The cost of the product is based on its needs, similarly, while making an application it’s based on the users as well as the company. Secondly, it’s important to know about the market strategies and launch your app according to that.

#1. COST TO CREATE AN APP

FORMULA: App Cost = Development Time * Hourly rate

~ APP COST:

Cost is based on the parameters that influence the market and the users, a company launches its app at a time when people start bored with their previous applications.

“SOMETHING NEW” is the tagline for every company to build something new. Like, new ideas, new thinking, or it will be a new feature as well. All these parameters decide the cost of the app, and how much money will spend to build it as well as, It also depends upon the sponsors and how much it can spend on their company. Sometimes, it is also based on user demands and their credibility to purchase the app for better use.

~ DEVELOPMENT TIME:

It is the time when the developer completes his/her work on the application, it’s the time to develop the app. This time is appointed by the head of the company and the development time also means, the time of completing the project.

~ HOURLY RATE:

The rate of the app per hour means how much the company spends on the particular app that’s the reason, why apps are so expensive. The company only spends according to their needs as well as they use cheaper ways to build their apps like remote developers. Remote developers are the best and most productive method of working and which also reduces the hourly rate.

#2. COST OF APP DEVELOPER

The developers are the most important part of the company as they are the one who develops the app and for that, they get a proper salary as well as incentives for their work.
In application development, there are two types of developers for two different software:
1. iOS developer
2. Android developers

iOS DEVELOPERS:

The cost rate ( salary ) of an iOS developer is $39.19/hour whereas the average pay is $82,549/year.
They work for iPhones as well as develop apps for them.

ANDROID DEVELOPER:

The Android developer, develop applications for the Android marketplace.
The basic cost rate for Android developers is $30.61/hour and the average salary of the developer in the US is $124,910/year and $64.06/hour.

#3. COST OF MAKING DIFFERENT APPS!

i. Facebook:

• Worldwide Facebook is the home of several people and is used to connect people.
• The developers of Facebook work on its features to hence the experience of the users.
• Meanwhile, the cost of developing the website Facebook might be $500,000 approx.
• In the simple calculation, it takes 2,800-3,100 hours to create it costs $130/hour.
• The total cost of Facebook is $364,000-$403,000.

ii. WhatsApp:

• All over the world, WhatsApp is the most popular messaging app.
• It is used for chatting, video calling as well as updating the status.
• Whatsapp cost $150,410 – $192,920 approx. and 1,157- 1,484 hours as well as $130/hour.

iii. Instagram:

• It is sharing the platform of pictures and videos.
• It builds at $84,500-$128,050 and after working on this application 835-1,220 hours it drives up to $108,550 – $158,600.

#4. PEOPLE WHO HELP TO MAKE YOUR APPLICATION

MANY PEOPLE HELP THE COMPANY TO BUILD ITS APP AND THESE ARE:

IN-HOUSE DEVELOPERS:

• They are the developers who work in the office and build the app.
• There is a team to build the app.
• They are called in-house because they work in the office as an employee and also get high paid wages for their work.

REMOTE DEVELOPERS:

• They are part of the company but do not work in the company at a proper desk or cabin.
• They are the developers hired by the company from anywhere in the world.
• The remote developers work from home.
• The salary package of remote workers is less than in-house developers.
• Remote developers also work for less time for a month or till the project only.

SUMMARY

SOME POINTS THAT SHOULD ALWAYS KEEP IN MIND TO BUILD THE COST OF THE APP ARE-

1. PLATFORM: It should be the iOS and Android platforms used in developing any application.
2. RESOURCES: The resources of the app developers are in-house and remote developers.
3. FEATURES: The developer always knows the market and user needs and according to that they should develop the features in the app.

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