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:

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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.