Myntra is among the most well-known shopping sites on the internet in India for lifestyle and fashion products. With its easy-to-use interface, a wide variety of items, and discounts, Myntra has become the preferred destination for customers looking to purchase clothes, accessories, footwear, and much more. Here we know Costs of Creating an App Like Mynta.
In the event that you’re a business owner planning to build an e-commerce application like Myntra, You must take into consideration the cost associated with it. The process of developing and launching a successful app requires substantial investments – not only in technology but also in marketing, design and operations.
In this article, we’ll discuss the main Costs of Creating an App Like Mynta, which you’ll have to consider when you plan to create an application similar to Myntra. We’ll also offer strategies to control these costs efficiently.
Hire Expert Android Developers in USA
The main expense is the development of the mobile application. It is a robust e-commerce platform. Myntra has a complex and sophisticated codebase that includes advanced capabilities.
In order to create an app with the same quality, it is necessary to Hire dedicated Android developers in USA capable of writing code quickly and creating complex applications. The cost of hiring an experienced Android developer in the US is between $100 and $150 per hour.
For a small-sized application like Myntra packed with features, you might require two or three skilled Android programmers who work full-time for about 4-6 months. Therefore, just basic app development can cost anywhere from $150,000 to $300,000.
To reduce costs, think about Hiring Android developers from companies such as TechGropse that provide high-quality talent at an affordable price. Top tech companies have employed the company’s Android experts and are able to create and launch your app with ease.
Invest in App Design
The app’s design, as well as the user interface, are important to its adoption. Myntra’s minimalist, clean UI with a user-friendly interface makes shopping online very easy.
Recreating such excellent design requires hiring experienced mobile UI/UX designers. The fees for these designers are between $80 and $150 an hour. It is recommended to hire at least two designers working full-time for 1-2 months to design wireframes and mockups as well as final graphic assets. It could cost anywhere from $50k to $100k.
It’s worthwhile to invest in quality design since it draws and keeps users. If needed, you may reduce costs by hiring freelance designers for certain components.
Account for Backend Technology Costs
The main reason for Myntra’s popularity is its strong and scalable technology backend. The application is designed to manage massive volumes of the volume of traffic, huge catalogs of products, image processing, and order processing, among other things.
To create a solid backend, you’ll have to set up server infrastructure on cloud services like Amazon Web Services (AWS) or Google Cloud. Servers, as well as databases, caching storage, and other expenses, could be as high as $5000 per month.
Additionally, you’ll need to Hire skilled backend developers who can create REST APIs as well as integrations. This could run from $150,000 to $250,000, based on the time and effort. Choose developers with previous experience with scaling applications so that your backend architecture is strong.
Purchase Necessary 3rd Party Tools.
Myntra employs many third-party and proprietary tools for communications, analytics payment, and much more. These tools are crucial. However, they can be expensive.
For example, Myntra uses Segment.io for analysis, which starts at $119/month. For sending promotional and transactional emails, it requires a program like Mailgun ($ 35 plus each month).
Payments that accept payments require integration into payment processing platforms such as Razorpay with associated transaction charges. Additional tools to push notifications, crash reports, security, etc., can be a great addition.
In all, you’ll need to set aside at least $300 to $500 per month for essential application tools. Reduce expenses by using apps that provide free tiers for new startup companies. Pay only for more advanced features as your app develops.
Marketing and User Acquisition
One of the biggest hurdles when creating an app is attracting people to sign up. A well-planned marketing strategy is crucial in order to increase the likelihood of the download.
Myntra invests a lot of money in online marketing, including advertisements on search engines and social media, influencer marketing, affiliate marketing, and many more. If you are launching a brand new app, marketing costs could easily go up to $5000 per month. It can be significantly greater as you expand.
Choose cost-effective channels like organic social media to begin with. Affect at least 15% of your total budget to marketing to make sure you are gaining momentum. As time passes, find and increase your investment in marketing channels that have the highest ROI.
Read More: Give Your IT Department a Gift: The Intel i5 vPro’s Security and Manageability Magic
Customer Support and Operations
Achieving exceptional customer service, like Myntra, requires a strong support team. At a minimum, you’ll need support staff to answer user questions through chat in the app and email or through social media.
The cost of hiring just a few dedicated customer support representatives could cost you upwards of $4000 a month. Furthermore, you’ll need personnel to manage the monitoring of your app and logistical processing, order processing and back office tasks.
These operating expenses can grow dramatically as your app expands. Control costs by beginning with a small team of generalists with a variety of tasks. Automate processes as often as you can.
Ongoing App Enhancements
After launch, you have to maintain your app by adding new features and improvements at 20 percent of your engineering bandwidth to the maintenance of your app and its enhancements.
Development of new features, as well as bug-fixing UX improvements and performance optimizations, require continuous investment. Budget for quarterly improvements to your app after taking into account the growth of revenue and business.
Make app improvements with care with the help of user feedback and data-driven insight. Prioritize changes that will improve important metrics such as engagement, retention, and conversions.
Key Takeaways on the Costs of Creating an App Like Mynta:
- Make a plan for a minimum budget of $500,000-$1 million for an app that is fully featured like Myntra.
- Concentrate on hiring experienced Android developers, UX designers and backend architects, even if it costs more initially.
- Control ongoing costs by automating the use of budget tools and minimizing waste.
- Begin marketing as early as possible using cost-effective channels and increase your spending as you expand.
- Provide exceptional customer service through employing a support team that is dedicated.
- Always improve the app by adding new features and enhancements after launch.
The development of an online shopping app like Myntra requires massive funds and capital. If you manage the Costs of Creating an App Like Mynta and focus on the most profitable investments, you can build an app for shopping that your customers will love.
About TechGropse
As I mentioned before, one method to develop your app at a reasonable cost is by working with a company such as TechGropse. TechGropse has helped numerous businesses and startups launch their popular shopping apps, leveraging their skilled Android developers.
A few benefits of working with TechGropse to build your application:
- Top 1 per cent of talent Their developers are top-quality and have produced powerful e-commerce applications like Myntra before.
- Cost-savings: They have extremely reasonable rates, allowing you to develop your app within your budget.
- Quick Launch: Using their experience, they can develop and release your MVP in just 3-4 months.
- Expertise Proven: Their previous E-commerce clients have raised substantial funds following their launch.
- Full Spectrum support: The team don’t just code the app but also offers advice on UX, backend and QA, launch marketing and much more.
If you’re looking to speed up the development of your app and focus on growth for your business, Consider working with TechGropse. They can assist in bringing your eCommerce app’s vision to life in a short time and at a low cost.
