Andrew Gazdecki

How Much Does it Cost to Build an App? [Infographic]

Benefits and costs of building a mobile app

It’s official, mobile is the way of the future. So, as a business owner, you really have two choices, jump on board, or sit on the sidewalk and wave as your competitors pass you by. The mobile app industry is expected to grow into a $77 billion dollar industry by the end of 2017. To a business owner, that should mean two things: people are buying apps and you need an app.

Naturally, the first question that comes to mind when the subject of new technology is broached is, “How much is this going to cost me?” That’s a completely legitimate question for anyone who has books to manage and a business to run. It’s scary to think about investing in new technology—especially since it’s changing so fast.

What you need to keep in mind with regard to the cost of mobile app creation is not so much the initial development of your app. There is the possibility of a lofty right out of the door if you don’t do your homework. But, channel that business sense for a second. What keeps business in business? Residual income. Technology changes so fast, so you need to think not only about the upfront fees but also the maintenance fees as well. So, when you are out shopping for developers or companies to build your app, you need a two-part question, “How much does it cost to build and an app? How much will it cost to maintain and manage it?”

how-much-does-it-cost-to-create-an-app-finalAs indicated in this infographic, determining the cost of mobile app development and maintenance depends on many different variables. First of all, you need to figure out who is building your app and who will maintain it after it’s built. From there, you need to research the developers’ methods of development—different methods mean different prices. After that, it’s wise to look into alternative solutions to see what is out there that compares to the bids you’ve gotten. Lastly, you need to decide what type of app and what type of app development will best meet the needs of your business. Then and only then, can you answer the question, “How much does it cost to build and maintain an app?” So, in the meantime, your best bet is to ask yourself the following questions instead.

  • Should I hire an in house team, or should I outsource my app needs?
  • What type of app developer am I looking for: an agile or waterfall developer?
  • Should I be shopping for fixed price app developers or hourly developers?
  • Are there other affordable solutions?
  • What is the best option for my business and my business’ need

Over To You

Do you have any questions or thoughts when it comes to app building and the need for businesses to build their own? If so, please be sure to leave your comment, below

 

Lead/Featured image: Copyright: ‘http://www.123rf.com/profile_olivier26‘ / 123RF Stock Photo

  • Hassan Aman ®

    Really an interesting read and quite happy to learn that we are doing it right with our site & app development from day 1. It is always a relief to see your strategies getting proofed by experts (as in this article).

    • Hey Hassan, appreciate the comments here! Mobile app development can go in so many different ways in terms of pricing that’s it’s really important to understand the many options available!

      • Hassan Aman ®

        That is true and yes it varies. Knowing and understanding the options before finalizing the decision is critical.