How to Calculate the Price of a Mobile App?

How to Calculate the Price of a Mobile App?

Is it possible to predict the future price of a mobile app? How much does it cost to build a mobile application? This is the question of utmost concern for absolutely any person who is going to invest in building a mobile app. In fact, it is really hard to estimate the cost of a mobile app when we don’t know the set of features that must be added, your budget, and the software that must be used for building. But if you have decided to invest in building a mobile application for your business, you have to bookmark this page because this information will help you find out what particular aspects have to be considered when planning to build an app for your business.

Your first and foremost task is to answer a few questions. When you get the answers, it will be easier to predict the app development cost. 

It is clear that comprehensive research is needed to calculate the price of your future app, but we live in the era of software development that pursues one goal – to make life easier. Following this link, you can easily calculate the price of your future mobile app and even find a team that will complete your order!

Table of Contents

Basic Tips to Consider

Today, we experience the mobile evolution, when more and more people start using mobile devices and go online. Your customers also go online. Therefore, building an app for your business is a must-have today. 

Let’s learn statistics:

  • 197 billion mobile apps were downloaded from the Apple Store and Google Play Market. Statistically, 258 billion app downloads will be in 2022.
  • An average person uses 9 mobile apps per day.
  • Around 80% of all online searches for local businesses usually result in a purchase.
  • More than 50 % of users confessed that they would not recommend a business with a badly designed and cluttered website.

Does your retail business need a mobile app? Definitely yes! It’s a fair opportunity to increase income! But how to calculate the average cost of your future app, what should you do? Here’s a list of the main questions that you need to answer.

What Type of a Mobile App Do You Want to Build?

Do you want to build a mobile app for iOS, Android, or both platforms? You should do simple marketing research to learn what particular option is suitable for you. Android apps usually have a broader reach whereas iOS apps have more engaged users.

Do you need to option “To Create a User Profile”?

When a person creates a personal profile in your app, they are giving personal information to you. If you need the data and wish to collect it, you have to get ready for doing the paperwork. Besides, you should also check the regulations to avoid privacy issues. But if you wish to engage your users and study their behavior, you undoubtedly need this information.

Determine a Set of Features

Remember that the final price of your mobile app is contingent on a set of must-have features. Here’s a list of mandatory options you simply can’t do without:

  • Push notifications;
  • User login;
  • Offline mode;
  • Geolocation;
  • Media Content;
  • In-app purchasing;
  • Instant messaging.

Remember that absolutely every new feature will surely reflect on the bill. You should also make sure that a set of all the features is suited for your type of app and adapted to the expectations of your targeted audience.

How Are You Going to Earn Money from Your Application?

This is the question of major concern for the majority of business owners. Firstly, you need to decide in what ways you are going to earn money on your app. You can have a much better income if your app has in-app purchases. This question must be on the top of your priorities.

What Are Your Back-End and API Development Requirements?

Are you going to use API? Do you need a scalable back-end for your content? Can a cloud-based server suit your requirements? The final price of your future app depends on your answers to these questions. 

All these factors can surely influence the price of mobile app, but there’s one more factor that you have to consider – always analyze the average pricing policy on the market and never entrust the development of your business app to inexperienced programmers!

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