How Much Does MVP App Development Cost ?

How Much Does MVP App Development Cost ?

There are different ways to build MVP freelancers for your startup, manage your own development or hire a software development company. However, each option requires the investment of time and money.

By hiring a good company with a team of experienced developers, the offer can be between $5,000 and $50,000. The price range varies according to your needs and budget. All you need is to choose the right MVP developer to bring agility with MVP development services. Development companies tend to provide valuable feedback and details on the development process.

Productivity Tools Market: Industry Leaders

Trello for Robots is free, has a rating of 4.5 based on 82,048 reviews and over 5 million downloads. Google remains one of the most popular productivity apps for Android, with over 500 million downloads and over 800,000 reviews with an average rating of 4.5 stars.

Evernote for Android has downloaded more than 100 million times and has a 4.5-star rating based on more than 1.5 million reviews. The ios version of the app is #68 productivity.

OmniFocus 3 is available on iPhone, iPad and Apple Watch devices and is rated 4 stars in the App Store.

Todoist for Android has over 100,000 downloads and a 4.5-star rating based on more than 1.75 million reviews. The ios version is #93 productive and enjoys a 4.8-star rating.

Reasons to Invest in MVP

A viable minimum product (MVP) is a proven and true software development approach. It helps startups evaluate the market and refine the idea to ensure their success after commissioning.

  • Saves you time and money — instead of putting all resources at doubtful risk, you need a month and a small fraction of the investor’s money to get a proof of concept and reduce risk. The lowest possible product cost is affordable because you focus on the key feature set and leave the fantasy later.
  • Provides instant feedback — The mobile analytics plugin allows you to evaluate the UX design and the most commonly used features. This data, along with comments, will help you build the final version of the application and make it perfect before it starts.
  •  Emphasize performance and security issues — You can evaluate selected technology stacks and security practices with a limited number of users. If you are building an MVP, you have time to fix bugs and improve the application, but the reputation is not compromised.

Types of MVPs

1. A prototype

This is the first thing that appears after you decide to create a product. A prototype is an interactive model that shows how your future application will work. It’s worth funding.

A prototype can be used primarily to bet and test your business ideas based on real needs. Instead of spending a lot of money (which you may not yet have) In a large full-featured application, you can use a simple interactive model. Or you can show it to developers and discuss their ideas for possible technical solutions. The prototype price starts from “own free” up to $5,000, depending on the complexity of the project.

2. Minimum Product Available (MVP)

This is the version of your product, which contains main features. it’s just the basic functionality that the application really needs to work. Business assumptions, you can understand what the real user says. You can make important decisions: what features to add or remove, what funds you need, etc., or you can see if your target audience is selected correctly.

IT experts almost agree that it’s better to start with MVP instead of building a fully functional product at once. MVPs have nothing complicated and take months to develop.

3. The first version of the product

If your MVP turns out to be successful and you have your first user, you can add the required features and launch the first product version. It’s not perfect yet, but it’s fine. Prices for available products can start at $40,000.

For example, if you need a prototype, or you can switch directly to MVP. Especially if your funds are limited. Call us and we will advise you.

Design and Development Cost of an MVP

The cost depends approximately on the number of features of the product and its complexity. The trick is to figure out what is really needed.

To do this, it investigates its target audience and develops business requirements. What is the problem with the user? How can the app help them solve this problem? Is there a similar solution in the market? What technical features are needed to get started? How is an application from a competitor different? so you can detail the user’s journey and explain functionality from the customer’s perspective. This will clarify the set of features you and your development team need.

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