How to Plan Your Budget for App Development

How to Plan Your Budget for App Development

Introduction:

When it comes to developing an app for the mobile platform, the budget can be a quite serious consideration. Depending upon a number of factors, the budget for app development can be initially broken down into separate entities.

Budget Separation for Aapp Development - Parangat

Starting from scoping the market to cater to the needs of its potential users, to the final launch and then further marketing of the app. This process can be quite as vigorous as developing a business plan. To make this easier for you, we have divided into multiple stages each covering one step at a time:

1- Requirement Analysis
2- App Development Platform Selection
3- Outsourcing vs Inbuilt team
4- Integrated Features & Functional Analysis
5- App Submission
6- Marketing

Requirement Analysis

There are several things to do before you start building a mobile app. One of those is doing market research and finalizing what all things and resources you will need in the due course of app development process.

    • Finalize the vision of what your app is going to be and its scope and extent.
    • Based on upon, you will need to hire team members should you choose to go with your own team instead of outsourcing.
    • Whether you will need a web portal with it or backend development and customer support staff etc.

App Development Platform Selection

One of the major dilemmas of any app creator is what platform to go with and if both, then whether or not to go with hybrid apps or native apps. Both iOS and Android bring advantages and concerns of their own. Such as iOS users reportedly bring more revenue but the number of Android users worldwide are far more superior to them.

App Development Platform Selection - Parangat

Window/Blackberry platform doesn’t get as many such apps as it’s still not so much widely used and thus very fewer app owners choose to go with. As for whether android or ios, the choice totally depends on you. If you decide to go with native apps, then you will have to develop a separate app for both androids as well as iOS platform which will cost more but will cover more features and provide more functionality as well.

NATIVE vs WEB vs HYBRID: 7 FACTORS OF COMPARISON - Parangat

Hybrid apps, on the other hand, provide much fewer functions and incorporate fewer features due to less customization available. But, on the bright side, they cost less than both Android and iOS app development cost when combined. Some also choose to have a web app for their purpose, this number is very less as for now but is increasing with time.

Outsourcing vs Inbuilt Team

Building a team for each minor task that’s associated with your main project is not a wise idea, on the other hand, if you already have the resources and manpower, then outsourcing the task would be a foolishness.

Outsourcing vs Inbuilt Team - Parangat

These days almost every business in any industry wants its own industry but lacking its manpower, they prefer to outsource it to app development firms such as Parangat. A few of those who plan on creating large-scale apps and would in future require continuous upgrades and maintenance do this by hiring a team once and for all.

Benefits of Business Outsourcing - Parangat

Outsourcing such project works in the immediate future and is light on a budget as compared to hiring the team. But if you have got some long-term goals and may require further assistance regarding app development, it’s advised to build a great team.

Integrated Features & Functional Analysis

Its features and functions are what makes a user stay on the app for a long time. But, putting too many features which aren’t requisite or functions which are hardly used can not only make the app bulky and slow, they also cost quite a lot on the pocket unnecessarily.

Some main key features such as in-app purchases, social media integrations, cloud backup etc. are a few of these which are often in high demand but not completely necessary and can cost quite a lot.

Further, using the latest technology and building everything from scratch can cost quite a lot not to mention imperfect as well. There are many publicly free as well as paid SDK’s available which you can make use of for your app development.

App Submission

After the app is completely developed and beta tested for debugging, the next step is to submit it on an app store of your preferred choice. Each app store charges varies and could be either one-time or monthly. For android play store, it is 25$ while for iOS app store it is 99$. Windows apps have it at quite less and need to pay only 12$.

With the apple store being most strict for app submission, you can go through iOS app submission policies to prevent rejection of app. Windows offers individual and company accounts with both having respective pros and cons. Android being most popular is quite soft on this side and doesn’t ask for much.

Marketing

This is another huge section of your app development budget. You can make a cornerstone of an app but it’s of no use if you don’t get its reach to its potential user segment. Social media, press release, guest blog outreach etc these are just some of the ways in which you can market your app.

To get a further detailed idea, you can read this article on various ways of marketing your app and the efforts you are required to make into it.

 Conclusion

When it’s all being said and done, above is only an estimate and when you actually get into the field, many other minor factors within the above major areas come into play such as your team location. Third world countries provide cheaper labor than most developed countries though at sometimes it’s less skilled too. Want a free quote for your next Big Idea? Get a free quotation from our skilled Developers today.
Email us on [email protected] or request for a quote here.