You want to build the Next Big Thing. And you have a pretty good idea how it should work, look & feel. Great, now it’s time to find a dev team to build your MVP. But how much should your MVP cost? A freelancer will tell you it should cost $5,000 to $15,000. An experienced CTO will tell you it should cost between $50,000 and $150,000. Which one is right? Are they even talking about the same thing? No, they’re not!
SPOILER: it will cost you $50k to develop a Twitter MVP, $100k for an Instagram, $500k for a Facebook and $1M for an Uber. US dollars when hiring a US dev team.
How much should a Minimum Viable Product cost? How much time should an MVP take to build and launch? These are the questions our clients ask us and every time answering these questions comes down to one simple conclusion – we understand and define MVP differently. 🙂
British-based luxury & fashion marketplace MilanStyle.com experienced a spectacular 45% increase in conversion rate after launching its new mobile-ready and improved platform running on open-source Spree Commerce framework. MilanStyle.com now features over 300 thousand luxury items from top boutiques all over the world and brands like Gucci, Tom Ford, Givenchy, Saint Laurent. That’s ten times more than its old website.
Photographed and interviewed around the world by the likes of The New York Times, GQ and Grazia, MilanStyle.com founder Jonathan Edwards returns to Warsaw… seen on the picture above visiting his Warsaw bespoke tailor Maciej Zaremba, who’s family business dates back to 1894.
Bottom line – before you start spending money on marketing use your head. It costs only your time and brainsmarts. And some minimal site customization (paste some code here, put a widget there, setup a custom promotion somewhere else).
Spree Commerce is such an open-source e-Commerce solution. We’ve built a marketplace hosting over 3 million SKUs based on heavily customized and optimized Spree Commerce and a farm of 15+ dedicated servers (load balancers, cache servers, http servers, app servers, database servers and so on). It handled over 15.000 requests per minute in external load tests / DDoS simulation.
Michal FaberQuestion: What e-commerce platform should I use if the requirements are 2,000+ SKUs, customize look of site, have holiday promotions site-wide or per product, sales reports activity, google analytics?