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Business10 min read
MVP Development Cost Guide: What to Expect in 2024
A comprehensive breakdown of MVP development costs, factors that influence pricing, and how to budget effectively for your startup's first product.
S
Sarah Williams
Head of Business Development
December 10, 2024
Understanding MVP Development Costs
One of the most common questions we get from founders is "How much does an MVP cost?" The answer depends on many factors, but this guide will help you understand what to expect.
Factors That Influence Cost
1. Complexity
- Simple MVP ($25,000 - $50,000): Basic features, single platform, standard integrations
- Medium MVP ($50,000 - $100,000): Multiple features, responsive design, custom integrations
- Complex MVP ($100,000+): Advanced features, multiple platforms, AI/ML, real-time features
2. Technology Stack
Different technologies have different development speeds and costs. Modern frameworks like React and Node.js typically offer the best balance of speed and scalability.3. Design Requirements
- Template-based design: Lower cost
- Custom UI/UX design: Higher cost but better user experience and conversion
4. Team Location
- US/Western Europe: $150-250/hour
- Eastern Europe: $50-100/hour
- South America: $40-80/hour
- Asia: $25-50/hour
How to Budget Effectively
Red Flags to Watch
- Quotes that seem too good to be true
- No discovery phase included
- Fixed price without detailed scope
- No mention of testing or QA
Conclusion
A well-built MVP is an investment in your startup's future. Focus on finding a partner who understands your vision and can deliver quality within your budget.