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Social media apps are not just for chatting with friends and family anymore, rather social mediums are places where a buyer and a seller meet. These days, finding an ideal client (LinkedIn) via social networking has become easier. All of us rely on social media apps, one way or another.
If you want to develop one of the social apps, there is a huge market but how to get traction is another question.
Do you know an average person has around 8 social media accounts? (Statista)
Before we move forward, let us tell you that there are different types of social media apps i.e.
-Social networking apps e.g., Facebook and LinkedIn
-Media sharing apps e.g., Instagram, Snapchat, Tiktok
-Discussion forums e.g., Quora, Reddit
-Blogging sites e.g., WordPress, Medium
-Interest-centric apps e.g., Goodreads
-Content sharing apps e.g., Flipboard, Pinterest
-Consumer review apps e.g., Yelp
Typically the cost of Facebook, LinkedIn, Instagram, and the TikTok app ranges from $45,000 to $70,000 depending upon the list of features, app type, software architecture, and design.
In this blog post, we will be covering social media app development costs and features for 4 major social media platforms/apps i.e. Facebook, LinkedIn, Instagram, and TikTok.
We can clone almost any app or any social networking app like Facebook or LinkedIn. The facebook-like app is extensive due to its features, its user friendly, allows users to find friends, relatives, and colleagues via networking regardless of the geographical location.
-Around 2.74 billion monthly active users.
-400 users signing up every minute.
-500,000 users added to Facebook daily.
-Facebook acquires 59% of the world’s social population.
-World’s 3rd most visited social networking site.
-Second most downloaded app in the world (after Tiktok)
(Stats by Hootsuite)
How much does it cost to develop a Facebook-like app?
-US and Canada based developers – $100-300/ hour
-Australian developers – $60-170/ hour
-Western Europe and UK developers – $45-185/ hour
-Eastern Europe developers – $35-150/ hour
LinkedIn is the top B2B professional networking app. My network, homepage, profile and notifications are the most viewed features of LinkedIn. The app design and development cost rely on the types of features (either advance or basic) and the region from where you hire developers/ your development team.
-LinkedIn has 722 million active users monthly
-40 million people search for job each week
-3 people are hired every minute
-60% increase in content creation over the platform in 2020
-55% increase in conversations among connections in 2020
(Stats by Hootsuite)
How much does it cost to develop LinkedIn-like app?
A popular app in the media sharing network category. Instagram users can share photos, videos in a very interactive manner. These days apps test and try every other feature to harness or scale app growth.
-1 billion plus active users monthly
-88% of the users are from outside US
-30 minutes average time spent every day
-130 million users tap on shopping posts every month
-500 million people use stories every day
-1x average Instagram business post per day
(Stats by Hootsuite)
How much does it cost to develop an Instagram-like app?
-US and Canada based developers – $50k-80k
-Eastern Europe developers – $30-80/ hour
A multi-value immersive experience-based mobile app for Android and iOS users. A short video creation and distribution app has drawn a lot of attention and people are more its clone development now. On average, users spend 52 minutes daily on Tiktok (The App Solutions).
-1.1 billion monthly active users
-7th most used social media site
-13.3 hours average time spent by Android users / month
-Ocean Spray earned 15 billion media impressions in less than a month
-2nd biggest app in consumer spend
Check out the portfolio of the best hybrid app development company.
(Stats by Hootsuite)
How much does it cost to develop Tiktok app?
The average cost of developing a Tiktok app is between $30,000 to 85,000 depending upon the set of features, technology stack, resources, and the platform.
Henceforth, you got an idea of some popular social media apps features, the time required for development, and cost. If you want to build a complex social media app that has a unique set of features, the best user interface, and support, and is meant for different platforms, you should not expect any less than $100,000 in general.
The cost estimation covers the UI design, custom development, business analysis and documentation, project management, and a QA team. Please bear in mind that the above-quoted prices are for information sharing and ultimate project estimation cannot be determined before the project assessment by our business development team.
Need android app development, iphone app development services, or hybrid app development for hybrid social media app? Reach out to the best hybrid app development company.