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:
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.
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