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How Much Does It Cost To Build A Social Media App?

Social media – a term that almost everyone from the millennial generation to baby boomers love and roam around all the time. If not more at least for 2 hours and 27 minutes a day for sure. Also, some stats by Global WebIndex showcase that more than 58.4% of the world’s population uses social media on regular basis.

Nowadays, social media platforms like Facebook, Instagram, Linkedin, and Twitter are something more than just connecting people worldwide. The realm of intuitive features is here to transform it into one of the leading advertising platforms. The increasing number of paid ad campaigns running on Facebook and Instagram is a righteous example of it. As a result, the overall ad campaign spending in the social media segment is likely to cross US $0.23 million by the end of 2022

Not in the mood to read the entire post? Let’s keep it quick for you! Here’s a quick social media app development explainer video awaiting you! 

So now comes the question of factors contributing to the overall cost of developing and launching a social media app

 

Let’s begin by exploring the standard and next-level features first. 

Basic Features Of A Social Media App – 

standard features of social media app - code brew labs

Highly Advanced Features Of 100% Customizable Social Media Apps 

Multiple-Marketplaces – 

You as an entrepreneur hold complete control over adding lucrative marketplaces on a social media app like Facebook to better market, sell & earn on the same platform. In layman’s language, a social media app developed on your terms can be your next business operation management platform. 

 

Blockchain Integration – 

Getting blockchain integration is a must for those entrepreneurs who wish to run a business on or via social media apps. It strengthens the transactional flow with blockchain technology making it easier and hassle-free for your business customers to initiate a transaction on a social media app. 

 

Chatbots – 

Now entertain your random page viewers or online customers via the chatbot integration feature enabling a faster, quicker, and improved customer handling process. The social media app can be integrated with multiple chatbot questionnaires and answers to automate conversation. 

 

AR Integration – 

Accelerate the user activity and overall engagement rate on a social media app using a tinge of augmented reality features facilitating engaging camera effects, and much more. 

 

Image or Video Editing – 

Improve customer engagement experience on the customizable social media app with interactive image and video editing features. Let your target audience create engaging digital content using different filters, emoticons, location features, background images, and much more. 

 

AI Integration – 

AI third-party integration features improve the user retention rate by making the app more interactive and collaborative for the end users. The most common examples of an AI integration feature include fingerprint login, text recognition, natural language technology use, and much more. 

What about the standard ones? Well, if you are also wondering about all the standard features you get in a social media app, here’s your answer. 

Let’s get into the cost factors in detail now! 

In-Detail Features With Estimated Cost 

This will help you get a better and closer cost estimate for a social media app development. 

Features of social media app with cost - code brew labs

Advanced Features With Estimated Cost

Features of social media app with cost - code brew labs

Development Team Required For Social Media App Development 

Developing a social media app requires a thorough understanding, a robust app workflow plan, and seamless team collaboration. That’s why the team behind the social media app development project is crucial to decide.    

  • Android developers 
  • Business analysts 
  • iOS developers 
  • Front-end developers 
  • Back-end developers
  • Product Manager 
  • Backend set up & integration team 
  • QA engineers 
  • UI/UX designers 

 

Hiring Developers 

Hiring developers to kickstart the social media app development project is a mandatory necessity. Here, as an entrepreneur, you should be familiar with the developers’ service charges based on the hourly development rates of different countries. Pitch for countries like India, Dubai, or any other Asian country with a high number of certified developers catering at much lower development charges. 

average annual salary of developers - Code brew labs

And just in case you are looking forward to freelancers, know the hourly charges in advance, compare and then proceed. Here’s something for your quick reference.

freelancers charges for social media app development - code brew labs

I hope this must have encouraged you enough to get started and make a smart move in the social media app development industry. In case, you require any further assistance, we as the Code Brew Labs team is all here to help you brew a rock-solid social media app that takes your business success to the next level. 

Our team of knowledge-rich developers works on the latest technology stack follows the agile methodology and evaluates your business needs minutely, so you can have a robust final product ready within weeks. Maybe that’s the reason we have delivered up to 1000+ social media apps for multiple industries. Be it a white label solution or developing something from scratch, we have a suitable solution for you!

So, come forward, and let’s take your business to heights together! 

 

The Final Note – 

Since the current times are all about experimenting with the ongoing trends, developing and launching a social media app like Facebook sounds progressive. Social media platforms are stealing the show worldwide by registering up to 424 million new users every year. Resulting, entrepreneurs are looking forward to social media app development. And why not when there are so many possible ways to get it done? The best is to join hands with a social media app development company to customize an app/solution based on your unique business needs. 

August 4, 2022

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