Pricing for building bespoke software products
Pricing – Money matters! Spend it wisely! We help build bespoke software products on budget and on time, all in a cost-effective manner.
Factors Impacting Bespoke Software Development Pricing
Technical Complexity
If your software projects are scientifically complex, it would add a lot to your software cost. Complexity could be a real-time collaboration between users of the app, video functionality with no lag, process flows with a lot of dependencies etc.
Features & Functionalities
The number of features you want is the biggest cost driver. Screens, buttons, fields involved, and the amount of logic required can cause the custom software cost to change drastically.
Third-Party Integration
Integration with third-party software systems such as payment gateways, maps, ERPs, or CRMs affect software development costs. Some of these integrations are straightforward but others can get complex and time-consuming for the software developer.
Custom Design
Custom user interfaces are rather complex to implement for the development team, so the cost of a custom interface will be higher than the cost of an interface built from standard components or with no design at all.
Components of software development costs
There are four major cost components for custom software development, and each one carries a different weight in the total pricing. Each component plays a critical role and is essential for a successful product development effort. Below, we provide a rough idea of the cost distribution for these major factors, particularly based on fixed-pricing projects. By understanding this distribution, you can better allocate resources and plan for a successful outcome.
Average pricing of custom software
- Small project: $10,000 – $35,000
- Medium-sized project: $40,000 – $65,000
- Large project: $70,000 and above
Advice: Phase Aproach
Most software development companies adopt an iterative process, allowing you to avoid doing everything at once. Therefore, we recommend choosing a phased development approach for your custom software.
You can begin with an MVP (Minimum Viable Product) that includes only the essential features necessary to test the market. After launching the MVP, move on to Phase 1, which incorporates additional important features based on user feedback. Moreover, you can add further phases as needed, adapting to the evolving requirements of your project.
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