Defining and quantifying the mobile app development costs is the first step to for your mobile application development budget plan. It can be divided into two types for the costs: fixed and variable costs.

Fixed costs are almost the same over a period of time and how much product development finishes. The cost of space renting for a period of development or MacBook expenses for development are 2 fixed costs.

Variable costs are unstable with the workload. In particular, the cost of the outsourcing app developer is an important variable expense, which can vary from $70-$300/ hour and bases on your project complication. You can sometimes hire a developer with the skills, qualifications, or experience not enough to complete the job as expected. Or it happens that there is a mistake of project planning, and it expires the time planned. This is why your calculated mobile app development costs is inflated by 20%, especially if you hire outside developers. I doesn’t differ a lot, but if you find you have to expense more, it won’t be so surprising cause there is already a budget approval.

All the potential material and non-material costs is what you need in order to develop an app, in which rent, developer’s fees, education, and equipment are material costs and non-monetary costs such as your own time, failure risk, and “opportunity cost”. Estimating these costs is complicated, but at least it is better than none.

Calculate the most realistic numbers you can for each column. Certainly, it’s not easy being absolutely accurate, but shown actual figures is priceless. If you are going to learn to build an application yourself, it can take from $97 per class to $500 for the entire course for online programming.

Before going for mobile app development, you should consider if the profits would pay off all your expenditures, including your time, effort, production costs, app publishing, and marketing.