to deliver the expected results, and, as a result, they come to more experienced professionals to help them sort out the mess. They are looking for specialists that will be able to finish the development and launch the product. Another possibility is that they have already released an app but it just does not work, receives awful reviews and spoils the company’s reputation, so they want somebody to fix it.
Although you can begin working on the product on your own, it is most likely that you will not be able to achieve the quality and the seamless experience that only professionals have enough expertise to provide for. Without a doubt, a skilful and creative team will bring more value to the project than an inexperienced amateur developer. An application is a result of hard work and team cooperation - it is like a play on the stage. You only see actors on the stage, but you do not know how long it took to rehearse and how much was done behind the scenes. App development is a complex process that requires a lot of discipline, lean procedures and the participation of excellent specialists.
An exemplary development team includes the following experts:
No develop can tell you the exact cost right away, and if they can, it should put you on alert, because such agency is hardly interested in your success.
To estimate the cost of outsourcing app development, the development company should conduct an expansive interview with the client to identify their business needs, demands and feature specifications for the future product. However, you should keep in mind that it is impossible to specify all the requirements for the application in advance, because the mobile market is fast-changing and you need to act fast, introduce changes and add new features as the project moves forward.
The cost of MVP differs for each particular project - it is impossible to provide the client with exact figures. For instance, if your objective is to create a simple social media application where users will share content, it will not cost much. But if you want a complex e-commerce solution with integrated shopping cart services, online payment tools, databases, profiles and an email marketing platform, then you should look forward to spend much more, because you will need the services of many specialists like back-end programmers.
Many experts recommend to those who wish to estimate the amount of resources they will need for the first year of operation to look at successful startups - how much money have they made over the same period? As a rule, young companies start with a moderate budget loaned from friends and family or fundraised. This sum of money is typically enough for half a year, enabling the company to pick up the pace. After the money has run out, they need to raise a bridge between a seed round and Series A. Most likely, they will need a bigger sum to take the prototype validated at the first stage to the next level and improve it to prepare for launch. So what is the total? Bringing together these budgets, you will be able to calculate approximate outsourcing development costs. However, this can help you consider your financial capabilities, but to estimate the app’s cost and development time you will have to conduct a much deeper analysis.
Another option you have is hiring a freelancer, which brings you lower costs and inevitably higher risks. What do you put at risk? Poor work ethics, bad habits, misunderstandings, lack of commitment to the project and non-availability. With a 99% certainty, unless you strike it lucky, a freelancer will deliver a product that hardly matches the initial concept and expectations. Compare app development price to the cost of shooting a new film from an original script. Budget and talent lay the foundation for the project’s success, as well as your motivation and enthusiasm to bring your ideas to life. Be ready to put as many efforts into designing a brand-new application as you would if you were to shoot your debut film. However, if you want that film to be a blockbuster rather than a student short, you need to invest much more time and resources - the same is true for app development. Spending so much money and energies into the product, you will certainly want to your project team to be as dedicated to your goals as you are rather than to deal with a freelancer who has other jobs and employers besides you.
You cannot learn app development other than by trial and error. One of the secrets is that you should not become obsessed with your project. You should validate your idea through rigorous beta tests, proof-of-concept and MVP development before proceeding to another round of funding and starting a full-fledged marketing campaign. Many app developers have big expectations for their innovative products even before initiating the actual development process. Do not repeat their mistake - you should start the ball rolling before you can see where it rolls. Cherish your brilliant idea, believe in yourself and hire professionals to guide you through a complicated world of app design and bring your vision to life, creating a product that will have all the chances to change the mobile market and fascinate your customers.
We are a reliable and forward-minded team of coding masters, design geniuses and project gurus. Our talented experts always strive to deliver the best results and add maximum value to your business. Creating first-class apps is our passion. Our goal is to develop applications that customers will love, that will bring you money and get to the top of app stores. We always explore new trends, learn about new technologies and translate our knowledge and expertise into our products.
Our designers and developers have an in-depth understanding of Android, iOS, web-based solutions and bespoke software that enables them to build quality solutions that work for your success.
Our app development firm can help you create a perfect mobile app, develop the strategies for its monetisation and ensure the long-term success of the project. Contact us to chat. We will be glad to hear from you.