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    The formula for managing mobile app development cost


    April 2 , 2024 Posted by admin

    Now, every business has an app. Well-established businesses already build an app, and they can because they don’t need to worry about the cost of making the app. Some big firms even have more than one app that caters to different department needs and clients’ needs.


    Now comes the mid-sized firms; although they also already have an app, they always prefer to make an app at a low cost. Unfortunately, they need to invest a high amount in app development. However, in return, they get a great outcome. Still, they prefer to make a highly functional app at as low a cost as possible.


    Coming towards SMEs and startups, most of them have, and most of them are in search of making an app as low a cost as possible as they have limited budgets and even resources.


    Mostly, what do they do? They apply for an economic app team or hire a less experienced app developer within the firm, which leads to high time consumption to make an app and not getting the desired result. This further results in constantly tweaking and polishing the app features to make them desirable.


    So here is this blog for SMEs and startups searching for app development services but not knowing where to go. We are here to help you.


    In this blog, you will explore two significant queries: What factors need to be analyzed when managing a mobile app creation cost, and how can we reduce them?


    After reading this blog, you will eliminate any confusion and hurdles, pick the best developers, and create a highly economical app that results in a very user-friendly UI/UX and fully functional app.


    Let’s start!


    So, what are the factors that most firms face when managing a mobile app cost?

    So what are the factors that most firms face when managing a mobile app cost


    At the end of the project, every app is different as it caters to different needs, and therefore, the cost will differ.


    We can ask you a question. So, are you developing an app for a B2B platform, a B2C platform, or a C2C platform?


    You are well aware of what niche you are working on.


    All these (B2C, B2B, or C2C) app development costs are different, as some require more features to be infused into the app while others require less.


    Secondly, what industry do you belong to? This can also slightly affect the app-making cost, but not that much.


    Thus, depending on the platform you cater to and the industry you belong to in alignment with the complexity and features you want to add, typically ranges between $10,000 and $100,000 and even $500,000 (or even millions).


    Until you go in-house or via outsourcing, you cannot sit and discuss all the important questions to get the exact figure. So make sure to do that.


    So, there is no purpose for you to go forward before this discussion; you must be familiar with these vital factors so that your discussion goes perfectly with the team and you don’t get stuck on what to do.


    Your OS system and device

    When making an app, you consider either iOS or Android. Let us yell at you about the huge cost difference between these two if you want to make a native app workable on a single platform only.


    But if you make a native app (for each separately), with no doubt, the cost will be dual.


    Also, to alert you that a native app is best for very high-performing programs or, like, for those that demand a very complex UI, bundle of features, and animation involved in it.


    Native apps are technically better than web apps (app that is accessible via web browser and are stored on a remote server and don’t need to be downloaded from a store) as they are built with in-depth technical features, use high-end frameworks, SDKs and programming languages (such as Swift for iOS and Java or Kotlin for Android) to give highly optimized UX.


    But they are very costly like, from $50,000 to $100,000, and require nine months and more.


    Then comes the cross-platform app with a single code base that is workable on all platforms with minor tweaks. This is more costly than native but requires less time, at least 3 to 6 months, with a budget under $30,000 to $200,000.


    Then comes the PWA, or progressive web apps; they are highly responsive and offer the exact same attraction and usability no matter the screen size.


    Such a type can be operative in almost all browsers and on almost every app OS. It costs between $20000 and $50000 and requires 2 to 6 months to develop. This is less than the cost of a native or cross-platform app.


    They are best at investing a lot of cash.


    Feature and complexities

    Your cost determination will heavily rely on specific features that you want to add to mobile development costs. The more features, the more it will be, and the more time the app takes for development, thus, the more the cost.


    Your app’s main goal —what is the purpose of this app? Is there a question about whether you need to integrate the very accurate functionalities in the app?


    If you want to make a digital inspection app for a manufacturing firm where they perform an inspection of all their operation via just fingerprints, or you want an ecommerce app where they have easy payment methods, etc., and thousands of more ideas for different businesses have for their “what they offer” need.


    At Logo Magicians, the best app development company in the USA, we offer the best app development services and start projects with an MVP using an agile methodology.


    “Logo Magicians” know the art and science of developing mobile apps. Have a free session with them.


    Although we discussed the app costs as per their types, In general, the 2024 era is a bit surrounded by inflation, so the prices are here as per the features:


    • Very basic app: – $50000 and $100000
    • Average App (Neither very basic nor very complex): $50000 and $20000
    • Complex app: $100000 and $300000, and even more
    • Premium App: $100000 and $500000 and even more


    Development Partner or Strong In-house Team



    You need to be clear about which approach you want, either a house team or IT outsourcing. Both are costly, but when compared, an in-house requires an effort that starts from the HR department for recruitment and selection — a tough job that requires heavy investment and an even longer procedure. Then, make a team from scratch. The frameworks and SDK needs are another investment you need to work on.


    On the other hand, you can go for IT outsourcing, which provides you with an economical package for your mobile app development process. This has certain pros as you need to put less effort into app development, like no need for hiring and managing a team; you just have a free session, and then all is done by the agency. Consistent collaboration is needed.


    However, make sure to pick the most suitable app development agency certified and specializes in making almost all sorts of app types, check their portfolio, and get feedback from their client.


    Now, How can you lower the cost of making an app?

    The good news is now that you have gone through the app development cost estimation. There are ways you can apply to lower the cost of making an app. These are just tricks that can be highly useful.


    So, let’s go through what these are.


    Give priority to features as soon as possible or early on

    Correctly and early on, prioritizing your app features (what features to include and how important they are) is vital. In the early stage, QA professional involvement can play a great role.


    As a result, you can save a lot of time, which might be very high during the middle time, as you can reduce the probability of error or bug occurrence during the development phase.


    Future planning



    You make the app now, and shortly (during launching), it needs some changes or even an entire remaking. For example, if you make MVP, you add minor modifications per client feedback.


    As your business grows, you add new services or products, or even a new tech that you can infuse into the app as client demand comes due to rivals and many other reasons.


    Your retarget market becomes enlarged or moves in a different direction, which enables you to make some alterations to the app as well.


    Go for cross-platform development



    Native is costly; making an app for two audiences “separately” is pricey. So instead for cross-platform apps, “single code, all platforms” is a formula for this type. No hassles or complexities. Famous technologies used in making cross-platform apps are Unity 3D, Flutter, and React Native.


    Uber, Instagram, Bloomberg Spotify, Skype, Pinterest, and Tesla are examples.


    Build a logo with the ideal color choice with us!




    Now that you know how you can make sure your project regarding the mobile app development process goes well, and as per your command, you need to be aware of these factors. And how you can reduce them.


    So whether you SEM or a startup, you can have a session with “Logo Magicians,” the best app development company in the USA, and build an app that highly follows all iOS and Android guidelines, user-friendly, gives solid UI and UX.


    With mobile app development services globally, you can build a digital presence on smartphones that are always installed in your target audience’s pockets.


    Also Read:  Five New Mobile App Technologies To Watch In 2023 And Beyond

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