How much does it cost to build a tech product

How much does it cost to build a tech product

You’re a founder or an entrepreneur and you’ve decided to build or rebuild a tech product.

Whether it’s a web or mobile application, or a new cloud computing infrastructure, a question that will be revolving in your mind is:

How much will this cost?

This question is even more ambiguous if you’re someone with a sales, marketing or biz dev background and never built software before.

Start by being clear on the goals for your project.

For instance, do you want to build:

1- A prototype that can be shown to investors to raise funding 

2- A proof of concept to validate the need for the product and gain commitments from potential customers 

3- A minimum viable product (MVP) that can be tested by potential customers

4- A full fledged product capable of scaling your user base

Set a budget for the project 

Now that you’ve set in stone the primary goal of your project it’s time to set a budget for the project and then research software development companies that can deliver on it.

How much do you want to invest in building this tech product?

Setting a budget will help you in your search for a software development partner.

Different software development companies will have different tech capabilities and costs. (link to the previous article) 

At Alidasoft typical ballpark ranges to build a tech product are:

How much does it cost to build a tech product

Many variables such as the chosen tech stack, the availability of pre-built components or middleware, product specifications, how stringent the security or compliance requirements are, etc… will impact the cost and timeline of the project.

Your Reliable Technology Partner

Everything interesting in business lies in fourth order effects and beyond.

Scroll to Top