Top Features and Cost Estimation to Develop an App Like Uber!

There is no exact figure to tell because cost always fluctuates according to features, complexity, and technology used to build an application. No doubt, many entrepreneurs are investing their time and money in building a customized application regardless of the fact that they are a newcomer or have an established business. When a person is already working in the market but is failing to attract more customers, an application can help in such a situation because you can connect with millions of customers worldwide to sell your products and services. The main reason for investing in this industry is that it gives faster service than traditional. Uber and has more than 80 million users in 77 countries.

We know that Uber, Ola, and Lyft are the leading organizations in the market, and by analyzing their total earnings, Many new entrepreneurs invested their money to earn millions and securing their future.  As far as the concern is how much does Uber like app development cost, it depends on the functionality and its complexity. Normally, cost lie somewhere between $7k to $20k. Let us have a look at the features first:

Also Read: How to calculate Android and iOS App Development Cost

top taxi business ideas

For customers:

  • Interactive UI/UX design
  • Geolocation and routing
  • Payment integration
  • Social media integration
  • Ride cost estimation
  • In-app calling and messaging
  • Push notifications
  • Scheduling ride
  • Book for others

For drivers:

  • Personal profile editing
  • Advanced route optimization
  • Driver reports
  • In-app calling and messaging
  • Push notifications
  • Generating daily and monthly reports
  • Free cancellation within a set period
  • Heat maps
  • Geolocation

Admin dashboard:

  • Manage vehicles and drivers
  • Send bulk messages
  • Push notifications
  • Reports and analytics
  • Content management
  • Discounts and loyalty programs
  • Check daily earnings
  • A separate dashboard
  • Customer information

These are some of the features which can give you a fair idea of how to build an application with different panels. The most important panel is of admin which is also known as the controller of the whole business model and he is responsible for changing certain things if needed. According to the number and complexity of these features above, the cost is decided. Let us have a look at some of the factors responsible for deciding the cost:

Way of developing an application: Usually, there are two different ways of building an application. You can either build it from scratch and include all the features one by one according to your business needs or you can simply purchase a clone app and customize it a little bit. Customizing is not time-consuming and you can launch your app in just a span of one week.

The geographical location of the company: Location plays an important role in deciding the cost of developing an application. In some locations like China and India, one can hire developers at a very affordable price, and in some places like California, the same developers can be hired at a very expensive rate. Cost also varies according to their experience.

The number of developers: A large number of developers means a high cost of development and vice-versa. In addition, more senior developers demand a high rate because they are able to include such things while developing an application, which a junior person cannot. The alternative is to hire freelancers which charge according to their hourly rate.

The number of platforms chosen: usually, an application should be launched in every platform available which includes Android, IOS, and Web. If you are selecting one or two of the three platforms, the cost will be less but if you want to reach more customers, it is advised to launch an application on all platforms.

UI/UX design: Designing is an important part when it comes to an application. Customers not only see the functionality of an application, but they are also attracted to the landing page designing. So, it is advised to include attractive designs to allure the customers.

These are some of the factors which collectively decide the overall cost of developing an application. It also depends upon the complexity of the features.

Conclusion:

All in all, we can say that this is the right time for entrepreneurs to enter the industry with their unique business models because people are now habitual in rendering services online instead of going themselves to the stores or hail in front of the taxis to reach some destination. Uber-like applications are in much demand nowadays. So, if you are capable, enter the industry now without wasting any time.