With the massification of Smartphone applications and Blockchain Application development have become indispensable for many consumers that's why having your own app can be a good investment.
Improving technology has always been a way to grow a business because it reduces costs in production processes, distribution and even makes payroll payments lower. For example, the latest model machine can improve the time of manufacture and the quality of a product, the telephone answering machines avoid hiring operators and the safe networks evade risks of computer attacks.
The emergence of new types of digital technology, such as Smartphone, social networks or digital banking, has made the advantage of technology in the market even more noticeable, as advertising has become more personalized and many service procedures customers are now simpler.
With the rise of 'Start-up', these new companies that use ICT, we have seen how emerging companies can grow very fast and at the same time change market dynamics, such as the case of Uber, a travel company portal that it does not have a single vehicle and it became a reference for putting in check the traditional taxis.
The example of Uber demonstrates how the development of an application can become a business in itself, other apps which offer addresses of different restaurants and stores, point out that adapting to the forms of consumption can increase sales of a business.
The development of an application can be a significant investment or a business in itself; its cost depends on many factors, it is not the same to create a business application to make purchases around the world, to make one that shows the menus of a small restaurant. The elements that can increase or reduce the cost of an app are the design of the interface, types of device in which it can be used, available languages, platform to make purchases or the possibility to register user profiles, among many others.
"If you already have several things defined, like you do not need to have several profiles, if you only need a basic language or that it is available in a single type of device, that makes the cost of the application be reduced," says Ángela Vargas, digital strategist of the Digital Corporation.
Prices can also vary depending on the Android Application development company experience, the size in megabytes that it requires, or specialized functions such as the use of microphones and cellular cameras. Below, we show you different budgets with which an application can pay:
Small budget
If your budget is very small, you will not be able to finance a fast, advanced and novel application. However, it is possible to create something simple and useful. It is estimated that with $ 3,250,000 you can create an application with the following characteristics:
- Available only on Android.
- In a single language.
- Without interface design.
- Without the possibility of making purchases within the application.
- Without users having their own profiles.
Read the blog- How Is Travel Industry Going To Evolve in 2019
Medium Budget
With a budget of $ 12,000,000, something more functional can be done:
- Available for Android and IOS operating systems
- Includes a simple interface design
- Allows purchases
- No login system, no user profiles
- With administration panel and bilingual.
High Budget
If you are willing to make a large investment, with $ 69,000,000 you can get a business level application of the highest quality:
- Available for Android and IOS.
- With custom interface.
- The possibility of making purchases in the application.
- An accessible login system with email and different social networks.
- Integrated to a website.
- Users with their own profiles.
- Administration panel.
- Available in multiple languages.
The value of this budget can be reduced if you have clear ideas and concepts
"If the site of a web portal wants to create an application according to the design of the page, it is less expensive because they already have the structure mounted. On the other hand, if you are creating something completely from scratch, there is already a considerable difference, "Vargas says.
How can the investment be recovered?
In addition to the profits that the business idea proposes, applications allow you to earn money in different ways, such as payment by download or advertising, the Mobile App Development Company portal shows the different business models:
Paid: it is where users pay to download the application, which is not recommended if it is a non-positioned brand because nobody pays for something they do not know.
Free: in which the application and its functions are free, but it is earned by the sale of products.
Dynamic: it consists of adjusting the dynamics of the business depending on how the market moves, for example, a paid application can become free in exchange for displaying advertising or offering additional services.
In-App: specializes in offering virtual goods, such as improvements in a videogame or specialized software that solves a need.
Contact us to Hire App Developers at the best price.