How much does an IT development cost: mobile application / web application development cost?

HOW MUCH DOES AN IT DEVELOPMENT COST: MOBILE APPLICATION / WEB APPLICATION DEVELOPMENT COST?

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The price of IT development varies significantly depending on several factors, such as the scope of the project, the client's requirements, and the complexity of the development. In general, the price of an IT development is calculated on the basis of the hours of work required to complete the project. Hourly rates may vary depending on the provider or country, but in general, prices can range from €40 to €200 per hour.

A customised project can cost between €15,000 and €500,000 or more. For projects that have to be created from scratch, we have a methodology whereby, between 30,000 and 49,000€ and within 4 months, we define, design and develop your application. It is important to bear in mind that price is not always an indicator of quality, and that it is important to choose an experienced supplier with a good track record and good reviews. I recommend you research the provider beforehand, get a detailed quote and see if their way of working fits your project and your needs to make sure you are making the best decision.

In addition, It is important to note that the cost of development is not the only cost associated with an IT project, as maintenance and upgrade costs must also be considered, as well as the costs of the infrastructure needed to run the project. In our case we try to work with Serverless technologies from Google and Amazon, which allow for much more affordable server costs, tailored to the project and automatically scaling up when needed. As far as maintenance is concerned, we do not have a fixed cost associated with it either, but work on demand according to your needs. Our entire methodology is geared towards boosting the success of your project and working together for a long time.

In order to know how much it costs to develop your idea, the first thing is that the development company knows your idea. You are probably worried about your idea and you don't want it to be stolen, so I encourage you to always ask to sign a confidentiality contract so you can be calm and trust 100%. This is more for your peace of mind than for them stealing your idea, as it is very, very rare for a development company to steal your idea.

You have to be clear about your idea

If your app is a mix between Wallapop + Uber + WhatsApp you are not being realistic. Think about why people are going to download your app and use it. Once you have this functionality defined, it is easier for a development company to meet your budget by limiting other functionalities to create the MVP (see+) (minimum viable product / Producto Minimo Viable) that you launch to the market to test that your idea works.

It is very important to have the application well defined and conceptualised before starting to develop, otherwise you leave many points open and it will lead to delays and budget increases. Therefore, if you hire a company that is only in charge of development, you have to be sure that all the screens and processes are clear. We take care of everything with our methodology: definition, design and development. This allows us to have a global vision of the project and to ensure deadlines and quality. Once everything is defined and conceptualised, you will know exactly what is going to be developed, the delivery times, the development cost of your app and the method of payment. Remember, the more detailed the better. One of the determining factors to know how much it costs to make your App is to know what technology is going to be used: Are you going to opt for web or do you prefer App for Android + iOS?

Some key questions to ask when budgeting for the cost of developing an App include:

  1. Will there be payments in the App?
  2. User registration?
  3. How many languages?
  4. Does it connect to any existing CRM / ERP?
  5. Do you need a platform to manage your App?
  6. Want push notifications?

YOU ALREADY HAVE IT CLEAR BUT THEY HAVE FAILED YOU

It may be that you already have a clear idea of what you want and you have had problems with the previous company / freelance that was going to develop the App for you. Keep calm and look for experts in the sector who can help you. Unfortunately it is very common, we are used to these cases and we will give you the best solution.

CONCLUSION: HOW MUCH IT COSTS TO MAKE AN APP

As you have seen, this depends on several factors, each development is different and needs to be well defined. So the answer to how much it costs to make an application is simple, it depends on the scope of your project.
By being on Mentor Day you can book an appointment with me through this link and I will give you a quote on the same call. (see+).

ChatGPT can be of great help in estimating the cost of an IT or technology development. You can use it to get a cost estimate based on the scope of the project, the client's requirements and the complexity of the development. It can also help you find development providers and compare quotes.

In addition, ChatGPT can provide you with detailed information on the costs associated with maintenance and upgrades, as well as the infrastructure needed to run the project. It can also help you to identify potential areas of cost optimisation and make informed decisions about which technologies to use and how to adjust the scope of the project to fit your budget.

In short, the ChatGPT can be a valuable tool to help you calculate the cost of a technology or IT development, and to find a reliable development provider that can offer you the best value for money.

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CASE STUDY ON BUDGET CALCULATION FOR A MOBILE APPLICATION

An entrepreneur wants to develop a mobile application for his business selling organic products. The application will have a product catalogue, a shopping cart, integration with payment systems, shipping tracking functions and a customer support chat.

To calculate the budget, the entrepreneur needs to clearly define the scope of the project and the specific requirements of the application. He can then contact different development companies to request detailed quotes.

LET US SUPPOSE THAT AFTER MAKING SEVERAL ENQUIRIES, THE ENTREPRENEUR HAS RECEIVED THREE QUOTATIONS:
  • Company A: 250 hours of development, at €80 per hour, resulting in a total of €20,000.
  • Company B: 200 hours of development, at €100 per hour, resulting in a total of €20,000.
  • Company C: 300 hours of development, at €70 per hour, resulting in a total of €21,000.

In this case, the entrepreneur could choose either Company A or Company B, as both offer a similar price but with a different number of working hours. However, before making a decision, it is important to evaluate other factors, such as the company's experience in similar projects, the quality of its work and the opinions of other clients.

To optimise the selection and budgeting process, the entrepreneur could use Artificial Intelligence (AI) to receive advice and recommendations.

FOR EXAMPLE, YOU COULD ASK:
  • Which are the most recommended development companies for mobile application projects?
  • What factors should I consider in addition to price when selecting a development company?
  • What specific questions should I ask a development company before hiring them for a mobile application project?

With the help of Artificial Intelligence (AI), the entrepreneur could make a more informed decision and reduce the risk of costly mistakes when selecting a development company and budgeting his project.

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Miguel Quilez

CEO Factory Apps, turn your dream into an App.
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