Ever wondered how much it costs to build a MVP? We answer that question in more detail below and demystify the process of developing a compelling app MVP. Furthermore, we provide a few tips on some of the pitfalls you should avoid.
1. Why The DIY Option Costs More
You’ve decided to build an app MVP but still pondering whether to do it yourself. You may think it will cost you nothing or very little if you forego freelancers or professional development companies. But have you thought about how much your own time is worth? Do you have the technical skills to build a MVP efficiently and complete it on time? And have you considered all the costs associated with designing, developing, releasing, testing, and analyzing data of your MVP?
A competent freelance developer will likely charge you between $ 4,000 to $ 6,000, while a development company will charge you between $ 5,000 to $ 35,000, depending on the complexity of your project. It’s unlikely that you’ll finish your project at a lower price, especially if you don’t have any prior experience.
2. Why Build A MVP Using Professionals
Even if you’ve built an MVP before, you benefit immensely by working with a professional development team. Not only will you have peace of mind that your project will be completed on time, but your MVP will comply with best practices. However, you’ll need to be vigilant about your user testing and quality assurance (QA) processes.
Ensure that your development team is fully collaborating with you throughout the entire development process. And ensure that they’re regularly testing your MVP and that they’re consistently collecting and analyzing data. The last thing you want is the unfortunate scenario where users lose trust in a technology that seemed promising.
3. How To Scale Back An App MVP
You’re likely targeting a niche market with your app MVP. And users in niche markets tend to be early adopters looking for solutions that solve specific problems. Thus, you won’t need all the bells and whistles to attract these users. Instead, focus on the bare minimum of features that your users will find beneficial to save on development costs.
4. How Long Does It Take To Build A MVP
It usually takes between two to four months to develop an MVP. But it can take longer if you’re creating a more complex application. And in most cases, you’ll spend the bulk of your development time building all your back-end systems. Therefore, ensure that your development team has the necessary skills to handle such tasks to avoid unforeseen delays.
5. Why An App MVP Saves You Money Overall
Developing and marketing a mobile application costs a substantial amount of money. But it’s always a huge risk releasing such an application, especially if you haven’t ascertained if it will be successful. That’s why building an MVP makes sense since it allows you to test out your ideas and gather user feedback at a fraction of the cost of a full-fledged application. If your MVP gains traction and receives positive feedback from users, you can entice investors to help you scale your app.
Contact us today to learn how NS804 can help you build a MVP that engages users and impresses investors.