It's no secret that building an app is expensive. The process of designing, coding, and testing can take months or even years.
Every business has to deal with an app development cost. It is important to understand what you need and how much it will cost to make the right decision for your company. The amount of money you spend on app development could be the difference between success and failure, so you must know everything about your options before making a final decision.
A lot of thought has to go into whether or not this project can be accomplished on time and within budget, as well as whether or not they are going to make any profit in the long run.
One thing people often don't realize when developing an app is the amount of money it takes to develop an app and how much work goes into it.
In this article, we'll talk about what app development costs are, why they're necessary, and give you some pointers on how to proceed forward.
So, let’s get going then!
A Basic Outlook:
From a simple standpoint, this is a complex subject, with a lot of budgets depending on the project itself. A simple app can cost around 20,000-30,000 dollars. This is where your Minimal Viable Product will reach its threshold. And that’s just the normal basic app. A complex app can range up to 150,000 dollars.
Yeah, it’s a mind-blast of a range, I know that.
So, now that we know the basics of average app development cost, let’s focus on
Factors That Control Your App Development Cost
As we all know, there are going to be very different types of apps, depending upon how you want to create them. For our sake and purpose, we have divided our apps into these categories:
- Simple Apps
- Gaming Apps
- E-commerce Apps
- On-demand Apps
- Social Media Apps
1) Simple Apps:
Well, as the name suggests, these are simple apps.
Apps that have a very simple and basic function like telling time and having different wallpapers are called simple apps.
Some small stick-man games, to-do list apps, and clocks are the simplest apps to develop. These types of app development models do not require a network connection or backend development and take about 30-45 days to finish.
They can be popular, especially if you have simple gameplay, but with the sheer abundance of such apps, they shouldn't be your best bet here.
These apps are the cheapest to make and can range from low 10,000 to 15,000 dollars.
2) Gaming Apps:
These are one of the most common apps you can see on the app store. Mobile gaming is considered a dark portal of unholy monetary standards. You might have to sell your soul to Satan if you want to earn money, but boy oh boy does the money make it worth it.
A few gaming apps that kind of share the specs with simple apps are cheap, but the vast majority of games will need constant support and management.
This is why these apps can cost from a low $20,000 to $35,000.
But some of the strong games can cost up to 100,000 dollars.
3) E-Commerce Apps:
You already know about e-commerce apps. Amazon, Alibaba, and Flipkart are the most common examples. They are in most cases away from simple "Apps" because they need a lot of features.
Some of the features include user registration, social interactions, catalogs, product pages and descriptions, payment options, etc.
Because of this, the cost estimate can vary a LOT for e-commerce app development.
Simple eCommerce app development cost: $60,000 - $300,000.
4) On-Demand Apps:
On-demand apps are a wide umbrella term that is for any app that satisfies your needs. Be it transportation like Uber or food panda to deliver food.
These apps typically generate a lot of revenue, but they need a lot of maintenance and a lot of funding.
For these kinds of apps, the cost can range from $50,000 - $150,000.
5) Social Media App:
If I am being honest, these apps are the only big-budget apps that need a complete overhaul. Everyone knows some social media apps like Facebook, Instagram, LinkedIn, etc. And we are bored out of our minds from it.
These are the only big-budget apps that you need to think about innovatively if you want to earn money. And oh boy, do they cost money. They require a lot of work and manpower to back this up.
All of this needs a huge chunk of investment. And oh, let’s not forget, a lot of management. How much does it cost to make an app for social networking?
Social media app development cost up to: $60,000 - $300,000.
How Complex Is Your App Going To Be?
A lot of the budget of your app also depends on how complex your app is going to be.
Some of the good questions you need to ask yourself include:
- What kind of UI/UX am I looking for? Here the more complex the UI/UX design your app gets; the higher will be its budget.
- How many features will my app have? Once again, the more the features, the added costs.
- How much Maintenance will my app need? After your app is live, it will need a maintenance team that constantly monitors the data so that you can earn more money.
App development isn’t an easy game. That’s why at Hyperlink InfoSystem UK, we make sure that all your needs for your app development are met.
Thank you for your time and we will see you soon.