Exploring App Development Costs and Finding the Right Team

Sourcebits Technologies I 39, 41, 42 Salarpuria Infozone I Electronic City Phase 1 I Bangalore 560100 INDIA I www.sourcebits.com San Francisco | Bangalore

Exploring Costs & Finding the Right Team For You

MOBILE APP DEVELOPMENT

Sourcebits - San Francisco | Bangalore

EXPLORING MOBILE APP DEVELOPMENT COSTS

IN-HOUSE VS OUTSOURCED TEAM


Development Strategy

When it’s time to get a mobile application built, companies have two choices:

▮ Recruit and hire an internal team (contractors or FT employees)

▮ Find a mobile development company

INTERNAL TEAM MOBILE DEVELOPMENT FIRM

Sr. Mobile Designer

Mobile Dev

Mobile Dev

QA Engineer

Project Manager

Visual Designer

Mobile Dev

Mobile Dev

QA Engineer

Project Manager

UI Designer

UX Designer

Product Director

ConsultantsSourcebits - San Francisco | Bangalore



Recruiting Takes (A Long) Time

▮ It takes an average of 6 - 8 weeks just to fill a job requisition for a qualified engineer - let alone get them ramped up.

▮ Once you’ve invested a great deal of time (and money) to carefully hire the “perfect team” (if such a thing exists), there’s no guarantee things will go smoothly.

▮ The loss of a key team member, especially when you’re running lean and people wear many hats, can seriously hurt your timeline and budget.


TIME3 months to recruit and

onboard1 month to evaluate

companies




Hiring Costs Add Up Quickly

Some potential hiring costs you need to factor (beyond salaries and benefits):

▮ Advertising your job listings ▮ The cost of running background/

work eligibility checks ▮ Hiring a recruiter and their finder

fees** ▮ Paying employees for referrals ▮ Recruiting event fees (if you attend

them) ▮ Travel expenses for top candidates ▮ Covering relocation costs ▮ Sign-on bonuses ▮ Potential immigration expenses ▮ The time - cost for internal staff

recruiting/interviewing




companies

COSTS ~ $500,000 ~ $200,000Cost to recruit + salaries

for 6 monthsAverage monthly billing for

time & materials for 6 months




Consider the Risk Factors

In addition to factoring the recruiting time, expenses & salary costs of hiring employees vs. an external team, there are 3 other risks to consider.

▮ Imagine if your only designer leaves the team. It might take several months to fill this position again. What would happen to your project and timeline?

▮ We’ve all made a poor hiring decision and had to let go of a recently onboarded employee. Considering the recruiting costs and time, can you afford to make the wrong decision?

▮ You may have a great vision, but the quality of your app is a measure of the quality of your talent. How can you truly vet candidates without working with them first?




companies

COSTS ~ $500,000 ~ $200,000Cost to recruit + salaries for 6 months

Average monthly billing for time and materials for 6 months

RISKS

▮Loss of talent stops progress

▮Misfit hires slow you down

▮Questionable quality

▮Limited team scalability

▮Deep talent roster available

▮Proven team synchrony

▮Team with varied experience

▮Can grow / shrink teams as

neededSourcebits - San Francisco | Bangalore



It All Adds Up

▮ As previously stated, it will take about 2-4 months to build an internal app development team.

▮ The cost just to recruit an internal mobile app development team is substantial. If a project needs to scale up/down or make any team changes, this needs to be covered in the recruitment plan and goes through the process again.

▮ Considering your budget and deadline requirements, hiring a development company like Sourcebits might make more sense than building an app in-house.


TIME

3 months to recruit and onboard

1 month to evaluate companies

COSTS ~ $500,000 ~ $200,000Cost to recruit + salaries

for 6 months

Average monthly billing for time

and materials for 6 months

RISKS▮Loss of talent stops progress

▮Misfit hires slow you down

▮Questionable quality

▮Limited team scalability


▮Deep talent roster available

▮Proven team synchrony

▮Team with varied experience

▮Can grow / shrink teams as

needed


SIX STEPS TO FINDING THE RIGHT APP

DEVELOPMENT TEAM


Set a Ballpark Budget

Identify Services You Need

Evaluate Talent & Experience

Determine Work Logistics

Consider People

Hire Ninjas

1

2

3

4

5

6

Find the Right Development Partner


1. Set a Ballpark Budget

2. Identify the Services You Need

3. Evaluate Their Talent

Consider your budget

Draft a very simple estimate

Contact development partners

!

!

Design and development services

Refine the product concept

Business needs

!

Team with the right skills

Research firm

Evaluate website

Look at the reviews



4. Consider the Work Logistics 5. Consider the People 6. Hire Ninjas

Operate in a hybrid model or straight-up logistics

!

!

!

!

Do you like the people?

Smart and knowledgable

Passionate about your idea

Care about your success

Run the “Beer Goggles” test

Battle for your success

Research firm

Evaluate website

Look at the reviews



Looking for a talented team dedicated to your mobile’s app success? Sourcebits is designed to

deliver results.

!

!

Email: [email protected]: @Sourcebits

Let’s Talk

CONTACT SOURCEBITS

Contact Us

mailto:[email protected]

http://www.twitter.com/Sourcebits

http://www.sourcebits.com/contact







Exploring App Development Costs and Finding the Right Team

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