What is the initial development cost of a customized platform?

When it comes to developing a new product, there are several steps that need to be taken to ensure the process runs smoothly. At our company, we follow a five-step approach that has been tried and tested to deliver the best results for our clients.

Firstly, we start by talking to the customer to get a full understanding of their business needs. This is a crucial step as it allows us to recommend the right set of features that will make their platform stand out in the market.

Once we have a clear understanding of the project scope, we move on to preparing a development plan that outlines the time and budget required to complete the project. This helps us ensure that we stay on track with the timeline and budget set by the client.

To make sure that the project is delivered in a timely manner, we divide the development plan into milestones that can be released publicly. This allows us to focus on one specific feature or set of features at a time, ensuring that we do not deviate from the timeline.

As we move forward with the development, we work on each milestone and iterate on it until we are satisfied with the final product. We believe that the development process should be a collaborative effort between our team and the client to ensure that the product is tailored to their specific needs.

We estimate the work using a daily rate of $600. We group items in milestones, and use our daily rate as a multiplier of effort, taking the risk of delivery upon us. Our pricing model ensures that our clients are aware of the cost upfront, allowing them to make an informed decision on whether to proceed with the project or not. A sample development plan can be seen below.

An initial product developed in the express logistics space can cost between $20,000 and $50,000, and can take approximately 2-5 months to develop and release.