How much money is needed to create a good app?

Posted by Amit Tiwari
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If you’re considering making an app for your organization, it’s wise to determine early on how much the project will cost. Because the complexity involved in developing apps varies widely from project to project, the costs involved fluctuate widely as well.

Unfortunately, that means there is no single answer to a question like, “how much do mobile app development cost?” But by working through the considerations listed below, you can reach a clearer understanding of how expensive your project might be.

Who Is Developing the App?

The first question to consider—and the one that will determine much about your approach to the project—is who exactly will develop the app?

The are essentially two options here. In the first case, someone already working for you company could develop the app. (That person might even be you!) In this case, the total cost of the app development work is no higher than that person’s salary. If you have an experienced and capable developer on staff, and they have the time to take on a significant new project, then you might make your app without any new budget outlays.

On the other hand, you could hire a freelancer or dev shop to handle your project. This can be an expensive proposition; high quality developers often bill more than $100 per hour. That’s $4000 for a full 40-hour work week. But, given the value that many mobile apps deliver, this can certainly be money well spent.

How Complex Is the Project?

If you are outsourcing the work to a development company like OTS Solutions, how much you pay them will depend largely on the complexity of the project.

Many times, the mobile apps that clients ask for are relatively simple. If you don’t need much graphic design, and your app doesn’t include lots of interactivity, it might only take a few weeks to make.

On the other hand, apps that require lots of design work, and include many interactive elements (like games, forms, purchases, etc.) can require hundreds of hours of work. And on top of design and development, complex projects also require more project management and QA work.

It’s very common for complex apps to cost tens of thousands of dollars. But again, if you are developing apps that have high value for your organization, that price could be a fantastic investment.

Controlling Costs

No matter the size of your budget, you’ll want to do everything possible to minimize the final cost. And there are a number of effective approaches to limiting the cost of software development, without sacrificing features or quality. Below are some of the most important ones to consider.

DIY Project Management

Even if your organization doesn’t have developers in house, it’s likely that you do have employees with project management expertise. Leveraging their time can be an effective way of limiting the price you pay outside freelancers. Tight project management will keep the work on pace, and reduce the time developers have to waste figuring out exactly what is expected of them.

Create a Clear Project Plan

On a similar note, creating a definitive, comprehensive project plan before hiring freelancers will not only save you headaches and heartbreak, it can also save you thousands of dollars.

For those without experience making applications, it’s normal to assume that most of the work consists of actual coding time. But in fact, things like requirements analysis and drafting design specs can be equally challenging, and eat up a huge portion of your budget. If you do your homework first and keep that work in house, you can easily save 25% or more on your outsourcing costs.

Limit Feedback and Revisions

Once you start to receive design mocks and prototypes, you will undoubtedly have ideas on how they could improve, and your project plan should account for revision time. However, you should be mindful revisions to a features (particularly once coding has started) can double or triple the time involved, and multiply your costs accordingly.

So when offering feedback, be sure to ask yourself how important your requests really are. If they are “nice to have” but not essential, consider holding your tongue and saving yourself some serious money.

Take an Iterative Approach

Lastly, many clients begin software projects with bloated lists of requirements that include numerous features their users don’t really need. This is a recipe for frustration, and perhaps more importantly, a surefire way to waste money.

Rather than attempting to build you dream application right out of the gates, consider aiming for an MVP—minimum viable product—instead. Ask yourself which one or two features are absolutely critical for the initial success of your project, and see if you can scale back your plans to just those items.

If you do decide to build an MVP, it can be especially helpful to work with a dev shop like OTS Solutions. Top mobile app developers have a sharp eye for “scope creep,” and their input will help you determine which features you really need, and which can wait until after your app becomes a hit.

The Bottom Line

As is often the case, you get what you pay for when it comes to mobile app development, and quality isn’t cheap. Whether you pay hourly or flat price your project, you should expect an effective hourly rate of $100, if not more. If that seems steep at first, don’t worry. There are many ways to control your total costs, and a well made app will pay for itself over time.