Question 1

How much does it cost to develop a product?

Accepted Answer

The cost of developing a software product depends on many factors. They include the size and complexity of your product, team size, platforms you release your product for: web, mobile, wearables, etc., software tools and platforms you'll use, and so on.

The cost of developing a software product is determined by the amount of time and people involved. A rule of thumb is that if you want to build an MVP (minimum viable product), the cost might be at most $20K. You can expect that number to grow significantly depending on what features and platforms you want to include in your app or website.

Question 2

What are the stages of software product development?

Accepted Answer

Typically, software development consists of:
1. **Requirements gathering**. It involves understanding your customer's needs, and it's critical to get it right, so everything else will fall into place much more easily later in your project lifecycle. 
2. **Estimation of resources and time**. To provide accurate estimates of the time and resources needed, everyone involved in this process must understand what they are doing. Once you know the scope of your project, you can estimate how much time and money it will take to build.
3. **Research**. Research enables you to identify users' problems and what they want from a solution.
4. **UI/UX design**. At this stage, you create mockups, prototypes and final designs of your product's interface.
5. **Software development** is a stage where the code is written. You can do this in-house or outsource it to a software development company specializing in writing code.
6. **Testing and QA** to ensure that the system works as expected and is bug-free.
7. **Further maintenance and support**.

Question 3

What is included into the software product development service?

Accepted Answer

A software product development service from an external team is an excellent option if you need to build a new software product within time and budget and find specialists with the unique expertise you lack with your in-house team. You get a professional team of software engineers, UI/UX designers, QAs, and other specialists that will help you detect the product demand in the market, test your business hypotheses, find the most viable technical solutions for your software product, and more.

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