Vital Factors that determine the cost of MVPFinally, you got a mobile app idea. You have planned everything about it like- what purpose it is going to serve along with its colors, design, UI, fonts, etc.
Before proceeding towards developing an app and hiring the best mobile app development company, keep in mind that there are millions of apps available in the app store and in order to compete with the existing ones, you need to have a great mobile app idea. And the idea should be that appealing enough to make the user use it.
Meanwhile, think that you are serving exactly the same, users are asking for. Isn’t it magic? In this way, it will become easier and quite effective for you to taste the flavor of success in no time while competing with the existing mobile apps.
But how?
The answer is MVP( Minimum Viable Product), it is basically a draft of your mobile application. By developing your mobile app MVP, you can launch it in the market with core functions and functionalities and gather feedback and responses from the real users. By taking the feedback and responses, you can make changes in the application accordingly. And offer users the revamped and advanced version of the application as per their need.
Similar to the cost of developing the mobile application, there are also vital factors to determining the cost of MVP.
Let’s get started to understand how to determine the cost of MVP one by one-
MVP designing cost
The cost of MVP depends upon the complexity of the app design. To evaluate the cost of MVP design is to estimate the user interface to be used.
In order to ensure engaging user experience, it is a must that the user interface should be easy, simple and straightforward to navigate.
Number of features and their complexity
Now comes the need to prioritize and list the number of important features and functionality for every phase of a user’s journey.
The cost of your MVP will also depend upon additional product features and functionality and their complexity. Thus, make sure to cut costs by removing no-so-worthy features and not required features.
Technology stack for the MVP
Identify the technology stack for your MVP process. If unclear about the right tech stack, seek some help from the development team. Always remember, even the slightest mistake in any of the steps can totally ruin your MVP.
Though developers do know the right tech stack but novice developers are still to use the right and appropriate tech stack to make a final call. The right dose of tech stack along with other things can ensure the future growth of the application following by the target audience.
Time is taken to develop your MVP
When you are paying for the whole process of MVP, make sure that the time taken in your mobile application’s first version of it should not exceed much.
The fee charged by mobile app building company generally starts from $10,000 and the amount may vary company to company. Meanwhile, the cost also depends upon the complexity of the project as each of the projects carries its own specifications and features which further influence the budget and time taken to build MVP.
These are the few ways to determining the cost of MVP and there are more in the list to check for. The process of MVP is quite good if you want to offer exactly the same users are asking for. Hence, go ahead, embrace MVP for your mobile application and get ready to make a grand entry in the market.
Finally, you got a mobile app idea. You have planned everything about it like- what purpose it is going to serve along with its colors, design, UI, fonts, etc.
Before proceeding towards developing an app and hiring the best mobile app development company, keep in mind that there are millions of apps available in the app store and in order to compete with the existing ones, you need to have a great mobile app idea. And the idea should be that appealing enough to make the user use it.
Meanwhile, think that you are serving exactly the same, users are asking for. Isn’t it magic? In this way, it will become easier and quite effective for you to taste the flavor of success in no time while competing with the existing mobile apps.
But how?
The answer is MVP( Minimum Viable Product), it is basically a draft of your mobile application. By developing your mobile app MVP, you can launch it in the market with core functions and functionalities and gather feedback and responses from the real users. By taking the feedback and responses, you can make changes in the application accordingly. And offer users the revamped and advanced version of the application as per their need.
Similar to the cost of developing the mobile application, there are also vital factors to determining the cost of MVP.
Let’s get started to understand how to determine the cost of MVP one by one-
MVP designing cost
The cost of MVP depends upon the complexity of the app design. To evaluate the cost of MVP design is to estimate the user interface to be used.
In order to ensure engaging user experience, it is a must that the user interface should be easy, simple and straightforward to navigate.
Number of features and their complexity
Now comes the need to prioritize and list the number of important features and functionality for every phase of a user’s journey.
The cost of your MVP will also depend upon additional product features and functionality and their complexity. Thus, make sure to cut costs by removing no-so-worthy features and not required features.
Technology stack for the MVP
Identify the technology stack for your MVP process. If unclear about the right tech stack, seek some help from the development team. Always remember, even the slightest mistake in any of the steps can totally ruin your MVP.
Though developers do know the right tech stack but novice developers are still to use the right and appropriate tech stack to make a final call. The right dose of tech stack along with other things can ensure the future growth of the application following by the target audience.
Time is taken to develop your MVP
When you are paying for the whole process of MVP, make sure that the time taken in your mobile application’s first version of it should not exceed much.
The fee charged by mobile app building company generally starts from $10,000 and the amount may vary company to company. Meanwhile, the cost also depends upon the complexity of the project as each of the projects carries its own specifications and features which further influence the budget and time taken to build MVP.
These are the few ways to determining the cost of MVP and there are more in the list to check for. The process of MVP is quite good if you want to offer exactly the same users are asking for. Hence, go ahead, embrace MVP for your mobile application and get ready to make a grand entry in the market.