But what happens once your app becomes available for its users? Does the story end there? No, it doesn’t! A robust app needs long-term maintenance to help fix bugs, deliver a better experience for users, and minimize uninstalls. You as an entrepreneur also need to continue to improve and scale your app to gain more followers and retain the existing ones.

If you’re not investing in app maintenance and scalability, then it could be a reason for your app’s failure and the dreaded app uninstalls.

When talking about the investment in app maintenance and scalability, the most common question that comes to mind is about the cost involved in the process . The expenses include keeping the app not only up-and-running but also secured and appealing to its users. 

In the following article, we will discuss the estimated cost of maintaining an app and the factors that affect the app maintenance budget.

But before we get into that, let’s see how app maintenance is the key to your mobile app’s success. 

Why is app maintenance so important?

Investing in app maintenance saves your application from becoming obsolete. In 2016, Apple removed 50,000 apps from the App Store because of the same reason.

With the technologies advancing at an unprecedented pace and changes in user habits and preferences over time, it is imperative for your app to keep up with the changes. Else, the chances are your app will crash and burn over time. 

If you are still thinking why app maintenance should be a priority for your business, check out the reasons below. 

1. Minimizes uninstalls: Apps that have annoying bugs or crashes often drive users away. Similarly, if an app stops offering updated information and functionalities to users after a while, they will see no reason to use it and may even uninstall it. According to a report by Statista, over 70% of users remove the application from their smartphones after 90 days of installation. An application with flaws or inconveniences pushes users to click the ‘Uninstall’ button.

App maintenance and scalability help to keep your application in good shape by fixing bugs, introducing new functionalities, and solving emerging problems. This, in turn, significantly increases your app’s retention rate. Remember, your active users are the most important asset, and retaining them should be your number one priority.

2. Delivers better user experiences: You don’t just want people to download your app. You want them to have the best experience while using it. Why? 

Because developing long-term relationships with users is the key to your app’s success and growth. And to develop such relationships, you need to offer a unique user experience to them.
Monitoring your app over time helps you understand how your users feel about your app. Also, keeping track of the market trends helps you stay updated with changing customer habits, preferences, and even problems. 

Constantly updating your app on the basis of this data helps you deliver better user experiences. Happier users stay for long, enjoy your app, and leave positive feedback about your app.

3.  Helps stay ahead of the competition: There are millions of apps out there competing to gain users’ attention. And it’s next to impossible for consumers to download and use all of them. To beat your competition and stand out from the crowd, you need to maintain and scale your app constantly. Or else, users will start looking for a better option. Your competitors will definitely take advantage of this situation, and you’ll be left behind. So, maintaining your app ensures you stay at par with or ahead of the competition.

4.  Ensures safety from cyber attacks: With the growth in the number of mobile apps, there’s also an increase in cyberattacks. Therefore, it’s important to ensure the security of your app in order to safeguard the confidential data of your app users. 

With hackers continually searching for loopholes and finding new ways to steal your data and personal information, you can look into app maintenance and update your app with the latest security protocols. 

5.  Increases ROI in the long run: Updating and maintaining your app on a regular basis offers room for maximizing ROI in the long run and decreases the cost of acquiring new users. Once your app goes live, you’ll probably face bugs at regular intervals. Monitoring your app fans out the costs of fixing those bugs over a longer period of time. 

If you don’t keep a check, you might end up facing a technical issue that costs you a lot more. You can also save a huge amount by monitoring how people are using your app over time. For instance, you can eliminate a few unnecessary features that users are not engaging with.

Steps to ensure effective & long-term maintenance of your app

By following the best app maintenance practices, you can ensure that your users continue to have seamless and engaging app experiences. Here’s what you should consider for maximizing the benefits from app maintenance: 

1.  Build your app well from the start: When creating an app, make sure to keep app maintenance in mind from the very start. This means using a functional platform that is easy to scale. Make sure the platform uses reliable and latest technologies that won’t become obsolete as soon as you finish development.

Moreover, you need to invest in testing, including security, performance, and other types of testing. Testing documentation can help you with app maintenance and support later. 

Also, don’t forget to add features in your application that are practically convenient for the users. You can avoid adding unnecessary features to your application that can drive the users away. During the planning stage, your choice for iOS, Android or cross-platform app development will help you determine what features will deliver an amazing experience for your users.

[Also Read: How much does Android app development cost? ]

2.  Take care of scalability: Your app’s structure and architecture should be robust enough to handle any number of users. In order to serve thousands or millions of users at the same time, you may also need to upgrade the features and functionalities of your app. Otherwise, you may quickly lose your new users as well as the money you invested in marketing.

3.  Stick to your development team: If you are working with an app development team, make sure to stick with them. If you hire new developers every time, they’ll need time to get acquainted with your project and learn about the technologies used. 

When your app is maintained by the same team who created it, the process is rather painless and quick. Your developers know exactly what needs to be changed once a new operating system version is out or a new feature is planned.

4.  Make use of analytics tools: Once your app is live, use analytic tools to find out how users are interacting with your app. It will give you useful insights into what features they like the most, and which ones seem unnecessary.  

Adding new features to your app based on user feedback retains them and keeps them interested. Therefore, analytics will help your team to make changes and make improvements where they’re needed the most.

5.  Fix bugs timely: If you don’t keep a check on your app and fix bugs on time, you’ll drive the users away. In fact, accumulated bugs will lead to your app crashing and also multiply your expenses. 

Always keep an eye out for technical issues and bugs and fix them immediately. Keep track of feedback and reviews from users to address any issues or complaints efficiently.

6. Schedule system maintenance: Scheduling regular system maintenance is a perfect solution to avoid missing out on issues or bugs. It also ensures the smooth functioning of your app.  

Also, informing users about the scheduled maintenance beforehand helps them stay prepared for such situations. So when you unexpectedly hit your users with a “System down for maintenance” message, they’ll not get frustrated.

Types of app maintenance services

Application maintenance is a continuous process of updating and re-evaluating existing applications to scale your business and maximize profitability. If you want your business to stay ahead of the competition, you must constantly improve your application, and this is possible via app maintenance services.

A reliable app development company offers different types of services that include fixing bugs, adding new features based on the user feedback and development plan, and much more. Some such app maintenance services are mentioned below. 

1.  Emergency maintenance: As the name implies, this type of maintenance service is required during an emergency – the issues or errors would be sudden and unexpected. You would need to address the issues immediately, offering a seamless user experience.

2.  Adaptive maintenance: This type of service and support aims to constantly track changes in the application to keep the product up-to-date. Many factors can change an application’s environment, including software, hardware, and security threats. So apps that don’t receive regular adaptive maintenance quickly become outdated.

3.  Preventive maintenance: Preventive maintenance services offer a regular app updating process in which developers eliminate the occurrence of errors. The focus is on reducing app complexity and improving the maintainability factor through code optimization, code restructuring, and updation of documents.

4. Corrective maintenance: The main idea of this approach is to take care of the faults, defects, and repairs in the application. The maintenance also includes errors related to coding, design, and application logic.

5.  Perfective maintenance: This approach aims to meet the ever-changing needs of users through maintenance. It takes user feedback into account and takes care of functional modifications in the source code, offering a great user experience.

[Also Read: How much does it cost to build an iOS app? ]

How much does it cost to maintain an app?

Figuring out the exact app maintenance cost can be tricky as it is dependent on several factors that can increase or lower the final price. However, if we talk about the average app maintenance costs, during the first year after launch, your costs of maintaining an app can be 50% of the initial app development cost. 

This may happen due to the numerous improvements you might want to introduce in response to your users’ feedback. Later on, your yearly budget for app maintenance can be somewhere between 15% to 20% of the initial cost. Keep in mind that your app will need maintenance as long as it exists. 

It’s advisable to consult an app development company to get a rough estimate of app maintenance costs and plan your budget accordingly. 

What factors affect the cost of app maintenance?

The final cost of app maintenance is dependent on several factors such as bug fixing and updates, the location of the app development team, and hosting. On that note, here are some factors that you need to keep in mind when taking the cost of app maintenance into account: 

1. Bug fixing and updates: Updating your app regularly can help quickly fix bugs and enhance the UX. The cost of the updates varies depending on several factors such as the complexity of the app and changes in functionalities. Consider your app has a bug that requires a quick fix, then the estimated cost would be around $50.

In case you need to update a functional aspect, it can take a couple of weeks to fix it, and the costs could range from $1,000 to $2,000. As an app owner, you need to consider the maintenance of such facets. You can even consult a professional app development company. The experts can keep a regular check on your app and update it as and when needed at nominal charges.

2.  Hosting maintenance: The app hosting prices and the server costs for apps is another important factor determining the final cost of maintaining an app. You need to consider the kind of server you want for your app and then calculate the costs of app hosting. 

The hosting server costs for apps can range from $70 to $320 per month. This is a rough estimate as it depends on several factors, such as the content, the number of active users, and projected growth.

3.  Analytics: Mobile app bugs, crashes, and other glitches need to be monitored and analyzed, and for this, you need analytics tools like Google Analytics that provide insights to help you make better decisions. You will find plenty of free tools and some advanced tools that may cost to provide critical insights. Using such tools can help you check your users’ preferences and expectations so that you can make quick decisions. 

4.  Customer support: Your app must help users to provide a platform where they can voice their concerns and get their problems addressed. For this, you may consider investing in customer support, which will be an ongoing cost but can have benefits such as valuable feedback from users. The cost of customer support would vary depending on the nature of services provided and measures employed.

5.  Third-party services: While developing your app, you may choose to use licensed technology at a fee. Several apps like Uber and Zomato leverage Gmail account services for seamless feature integration in the app. So if you are using third-party services for your app, you’ll need to pay on a monthly basis. 

6.  App marketing aspect: If you want your app to succeed,  investing in marketing strategies is essential. Implementing communication and marketing tools such as social media engagement, push notifications, community development, etc., are the best strategies to market your app updates adequately.

The marketing strategies and tools used in the process have their individual costs, which are added to the final amount. However, these techniques can prove to be beneficial in terms of the app’s success.

7.  Development team location: The location of your app development team also impacts the cost required to maintain the app. The app maintenance costs vary around the globe. For instance, the cost of hiring an app development team in California is different from app development companies in Texas. It is due to the fact that services around the world vary significantly in terms of quality as well as cost.

Now that we have seen how much app maintenance costs, let’s get into the steps to lower the cost of running an app.

How to lower app maintenance costs?

Costs of developing and maintaining apps are based on different factors. However, developers can use the below tricks to cut down the expenses:

1.  Invest in the right app development platform: While choosing the platform for app development, you have two options. You can either select a native or hybrid app development platform. 

Native apps are platform-specific. This means you will have to develop multiple native apps for different operating systems like Android, iOS, or Windows. However, native apps are generally faster and use less space once installed. These apps also offer better features as developers focus on making these apps for one type of operating system. 

Talking about Hybrid apps, they’re cross-platform. This means you only need to create one app for different platforms. It saves time as well as costs.

2.  Focus on building MVP first: The minimum viable product (MVP) refers to an app with only basic features. Offering unnecessary features can increase the loading time as well as crash chances of the app . So, it is advised to develop an MVP first with necessary and logical features for your users.

Once you receive valuable feedback from users, you can add more features accordingly. Or, you can observe your competitors or trends and upgrade your app accordingly.

For a successful MVP development, you can hire a product development agency that can help bring your product to life. 

3.  Discuss strategy with app development partner: A reliable app development company can offer high-quality app maintenance services whenever needed. You can discuss all the expenses related to app maintenance and development with the experts.  They will also help you to plan your budget and make informed decisions.

How can Appinventiv help ?

Your work is never done after you’ve launched the app. You don’t want your app to go outdated within a few months, especially after all the hard work, time, and money you spent building it.

This is where we come in. At Appinventiv, we not just create innovative apps, but also help in maintaining and scaling them. Our highly-experienced team of professionals keeps a check on your app’s performance, user habits, market trends and latest technology to offer regular and relevant updates, leading to  profitability of your application in the long term.

So, in case, you want mobile app maintenance services or wish to scale your app to the next level, feel free to contact us. Our experts will offer the best maintenance services and help improve your product without any worries!

The post What is the cost of maintaining an app in 2022? appeared first on Appinventiv.

With over 290 million smartphone users in the US alone, it won’t be wrong to say that people prefer ease of access. A neatly planned and crafted online jewelry business app can offer them the same.

In this blog, we discuss some of the key highlights to find out and consider while targeting the jewelry industry through a mobile app.

State of the US Jewelry Market from January 2017 to May 2021

A Mobile App can help trigger jewelry sales

Mobile app development has been in the buzz since it was introduced to the world. A jewelry online shopping app can help buyers browse jewelry before making a purchase. Here are a number of ways that an app can help in:

Global reach

As over 290 million people in the US use a smartphone, your business can have a great chance at getting suitable exposure, right when it’s needed.

An online jewelry business app can give your store immense reach to a wider set of audience. By publishing your mobile app on the App Store and Playstore, your potential for reaching customers will increase dramatically. More reach means more popularity, hence more sales for your business.

Brand building

A jewelry online shopping app helps establish a brand in a cost effective manner. It helps build a brand, helps sell your products, keeps customers close and the process of app development doesn’t break the bank.

Additionally, by appropriately branding your app to the target audience, you can be boosting brand awareness and might encourage some sales or even footfall to your brick and mortar store.

Product listing

A mobile app for your jewelry business can help act as a catalogue where you can list your products and promote them to the target audience. Jewelry is meant to hold a special place in the heart of its owner, thus, having to invest in the development of an app that helps you display your work with the best-handpicked designs for your customers makes the journey all the more satisfying for the customer. 

Increase in ROI

Studies suggest that nearly 90% of the mobile internet time is spent on mobile apps.

This indicates how people prefer using applications over websites on their smartphones. 

Customization of pieces can play a significant role in making customers feel satisfied with the products they buy. A jewelry store app can help generate more business, more sales and greater returns.

Featuring jewelry on a mobile app

The jewelry app development company that you choose should create an Admin panel and a User panel. If you have multiple stores at different locations, a deliverer panel may also help.

User Panel: 

A user panel should have the following features: 

Login/Registration:

Login allows users to log in to the jewelry shopping app with their credentials like email or Facebook to create a profile on your app. The profile helps users access information like order history, received products, and monetary transactions made by them. 

Add to wish list/add to cart:

Users can select the ornaments and add them to their wish list. Then, if they want to buy, they can add it to the cart and proceed to the payment process. 

Store locator:

Jewelry businesses with multiple stores can integrate a ‘locate the store’ feature to help their customers reach their store using GPS.

Customisation and communication:

Customisation feature allows users to add/delete/change/reorder the ornaments according to their requirements.

Order management:

Users can make/ cancel/ reorder/schedule their orders along with the tracking options for the same.

Ratings/Reviews and customer delight:

The customers’ feedback through ratings and reviews can help you in improving the app and the overall quality of the business.

Admin Panel

On the admin panel, include the following features: 

Create/manage jewelry catalog:

The app can have a feature to allow the admin to create catalogues for categorizing various products.

Manage alerts and notifications:

With a mobile app, business owners can promote their business within the app through advertisements. Users can get the latest product notification, delivery notifications on the go through the app. These notifications can also generate invoices or receipts and email for the customer.

Scanning bar codes to add/remove the product:

If a product has been sold, the admin can update its status in the catalog by scanning the barcode attached to every product in the store.

Shipping options:

The customer should easily be able to view different shipping options, as not having a clear idea can make you lose on potential leads and convert them into sales.

History and reports:

The admin should be able to get all the history such as orders placed/canceled/ reordered/ rescheduled, etc. on a customised dashboard to have quick insights into the data without much hassle.

Integrations:

Payment Gateway integration:

Safe and secure payment gateways help users to pay securely. Payment gateways allow multiple gateways such as credit or debit card payment, net banking, cash on delivery and more. Integrate secure payment gateways so that it can generate your international monetary transactions.

Additional jewelry app development features:

Features like AR/VR on your app can improve the buying decisions of customers. 

AR/VR is an emerging technology and can make wonders if utilized in the right direction.

Given the budget, you can use this feature for an exceptional user experience. With AR/ VR, customers can virtually view how the ornament looks on them, or fits them. They can make choices with single clicks and make a sure shot decision without wasting much time.

This feature is a boon as it ensures increased sales and revenue. 

You can also subscribe to bandwidth management software along with your server, to better control how data transfer is handled. If bandwidth isn’t and controlled, you run the risk of encountering poor network performance resulting in a loss of target leads. 

Additionally, opt for a feature that sets metrics and creates both pre- and post-sale reports for a deeper insight into the products and buying behaviour of the customer.

Also Read: How AI & IoT will transform your business

Choose the best jewelry shopping app development company

As the competition is tough among the mobile app development companies, business owners need to choose a company or a jewelry app developer that understands their business and their customers to make wise decisions.

Therefore, it’s advisable to go through their portfolio before you call it a deal. One crucial aspect is the quality of photos. Your jewelry app development company should display high-quality pictures in the app as your business depends on a good representation of the ornament.

Additionally, it’s crucial to find out whether the company prioritises no-code or core app development practices.

While no-code apps may pave an “easy-way-out,” they come with a vast pool of cons that may make them the poor choice for your business.

For example, a no-code mobile app will lack customisation options; the jewelry app developers can not entirely control it. Various elements may need to be purchased even after owning the template; plus, no-code applications are built using different templates and platforms that do not always follow specific development standards.

As a result, hiring suitable talent for managing your no-code application may be a challenge, as not all great development companies may be well-versed with the specific platform that your application is using.

Such challenges do not exist when a qualified development company like Appinventiv takes on your mobile app development project from scratch.

Also Read: Explained: The supremacy of custom app development

Cost for jewelry app development

A basic android app for selling jewelry with basic functions and features can cost somewhere around $50 to $70 Per Hour.

To estimate the cost to develop a jewelry app, one has to consider factors like the platform your business will be on, the e-commerce app or website’s functionality, and the technology stack to be utilised. These aspects can give a rough idea of the cost that can be increased or decreased based on other factors. 

Mobile apps generate quick sales in many cases. App functioning and profit generation are taken care of when your business has an app in place. So the success of your online jewelry business can be much more and also hassle-free.

The post Mobile App Development for Jewelry Industry – Cost & Features appeared first on Appinventiv.

To prove this fact, let’s have a look at some of the stats:

• According to a report by CNBC, Wall Street’s top cannabis analyst believes that the U.S. sales of marijuana will rise more than $80 billion by 2030.
• The global legal marijuana market size is expected to reach USD 70.6 billion by 2028, according to a new report by Grand View Research, Inc.
• As per Business Insider, the legal cannabis industry could skyrocket to $100 billion in the US alone by 2030.

With these facts, we can say that technology and cost are a few of the major contributors to such change. Science, agricultural, digital, and commercial technology advancements have made things easier or even better than before. Understanding cannabis is now a little easier, but there’s still a lot to learn!

So let’s first understand the technology factor that is shaping the cannabis industry.

Technologies Transforming Cannabis Industry

1. Smart Technology For Intellectual Property

Patents can be applied by cannabis breeders who create new strains to safeguard their intellectual property. If the strains were created via traditional breeding processes, they can do this. And apart from that, technology is transforming cannabusiness in other forms as well.

For example, BLOCKStrain, a software firm, assists cannabis breeders in tracking their IP in the same way that cryptocurrency transactions are tracked. It employs cutting-edge technology to store and track Big Data pertaining to marijuana strain genomes.

BLOCKstrain unites traditional cannabis culture with modern crypto-technology to create a smart platform. Its safe and unchangeable blockchain platform ensures worldwide cannabis strain certainty and ownership.

2. IoT Automation

Cannabis plants require a lot of attention to detail and strict schedules due to their temperamental nature. That’s why, to connect to the growing operations and control settings specifically for cannabis, many cannabis farms have turned to IoT technologies, such as agricultural sensors.

Growers may add thermostats, temperature controls, humidity sensors and controls, scheduled watering, light cycles, and more to a connected growing system to assure the best conditions for their plants.

The producers can track their product from seed to sale with the use of IoT systems, which use tracking IDs to identify plants throughout the germination phase and follow them as they grow, are harvested, dried, and sold.

Such meticulous documentation helps the owner to monitor the business and hunt down any issues, all while increasing customer transparency across the supply chain.

3. AI For Packaging & Labeling

Marijuana labeling must include accurate information as well as secure packaging to keep out of children’s hands.

For example, Strain Brain utilizes AI on its website. It offers a cannabis product label that can be customized to your specifications, to contain the details of each dispensary, as well as scientific data and pricing.

Each label includes a QR code that can be scanned with any compatible smart device to obtain information. It’s useful for keeping track of products and giving customers the information they need to choose the ideal marijuana strain for their needs.

4. Seed-to-Sale Technology

For both producers and retailers, this technology has been a game-changer in the cannabis market. Shopify, which is best known for its online retail sales platforms for brick-and-mortar businesses, is now doing the same for the marijuana industry.

For example, the cannabis sector benefits from Shopify’s software-as-a-service (SaaS) cloud platform in two ways:

Retailers may now evaluate data on consumer purchasing behaviors, for starters. Because sales were illegal in many places at first, the cannabis market was dominated by cash transactions.

This makes it impossible to track purchasing patterns. Marijuana sellers can use Shopify’s eCommerce platform to help with ordering and analyzing what is and isn’t working in terms of product or margin.

Second, Shopify’s cloud-based compliance software may help with documentation from seed to sale. It keeps track of the product from the time it is planted until it is sold on dispensary shelves, ensuring that consumers receive a high-quality product.

Make sure you choose a well-experienced healthcare software development company to start with your online business.

5. Real-Time Video Surveillance

Licensed merchants and microbusinesses that engage in cannabis retail sales must use a video surveillance system to record point-of-sale areas and places where cannabis goods are exhibited for sale.

The positioning of cameras at each point-of-sale location must enable the recording of the facial characteristics of anyone buying or selling cannabis, as well as anyone in the retail space, with sufficient clarity to identify identity.

Digital video surveillance systems are used by licensed establishments to effectively monitor and record images of the area under surveillance at all times.

Recreational cannabis has been around for a long time, so it’s understandable that many governments are attempting to legalize it in order to collect taxes from newly established legal cannabis businesses.

Medical marijuana, on the other hand, holds a lot of promise. It can be used to treat a variety of medical ailments and symptoms, as well as a supplement.

The cannabis industry is largely conducted online. That isn’t to say that dispensaries aren’t worthwhile investments.

If you want to invest in a project like this, you should know that these stores make a lot of money.

how to sell weed and make money online? How much does it cost to start a dispensary? This is one of the first questions you should ask yourself. Will this online cannabis seed business pay off?

However, even in the most saturated areas, the surging demand for cannabis provides significant opportunities. Retailers looking to compete with big-box stores should work smart, focus on establishing a positive in-store experience, and invest in cannabis technology that streamlines operations and reduces costs.

How Much Does It Cost To Start A Dispensary?

Selling cannabis online does have similarities to setting up any other online business. You need to set up an eCommerce store with a hosting provider, develop content, create social media accounts for your business, and the list goes on.

There are several ways to be successful in selling cannabis online. Choosing the right platform and building a strong brand presence is critical along with knowing and understanding the cost to develop a cannabis app.

1. Licensing

 Obtaining a license is the first step in starting a dispensary. The licensing process is lengthy and costly, and it differs by location. Expect to go through extensive background checks and pay a licensing cost.

In some states, like Washington, the number of licenses granted by the state is limited, and they can only be obtained by purchasing one from an existing licensee

License is important whether you are running a brick-and-mortar store or running an online cannabis shop, because selling weed online may be legal, but it still has several restrictions.

2. Capital Requirements 

Aside from the license and possibly legal fees, many people are turned off by the industry’s capital requirements. Some states demand proof that you can afford the full cost of running a cannabis business before granting you a license. A local government may require proof that you have enough liquid assets to keep your business afloat in tough times, depending on where you apply for a license.

3. Location

It isn’t hard to find a location for a weed business shop, but it can be costly. Dispensaries can be legally close to a school, church, park, arcade, and/or anywhere else where children are expected to congregate, according to city and state restrictions.

Cannabusiness might cost up to hundreds of thousands of dollars per year to find an acceptable location with foot traffic and parking. It’s critical to spend more money to make the store more welcoming, pleasant, and modern in order to keep people coming back.

4. Platform for E-Commerce

Despite the fact that cannabis is legal, cannabis banking remains a challenge for some. Not all eCommerce platforms are willing to accept cannabis sales for this and other reasons. Fortunately, there are two excellent alternatives.

WooCommerce has worked with Square and Viva Wallet to make payments secure and convenient for users. Shopify is another great choice for all of your cannabis e-commerce needs, and they’ve put together a comprehensive guide on how to sell CBD on their platform.

5. Cannabis Business Cost for Banking

Cannabis’ legal ambiguity creates a shaky relationship with state-licensed enterprises. When banks collaborate with cannabis businesses in the United States, they accept the risk that government enforcement priorities may shift, making cannabis technology-friendly institutions a target.

The majority of banks are unwilling to take on the risk. Others, such as local credit unions, demand a premium for their services and the risk they assume. Some banks charge cannabis businesses thousands in monthly holding fees!

6. Staff Costs

The cannabis business costs to get dedicated employees, which will be a bit expensive!

Human resources have always played a crucial role in the establishment of any business, and a dispensary is no exception. Even if you have a clear vision of how you want your dispensary to run, you will find it difficult to put your plans into action without the help of others.

Furthermore, the cannabis market provides several job prospects; however, the dispensary owner is accountable for handling such operations, which necessitates the expenditure of dollars. It would be advantageous if you had a team of motivated, experienced, and well-trained individuals ready to take the company from startup to conglomerate status.

According to the stats released by MJBizFactbook, the entire economic impact of marijuana sales in the United States in 2021 is predicted to exceed $92 billion, up more than 30% from last year, and upwards of $160 billion in 2025.

7. Day-to-Day Costs & Smart Investments

A dispensary can’t function without merchandise, customers, and employees. Growing your own cannabis in a state that enables vertical integration can cost more than hundred dollars per pound, not including inventory costs for edibles, topicals, and other goods. A crew of budtenders, a store manager, and a master grower can cost thousands of dollars in salary (per year). Finally, keep in mind the costs of insurance, license renewal fees, taxes, legal retainers, and trademark protections.

By investing early in technologies that can improve their operation, a wise cannabis retailer may save time and money elsewhere. Investing some amount in hardware and software, such as computers, an integrated point-of-sale system, and a complete security system, can be a significant initial expenditure, but it could save your company money in the long run.

What’s Next?

Technology has altered many aspects of our lives and made work easier for the majority of us. As time passes, technology will continue to evolve. Although technology has numerous advantages in the cannabis sector, it also has certain disadvantages. There are several possibilities to collaborate with a company but, it is advised to choose the one that has the knowledge of the market like Appinventiv.

There are numerous success stories in the cannabis retail industry. It’s difficult and costly, but the reward for a wise and well-informed business owner is huge.

Hopefully, now you have a better knowledge of what it takes to set up an online cannabis shop. Those who are willing to put in the effort and follow the guidelines have a great chance of succeeding. If you follow simple steps and are interested to discuss more regarding your cannabis business we are happy to help.

The post How To Bring Your Cannabis Business Online: Cost And Technology Perspective? appeared first on Appinventiv.

Well!! Wayfair, one of the best app for home decor shopping is an e-commerce organization for home and décor items that have attracted thousands of customers.

With that said you can for yourself see that nowadays developing an app has become a new trend for business owners.

The reason for the upsurge in Wayfair app development cost is its growing popularity with 19.1 million active users.

Be it gaming apps, entertainment, retail products, ecommerce, and so on, the brands are using apps to increase their popularity and reach customers globally.

As briefed above, the Wayfair mobile app is a useful furniture shopping apps companion that provides a strong ecommerce experience as well as a plethora of tempting extras with the use of technologies like augmented reality. It’s all the website is and more, resulting in a more comprehensive experience that users can’t help but like due to the use of augmented reality app development. 

As per the Deloitte Report, 38% of the companies are making use of AR and VR technology to deliver immersive furniture shopping apps experiences to their customers.

According to some reports, 75% of the global population will be frequent users of AR by 2025.

Here in this blog, we will provide you with how much the development of wayfair shopping app costs, using its features and factors that affect the cost.

Where Is The Wayfair App Used?

Wayfair is the online app for home stuff. It provides the most extensive collection of home décor and furniture across all price points and styles.

It also allows the shoppers to envisage more than six million products from the collection of décor and furniture of the Wayfair. The top-selling items bought on this app include a variety of bedroom décor and furnishing.

Factors Affecting The Cost Of Development Of The Wayfair App

The furniture store apps and their development cost typically involves various factors which are of very much significance. The key cost features of Wayfair mobile app development also differ for its development platform, building strategy, device compatibility, security testing, app functionalities, and maintenance.

Wayfair shopping app has typically put down the groundwork for an innovation that will change a retail’s face, all with the 1st party technology. Creating an app such as Wayfair is also exploring the new 3D scanning technique for digitizing the catalogue of Wayfair for using the augmented reality and virtual 2D rendering and reality. All these functionalities will contribute to making clients make accurate decisions and increasing sales.

Furniture store apps like Wayfair provides suppliers with a portal through which they may advertise their own products, along with specific instructions on what to include, such as close-up photographs of the fabric so shoppers can see what they’re getting and a description of what it’s made of. These particulars are all geared toward boosting customer confidence in their purchase. Vendors, meanwhile, have access to both online assistance and stats to help them improve their sales.To develop furniture shopping apps like Wayfair, it also provides its own advisors.

Leveraging Augmented Reality in App Development

As it is said that good things come with a price. Same goes for the integration of the latest technologies that people enjoy using. Integrating augmented reality into your home décor shopping apps can significantly improve your customer experience. Just like AR VR shopping app Wayfair, users can experiment with apps to buy furniture online properties such as size, direction, color, and so on. They can test the object in various areas of their home to see if it works.

Moreover, with AR mode, customers can

Project 3D models of products

360o move, rotation, and scaling

Room dimensions scanning

Unique AR models with a printed catalogue

All of these features will only serve to help clients make more informed selections and increase sales. Wayfair elaborated on how they employ augmented reality technology to provide the best customer experience in a recent technology blog.

Since we’re talking about user experience, it’s worth adding that the design of your furniture sites like Wayfair buying app is outstanding. No matter how clever an app you create, if it’s difficult to use, it’s useless. It must have an intuitive and user-friendly UI/UX. Not to mention eye-catching furniture photos with 360-degree views and important details, well-organized and rapid search filters make it easier for your clients to shop.

Features Of The App

To create the app build such as Wayfair provides some beneficial features, including billing management, an intuitive search tool, discount notifications, and the simple checkout platform also affect the cost.

It’s basically everything the corporation can sell, presented with a user experience that’s designed to zero in on your preferences before you stop browsing. A curated store is the polar opposite of Wayfair. It’s a limitless marketplace hidden behind a simple website, ready to feed you an unlimited feast of choices until you find anything you want to buy. Let’s have a look at some of the features that makes it different from other apps.

Navigation: The app is designed with straightforward navigation that contains both textual and visual hints from an e-commerce standpoint. Large, clear photos and a wealth of relevant product information, including item name, brand name, price, shipping times, and average product rating, are all found on product category sites.

UI: Wayfair provides an easy-to-use interface with quick access to the home screen and shopping cart. This App has a nice layout that allows trouble-free browsing.

Tools: This App has a built-in search tool so everyone can easily find what you are searching for. You can also search by significant categories, product names, and keywords. Some relevant results will be shown in the grid or list format to allow for more convenient browsing.

Wishlist: Wayfair app for android and iOS allows you to save your wish list in the particular favorites folder, and you can easily organize the favorites by the groups for quick access later.

Checkout: The most important thing about this is that it provides a convenient checkout station. It usually takes a few taps to complete your transactions. Automatically this App can save the billing information for future use.

No matter how much the cost, but there are some must-have features for the users and admin that the store like wayfair app for android and iOS has. Features are listed below.

User Panel Features

• Sign in/signup
• User profile management
• View product catalog
• Push Notifications
• Custom search and filters
• Multiple payment methods
• Product reviews and rating option
• Multiple language support
• Share/ refer products through social media
• Ask questions

Admin Panel Features

• Manage product categories
• Manage store owners and users
• Reports generation
• Payments management
• Shipping and delivery management
• CMS management

Concluding Thoughts

In store like wayfair, shoppers also can easily view the exacting room in the place through the camera, choose a product, and place that in the room to check how it fits or looks in that space. Users can easily change and move products to check the various perspectives and layouts. 

This blog has focused on the incredibly fruitful apps to buy furniture online business plan costing thorough the factors and features. 

Hope you have found answers to what you were searching for. As stated, there are plenty of other factors that are also considered when finalizing the overall cost for developing apps like Wayfair.

The post How Much Does It Cost to Develop a Wayfair Like App? appeared first on Appinventiv.

On demand services have gained a lot of traction around the world, and their popularity is growing. On demand provides services to a wide range of industries, either directly or indirectly. As a result, more people will be willing to contribute their resources, skills, and knowledge to on-demand apps.

The majority of businesses are moving into the on demand application space in order to cover a huge portion of the market. If you’re seeking a good on demand app development company idea for your business start up apps, then this article may be able to assist you. 

Whether you are looking for the best apps to make money fast, or looking for on-demand app ideas, the world has all the answers to entertain you. And in this blog, we are showcasing a few of them. So, before getting started with mobile business ideas let’s have a look at the stats first and then proceed to the best apps to make money fast and look at a few concepts that can be useful for the startup.

As per Harvard Business Review, the on demand economy is attracting more than 22.4 million consumers annually and $57.6 billion in spending.

According to the latest report by PwC, the on-demand apps and websites market will reach a value of $335Billion by the year 2025.

Here’s a list of some on demand startup app development ideas that can help you mint loads and answer your queries for how to develop an app? So, buckle up and let’s get started.

On Demand Business Startup Apps

1. Resume Updater

Certainly, there’s a wide array of editing apps and tools available in the market. However, one of the top app startup ideas is a simple, elegant and effective resume updater.

At some point in time, many of us have been stuck in places where we needed to update our resumes and send them across to the concerned HR, but didn’t have a PC handy.

Situations like these can bring chaos to any peaceful day. And it’s the times like these when anyone would wish for having a feature-rich resume editor/updater on their phone. And fortunately, not many developers have explored such ideas for mobile apps, so the market can yet be tapped.

2. Information About Local Events

Ever went to a place and wondered what fun-filled local events are taking place tonight and where you can find them? The second one of the app ideas on this list is about that.

For this one, you can start with building a database and network of all the local pubs and clubs in an area, connect with them and request updates regarding the local bands or artists performing there each night. In exchange, they’ll get to enjoy footfall and hence you can start charging them after a while.

Apart from that, you may also consider listing other open local events and festivals on this app.

As the app and its popularity grows, you can scale up and expand to neighbouring localities and beyond.

3. Contractors Contacts and Projects Management App

Here’s another potential on demand startup idea. If you know a thing or two about the construction or electrical industry, you may also know that these companies often require a number of contractors to get a job done.

However, managing their contacts and project details on the go can often be a challenge for these businesses.

By creating one of such business start up apps, you can make life easier for managers in such companies. In fact, this can act as their go-to CRM for managing relationships and projects between the company, its clients and the contractors working on different project(s). These kinds of mobile app ideas can help you provide solutions for the everlasting question-how to create an app and make money?

4. Inventory Management System

It is quite often that people owning or managing warehouses or huge stores have a hard time arranging, managing and putting to show their in-inventory products.

While, at first it may sound like a rookie mistake, in the longer run it can cost a store business some heavy profits that they could be making by organising and selling those products using an on demand services app or optimizing your on demand app performance.

Certainly, no business wants to be dealing such damage. For this reason, store and warehouse owners and managers prefer using suitable tools to manage their inventories. By creating a user-friendly and feature-rich business ideas app around this concept, you may be tapping in a huge audience.

For more downloads, users can consider offering a free weekly trial before the user actually finds your tool useful enough to pay for it.

Apart from that, not knowing how to develop an app should not be the dead-end for your business aspirations. A reliable on-demand app development company can easily help you create qualified apps giving impressive results.

5. A Navigation System For Blind People

Impaired vision can make life extremely challenging even when the person is in their home. With that said, the challenges when they step out may be unimaginable for a person with perfect vision. Even walking through a straight ramp can be difficult for a blind person.

However, one of the startup apps on this list may help solve this problem.

The idea is to request camera and speaker access from the blind user’s smartphone, view the objects, hurdles they may hit while walking down the street or inside their house and narrate the whereabouts to the person through the phone’s speaker.

For this to work, it’ll be essential for the user to keep the smartphone in their shirt’s top pocket, in a way that the camera can capture the area ahead of them. Home service apps like TaskRabbit and Handy have become the most profit-friendly sectors of the on-demand sector, and the cost of development of these apps depend upon various factors..

According to WHO, there are over 40 million blind people across the world, and over 250 million are suffering with one or another optic condition. An app like this can help improve the quality of life of hundreds of thousands of people.

6. Invoicing App

While freelancing has long been a popular career option among the gen-z population, it has been adored even more since the COVID outbreak hit the globe.

When a major part of the world is working from home, freelance opportunities have seen a spike in both demand and supply. However, invoicing is still one thing that a huge bunch of talented freelancers may lag behind at.

Although there are a few online invoicing tools, they aren’t as reliable and quick as a person with an on-the-go mindset would like using.

Creating an on demand solutions app that lets freelancers and small companies generate and share comprehensive invoices can do wonders for the person or business looking to know “how to create an app and make money?” and to the individual or business using this app. You can also read about the use of on-demand technology in the real estate market and its growing benefits regarding quick service, instant approvals and so on.

7. On-demand Services App for Fuel Top-up

Ever got stuck with an out-of-fuel vehicle by the roadside? If not, you are fortunate. If yes, you may be able to empathise with a huge number of people who had to spend hours waiting for help to arrive.

An on demand app development ideas project that safely and quickly delivers fuel to vehicles stuck by the roadside can help people overcome such challenging situations with ease.

Plus, this may also help you tap into the neighbouring niches relating to cars and motorbikes, viz., on-demand mechanic or tire replacement services. However, of course, these are all suggestions and the final call has to be yours. 

Wrapping Up

Certainly, there’s a lot of money that one can make by implementing the right on demand app ideas. With the giant growth of the smartphone market over the past decade, the value for on-demand mobile app ideas has also spiked. However, not every idea is profitable, and not every idea can give you a sustainable business.

In this blog, we shared with you a bunch of mobile business ideas app that may produce fruitful results when executed with precision. Apart from this, we also gave you a solution around how to make money creating apps for Android and iOS, without knowing how to code.

If you wish to increase your business market or are thinking of how to develop an app, then it is better to take advice from an on demand mobile app development company like Appinventiv, to guide you through the process. 

Make sure to ask these questions like how to make money creating apps for android, how to develop an app, how to create an app and make money, and so on, before starting your venture, so that you are clear on your aims and goals.

The post Best On-demand App Ideas to Start Money Making Startup in 2022 appeared first on Appinventiv.

And here we are talking about buying or selling things that often get cumbersome.

Before technology was introduced, this task was tough. But now with the internet and online selling apps, it has become easy to handle and deal with. This is the reason why people are going for cash apps and are estimating the cost of app development before making any decision.

People nowadays prefer surfing the internet, rather than visiting the stores to buy or sell the product.

With the increase in this trend these days, business owners are encouraged to list their products or services on various free classified marketplace sites like Craigslist or Letgo.

Classified ads are a cost-effective and easy approach to associate with individuals and customers. It is a great platform to expand and reach worldwide users. This is the reason why everybody wants to develop an app or website like Craigslist which is the main foothold for numerous advertisements.

When developing mobile marketplace apps like Letgo or Craigslist, you should remember that its cost will incorporate the expense of the technologies used, the cost of creating unique and custom features, and the advertising costs.

A Few Bulletins for Craigslist

• Craigslist search application has 700 sites in 70 countries.
• It supports 13 languages, thus people can place an ad according to their choice of language.
• 50 billion monthly page views are recorded in Craigslist.
• 100 million classified ads are posted every month in Craigslist
• The discussion forums receive a maximum of 200 million posts each month.
• Craigslist has an old design since its inception but has gained popularity among millions of sites.

Let’s understand what a craigslist selling app is and how much it costs to develop a craigslist like app. 

What is Craigslist?

The Craigslist Marketplace application is an online marketplace centre established in 1995. It is a website for individuals to post advertisements, purchase, sell, update on the most recent news, book concert passes, and many more. It has also come in the form of apps to sell things– craigslist mobile app for android.

Users can provide their information to enrol or register in the app, and afterward enter the product details and images.

Have you at any point thought about the cost to develop a Craigslist app?

If not, we are here to shed some light for the cost of development.

Cost To Develop An App Like Craigslist

As we discussed before, the expense to develop mobile marketplace apps like Letgo and Craigslist app to sell things is not a big deal. The total expense to create an application relies on the functionality and features of the application.

Such as, if you need an application with advanced features and services, integrated APIs, and many other things, then it will be heavy for your pocket, meaning it will cost you around thousands of dollars. But, if you want basic functionalities for your app then you can develop an application within your budget.

The cost to design apps like Craigslist is dependent on factors like:

• Complexity
• Features
• Tools and technologies used
• Location of Web Development
• Tools and Technologies Used

 Here is a list of some basic features that one should have in the app.

• Easy Registration
• Dashboard
• User panel
• Profile Management
• Multiple Payment options
• Social Media Plugin
• User Management
• Reviews and Ratings
• Push Notifications

Thus if you plan to get an app consisting of the above mentioned features then it will cost you somewhere around $15000 to $20000. If you choose to add the latest and advanced features then the cost may go up to $20000 to $40000.

You can recruit the best web and application development company to make your app secure and easy to use. Hiring a developer from the USA will cost at around $ 40 to $ 250 every hour.

How much does letgo app cost?

The cost of letgo app development depends on:

• The type of the project (desired features and hours needed to build them)
• Technology stack )
• APIs (third-party services)
• Hourly rates of your software development company

All of these points play a big role in the final price. The numbers vary greatly depending on what you choose. The Letgo app cost also depends on the developer’s hourly rates and the location of the hired organization. 

For example, in the US mobile app development prices range from $100 to $250 per hour, while in Europe developers’ prices range from $40-$60 per hour.

The answer to the question how much it costs to create an app lies in the time taken or number of hours it takes for every single development process and accordingly calculating it with the per hour or per person cost.

Moving further let’s have a look at the factors affecting the development cost.

Let Us Look Into the Factors That Affect the Cost

1. Complexity

Not only for marketplace website development but for the wide range of various website and full cycle app development projects, complexity is a vital part in deciding the overall expense. It is because the more complex the project is, the more time your app designers and developers will take to create your project and this will ultimately build your cost. Thus, just like steps for effective software product development is taken, one should be careful while developing marketplace apps.

2. Features

The kind of features you want to include in your craigslist selling app will likewise decide the overall cost of a marketplace website and apps like Craigslist. The more the features the additional time the project will take to complete, thus increasing the time and cost.

3. Tools and Technologies

This is one of the vital factors in deciding the cost of an apps like Craigslist android app. It is determined on the basis of the framework you choose for your website and for which store the app is developed (google playstore or iOS appstore). Also if you intend to integrate technologies like cloud native platform computing, the cost will increase.

4. Type of Development

Regardless of whether you intend to develop your site utilizing a CMS like WordPress or you want to hire an experienced and skilled full cycle product development company, the cost will change. Recruiting craigslist marketplace developers and designers from a top company will cost you more.

5. Location of Development

The region from where you hire developers for online selling apps like craigslist differs a lot from place to place. This is on the grounds that depending on the area the hourly rates of the developers or company is calculated and changes. This further increases the overall cost of development. For instance, Full cycle application development in USA is more expensive than that of other countries.

Parting Note

In view of the above factors, the cost to develop mobile marketplace apps or buy and sell apps will be around $15000 to $20000 for the basic one and this cost goes high in the event that you get extra features.

We can only give an estimate about the cost, but the real expense depends on what features you choose, which factors you work on, and from where the development is taking place. 

The development of applications like Letgo selling apps and websites requires serious investment of time and money. You need to have a clear conscience of what you need and what you want to serve. Based on this, implementing a smart strategy is what you need to have a successful product.

The post What Is The Cost To Develop A Marketplace App Like Craigslist? appeared first on Appinventiv.

However, the answer to this question is not so simple even for mobile app developers.Why? Because there is no fixed development cost of a mobile application. It depends on numerous factors such as:

• Features and functionalities of the app
• Vendor type and their geolocation
• Complexity of UX/UI design
• Inclusion of additional branded visual elements
• Backend infrastructure
• Development approach (mobile web, native, hybrid, etc)
• Number of platforms to be developed (Android, iOS, web, etc)

With the increasing number of smartphone users, entrepreneurs are keen on developing a mobile application for their business. Smartphone users will surpass six billion in 2021 and according to the forecast it is going to grow by several hundred million in the next few years. That’s a lot of numbers!!

Did you know that mobile app revenues are increasing constantly? Here is a fact check to clear any confusion. Global mobile app revenue was 365 billion U.S. dollars in 2018. Mobile apps are projected to generate more than 935 billion U.S. dollars in revenues via paid downloads and in-app advertising in 2023. 

In a nutshell, users download 30 apps each month. It is safe to say that investing in app development budgets is the need of the hour irrespective of the size of your business. 

Keeping the above two factors in mind, in this article we will discuss:

• Cost of developing an app: ballpark figures
• Ways to find out your app development cost estimate
• Build your app in budget by understanding your app type

Cost Of Developing An App: Ballpark Figures

As you already know, the cost of developing an app with a mobile application development company depends on the app’s complexity, features, and the type of firm hired to do the job. 

Clutch surveyed 102 app development companies to determine the cost of building a mobile app. Below is the average minimum app development project size and cost survey. 

According to the survey, the average minimum app development project is between $5,000 to $10,000. However, the typical cost to create an app is likely to be far higher. Let’s look into mobile app development cost estimate figures:

• The cost of developing a simple app for one platform is approx $60,000.
• Mobile app development budget for a basic app like Dominos varies from $60,000 to $150,000 per platform.
• Cost of mobile app development for a complex and multi-feature app like Instagram, Facebook, Uber, etc starts from $300,000.

You must be wondering about the timeline to build an app. According to a report by Outsystems survey, over 80% of mobile apps take 3 plus months to develop an app. However, 40% of apps are built in 6 plus months as they are more complex. 

Ways To Find Out Your App Development Cost Estimate

While figuring out the cost of mobile app development you have to understand that mobile app development companies charge their clients using these two methods:

1. Fixed charge

This approach can be used when the scope of work is absolutely clear and works well with smaller projects. The biggest advantage of this option is that the cost of mobile app development is fixed with the client before the development process begins.

2. Time and effort based charge

This approach highly depends on the time and effort that is needed for a particular project. Hence, the cost estimate is calculated based on an hourly rate. The advantage of this approach provides flexibility during the app development process and is more suited for more complex and ongoing projects.

We highly recommend the time and effort based approach. We understand that this may leave you a bit uncertain and anxious but, by using this method you will have more flexibility. Not only will you have an initial project estimate, but also the ability to change the scope during the development process. This will help you to control the app budget and build an app that your target audience resonates with the most. 

Also, there is a simple formula that one can use in order to find out the mobile app development cost estimate. All you have to know is the hourly rate and total app development time. The formula for calculating app development cost is as follows:

We can conclude that the development cost of a mobile application and its timeline is influenced by your app idea along with business and functional necessities. It also depends on the industry for which the app is developed. For example, the development cost for the banking or finance industry is different from other industries like automotive industry development cost or home services apps and so forth.

Build Your App In Budget By Understanding Your App Type

As mentioned above, the cost of developing an app relies on various factors – the type of application, technology used for app development, app features and functionalities, business model and app level- basic or complex or a perfect blend of both. Here we are going to discuss your app development budget based on the app type.

Note: All app ideas and projects are extremely unique. The app development budget mentioned below is to give you a proper understanding of how to build your app on a budget.The budget or cost of designing mobile apps and developing the same depends on various scales.

1. Basic apps

A basic app can easily function without network access and server components. Such apps generally consist of five to six screens in total. For example, the calculator app on your mobile has a very clear purpose and can be used without internet connectivity. 

Budget: $5,000 to $15,000

Timeline: 4 to 6 weeks

Example: Camera, clock, local audio or video 

2. Data driven apps 

Data-driven applications function with the help of network connections. These apps consume only specific information. No verification or login access is required in these apps. These apps also require back end work so the cost for such apps increases. For example, the Weather app uses third-party API information. 

Budget: $7,000 to $15,000

Timeline: 6 to 8 weeks

Example: Maps, Stocks, Calendar

3. Authentication apps

In order for these apps to function, they need a user to log in. Users will have a personal account and will be able to interact with data. The mobile app development cost increases since there are many subordinate features required. Authentication app is an ideal option for those who are planning to develop an app that can be accessed by sign up procedures. Also, we recommend a one step log-in procedure using social networks like Facebook, Twitter etc. 

Budget: $10,000 to $60,000

Timeline: 3 to 6 months

Example: Google drive

4. Social networking apps

There is no denying the face that social networking apps are the major dominants of the mobile app industry. These apps allow users to interact with each other via instant messages and share images, texts, or videos. Hence, the back-end framework should be planned in such a way and in such an intent that it seems like vast data is processed.

These apps generally function on a minimum viable product scenario. For example, Instagram originally was an app with square shaped photos. Now, the app includes videos, reels, stories and live interaction sessions. We suggest that MVP approach is ideal for any project at the start. 

Budget: $50,000 to $300,000

Timeline: 3 to 9 months

Example: Facebook, Instagram, Twitter

5. On demand applications

On-demand apps are supposed to meet specific requirements of their users. Such apps are highly in demand and are built for platforms- android and iOS. Uber is an on demand app that is being used worldwide. These apps require login information and allow users to chat and call. 

Another example is the on demand home-services app development that has to look into various factors for cost like the technology used, team members, features to include and so on.. 

Budget: $50,000 to $100,000

Timeline: 4 to 8 months

Example: Zomato, Uber, Ola

6. E-commerce apps

E-commerce apps can be used after logging into them. These apps have extensive product catalogues, separate product pages, wishlist and a cart where the user purchases products after completing the payment. check-out system completed via payment transaction. Such apps require a well maintained admin panel and back end team to look into payments and inventory details. 

Budget: $50,000 to $300,000

Timeline: 4 to 9 months

Example: Amazon, Shopify, Myntra

After understanding mobile app development cost with app budget, you should be pretty confident about how much your app idea will cost. 

Final Words

As per the Industry studies so far, the cost to develop an app ranges from $5,000 to $500,000 plus. Hence, it is safe to say that the development cost cannot be predicted right from the very beginning. Information like the complexity of the app, features and functionalities, design requirements, platforms and development approach is vital to any project. It is best to reach out to a mobile app development company USA that can help you turn your idea into reality. 

Frequently Asked Questions

What are the costs of developing an app?

Based on the up to date industry surveys, the cost of developing an app fluctuates from $5,000 to $500,000. The exact cost will vary as per your requirement. 

How much does it cost to develop a mobile app 2021 or beyond?

If the requirement is of an application with a core set of features, the cost will be around $60,000. On the other hand if the requirement is of a complex mobile app then it will start from $300,000.The table below portrays the estimated range of costs to build an app with the timeline.

How do you create your own budget for an app?

Stepwise process to create your own budget app is as follows:

Step-1: Do your research and understand your competition. Figure out how your product is different and better?

Step-2: Hire a mobile app development company.

Step-3: Understand the hourly development rates

Step-4: Start small with MVP and use simple app design 

Step-5: Monitor and be involved in the process. 

Step-6: Ask for a detailed project estimate.

The post Understanding The Mobile App Development Budget By App Type appeared first on Appinventiv.

MeWe’s CEO, Mark Weinstein, in his Wall Street Journal op-ed, wrote, “MeWe is a full-featured social network engineered with privacy-by-design that’s freemium-based with no ads, targeting or news feed manipulation. Marketers and election meddlers cannot target or boost anything to anyone. These are significant competitive differentiations.” Weinstein also adds that, “It’s gratifying to see MeWe flourishing worldwide. MeWe is the uplifting social network with the features people love, and the respect, control and data privacy we all deserve.”

Technology is taking social media by storm, let’s see the most buzzing social platform that is taking the internet and individuals into a completely new and safe arena.

Moving further, let’s read in detail what is MeWe, how to use MeWe and who owns MeWe?

What is MeWe App?

MeWe is a social media network based on a subscription model that focuses on privacy. The MeWe site terms itself as a ‘Next-Gen Social Network’ by providing users an ad free experience. 

It has become extremely popular as a business-focused product that takes enterprise networking and communication to a completely new level. 

Who owns MeWe? The application was founded by Mark Weinstein, an entrepreneur who considered himself as one of the early developers of the concept of social media. As of now, the MeWe free app has millions of users and is thriving as a popular privacy-focused alternative to Facebook.

Earlier, Weinstein launched a company named Ello, and based on the challenges he faced during that time, he learned several lessons that allowed him to shatter the social media dominance of Facebook. 

Although the platform is free to use for personal users with several features like 8 gigabytes of storage, customized stickers, voice and video support, and newsfeed, enterprises are required to pay $1.99 per month to access additional features.

Now we know what is MeWe app, how to use MeWe and what is mewe used for, let’s move on further to discuss why there is a need for MeWe app development.

Why There is a Need for MeWe App Development? 

It’s a no-brainer that Facebook is the most dynamic and popular social media network that has dominated the social cult ever since its initial launch. From job postings to community management, it includes a myriad of features that keep a user hooked and engaged to the app. 

However as they made changes in their privacy policy, a lot of people started realizing that their privacy is being compromised by the platform. 

According to their most recent update, Facebook has employed an algorithm that observes your behavioral patterns and deciphers them to serve you manipulated content in the application. This makes it more of a target-based platform that displays content as per your past preferences and choices. 

In the wake of WhatsApp and Facebook data breach controversy, people are looking out for new social media platforms that are safe and secure. MeWe, a US based social network has come to the rescue and becomes the top downloaded social app in the Play store. MeWe free app for android and MeWe free app for iPhone has led to the increase of new users in the apps counting to more than 2.5 million users.

With the help of MeWe app development, you can keep your privacy protected by preventing targeting, ads, and political biases. You can check MeWe reviews to see that the app is gaining a lot of popularity among people.

Essential Features in MeWe App Development 

If you take a look at several social media networks available, you will notice that there are certain common features that each of them share. To be able to determine the cost of MeWe app development, you need to consider keeping these essential features in mind. 

Moreover, as you introduce other specific features to your application, you will notice that the MeWe app cost will definitely bump further. With that said let’s take a look at some fundamental features required while developing the MeWe app: 

What you get with MeWe?

• Profile creation 

Your application needs to provide users the ability to express themselves through their personal profiles. It includes allowing them to enter their personal details such as name, address, website, email, birth date, and even mobile number. 

• Authorization 

A proper authorization mechanism acts as the foundation block of the privacy and data of your users. Therefore it’s certainly a must-have feature in your MeWe application. It involves letting users signup and login in to your platform through their phone numbers or email addresses. Additionally, it also requires a password recovery and reset mechanism, some security interventions, and several other features. 

• Messaging 

As you’re trying to make MeWe social media platform you surely need to ensure that your users have a proper communication channel. Moreover, in addition to simply sending texts, you may also need to add the ability to send media files such as messages, videos, and stickers through chat. The development cost may even vary depending on whether you want to allow your users to have group conversations or not.

• Search function 

To make the usability of your application easier for users, you need to include a search function that allows them to access the profile of their friends, communities of their interest, and posts they find engaging. 

• User interface 

Apart from the crucial features, the design of an application is certainly one of the most important aspects because that’s what makes your creation unique. This may also be the costliest part of your MeWe social media app development process. While getting the user interface designed for your application, you need to make sure it looks attractive and provides an aesthetic feel to your users. 

How is MeWe different from Facebook and Other Social Media Platforms? 

Unlike other social media apps, MeWe social app has a different concept which does not replicate every other social media site. The MeWe creator’s intent is very clear when it comes to marketing the platform, as it has been directly indicated in interviews that MeWe social network app wants to be the alternative to Facebook.

This most likely clarifies why the site attempts to imitate Facebook’s UI. Users can offer thumbs up, hearts, and smiley icons to posts. They can share their posts on their different feeds. There are user profiles and separate pages, and groups feature for individuals to assemble around a particular theme or topic. MeWe social network reviews are also mostly positive. 

The below image will show you which are the top categories and apps used by users.

Determining The Development Cost

When you’re developing an application like MeWe, it’s evident to say that there’s no specified cost associated with it. The expenses that you may incur depend on the functionality, complexity, and comprehensiveness of your application. 

Moreover, if you’re outsourcing the development part, the MeWe app development cost becomes majorly dependent on the social media app development company you hire. On the other hand, if you have an in-house team of social media app developers, you need to keep their salaries in mind while determining the estimated development cost of your application.

Additionally, as you keep adding more features, the costs will keep piling up. It’s also worth determining the total number of hours required to complete the development phase of your application, in case you hire social media app builders on the basis of hourly payment. Therefore, make sure you keep all these things in mind while determining the social media app development cost of your MeWe social network application. 

The Takeaway 

As Facebook made changes in its policies and tampered with its user’s privacy, people began looking for safer and more privacy-oriented platforms. This calls for the need for MeWe application development. While making an application like MeWe, you need to consider several things such as core features, UI design, and a lot more. 

Additionally, to determine the costs associated with the development of this application, you may also need to consider several aspects like mode of development and required time. Hopefully, you may have found this guide helpful to come up with an estimated development cost for your application. 

Still if you have any doubts regarding what is MeWe development costs, or are finding difficulty in hiring a social media app development agency in USA, just contact us.

FAQs

Q1. What is MeWe?

MeWe is the quickly developing high integrity social networking site with every one of the social features that individuals love alongside no promotions, no ads, no targeting, and no news feed manipulation.

Q2. Which devices is MeWe available on?

MeWe is available on devices that include: iOS, Android, and Desktop.

Q3. What content can I share on MeWe?

At MeWe, you can securely share images, recordings, memes, videos, documents, voice messages, Dual-Camera MeWe’s chats, GIFs, doodles, disappearing content, stories, and, much more. You have the option to communicate one on one and in private groups with your contacts, family, colleagues, friends, and in open groups with other MeWe individuals with whom you share a common interest or hobby. MeWe has numerous open groups. Due to these features, MeWe reviews are good on Play Store and App Store. 

Q4. Is MeWe Safe?

So, is MeWe safe? Privacy and security is the essential focus in all that MeWe does. At any time you can download all of your content and erase your account which totally deletes all the content and posts you have shared on MeWe.

MeWe doesn’t use any cookies, face recognition programs, spyware, and no GPS beacons. They don’t gather your information or offer your data with any third-party sites except if you, yourself, request it, for example, on account of associating through Facebook, Twitter, and so forth to invite friends or to join MeWe.

Q5. What are some unique features of MeWe?

MeWe has many features, some of them are:

• My Cloud
• Unique profiles
• Voice integration
• Dual-camera videos
• Universal tagging
• Permission control

Q6. Is MeWe app free?

MeWe is free to join, but some of its features do cost money. The free services include newsfeed, private and groups and group chats,voice messaging, and more. 

Q7. Who owns MeWe social media?

MeWe is owned by Sgrouples, a company based in Culver City, California. 

Q8. How to download videos from MeWe app?

On Android, tap the photo or video, select the three dots in the top right and then select Save. On iOS, tap and hold the photo or video. 

The post How To Determine The Cost of MeWe App Development? appeared first on Appinventiv.

The one element that has made this growth projection possible is the presence of well-functioning P2P payment apps. 

Today, we are going to dive into one such application that has been pushing the payment ecosystem towards greater success – Square’s Cash App. We will be looking into the many facets of how to determine the cost of Cash app and the features of Cash app that make it the next revolutionary product of the Fintech domain. 

Before we dive into the Cash app cost of design and development, let us look into some statistics highlighting its rising demand.

Key Statistics Around Cash App

• Primarily at the back of Bitcoin trading, the Cash app has generated over $5.9 Billion in revenue in 2020. 
• Over 36 million users work around the Cash app every month, while it has over 100 million downloads.
• There are over seven million users of the application who uses the Cash app debit card
• Cash app has made a profit of around $1230 million in 2020. 

The flattering stats you read above are the doing of the multiple features set that the application comes with. The feature sets determine the cost of p2p payment app development like Venmo or in today’s case Cash. 

Must-Have Features for Cash P2P Payment Wallet App

There are a number of features that should be considered when you build P2P payment app. But we look into the list of must-have MVP features, the list that comes up is fairly crisp and of absolute necessity level.

Let us look into some of those must-have features when you develop P2P payment app. 

1. Multiple accounts type

Cash is one of those few P2P payment applications that provides the feasibility of offering benefits for both businesses and individuals. It comes with feature-sets and profiles that are customized according to both the acquisition rate (in your fintech app) and  user segments, which in turn is a great way to increase the user retention.

2. Multi-factor authentication

Cash app, like every Fintech application, keeps security at a prime position in the fintech mobile app development process. Thus, you should enable the app users to log in through multiple ways – email, SMS OTP, and biometric authentication.

3. Link bank account and cards

The fintech app developers give users the ability to link their cards and bank account with the application in a completely safe environment. The Cash app too offers people the option to add multiple cards and bank accounts in-app. 

4. Peer-to-peer money transfer

It is the essence of P2P payment based fintech app development. The application should be made to provide a real-time transfer of money between the users and the people in their contact book. You should also add the option of making QR-based or contactless payment possible for the users. 

5. In-app wallet

In order to make transactions extremely convenient and real-time, you should integrate the functionality of an in-app wallet. The wallet should also have the option to make QR-based payments, send money to contacts or to any bank account. 

6. Cash Card

The Cash Card is like a Visa debit card which can be used for paying for services and goods from the Cash App balance, both in stores and online. Although it is not a must-have feature today but, with the growing demand for Apple Cards and Cash Card, the concept is poised to become the next must-have element of P2P fintech app development services.

7. Cryptocurrency trading 

Like Cash Card, cryptocurrency trading is another feature that is soon becoming a must-have element for P2P finance app development. New-gen entrepreneurs can now plan to add an in-app wallet feature inside the application to make their apps future-forward. 

While these are just 7 key features of Cash app that make it truly unique and must have, there are a number of other features as well. But what is important to note here is that, irrespective of which feature-set you end up using, your P2P fintech application development process should be built on a security-first approach, especially when you have statistics like these all across the P2P payment apps. 

How Does Cash App Ensure the Application’s Security? 

The Cash app consists of a number of security elements that are designed to prevent fraud and hacks. 

• A security lock based on PIN or TouchID
• Real-time notification of activity 
• Two-factor authentication
• Instant freezing of card spending if the users lose a card. 

Now that we have looked into the different facets of cost to develop P2P app like Cash, the next part would be to get you the answer on how much does fintech app development companies usually charge to create P2P app like Cash. 

How Much Does it Cost to Build a P2P Payment App Like Cash?

Like every mobile app development cost estimate, four key factors contribute to the overall price quote. 

• App features
• Mobile app design 
• Team size 
• Location of the agency. 

When we talk specifically about the Cash app, copying the same feature set will prove to be on a higher side. So what we recommend is to create an MVP. This way, you will be able to test the market before creating a full-fledged application. 

Our Fintech software developers advise that entrepreneurs must create a plan of features that they would like to have in the application. On the basis of that, we can fix the resource and technological capabilities, which in turn would decide the P2P app development cost. 

Now that we have reached the end of the article, let us throw some light on how you can earn money at the back of your Cash app before you follow the final step standing between you and your version of the Cash app – contacting our team of Fintech app developers. 

How Does Cash App Make Money?

1. Cash App charges 2.75% per transaction from businesses that accept Cash App payments.
2. It enables users to expedite the transfer from Cash App to the bank account at the back of 1.5% Cash app fees. 
3. Cash app charges users fees of 1.76% on every bitcoin purchase – this is one of their most profitable business models. 

The post How Much Does Square’s Cash Like App Development Cost? appeared first on Appinventiv.

Marketplaces like OpenSea, Rarible, Superfarm, etc. have become the epicenter of funding and high revenue – A sign that every business model that NFT is touching is turning into gold. But what makes the NFT marketplace the epicenter is the fact that it hosts multiple NFTs – meaning the source of revenue that it opens is much greater than direct NFT creation and selling. 

While the pieces around NFT development and the cost it incurs are weeding across the internet, we are going to dive a bit deeper. In this article, we are going to look into the cost of NFT marketplace development and what blockchain enthusiast entrepreneurs need to know when they enter the space and develop NFT platform.

Table of Content

What is an NFT Marketplace?

What to Know Before You Set Off Your Plans to Build an NFT Marketplace?

How Does an NFT Marketplace Works?

The Must-have Features for NFT Marketplace Development

Frequently Asked Questions

How Can Appinventiv Help You Build an NFT Marketplace?

What is an NFT Marketplace?

The important element of knowing how to create NFT marketplace is to know what it is. An NFT marketplace is an online marketplace where creators sell their non-fungible virtual products and the buyers procure them by using cryptocurrencies like Bitcoin or Ether. The marketplace charges a transaction amount every time an NFT is purchased off their platform. 

After the NFT is purchased, the buyer gets a token which is a unique identifier that contains proof of ownership and information about provenance, author, and authenticity. 

In case you are looking for a primer on NFT, head on to our article – What is NFT And How Does It Works – A Detailed Guide.

Now as we know how to buy NFT tokens and what is NFT, let’s discuss the top NFT marketplaces:

The top NFT marketplaces

Now that we have established how expansive the NFT marketplace is becoming and where to buy NFT, there are some things that every NFT marketplace development company wants you to know before you get on the track of development.

What to Know Before You Set Off Your Plans to Build an NFT Marketplace?

Non-fungible token standards

Standards are the driving force of an NFT. They guarantee that the asset will act in a specific way and showcases how to interact with the asset’s basic functionalities. 

At present, there are two standards that are commonly used for creating an NFT:

• ERC721: The standard uses mapping of unique identifiers to the addresses that represent the owner of the identifier. It offers a permissioned way of transferring the assets using the ‘transferFrom’ method. 
• ERC1155: Under this standard, the IDs do not just represent one asset but a class of assets. Compared to the ERC721 standard, this is a lot more efficient. Here’s how. Suppose a user wishes to transfer 100 armors, the blockchain developers, in the backend, will have to modify the smart contract state for 100 unique tokens. ERC1155 enables developers to call only transferFrom with 100 quantities. 

Non-fungible token metadata

In the NFT space, there is a concept called ownerOf. It offers a way to look up the owner of an NFT. For example, when you search for ownerOf(290491) on ABC NFT’s smart contract, you can see the owner of the token 290491 is XYZ – this information can then be verified on marketplaces like OpenSea. 

But how do OpenSea like platforms understand what item 290491 is and what are its unique attributes? This is where the metadata comes into play. Metadata offers descriptive information for specific token ID such as pictures, descriptions, or any additional traits. 

Besides the nomenclatures, there is one thing that every first-time entrepreneur struggles with – knowing the legal documentations for building the best NFT crypto platform. 

Legal documentation for building the best NFT marketplace

• Company formation 
• Terms of service 
• Community standards
• Privacy policy
• IP consideration details. 

How Does an NFT Marketplace Work?

NFTs, as you must know from our NFT guide article, run on smart contracts. Every token has a set of unique information recorded in a smart contract and a blockchain to provide security and immutability. 

The working of NFT goes with these simple steps:

Step 1

Usually, all the NFT marketplaces work on a common flow. The user signs up on the platform and installs a digital wallet where they store cryptocurrencies and NFTs. They then create their collection by displaying the work and choose the payment token they’d like to accept for their digital item. 

Step 2

The next step is either selecting a bid for the auction or keeping a fixed price. When an item is listed, a transaction is created which launches a smart contract for the user’s wallet.

Step 3

Once you approve the platform’s collection moderation request the NFTs appear on the list of sales where you can then accept bids. 

In return for the work that the platform does for transferring funds and NFTs, the marketplace charges some fees on the selling amount. 

Now that you have the prerequisite knowledge of the NFT marketplace space and its working, let us come to the engineering side of one of the trending blockchain development solutions. The entire cost of it is dependent on the NFT marketplace features set it contains – information which we will be looking into in the next section.

How Much Does It Cost To Create an NFT?

We’ve arrived at an intriguing question that everyone wants to know the solution to: how much does it cost to build an NFT marketplace? Or what is the cost of NFT development?

Well, everything is dependent on the amount of work required. For example, the cost will be reduced if you choose to use a ready-made solution that is ready to use.

Starting an NFT marketplace with a popular clone script will save you money and make it more accessible to startups and entrepreneurs. An exact price can’t be told without knowing the requirements and specifications, however the fundamental elements of the NFT marketplace clone script usually costs around $100K -500K. Again, this is not the fixed amount, but just an estimation. 

The price may increase depending on the customizations you need to meet your business needs. If you want to build your own NFT marketplace from the ground up, then the cost for that will be higher than the ready-made solution.

The platform functionality follows the same pattern. You’ll have to spend more money on marketplace development if your requirements lead to a complicated platform (one with dynamic features that haven’t been done previously). Not only the platform but also the tools and technologies used, they too determine the cost. As it is said, the more the merrier, but everything comes with a price and the price with extra additions will surely be more.

Now we will discuss the must have features for NFT Marketplace that cannot be ignored.

The Must-have Features for NFT Marketplace Development  

1. Storefront – The section of the marketplace provides users with information around the article: details, owner, bids, price history, etc. 
2. Search functionality – The platform must support category tagging and management functionality which would make it easy for the users to look for collectibles that they are willing to buy.
   
3. Create listing – This feature of the marketplace is centered around the sellers. The platform should allow users the feasibility to create listings where they can add in their NFT details. 
   
4. Auction and Buy – An efficient NFT buying system is a must-have part of the NFT marketplace development services. You should give users the option to add bid amount, expiration date, and a watchlist showing details of the bid’s status. 
5. Wallet – Your users will have to make use of wallets for sending, receiving, and storing NFTs and cryptocurrencies. You can either create your own wallet in-app or integrate existing wallets inside the application to make the experience frictionless. 

While these are the must-have features of an NFT marketplace, there are a number of other features as well such as the ability to create NFTs, multi-payment gateway integration, etc. Entrepreneurs have the option to merge NFT platforms, NFT crypto platforms, and NFT trading platforms – all in one space. 

Considering the wide spectrum of the NFT feature range, it can be extremely difficult to allocate a price range when you build an NFT marketplace like discussed. What we advise is that you contact our team of Blockchain developers and let them brainstorm and then share the price range with you. 

Frequently Asked Questions

Q. Can I create my own NFT?

Ans: Yes, you can create your own NFT with 5 simple steps.

• Choose the form of your NFT
• Set up your digital wallet 
• Choose your NFT marketplace
• Tokenize your art
• List on the marketplace

Q. Can we tokenize anything to NFT?

Ans: Yes, practically everything can be tokenized to NFT. Anything that a user is prepared to offer and that has a distinct feature. That will almost certainly increase its value.

Q. Which is the most popular NFT Marketplace platform?

Ans: Here are some of the most well-known NFT platforms leading the race.

• Rarible
• Open sea
• SuperRare
• Foundation

How Can Appinventiv Help You Build an NFT Marketplace?

Now that you know the working and the features of the NFT market, the next step is to connect with a blockchain development company in USA that can help you convert your idea into a highly profitable marketplace with their custom NFT marketplace development specialization. 

Having developed NFT marketplaces, we understand the space inside out. We can offer you the options of both: building a custom NFT marketplace or developing one which is based on OpenSea SDK. In addition to the marketplace, we can also help you with the creation of NFTs that are specific to your brand – as a way to expand your revenue model. 

Irrespective of what your business idea is, we are here to help you turn it into a revenue-friendly reality when we develop the NFT platform. 

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