Many people ask me constantly How much does it cost to create an app like UBER? In this post, I will solve that question that can be difficult to answer and you will also know how to create an app like UBER?
I give you something,
Get ready, this post is brutal.
I invite you to continue reading the post, remember that you can jump to the part where you are most interested.
How much does it cost to create an app like Uber?
For now, it should be clear that the cost of developing an application like Uber depends on numerous factors.
But here we have an attempt at estimation.
The creation of an MVP for an On-Demand platform involves creating web / mobile interfaces for both supply and demand. Add to this the fact that native experiences are the expected norm. Which leads to parallel development efforts if we decide to build for both iOS and Android.
The other important component is the nerve center/administration panel that doubles as a CRM and a dashboard to control some of the critical operations.
Everything is linked by the APIs that operate on central databases and control logic, part of the backend framework that runs in the cloud.
Assuming that the architecture of the platform is scalable and is capable of handling between 500 and 1000 transactions per day immediately.
We are looking for an effort of more than $ 100k – $ 300k for an initial MVP.
It is expensive, YES.
The variations in the field are mainly in 3 accounts
- Number of interested parties.
- Number of platforms that are part of the initial launch
- Complexities in the business model
- Geography / Region where the product development team or engineers operates.
The hourly rate varies from $ 20 – $ 60 (in parts of India / Eastern Europe / Southeast Asia) to $ 80 – $ 150 (in parts of Western Europe / United States).
The price varies a lot where you work your app. But it is also important to know which niche market you are targeting.
Knowing how much it costs to create an application like Uber is not an easy task.
What is your niche market?
Is it a taxi / limousine business or an On-Demand platform designed for another vertical? When you try to find a solution to help your existing taxi/limousine business with an experience like Uber, there are many companies that offer white label solutions.
When you start expanding to, say, ground transportation (solutions for events/transportation targeting children / senior citizens/corporations, etc.) or home or beauty or delivery services, things start to get complicated and it is difficult to find an approach based In the booklet that works.
We have been struggling with this problem for the past 15 months and have achieved a top-down approach as a solution. The basis is that there are certain modules – matching, programming, tracking, payment, revisions, notifications, aggregation, and registration that form the backbone of any of these platforms. Thus, we have created blocks of backend codes or an architecture based on MBaaS structured to take care of most of the use cases that can be launched by an On-Demand Business Model.
Remember that as your niche is an expensive or low one, the marketing expenses you will make for your app will depend in the future.
Since I previously explained how to create an application like Uber now you can start working a Business Plan, but first finish reading the entire post, something very important is missing, understand how much it costs to create an Uber type app and what this price depends on.
Uber platform modules
Uber is not only an app, it is a platform, it also offers an app for its drivers, but that’s not all, they also have a central administration dashboard.
Therefore, the platform in general operates under the integration of different modules.
Modules such as Tracking , Payments, reviews, Analytics, etc.
For more information on the functional options that go into the definition of each of those modules. The underlying premise is that the front must be developed in a personalized way. Leveraging the proven backend architecture ensures that we are not reinventing the wheel when it comes to deeper customizations/corner cases.
It is vital that you know a little about the concept of technologies such as: angularjs, nodejs , mondo DB, etc.
Tips for your Uber project
Entrepreneurship is a complicated task, but undertaking technology issues can be a real challenge, it is very different to open a store in the corner of a block vs. to open a virtual store page to sell women’s clothing.
There are some important things that I can recommend:
Learn a little technology
When we talk about an application similar to Uber, it is useful to keep in mind the general evolutionary framework associated with all beginnings. It can be said that all those apps and business programs similar or not to Uber must go through the 4 stages mentioned below.
However, despite the fact that most On-Demand platforms are linked to network effects and evolution / resolution of questions such as who came first, the egg or the chicken, etc.
On-demand platforms are an integration of different programs (lines of code) that operate with each other to deliver a unique result.
What is the life cycle like?
The next question could be: Are we investigating how to validate a business model that is making less than 1000 transactions a day or are we talking about a system that has been developing growth in multiple global geographies; Is this built on a logistics framework that is well optimized in your process?
The areas of focus during the different stages of the evolution of this important system are different. The first test or obstacle, would consist of maintaining a functional product in the market, so that the same one looks for the form of a greater interaction of the nucleus.
Once the MVP is launched, it is often a race towards achieving the product-market adjustment that in itself could encompass multiple locks. Once the product-market adjustment is achieved.
The next obstacle is to achieve the economy of the unit (Consumer Acquisition Cost / Lifetime Value) while constantly improving data in the cohorts. This phase usually involves a lot of focus on building analytical capabilities.
Discover your Early Adopters
If these answers make you familiar, then this will interest you.
“My market is the world.” “My clients are all” “Everyone wants my product”.
Who has not heard those phrases from the mouth of many entrepreneurs?
Many times we believe that large companies began their journey by being large, selling worldwide, and with huge billing volumes. But the reality is quite different … all the big companies of today began working for their Early Adopters.
The Early Adopters can be said to be your first customers, it is a very small segment that begin to test your product.