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Best Ways To Reduce Your App Development Costs?

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Everybody knows that mobile app development is a quick way of making money, but in fact there are many situations when the development of a mobile app can actually be an expensive project. Most of the times, these situations occur because people don’t plan ahead and don’t know exactly what steps to follow. It’s extremely important to have a blueprint of the app development project, because it helps in controlling the evolution and thus reduce the costs. Generally, the average cost of a mobile app development varies a lot, according to the number of features included, the type of the app or the mobile platform it is intended for. However, an important thing to remember is not to compromise on the quality of the project. Cutting down on the design or the quality of the product does not mean reducing costs, but technically destroying the project. How To Reduce App Development Cost Let’s see some useful tips and tricks on how to cut down on the app development costs! Share the costs For the noble purpose of cutting down on the costs, it is important that both the business and the developers find a way to share the expenses. This means that the developer can ask the investor for some funds where they can share the possible profit, and this strategy works the other way around, too. However, a company that runs on a restricted budget can choose to fund a developer and then gain full rights to the app, thus making sure that the development project is complete. Focus on the essential parts Think about the fact that the mobile app you are developing doesn’t need to provide everything on Earth for your users. The key here is to focus on the specific of the service and what exactly you intend to provide. Offering too many features not only will confuse the users and make a mess of the app, but it will also cost more time and money, which are very important, especially if you don’t know whether you’ll make profit or not. Do some research Though it might seem that it’s even more time lost, truth is that if you do some proper research about similar apps, about all the requirements and so on, you might save some time by avoiding mistakes. If the developer has a well-made plan, detailed with all the sketches, the goals and the requirements, it will be easier to structure the work and to finish with it faster. Take advantage of the open source app development frameworks With this smart tip, you can cut down on the development costs a lot if you check the free to use cross platform app development frameworks. Just look online for several such services and see which one would fit your project more. Don’t use to many custom processes or graphics Though generally mobile apps are different, there are still common elements, such as buttons, navigation type and other details. This happens because in general users expect mobile apps to behave in a certain way, and so do the App Stores too. For example, the Apple has set some Human Interface Guidelines which must be complied with by all the iOS app if they get approved and featured on the iTunes. For this reason, it might save you precious time and money to use buttons and similar elements that are already created. Of course, do customize your app, but draw the line whenever this is not necessary anymore. Optimize your team Divide the tasks clearly and wisely among the people working on the project, taking into account each person’s individual skills. Some simple tasks can be saved for junior developers, for instance, who might ask for a lower rate per hour, which might lead to cutting down the costs for the app. Offer feedback When working with the developers, it is important to give them feedback in time. Outsourcing the app development is a great idea, but it can turn out inefficient if you’re not handling it well. Since the developer’s time means your money, you might want to pay more attention to how they are working and offer feedback so that they know fast what to correct and what is okay. As you can see, cutting back on the mobile app development costs is not such a hard task. By doing some simple things, such as giving feedback, smartly dividing the tasks, removing the non-essential features and design elements, you will see that there is a lot of time and money that can be saved with just some planning ahead. Blog Source- https://www.mindinventory.com/blog/best-ways-to-reduce-your-app-development-costs/

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What are the Vital Factors that Influence the Cost of App Development

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The phenomenal success of the app development industry has propelled several entrepreneurs to look beyond the conventional methods of doing business. They are switching to mobile applications. But what in your opinion is the most important aspect when you decide to develop a mobile app? It is indeed, estimating the cost of developing an app. So, the question is how do you evaluate the cost of creating an app? This becomes imperative as you have to plan your budget estimate accordingly. However, one thing is for sure, developing an app isn’t a pricey affair nowadays. We can cite the example of this interesting survey, which says that 67% of small business owners have developed mobile apps by 2017. Freelancers Vs. App Development Company So, the initial step when you venture into the arena of Google to find a reliable app developer, you probably would get two variable options; either you can hire the services of a freelance app developer or you can approach a professional app development firm to get your app build. The choice lies in your hands. However, generally speaking, the app development firm offers much more benefits than availing the services of an individual app developer. Providing a Rough Estimate In the next step, you have to explain your app idea to the app development team or the freelancer, whoever is selected. You have to communicate appropriately, explaining the details of what kind of app you’re are looking for, its features, designs etc. That is when the app development team will reasonably be able to draw a rough estimate of developing the app. Once the client confirms that he is ready to pay the amount as prescribed in pre-estimate and agrees to terms and conditions, the company sends him the detailed quotation of development charges. Planning for the App Development Once the project is assigned to the development team, their job at hand is planning a result-oriented strategy with the help of meticulous market research. It would begin with understanding the specific project requirements and also taking a deep insight of the competitor’s app. Choosing the Platforms and Operating System The next set of planning would be assigning the project to a development team. Well, it would predominantly depend upon what platform you are willing to choose for launching your mobile app. Whether you want to release your app on Google Play Store or Apple App Store or on cross-platform; it solely depends upon your decision. Accordingly, the number of members will start building the app. How do you Choose the Right Operating System? This is a tricky situation. If you ask for cost consideration, then Apple iOS would be better as it is less costly than Android apps and reaches out financially sound users. It also generates more revenue than its competitor. But Android has double the market share than Apple iOS. In addition to that, the pricing of the app will also vary according to the number of devices selected. Of course, Android has more devices than iPhone and thus, the time consumed by creating the app is more. Hence, it becomes costly. Native Vs. Hybrid When we are talking about the platform, there is one other choice to make – hybrid versus native. Both Android and iOS and can build on both platforms but if you were to consider cost, then native apps are pricier than the hybrid apps. Plus, the hybrid platform also offers the opportunity to create cross-platform apps. The Cost of App Depends on Size of App Development Team Your app cost would largely depend on the size of the development team and its origin or country. For instance, the App Development Companies in India relatively charge fewer prices than companies back in Europe and USA. The cost of the app usually is taken on the basis of per hour. If we talk about the app development team it comprises of project manager, app developers, UI and UX designers, a quality assurance manager, backend, and frontend developer etc. Each of the members shares their cost of labor. The App Features and Functionalities The more features and functions you add to your app, the higher the cost would be; as simple as that. But having said that you have to integrate the most vital and general features; keeping others as additional. This would basically be included in the technical specifications of the app. Necessary and not so Necessary Features For example, implementing the third-party integrations, frameworks and libraries become important as it would improve the app functionality and it would navigate faster. However, other features such as geolocation services, payment gateway, and social media sharing etc. can be added later on depending on the app’s need. But for particular apps like cab booking or restaurant, it is vital. Similarly, the backend development is not a necessary feature if your app does not contain a large amount of data. It is usually used for exchanging data between the mobile application and database. Apart from that, if you want to add the facility of in-app purchase, it would augment the cost of your app because it is complex to design. The admin panel is a must where users are asked to log in to their account. It makes it easier to manage the flow of users and content and also keep an eye on the progress of the app. UI and UX Designs The UI and UX designs are must whether you are designing a simple or a rich feature-loaded app. It defines the functionality of your app and it needs to be remembered that you can draw a lot of traffic from attractive app designs. Well, talking about the cost factor, it depends on what type of design you are opting for and also whether you are getting it customized. Some other Factors Influencing the App Development Cost We discussed some of the primary factors that create a big impact as influencing the cost of app development is concerned. However, there are

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How to Measure ROI for Your App Development

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To learn about and understand how businesses work, it is necessary that you understand the set of terms related to business. Among those terms, the one which is widely used is Return on Investment (ROI) which is a method of determining the efficiency of an investment. It is a key metric used to rank the attractiveness of a number of different investment alternatives and is expressed as a percentage or a ratio. Generally, the Return on Investment can be calculated by any of the following formulae: So, if a business spends USD 1000 per month on an advertising campaign and generates USD 2000 in return directly from that campaign, you get ROI by dividing 2000 by 1000 which is equal to 2. This means that for every single dollar spent on the campaign, the business earned two dollars. ROI calculation helps you understand what is working for you and what is going against your business. Hence, you can introspect and invest in areas where you can earn and generate more revenue. ROI for App Development Think of the last few times you made a purchase. Were they in-store or online? For most of us, they were made through our phones using a mobile app. The convenience that such purchases offer has attracted many people towards online purchases which have resultantly boosted mobile commerce. The industry is only going to grow as research indicates that mobile commerce will reach USD 250 billion by 2020. This trend has also caught the attention of organizations who are now realizing the importance of mobilizing their work applications. While there are certain obvious advantages found in mobile app development for business, there are issues that make manufacturers reluctant to go mobile. The reluctance usually arises from the fact that they are not sure about the factor of ROI for mobile apps. This is quite reasonable because financial success for the mobile apps in the current complex and competitive marketplace is not an easy task. The mobile apps developed by the enterprises comes at a hefty price. Hence it becomes important that they provide a solid ROI. In the following section, we will discuss ROI in different types of apps and finally the steps involved in measuring the ROI for an app. ROI in the Development of Hybrid and Paid Apps The pay-per-download model can be the fastest way to obtain an immediate ROI for your app’s development. However, this method is not received well by users, as they are reluctant to pay an initial cost for an app that they have not tested. Customers usually hold high expectations of such apps which are often not met, hence, leaving the customers unsatisfied most of the times. Not every app is essentially designed to make money directly; there are other ways to monetize the apps rather than making customers pay for it initially. Different business models have been used for applications, the following two among them, have gained popularity among paid-for apps. Setting low prices for downloading the app: In such cases, the price for downloading the app is kept very low, so the cost of purchase for customers is not high. Such application development usually obtains a decent ROI in the long run. Setting high prices for an app: Some relatively well-known brands may go for high prices for their app because they are sure that the product will get sold. This should be the case when the ROI for the app is guaranteed otherwise it can backfire. ROI in Hybrid App Development The hybrid app provides more possibilities for monetization; hence, they are found abundant in the market. These apps focus on obtaining benefit after they are downloaded. ROI for such apps may be obtained through advertising, in-app purchases, and subscription payments. Other Kinds of ROI in Mobile Application Development ROI can be achieved in different ways in application development. Some companies sell user information to third parties to generate revenue. Others seek to analyze user behavior and patterns within a given industry. As long as the app provides a service that is useful to the customers, the app is bound to obtain a good ROI. Steps Involved in Measuring ROI of Mobile Apps Define Your Objectives The most crucial step of all is to know what you want to achieve from an app. It is important because other steps logically follow this. This must start before the designing of the screens and even before starting to write the code. Every mobile campaign can be measured by one of the two intended outcomes: Evaluate your consumer interaction: Focus is on mobile influence, user acquisition, and retention rate. Evaluate your workplace efficiency: Focus is on sales and marketing, asset management and field service. The mobile app developers must be clear about the business objectives and key metrics at all stages of app development. Without proper implementation of this step, you may not be able to effectively utilize your funds in the app development process. App Development Costs This step is important because you may need to ensure that you keep within the confines of the budget and do not consume any excessive resources in the app development process. Keeping an account of the developmental costs is necessary because you are going to need it to measure it against the key performance indicators as discussed in the next step. Development Costs generally include: Implementation costs Hardware costs Support and integration It must also be kept in mind that after the app has been developed, there is also a need for a maintenance team which adds to the long-term development costs. Give Each App a Measurable KPI Key Performance Indicators (KPI) is a business metric used to evaluate the factors that are important for the success of an organization. They differ from one organization to another as some may consider net revenue as a KPI while others might consider customer loyalty metric or retention rate as a key performance indicator. This goes hand in hand with the

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How Much an App Development Cost – 2022 Detailed Overview

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The number of mobile users is expected to reach 7.1 billion by 2021. This presents an opportunity for businesses and app developers to shift their focus to the market that is growing by leaps and bounds. It also stands to reason to develop an app these days since they have become part of our daily activities. Research by eMarketer shows that 90 percent of the users’ time on a smartphone is spent on apps. Consumers also love to spend money on mobile apps. According to insights by App Annie, the global consumer spending in app stores will reach a staggering $157 billion by 2022. This shows an increase of 92 percent between 2017 and 2022. It is evident that mobile app development is a valuable investment to establish yourself as an authority in your industry. As much as you may want to build an app, there are some questions that you need to address before you begin the developing process. One question that is most often asked is about the app development cost. In this blog, we will provide a detailed overview of how much does it cost to develop a mobile app in 2022. How Much Does It Cost to Develop an App in 2022? It is hard to answer the question ‘how much it will cost to build an app’ in 2022. No one can give you a precise estimate of the costs without understanding the nature of your app. There is no fixed price because it depends on a host of factors like app features, design, app development team location, and more. Think of it as buying a car or a bike. You cannot come up with an accurate price unless you know the make, model, engine capacity, and other features of the vehicle. Similarly, there are different factors, considerations, and price tiers when developing an app. Below is a breakdown of the factors that determine the app development cost. The type of app The first factor that affects the development cost is the type of app that you are building. There are various app types, and each of them requires a different set of features that determine its development cost. Some of the popular app types include ecommerce apps, social networking apps, on-demand apps, data-driven apps, and functionality apps. Some of these app types may have similar features, but they all take different approaches to build. Additionally, your app may fall into a distinct category like gaming, music, business, health, travel, education, etc. The cost of your app will change with the app category. Accordingly to Statista survey of June 2021, Games were the most popular iOS app category, accounting for a total of 21.49 percent of active iOS apps and business apps were the 2nd most popular category in the App Store. The platform used to build an app There are two frameworks that you can use to develop your app. They are: Native app development Hybrid or cross-platform app development You can choose the native mobile app development to create an app for a specific platform like Android or iOS. The native framework uses programming languages and tools that are native to a particular platform. You can also choose the cross-platform framework and develop a hybrid app that will run on multiple operating systems without much code change. The app development cost will vary depending on the mobile platform for which the app is built. Since native applications are built for a specific platform, they can easily access programs and services within the device for optimal performance. The downside is that they cannot operate on devices other than those for which they are developed. You’ll have to build separate apps for users who are using different mobile platforms. This significantly increases the app development costs and time. Hybrid apps, on the other hand, use the same codebase across different platforms, which makes them compatible with several devices. With the cross-platform framework, you will need to build a single app and launch it on android and iOS at the same. Hence, you reach a wider audience in a lot lesser time and a lot cheaper. The problem with using the same code on multiple mobile platforms is that the graphical elements at times may not entirely transform to match the framework, hence resulting in design defects. Hybrid apps have also received flak for performance issues and app crashes, which is why the majority of developers recommend the native approach. The location of the developer The app development cost also depends on who is building the app and where they live. The average cost per hour for app development in N. America can reach up to $150. In Eastern Europe and the Indian subcontinent, it is around $30, while in Indonesia, it is as low as $11 per hour. So, if you are on a budget, you may want to outsource your work to an app development company operating in India or any other country with a lower median cost per hour. The complexity of the app App development costs rise with the complexity of the app. There are many different types of apps, but in terms of complexity, they can be categorized into three broad categories. Basic apps: These are apps that do not require remote data servers. Examples of such apps include calendar apps, diet planners, and their development costs can be anywhere between $1,000 to $4,000. Apps with web servers: These are apps that save data on remote servers and require more sophisticated programming. The development costs for such apps range between $8,000 to $50,000. Gaming apps: It is hard to put a price tag on these apps because they include apps with simple features up to those that make use of complex virtual reality. However, a broad estimate about the cost would be anywhere between $6,000 to $250,000 or even higher. App features The number of features and their complexity also impact the final development cost. Clutch.co surveyed firms about the

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