How Much Does It Cost To Develop A Social Media App?
One of the most asked questions by businesses is how much does it cost to create a social media app. So, the average cost of designing an application like LinkedIn, Tumblr, and Facebook, can range from $15,000 to 50,000+ depending on app types, elements, features, design, complexity, and software development.
From Twitter to LinkedIn and Facebook to Instagram, all have become a social sensation that is booming the internet these days. Furthermore, with the projection that social media users will reach 4.6 billion by 2025 from 3.6 billion in 2020, it is fair enough to surmise that social media applications will take the world by storm. So, the existing social media platforms have revolutionized the way people communicate these days. And they are becoming an integral part of everyday life.
Cost of A Social Media App
In calculating the cost of a social media app, it is important to factor in three fundamental elements. These elements include; the complexity of the app, features, and the operating platform. The first level of complexity is the simple social media app. This level has embedded app features such as sign-in, text messages, profile editing, and push notifications. In addition, it provides access to in-device features like camera and storage. The simple social media app uses a single-platform operating system and costs $15,000+.
The medium app entails the following features: profile editing, sign-in, push notification, user profile, sharing stories, and video sharing, and costs $20,000+. The advanced social media app entails superior app features like text chat, voice notes, video sharing, push notifications, and more. The advanced app utilizes a cross-platform operating system and because of this, it costs $25,500+ on average.
Minimum Viable Product Cost
According to the best practices of mobile app development, it is important to start your project with a minimum viable product. The MVP will help you see whether your product meets the market demand because users interact with the minimum viable product. It provides an overview of how effective your marketing strategy is. The minimum viable product provides much output from the least input. As a result, developers and app owners can see the potential benefits, costs, and expenses of the social media app long before it is developed.
After determining the cost of the MVP, you can proceed to coordinate your marketing and development efforts with the results obtained from the MVP study. Essentially, an app MVP is a great tool for reaching out and keeping in touch with your intended audience.
This leads us to the question: So, if you build a minimum viable product for a social media app, how much will it cost?
Well, the cost will depend on a combination of factors like the set of features you want to implement. These features include; technology stack, deadline, project design, and the operating system. A simple ten-screen app is likely to be cheaper than a ten-screen application with a complex design.
Features of a Minimum Viable Product
Research shows that a minimum viable product with a basic feature set could feature the following functionalities:
- Sign up
- Private messages
- Post feature
- Personal profile
- Comment feature
So, as you embark on your journey, remember that creating a successful app is not easy. Luckily with app development experts like NS804, you can take your shot. The world has witnessed small ideas materialize into great apps, your story could be similar. Visit NS804, your app development partner, to know how much it costs to create a social media app.