The customers are always the core part of every business. They can make your brand reach the zenith or between the competitors. It all depends on how important your product is at delivering the values it requires. If they find the product appealing, then your business has a long way to go. And if they find it less considerable, then there are scopes of making a change and building a product that meets the customer’s demands.
But how can we ensure that the product in the initials is worth it for your customers or not?
This is where MVP app development comes into the picture. Brands can now launch the basic version of their app and test its performance in the market without investing a huge amount in it.
Cost of MVP in App Development
Developing a Minimum Viable Product is one of the best options to gain the users’ insights on your products. With the MVP versions of the app, you will able to understand the customer observations on your products and identify the strengths and loopholes that might impact the performance of the app.
It is said to be an economical option as developing a complete app could have cost money as well as time. But with MVPs, you can test your product to around $15,000 – $120,000 on average. These charges depend on the various types of teams you can hire to build MVPs.
In-house team
Hiring an internal team can enable you to have great control over the development process. However, when we talk about the costs, then there are salaries as well as training costs, benefits costs, devices costs, and so on and on. As per the Glassdoor data, the basic salary of software developers is around $90T – $1L per year. So even if we have six people working, the average salary will come at $6L per annum or $3L for a months project plus other costs, as mentioned.
Freelancers
This is one of the most economical ways to develop MVPs. Freelancers developers usually charge $40 – 80 per hour on projects. There are various platforms like Upwork that can provide you with the best freelancers, even at lower rates. But the one question that makes businesses rethink is about finding a professional freelancer who is experienced in the field and committed to the timely completion of the task.
Outsourcing agency
It is among the highly recommended methods to build the MVPs. There are many outsourcing agencies that are great at providing mvp app development solutions. However, there is one challenge while hiring an outsourcing team, and this is finding a trusted agency. But no worries, you can easily overcome it if you pay closer attention to the details and check the website reviews, client testimonials, and more.
| Roles | Average Cost (per hour) |
| Project Manager | $80 – $120 |
| Front End Developer | $100 – $150 |
| Back End Developer | $120 – $180 |
| Quality Assurance Analyst | $ 80 – $120 |
These are the average charges which are for mid-level professional teams. The charges may vary if you are looking for highly experienced professionals.
Factors That Impact The Cost of MVP App Development
The cost of app development differs from business to business. Some MVP versions are low-cost, whereas others might be high-cost. There are many variable elements that decide the exact cost, and knowing them will give you an idea of how to calculate the total costs for your app.
App Features
The cost of your MVP development is directly related to your features. If there are more features to plug into your app, then the cost will be on the higher side, too. And if there are limited ones, then your cost and time both will be less. So, as the best way, you should try to add the important and limited features to keep your app development cost in control.
Design Interfaces
The app’s design structure is a very important element in the success of an app. When people find the designs appealing, they can’t stop themselves from exploring the app more. So, never mind if your UIUX design cost is touching the maximum budget line because it’s all about the brand presence that your design carries, and compromising with it is not fruitful for your business.
Technologies
Depending on the technologies required to develop the apps, the MVP development company will quote their charges. When you utilize more advanced and latest technology, then your cost will be higher than the basic available technology. For example, Using React JS to build an MVP is more cost and time-effective than Angular.
Project Completion Time
If there are many large operations involved in your project, it will require more time to accomplish them, and more people will be engaged in the project. This will increase your cost and delay the launch time. To avoid this, you can hire an extra team and complete the task with 2x speed. Although your development cost will be reduced slightly, you will be able to enter the market on time and grab the opportunity.
Conclusion
As you have explored the different factors that decide the cost of your MVP app development services, you will now be able to plan your budget accordingly. Always remember to check the past performance of the concerned person or agency before making a deal.
