How do I create a budget for app development?
An example of an AI chatbot conversation about budgeting for app development.
How do I create a budget for app development?
Creating a budget for app development involves several key steps. First, define the scope of your app. What features do you want?
I want to include user authentication, a payment system, and a chat feature.
Great! Next, estimate the costs for each feature. For example, user authentication might cost around $5,000, while a payment system could be $10,000.
What about ongoing costs after the app is launched?
Ongoing costs can include server hosting, maintenance, and updates. It's wise to budget around 15-20% of the initial development cost annually for these.
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