How Much Your Mobile App Costs
It will be difficult to determine the exact cost of building a software for your business. You know why? The time, information and processes required to set it up may vary as the project advances. You can plan an estimate budget however, this is what we’ll help you determine in this write-up. So whether you are launching a start-up business, you have an existing business or you want to present an internal product for your enterprise, we’ll help you determine the price range for your intended project app. You will be required to answer these questions in the bid to determine the cost of the software you intend to build.
What is the deadline for the project or software you want to build?
What is the maximum amount you can’t go beyond for producing this software?
How much will you have for marketing your product?
What ROI do you intend to get from it?
When is the exact time you want to launch your product?
The Exact Time It Will Take To Build Your Project
Since you will probably be paying for the hourly service of your software manufacturer, you need to know the total number of hours that will be required to carry your project from the idea state to a ready-to-use state. The total number of hours your project will need is dependent on its function, the tools that it will require, whether you want it to have a backend, whether you want it to have a customized or standard solution etc.
Let’s present you some scenarios:
If you want a simple app with simple graphics and basic tools that have about 10 types of data containing names, IDs, emails, comments, image, audio etc. And minimum input forms of 15-20 pages, some menus and a little backend update. This app will require about 200 hours to produce. If you wish to include a more solid backend, you will then be looking at about 400 hours for your product to be ready.
For more complex apps that will require about 40 pages/screens, about 20 data types, interactions with other social media platforms, a one user app with basic Create/Read/Update/Delete operations, you will need about 300-450 hours to get this done. If you intend to add backend operations, double this expected time.
For even more complex apps, where you intend to personalize for different users like internal and external operators, have a location based system, an e-commerce phase, a payment system and a few enterprise solutions, this will need about 700 hours production time. And some 700 more hours for backend production.
For complex logic apps with big volumes of data, storage, security, processing on servers, scaling, complex servers, social networks, custom CRMs and ERP systems, this will need about a thousand hours plus extra 1000 hours for backend fittings. Testing hours will be 30% of the required hours for your project. And 10-15% of the hours for project management depending on the complexity of your project. These hours are estimates however, you will get more precise at the timings depending on the number of hours and consistency you put into studying your project.
Choose Expertise Over Cost
It always pays to compare costs and quotations from different producers. And they usually have their pros and cons. You should choose expertise over a cheaper hourly cost of of service. There usually exist a continuous discussion between the client and the software producer. Both parties should gain a mutual understanding of the exact need and function of the product. So take time to thoroughly sort this with your software producer. Time spent getting the exact direction for the project is never a waste.
Or else, you may have to go through the whole process again just after so much time have been taken to produce the product and it didn’t match your needs. Have a comprehensive documentation of your product agreed upon by both parties before the project deployment commences. This solves any misjudgements and misunderstandings between the two parties along the way. Remember, it pays to choose a professional service over a low-cost service! You will get your money’s worth eventually. Here are average hourly rates of software companies in some countries:
USA -: $40-130
Western Europe -: $30-80
Eastern Europe -: $25-45
Australia -: $30-70
Africa -: $15-25
India -: $10-35
Reducing Cost of Production
One, hire a professional team from the onset. This will save you the cost of running through the whole process again due to the inefficiency of the company you contracted your business to. Two, you don’t have to break your back on cost by having all the features for your app delivered all at once. Have the whole product feature set out all right. But break them into primarily needed and secondarily needed. Start with the primal ones and when you have made money from its first launch and use, you are now more financially buoyant to add the secondary features and even new ones. In any case, you’ll have to upgrade from time to time based on reviews and feedbacks from your users.
Three, cost usually increases at mid project development points when new information or unforeseen factors are introduced. Ensure you maximally decrease the occurrence of these extra costs by doing lots of research, ground works and documentations before the project starts at all. In conclusion, cost of maintenance of your software app will still continue long after your product has been launched. Your users will give feedback you want to incorporate and advancement in technology will necessitate upgrades too. So, keep a close relationship with your producer to keep your software app up and running and in good condition always. Ultimately, you’ll have your customers satisfied with your product and services. And a very user friendly app admired and loved by your users.
These hours are estimates however, you will get more precise at the timings depending
on the number of hours and consistency you put into studying your project.
Quotations From Different Producers
In any case, you'll have to upgrade from time to time based on reviews and feedbacks from your users. Three, cost usually increases at mid project development points when new information or unforeseen factors are introduced. Ensure you maximally decrease the occurrence of these extra costs by doing lots of research, ground works and documentations before the project starts at all.