Comparing Development Firms
Some of the largest app-focused firms, the “big boys” if you will, won’t give you the time of day if your budget is not at least $500,000. We have heard prospects tell us they were given quotes for $900,000 or more and those were just ballpark estimates provided within a quick, 15-minute discovery call.
A somewhat typical budget at netGALAXY Studios for a v1.0 buildout in 2015 was just around $150,000. The total spend per customer was often higher than that because our customers continue to have us design and develop new features, month after month. All of those apps are either integrated with an API or required a server to be built. We see very few apps that are actually standalone. In 2015, we built zero standalone apps. In 2014, we built 2-3 custom apps.
As shown above, we’re not the highest in industry by far. We do try to make referrals to peers who are smaller than us, that we know do great work. Because of their size, they may be able to do similar work for 40%-60% the cost.
||$150K – $1M
||$150K – $450K
||$50K – $100
Why not just Hire a Freelance Developer?
While hiring a freelancer will probably save you a buck in development costs, you may also risk losing the accuracy and quality of the work. Without an established agency that has a strict process and consistent quality controls, freelancers can easily get by with inefficient work ethics and habits and a lack of consistent efforts and availability. Unless catching a lucky break, hiring a freelancer will most likely lead to an end product that won’t match its original footprint.
Think of building an app as you would think of filming a movie from scratch. Budget and motivations are key components, and your dedication to the task at hand will be of paramount importance. You will be putting as much effort into a one-dimensional app as you would when scraping together a casual student film. On the other hand, if you’re working on the next world-changing app, the time and power invested in the product will resemble that required to roll out the next summer blockbuster.
When employing all these resources and energy into the product… wouldn’t you want to rely on a company whose entire day is dedicated to you as opposed to a freelancer who constantly deals with other clients as well?
Funding Your Project
We understand that it can be difficult for most to gather the funds needed to bring an app to market. We are happy to offer 6, 12, 18, 24 and 36 month financing plans to help defer some of the cost until you really get up and going. Our plans will include fixed fee based on the monthly option you choose and if you pay it off early, you do not pay the remaining months fee. Click here to learn more!