exploring app development costs and finding the right team
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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
Sourcebits - San Francisco | Bangalore
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
Sourcebits - San Francisco | Bangalore
Development Strategy
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.
INTERNAL TEAM MOBILE DEVELOPMENT FIRM
TIME3 months to recruit and
onboard1 month to evaluate
companies
Sourcebits - San Francisco | Bangalore
Sourcebits - San Francisco | Bangalore
Development Strategy
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
INTERNAL TEAM MOBILE DEVELOPMENT FIRM
TIME3 months to recruit and
onboard1 month to evaluate
companies
COSTS ~ $500,000 ~ $200,000Cost to recruit + salaries
for 6 monthsAverage monthly billing for
time & materials for 6 months
Sourcebits - San Francisco | Bangalore
Sourcebits - San Francisco | Bangalore
Development Strategy
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?
INTERNAL TEAM MOBILE DEVELOPMENT FIRM
TIME3 months to recruit and
onboard1 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
neededSourcebits - San Francisco | Bangalore
Sourcebits - San Francisco | Bangalore
Development Strategy
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.
INTERNAL TEAM MOBILE DEVELOPMENT FIRM
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
Sourcebits - San Francisco | Bangalore
▮Deep talent roster available
▮Proven team synchrony
▮Team with varied experience
▮Can grow / shrink teams as
needed
Sourcebits - San Francisco | Bangalore
SIX STEPS TO FINDING THE RIGHT APP
DEVELOPMENT TEAM
Sourcebits - San Francisco | Bangalore
Set a Ballpark Budget
Identify Services You Need
Evaluate Talent & Experience
Determine Work Logistics
Consider People
Hire Ninjas
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2
3
4
5
6
Find the Right Development Partner
Sourcebits - San Francisco | Bangalore
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
Find the Right Development Partner
Sourcebits - San Francisco | Bangalore
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
Find the Right Development Partner
Sourcebits - San Francisco | Bangalore
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
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