At ProjectionHub we have new mobile app developers utilizing our mobile app business financial analysis template every day to try to create some basic projections for potential investors. One of the common pieces of feedback I hear from this crowd is that they don’t know how much it will cost to develop their app, so they don’t know how much to budget in their projections.
Recently I came across a really nice tool to help first time or even experienced mobile app developers get a handle on how much it will cost to develop their app. The Calculator is offered by Otreva and walks you through the process of coming up with a quote for your app.
One very important feature is on the first page their is a button that says “Stats” if you click on that it will show you some really helpful benchmarking data. For example you might be wondering whether you should bother developing your app for Windows Phones, the Stats page can tell you what percentage of developers are releasing an app on Windows Phones.
The Stats page can also show you what percentage of apps have different features like a bug tracking system, user profiles, and payment system.
Once you start to go through the process here are the questions you will need to think through:
- What platforms will the app need to be built for?
- What features will the app have?
- What features will the administrator need to have?
Once you add all the needed features, you will arrive at a total estimated development cost like this: