App Development

Smartphone app development cost

Build Using Mobile App Development Process  May 2, 2021 – 05:18 pm
How Much Does Smartphone App Development Cost? | Smartphone App

Perhaps you’ve read that you can do a “development vacation” in India and get an app built for under $10, 000. (We wouldn’t advise it.) Small shops get an app built done for under $75, 000 with a threadbare team, while an award-winning agency with top-notch design and engineering talent tends to work with projects $75, 000 and up, or as much as $1, 000, 000 at the upper end, with $300, 000 a rough median. Large agencies might charge upwards of $1, 000, 000, although you see sharply diminishing economies when you work with a company of 1000+ people. Plus, you can lose out on critical development opportunities working with modular teams. All up, you could be looking at about a million and a half dollars to operate a startup for the first 18 months.

So there are lot of moving pieces here. Let’s delve into the key factors that determine the app cost.

The team that brings the vision for your app to life

The cheaper shops offering end-to-end app development for under $50, 000 are offering more limited services than an established agency. When you increase your investment, you’re buying experience foremost, which entails more specialized expertise in Android and iOS app development in an agency like Fueled. On top of that, hard-coding your product is just one piece of the process, and a team that doesn’t include expert designers and strategists can see your costs blow up on the far side of launch.

Ryan Matzner, director at Fueled, explains, “A development team is sort of like a Broadway play. You have the actors on stage, but then there’s a whole bunch of stuff happening behind the scenes. An app that gets built properly is sort of similar.”

A successful mobile app development team should include:

  • An account manager who acts like a liaison for clients and works with product managers and producers to coordinate the completion of different tasks
  • A product manager who executes the functions of a director by overseeing the app
  • Developers experienced in optimizing products for the requirements of iPhone and Android devices

The length of development time

Can you build an app in a day? You ~can~ provided your requirements are the bare minimum and the life cycle of your app is... a day. If all you need to do is add e-commerce capabilities to your Etsy store, for example, there are ways to piggyback purpose-built technologies for that purpose. But let’s assume you’re looking to debut a polished product that meets a specific need and opens up opportunities to seize a market segment. A large agency and a mid-sized shop might both quote you $300, 000 to deliver a product. The difference is that the large company adheres to a waterfall process, delivering on the original specifications after farming out work to the lowest-common bidder, while the mid-sized shop uses an agile process. Fueled's development time approaches 13 weeks to properly go through the design and development stages using an agile process.

The steps are:

  1. Project kickoff
  2. Product design sprints - 3 weeks
  3. Design and development sprints - from 6 to 10 weeks
  4. Launch of MVP (light refreshments and accolades to follow)

The core features in the app

Even something as simple-sounding as an e-commerce app involves a striking melody of software elements behind the scenes. Scoping out the core app features will move the needle up or down on the cost involved with developing a beta, and also acts as a crucial test of your business proposition. A skilled product strategist will look at whether the core features you want to include are, in fact, the right features for the best user experience.

The scope of the MVP and amount of seed funding

A fairly universal cost range for getting a minimum viable product out the door is $100, 000 to $150, 000 regardless of the level of expertise at the agency. Fueled product leader Aaron Cohen explains the steps after delivery of an MVP: “Traditionally, a startup will get going with a seed round or a friend-and-family round of $250, 000 to $500, 000. That will allow them to run the company for six months or so. Generally, they then need to raise a bridge round. Another $500, 000 to a million dollars, which will really let them take whichever prototype or proof-of-concept they validated in the first phase, take that to a higher level, and really polish it up for widespread consumer release.” The result? About a million and a half dollars to operate a startup for the first 18 months.

So you can see why getting app development right from the beginning of the process is so crucial if you are to be the next WhatsApp or Uber.


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