In this guide, we will show you everything you need to know about how much to create an app, so keep reading!
Below you can find out 5 different methods much to create an app,
- Method 1 – How Much Does It Cost To Build An App?
- Method 2 – How Much Does It Cost To Build An App?
- Method 3 – How Much Money I Made From Building An App | Passive Income Side Hustle
- Method 4 – How Much Money I Made From Apps In 2020
- Method 5 – How Much Money I Make From My Apps In The App Store 2019 | Passive Income Generating Games
Method 1 – How Much Does It Cost To Build An App?
So how much does it really cost to make an app i think that question has been asked like five. Gazillion times right and i think anybody whos gonna ask me that question again im just gonna refer to this. Video so in this video im gonna break down the exact strategy to calculate the cost of your app and. Launch it in the most cost effective way so stick around till the end of this video and hey if.
Youre just meeting my name is arsing im a growth strategist for entrepreneurs and i help you launch and scale. Your business using mobile apps if youre watching this on youtube and not yet subscribed consider subscribing it and theyll. Icon so that you get notified whenever a new video comes out and if youre watching the sensory consider following. Or liking my page all right so lets actually go to a whiteboard and break it down for you so. That you get the maximum value out of this video okay so lets dive into this right now and i.
Get this question all the time that is how much does it cost to create it now and ill tell. You right off the bat there is no magic number instead there are multiple factors at play to determine the. Cost of now entrepreneurs have spent anywhere from five thousand to five hundred thousand in order to build an app. That they want but dont worry not all apps are created equal some are simple costing less and others are. More complex so how do companies calculate the cost of an app here is the typical way used by app.
Dev companies to calculate how much your app is going to cost and lets take a look at that right. Now so the way they do it is by calculating and please do not mind the its been a while. Since ive actually written something anyway so they look at the cost and they look at the hourly effort and. Multiply that with the hourly cost so this is this is the formula that is typically used by most app. Division sees one is that how many hours are they going to be spending on that specific feature in order.
To complete it and then multiply that what is their hourly cost lets take an example to break this down. Even further lets think that you have an app which has five core features in it all right so lets. Say feature one two three four and five you know this is what the app dev companies would think off. Is that how much time how many hours would they be spending on each feature so lets say that its. Gonna take 50 hours to do the first feature and its gonna take 40 hours for the second one 70.
Yards for this hundred hours to do the fourth feature this is lets consider this is a complex one and. Lets say 80 hours to do the fifth feature so thats roughly around lets say 3:40 yeah lets me let. Me write that a little better so thats roughly or thats not even better anyway so you get an idea. Right so its 3:40 now if we take two different companies and two kinds of hourly rates into account then. This is how much your app would cost to make lets take a look so the company one is going.
To be charging lets say $50 in our and the company two is gonna be charging 120 dollars in our. Now considering that its gonna take 340 yards for your app to be built lets take a quick look at. That so 340 into 50 it would cost you seventeen thousand dollars if you go with the company number one. Considering that their hourly rate is 50 but not saying that cheaper is always the best option but were just. Taking that as an example lets take a look at the company number two forty thousand and eight hundred dollars.
So thats the company number one is gonna charge you seventeen thousand dollars to fill your app the company number. Two is gonna charge you 40 thousand eight hundred dollars and the reason for that is because their hourly rate. The hourly cost is substantially different that theyre charging at $50 per hour and theyre charging at 120 dollars per. Hour this is behind the scenes how they typically calculate the cost of your tap right so this is for. A simple app which has five features a complex app might take roughly around lets say 1500 hours for the.
Development and the cost for that would be lets take a quick look at that as well so 1500 with. 50 thats 75k wow thats a really bad writing but anyways gets the message across right so if we look. At it for the second company 1500 into 120 thats gonna be 180 k right so thats the difference for. Two kinds of apps two kinds of companies these are the numbers that you come up with so with a. Complex app its gonna cost you 75,000 with company one company a and with company b its gonna cost you.
One hundred and eighty thousand dollars but now the question is that how do these companies define their hourly rates. Right so why his company is charging 50 while company b is charging 120 dollars all right so lets talk. About some of the factors that impact the hourly rates the clearest distinction between the hourly rates difference is going. To be based on location the cost will vary greatly if you go out to a company which is based. All of us versus that company which is based out of ukraine or india you know the average cost of.
A company which is based out of u.s. Is roughly around 150 dollars if you go to europe thats gonna. Cost roughly around hundred dollars if you go to australia another 120 to 150 range and in india it is. Around you know starting anywhere from $20 to $80 depending on the quality so a basic app in india might. Start at lets say ten thousand dollars and a similar app in the us might be roughly at around you.
Know 50 k or 70 k the second factor which will impact the cost of your app is going to. Be the platforms the number of platforms that youre considering for your product if youre going with just android or. Just ios the cost would be different but if youre going for both the platforms the cost will differentiate it. Also differentiates from going with the native app versus a hybrid application the third the most important factor would be. The number of features like we took a look at this the example is that one two three four and.
Five features all of them had a different hourly effort based on which week alkalete the total hourly effort right. So the features that do you want people to sign up using a social platform or just an email or. Phone number or all of those factors and then do you want to add any location-based services do you want. To integrate a payment gateway would your app involve streaming multiple languages adds chatting or offline mode so all of. Those factors will play a huge role in defining whats going to be the cost of your app you know.
The number of features the complexity the number of integrations they all play a major role in defining how much. Effort would be spent in building your app and then in turn will actually impact the cost of your application. The fourth factor which plays a huge role is the design aspect of your application do you want a bare-bones. Design or do you want amazing beautiful modern premium designs the the user interface and user experience driven apps they. Definitely stand out but they come at a price tag the visual complexity leads to more effort both from back.
And and front and hence leads to your app being more expensive the fifth factor is team and experience the. App division sees usually have different hourly rates based on different skill sets each member like a developer tester or. Designer or a solution architect will have different hourly rates in a decent sized company youll typically have anywhere around. Four five up to eight people working on a single project these are the five major factors that impact the. Cost of your app but you should also consider other factors like maintenance cost infrastructure cost you know its important.
To make sure that you have a maintenance contract post release so that your app is future proof against any. New updates by the operating systems which might just leave your app useless if not handled properly in terms of. Infrastructure your consideration towards the server selections and database selection or any major integrations with erp or crm all of. These will actually add up to the cost of your app alright now lets talk about the two cost effective. Ways to build and launch your app the number one is mvp minimum viable product start with a limited set.
Of features yall call competency what is that one feature that provides the maximum value to your users start with. That and then build slowly apps like amazon uber facebook instagram they all started as an mvp with a limited. Set of features and look at those brands today and the number of features that they have so start with. An mvp the second approach is the sas approach now you may not find a sas option for all kinds. Of apps out there but there are plenty of subscription-based platforms out there today in a sas environment the service.
Provider will basically host the app for you they will run it host it maintain it and update it and. All you have to do is pay a small fee to set up your account or a small monthly fee. Whatever their monetization strategy is so explore a few options see what works best for you based on your research. And then take action do not get stuck in the research loop alright now so if you found this video. Helpful smash that subscribe button hit that bell icon so that you get notified every time theres a similar video.
That comes out and make sure that you drop a comment below and let me know what you think of. This video and what is it that you want to watch in the next video do not forget to share. This video with a friend who might find this information useful and that that being said i will see you. In the next video.
Method 2 – How Much Does It Cost To Build An App?
Note – This section will be updated soon.
Method 3 – How Much Money I Made From Building An App | Passive Income Side Hustle
I built a mobile app several months ago and it has been live on the google play store ever since. Then and now im going to see how much money i made in the last four months from that mobile. App okay so its loading right now and it says i have made hey everyone fintech here today we are. Going to look at how much money i made from building a mobile app in 2020.
I documented the process. Of building this app in the first two videos that i released on this channel you can go back and. Watch those if you want but fair warning theyre not the highest quality since they were my first videos but. There is a lot of information in there to give you a quick summary of what this app did it. Was basically a vocab app for studying for the gre now if youve taken college admissions tests like the sat.
Or the act in the united states the gre is kind of like that but for graduate school for this. App i basically created a dictionary of words from scratch i built the ui using flutter and i used a. Back end in aws once i built the app and had the basic functionality working i then proceeded to monetize. The app by adding two different types of ads to the app the first were banner ads which would appear. On the bottom of the page while you were studying the different vocab words the second were full-page interstitial ads.
Which would pop up every once in a while while you are interacting with the app now i tried to. Put these in areas where i felt like they wouldnt be disruptive to someone studying but in general they do. Fill up your whole screen so theyre going to be more eye-catching than a banner ad i just wanted to. Call out the two different types of ads that i used because once i actually look at the admob console. Which shows how much money ive made its going to break down how much i earn from each ad unit.
Type now i realize that just throwing some ads into an app is not the best way to monetize and. In my earlier two videos i talked about some other ways that i would like to monetize in the future. For example selling vocab expansion packs or maybe selling a version of the app which takes out the ads another. Good option could be to get users to create user accounts using their emails so that i could then push. Different offers to their emails i also could add push notifications into the app itself to keep user engagement high.
Ive wanted to make these improvements for a while but ive just been too busy between work and making youtube. Videos that i havent really gotten around to it maybe if this video gets enough engagement ill go back and. Add some of these different changes but let me know what you think in the comments and i guess now. Is as good a time as any to remind anybody whos watching this to please subscribe if youre into these. Kinds of videos around 92 percent of people who watch my videos arent subscribed and yet theyre watching multiple of.
My videos in a row so if you enjoy this kind of content just go ahead and subscribe itll be. Easier to find in the future once i see exactly how much money ive made from each type of ad. Unit i can then go ahead and calculate my cpm or cost per mile this basically means how much is. Each ad paying me per 1000 times its shown to somebody i can also use this data to maybe optimize. The ads a little bit better maybe i show the banner ad a little bit more or a little bit.
Less or maybe i show the interstitial ad more additionally i can potentially use this information to decide if its. Worth advertising my app to other places it costs money to get users to download your app in the first. Place but if youre not making enough money from the app per user its not really worth it so that. Would be interesting to look into so thats pretty much all the background lets now dive into how much money. Ive made from these ads and i can do this by looking it up in the admob console which ill.
Do right now okay so i have here the google admob console pulled up i dont really expect too much. In terms of earnings for the last couple months because google only pays you out when you make over a. Hundred dollars and i havent been paid out yet so i know im at least under the 100 threshold i. Also havent looked at these statistics since a couple days after setting it up just to make sure it was. Working so i really dont know exactly what to expect let me sign in okay so its loading right now.
And it says i have made zero dollars this month so lets go to reports to look at this over. The entire time period okay now lets check how much i made in the last four months so i set. Up a filter to look at just the footer and the interstitial ad unit and oh my god so for. The footer i had 106 impressions and i made 57 cents for the last four months and so for the. Interstitial that full page ad that pops up i had only seven impressions which made me a grand total of.
One cent for a total of earnings of 58 cents over the last four months so clearly i need to. Monetize better okay you know what lets see if i can see how many active users i have let me. Go to the google play console it looks like i have six active users right now with four of those. In the united states one in iran and one in rwanda well of the four in the united states at. Least two of them i think are my old phone and my new phone and then im guessing the other.
Two are probably my mom so shout out to my mom and my big fans in iran and rwanda for. Using my app okay so there isnt that much data to work with right here but we can still use. This to get an estimate of my cpm so all we have to do is we have to take the. Estimated earnings divided by the number of impressions i have and then multiply by a thousand to estimate how much. I would have gotten paid for a thousand impressions so if i do that for my footer ad im actually.
Getting a cpn of around five dollars and 38 cents which is actually really high for just a small ad. That appears on the bottom of the screen i wonder if thats just because i have so little data that. It seems higher than it really should be but when i looked online it looked like most of the banner. Ad cpns were around one dollar so this is five times higher than that so then for the interstitial if. I do the same calculation so one cent divided by seven times a thousand so for the interstitial im getting.
A cpm of around one dollar and forty three cents which is actually lower than most interstitials that ive seen. Online it looks like most of those online paid between three and 350 or maybe four dollars so thats interesting. Im getting paid way higher for the footer than i would expect and a lot lower for the interstitial granted. Theres not much data here so it might just not be that accurate so what did we learn today well. First off i guess we learned that nobodys using my app but thats kind of expected i didnt advertise it.
Anywhere i also learned that in its current form it would be a huge waste of money to try to. Advertise my app because it would cost me way more money in advertisements to gain users than i would get. Back from having more users in the app im only making around 10 to 15 cents per active user on. My app and when i look up how much money it costs to gain an active user on a mobile. App it looks like it costs around 3.50 on average to get a user to register and more like 70.
Dollars per user to get them to actually buy an item in the app so imagine if i paid 35. To get 10 more users and i would only earn a dollar fifty from them it just wouldnt make any. Sense so if the app isnt good enough to advertise in its current form that leaves me with the question. Of should i try to better monetize the app now i would do this by adding in-app purchases creating user. Accounts and using push notifications if this is a project youd be interested in seeing me making a video or.
Probably a series of videos on let me know in the comments it would definitely be a pretty big chunk. Of work and i would only want to do it if people are actually interested in the process at this. Point im still totally on the fence on whether or not i would actually go forward with this i also. Originally built this app in such a way that it would be easy to make a version for the iphone. So that would also just be a little bit extra effort to make an iphone version so that would also.
Be a future improvement that i would make maybe then i could make a video comparing iphone and android user. Monetization i dont really know im just throwing out ideas but again let me know in the comments if youd. Like to hear any more about this project or if youd like me to take this project further in the. Future with that said i hope you enjoyed this video if you did make sure to leave a like and. If you dont want to miss out on any future videos like this in the future make sure to both.
Subscribe and hit the notification bell ill see you next time.
Method 4 – How Much Money I Made From Apps In 2020
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Method 5 – How Much Money I Make From My Apps In The App Store 2019 | Passive Income Generating Games
Whats up guys for those of you who dont know my name is bailey and on this channel i post. Content on how to earn extra income through dropshipping affiliate marketing reselling and many other ways in this video ill. Be going over how much money i earn within a one year time frame from all my apps that ive. Posted to the google play and appstore without any further ado lets jump into the video now little background when.
I first started college i was majoring in computer science and i wanted to create an app that would allow. Me to make a lot of passive income like flappy bird did however the classes that they offered at the. University didnt teach you how to make apps so i switched majors and after i switched majors i was figuring. Out ways how to create this app without knowing how to code a ton so i found this website where. You can buy templates of code that is already created and you can just change the assets and the images.
And all the small minor things inside the application it was really simple to do this and i was able. To create two applications with using templates the templates costed about $100 or so sometimes theyre a little less and. It was really easy to change all the assets and change how you would want all the characters and all. The sprites and everything you wanted including the background and music and everything like that so i created a game. Called cute climber its been about a year now since ive released that app and i wanted to show you.
Guys their earnings that you can make after you create an app and leave it up on the app store. To see how much money you can earn with little to no advertising im gonna go ahead and pull up. My phone screen as an overlay for you guys so that you guys can follow me right now and then. My google admob account google.
Conclusion – How Much To Create An App
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