Best Cost Calculation to Make a Mobile App Development in 2020
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The document discusses the cost of mobile app development, emphasizing that costs can range between $5,000 to $500,000 depending on various factors including app complexity, hourly rates of developers, and geographical location. It outlines how companies calculate costs based on features and the hourly effort required, while highlighting the importance of design and additional factors like maintenance and infrastructure. Lastly, it suggests cost-effective strategies such as starting with a minimum viable product (MVP) or exploring Software as a Service (SaaS) options.
Best Cost Calculation to Make a Mobile App Development in 2020
- 1. BEST COST CALCULATION TO MAKE A MOBILE APP IN 2020 So how much does it really cost to make an app? I think that question has been asked Lake 5 gazillion, times right and adding anybody was going to ask me that question again. I'm just going to do this with you. I'm going to break down the exact strategy to calculate the cost of your app and launch it in the most cost-effective way to stick around till the end of this weekend. So let's dive into this right now and I get this question all the time. How much does it cost to create an hour? And I'll tell you right off the bat there is no magic number instead. There are multiple factors that play to determine the cost of not entrepreneurs and spend anywhere from 5000 to 500000 in order to mobile app development services that they want but don't worry not all apps are created equal. Some are simple costing less than others are more complex. How do companies calculate the cost of an app is the typical used by app that companies to calculate how much your app is going to cost and let's take a look at that right now. So The way they do it is by calculating and please do not mind the it's been awhile since I've actually written
- 2. something anyways, so they look at the cost and they look at the hourly at effort and multiply that with the hourly cost, so that is typically used by most app that agencies one. Is that how many hours are they going to be spending on that specific feature in order to completed and then multiply that what is their hourly cost the ticket example to break this down even further. Let's think that you have an average has five core features in it, right? So let's say feature 1, 2, 3, 4 and 5. You know, this is what the app Dev companies with tank off. Is that how much time how many hours would they are spending on each feature? Cost= Hourly Effort * Hourly Cost 1st feature Completed = 50 Hours 2nd feature Completed = 40 Hours 3rd feature Completed = 70 Hours 4th feature Completed = 100 Hours 5th feature Completed = 80 Hours If first company is going to charge you $50 for hour and another company charging $120 for hourly to fill the company. So that's the company number one is going to charge you $17,000 to fill the company. Number two is going to charge you $40,800. And the reason for that is because their hourly rate the hourly cost is substantially different that they're charging at $50 per hour and they're charging at 1 $20 for all this is behind the scenes how they typically calculate the cost of your cap light to this is for a simple outfit S5 features a complex that might take a look around. It's a $1,500 for the development and the cost for that would be let's taking a quick look at that as well. $1500*$50=$75k While that's a really bad writing anyways gets the message across right? So if you look at it for the second company $1500*$120=$180k that's going to be a hundred and eighty KY so that's the difference two kinds of fat two kinds of companies. These are the numbers that you come up with. So far the complex that it’s going to cost you $75,000 companies one company and the company B. It's going to cost you $180,000. But now the question is that how did these companies define their hourly rate? See I am so why is companies charging $50 while company is charging $120. Let's talk about some of the factors that impact the hourly rates the clearest distinction between the hourly rates difference is going to be based on location. The cost will vary greatly if you go out to a company which is based on a few s versus a company which is based out of Ukraine or India in the average cost of a company, which is based on a few Wes is rough Iran won $50. If, you go to Europe that's going to cost roughly around $100. If you go to Australia another $120 to $150 range and in India ideas around running anywhere from $20 to $80 depending on the quality sewer basic cabin Indian might start at the tip $10,000 and a similar app in the US might be tough to get around in a $50k or $70k the second factor, which will impact the cost of your app is going to be the platforms
- 3. number of platforms that you're considering for your product. If you're going with just Android auto just I was the cost would be different. But if you're going for both the platforms the cost will differentiate it also differentiates from a going with the native app vs. A hybrid application. Important factor would be the number of features like we took a look at this. Example is that one two, three four and five features all of them had a different hourly effort based on which we calculate the total of only afford, right? So the features that do you want people to sign up using a social platform or just an email or phone number all of those factors? And then do you want to add any location based services? Do you want to integrate a payment Gateway router app involves streaming multiple languages ads chatting or offline mode? So all of those factors when play a huge role in defining what's going to be the cost of your app near the number of features the complexity the number of Integrations, they won't play a major role in defining how much effort would be spent in building your app. And then into Anvil actually in back the cost of your application the fourth factor, which plays a huge role is the design aspect of your application. You want a bare-bones design or do you want amazing beautiful more than premium designs the user interface and user experience driven apps they definitely stand out but they come at a price Tag Division complexity leads to more effort Boston back in and front end hands leads to your app being more expensive V accuracy and experience the app Division Series usually have different hourly rates based on different skill-sets each member like a developer Castro designer or a solution architect vill have different hourly rates in a decent-sized company will typically have anywhere around for 5 up to eight people working on a single project. These are the five major factors that impacted cost if you that but you should also consider other factors like maintenance cost infrastructure cost and it's important to make sure that you have a maintenance contract Post Release so that your app is Winter proof against any new updates by the operating systems, which might just leave your app useless. If not handled properly symptoms of infrastructure your consideration to work the service elections and database election or any major Integrations with ER PR crn all of these laxity add up to the cost of your app. All right. Let's talk about the two cost-effective to build Launcher app. The number one is MVP minimum weighable product start with the limited set of features your core competency. What is that? One feature that provides the maximum value to your users start with that and then build slowly apps like Amazon Uber Facebook Instagram, they all started as an MVP for the limited set of features and look at those Brands today and the number of features that they have to start with an MVP II approaches the SAS approach. Now you may not find a SAS option for all kinds of apps out there, but there is plenty of subscription. Is platforms out there today in Assassin Wireman? The service provider distinctly hosts the app for you? They will run it hosted maintained and updated them. All you have to do is pay a small fee to set up your account or a small monthly fee. Whatever, monetization strategy is to explore a few options. See what works best for you based on your research and then take action did not get stuck in the research Loop. All right now, so if you found this video hell full match that subscribe button to hit the bell I can so that you get notified every time there's a similar video
- 4. that comes out and make sure that you drop a comment below and let me know what you think of this really and what is it that you want to watch in the next video do not forget to share this with you with a friend who might find this information useful and the. Being said, I will see you in the next video.