Variant 1: Enrolling a resident agency to build your app: local companies’ prices will be higher:a the total startup work is for 400 hours and taking an average rate of $100, you are looking to spend $80k:
you maintain constant communication while supporting highest range quality and making permanent changes with the supreme accountability the cost is exorbitant ($40k for an MVP)
Variant 2: Building an in-house unit for a small full-time IT department in a company to manage both support and development of internal information systems, but it’s quite costly as specialists’ salaries are: full stack developer - $98k/year, iOS or Android Developer - $85k/year, designer - $85k/year, yet, working for equity from the beginning, you can halve spending the budget:
pros: permanently communicating ideas and full involvement of all the team, and managing the full app development process.
cons: quality, accountability, financing, and employee well-being are completely your responsibility; narrow pool of candidates, and longer time-to-market to find each task’ specialists.
Variant 3: Developing apps on outsourcing for large-scale multi-stage projects is advantageous if you are a startup and for MVP at a reasonable price and low risks. Qualitative work from China, Easter Europe or India guarantee skillful development and designing teams ensuring creativity and good product quality. Though there’s a large pool of globally spread applicants, it’s shorter time-to-market.
Variant 4: Enrolling freelancers to test a quick hypothesis / implement a small project with a small budget - on a contract basis or on an hourly basis on platforms like Fiverr, Upwork, Toptal, PeoplePerHour. Salaries are profitable: US - $50/hour, Asia - $15 - $25/hour, Latin America - $20/hour, yet, the minus is freelancers’ unreliability.:
Hint 1:
Research into the data protection policy and the company privacy, together with intellectual property rights beforehand to guarantee your team’s security and personal data protection.
Hint 2:
Opt to select a full-service software development company with a well-deserved reputation and an impressive portfolio to provide you with all the comprehensive resources at every stage of an app creation.
Hint 3:
Meet the developers face to face to find out their app development portfolio, briefly reveal your app project, and ask their opinion to feel sure about their capacities.
Hint 4:
Discover the team’s portfolio and thoroughly study their app templates to clear up their functionality and usability, not to forget uniqueness.
Hint 5:
Decide on your app requirements and learn global technologies for mobile app development to decide on the company.
Hint 6:
Study the clients’ satisfaction by the company and invite your friends/colleagues to test the product.