The use of mobile apps is increasing as people find them convenient and easy. They have made life easier as you can do your shopping, pay utility bills, and even get medical advice from the comfort of your home. Nowadays every company has an app as it makes it easier to connect with its customers.
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What is an MVP app?
An MVP is a variation of the final product. It stands for a minimum viable product and has the bare minimum features that are integral to the function and core of your idea. Launching an MVP app is considered a strategic move for startups. An MVP app helps in collecting important and relevant data that will help in making a profitable future investment. It makes it possible to get the user’s reactions to the features and purpose of the app. It is an excellent way of validating the app and preventing any major failures.
Here a few points that will help you understand the nature of an MVP app:
- It is a fully functional app and only has essential and basic functions.
- Developing new features in phases as it will not put too much pressure on the available funds.
- It helps in developing smart spending tactics so that you have adequate funds for developing the second phase of the app.
- MVP is a complete product that goes through some changes as you can add new features with time.
As per the reports, nine out of ten startups fail due to spending funds too quickly.
Why you need an MVP mobile app?
Developing an MVP is worth it because it gives a chance to test the strongest features of the append check customer responsiveness for those features. Customer feedback is crucial because it can assist in improving user experience.
An MVP mobile app has the following benefits to offer:
- An opportunity to test potential risks
- Save money by avoiding unwanted costs
- Spending resources wisely instead of wasting them on a single aspect of an app
- Get honest and real feedback from users
- Reducing business risks
- It can help in pitching app ideas to potential investors
Check: MVP development services
Cost of building an MVP mobile app:
The cost of building an MVP is only a fraction of what a complete app costs. If you have developing skills then you can easily develop an MVP for a mobile app. The cost of developing an MVP depends on a variety of factors. Here are some factors that impact the cost:
Choice of the developer:
One of the most important factors that determine the developing cost is the choice of developer. Developing a mobile app even an MVP requires programming skills. You can hire in-house developers, outsource the project to a reliable IT company, or hire a freelancer.
If you hire a freelancer then the cost of MVP mobile app can cost you between $10/hour to $200/hour. The rate is determined by the experience and skill level of the freelancer.
Hiring an IT company is an quite expensive option as compared to a freelancer. More importantly, IT companies are trustable than freelancers. IT companies can charge from $3000 to $20000 for an MVP project with quality work.
If you do not have an idea of how much an MVP mobile app project costs then you can contact IT firms and freelancers and get a quote.
Check: Hire ios app developer India
Design of the product:
The design of the product also impacts the cost of the project. The cost of MVP mobile app increases with the complexity of the app. Complex apps are not easy to and they require good developing skills. To get a rough estimate you should calculate User Interface (UI) that you have chosen and add it to the cost of the initial design. Choosing a simple UI keeps the cost low and ensures a good user experience.
Check: Hire UI designer India
The number of features you decide to add to the MVP mobile app can tell you how much the project will cost. More feature means more developing time which ends up increasing the cost. It is important to be clear about the type of mobile app you are developing because it will help in determining the must-have features for the app. The developers should include all the basic and must-have features in the MVP mobile app.
Choice of technology:
The cost of developing a mobile app MVP is determined by the technology you use for the project. It is possible to save time by coordinating the pre-tailored solutions and develop an MVP. It is better to avoid using native codes in a hybrid environment to develop features as it adds to the eventual development cost.
Determining the cost of a mobile app MVP is not an impossible task. By weighing important factors you can easily determine the cost and get the results you are looking for. A minimum value product is critical for laying the foundation of a successful mobile app. Once you have an MVP mobile app. You can release the MVP and get valuable feedback from the target customers. The feedback is crucial in making the required improvements.
For more information about MVP mobile app development contact us.