How to Figure Out the Costs of Mobile Application Development
How much will it cost you to build a mobile application for your business? This is a question that many entrepreneurs and business managers grapple a lot with. There is no clear-cut way of figuring out the actual price that a mobile application development company will charge you, but there are ways of setting some reasonable expectations. A number of app development company provides specific cost that you can use in order to calculate the app development costs. On the other hand, other developers, may not have a clear-cut methodology of calculating the costs of app development.
Mobile apps which have been built by agencies can be quite costly. Some can cost as high as $500,000 while others cost as low as $10,000. The big app developers that cater to clients such as the Fortune 500 will undoubtedly charge premium prices for app development. However, there are smaller and equally versatile app developers that charge considerably lower costs for quality application development.
Still, outsourcing to a mobile app development company is always a cheaper option than in-house development which could be considerably higher for the company. A lot of companies that carry out in-house development admit that the process is cumbersome, slow, costly and very frustrating. It can take months or even a year in order to build apps in-house. On the other hand, outsourcing your mobile application development may take only a few weeks or a few months and will, as a result, be considerably cheaper.
Calculating the Cost of Mobile Application Development
You can find a mobile app development company which offers a cost calculator that clients can use in order to determine the development costs. Here, the client can simply specify the features that they will need in the app and the tool will give them a rough estimate on what the development will cost. Some of the features that you could typically specify in an app include login authentication, UI, business logic implementation in the app, the offline functionality of the app and its backend connection amongst many others.
Continuing Costs After the Development
When talking to an app development company, it is important to understand that this is not a one-off cost. Creating that first pristine app is just the initial cost. There will be additional costs associated with continued use and maintenance of the app. It is important to make a reasonable estimation of those long-term costs. You can talk to the application development company to offer you a cost estimate for maintenance and fixing of the bugs after the development. This should be an important consideration when you are hiring a developer because mobile apps require lots of development and maintenance work.
According to Forrester Research, that initial cost of developing the app will just account for 35% of the average amount spent on an app over a period of 2 years. As a business manager, you will need to update the app on a regular basis in order to add new functionality and fix issues with the app.