Apps are popular these days, so it’ll definitely be a good move to create a mobile app to further promote your brand. However, creating an app isn’t as easy as you may think. Making your own app entails a lot of planning and a lot of budgeting.
You especially have to pay attention to the cost because it can be expensive to build an app, depending on how high tech or functional you want it to be. If you’re a novice or beginner at app creation, here is a guide on the estimated cost that you need to shell out.
Given below are cost factors that you have to take into consideration, as well as the actual costs of the development.
THE BUSINESS MODEL
The first thing that you have to consider is your business model. How will the app fit into your business model? If it can compliment your brand, then it’ll be easy to market the app. If it’s a bit hard to fit in, you might need to do some thinking as to how you’ll make it fit.
THE KIND OF APP
How high tech do you want your app to be? Obviously, the more low tech the app, the cheaper it will be. To get an idea of how the costing is like, check out the estimated costs for Android apps below:
- Basic App- up to $35,000
- Standard App- $40,000 to $55,000
- Semi High-Tech Apps- $55,000 to $100,000 (depending on the functions)
- Very High Tech Apps- $100,000 and higher
These are the costs for Android apps. Let’s check out the ones for iOS or Apple apps.
- Table Based Apps- $1,000 to $4,000
- Database Apps- $5,000 to $50,000
- Gaming Apps- Up to $250,000 (depending on quality and functions of the game)
THE FUNCTIONS
Next, you have to consider the functions of the app. There are so many functions that you can choose from. As long as you tell the developer what you want, the developer will be the one to quote you. However, below are some of the most common functions that you can add along with their respective costs:
- In-app purchases: Around $3,000
- Internet services: $1,000 to $5,000
- Share Functions: $500 to $1,500;
- SDKs: $50 to $200
The cost of other functions may vary depending on the developer.
THE DESIGN
The design would entail both the front and the backend of the app (what the consumer sees and what you see from the back). You have to work with your development team when including all the functions and development to create the final app design.
THE MANPOWER
You have two options with regard to manpower— you can create your own team of developers, or you can outsource a development company (or a freelance developer) to create the app for you. If you want to create your own team, you’ll need:
- Operations Manager to supervise the development
- The Coding Team to do the actual development structure
- The QA Engineer to test all the protocols
- The UX Specialist to help determine what people would want in the app
If you want to get a development company, check out some of the costs below for three development companies:
- Applico- $100,000 to $300,000
- Fueled- $100,000 to $500,000
- Savvy Apps- $100,000 to $500,000
If you want to get a freelancer, you would most likely be charged by the hour. Here are some estimated rates:
- Native Apps- $35 to 100 per hour
- Cross-Platform Apps- $16 to 60 per hour
- Hybrid Apps- $20 to $100 per hour
CONCLUSION
As you can see, it’s possible to spend over half a million dollars on the development of a regular app. However, it is also possible to spend much less like just a little below $100,000 depending on what you want your app to be like. All you have to do is to create your main vision first and work from there. You’ll be able to see the costs along the way. From there, you can start shaving off costs and functions that you won’t need.
Take note that all these costs are estimates and may differ from the actual figures.
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