Startups, entrepreneurs, and professionals are now getting highly involved in business networking platforms to nurture their networking skills, boost profile visibility, and connect with like-minded people. It can be rightly said that business networking applications are now being considered the stepping stone to success for anyone who makes the right use of it.
This points towards the fact that there is a growing demand for such apps, which has lured the attention of investors who want to know the cost to build a business networking app before jumping into developing one. The business networking app development cost, in general, ranges around $45,000 to $80,000 based on a few influencing factors.
Let’s talk about one of the most popular business networking app out there, LinkedIn. As per the data from Statista, LinkedIn’s user base is projected to reach 828.43 million by 2027. LinkedIn today has become one of the largest platforms for building business connections and processing employment.
Factors that Impact the Business Networking App Development Cost
To answer the question of business networking app development cost, it is essential to understand the project in detail including the outcomes expected, its requirements and goals. However, the cost to build one ranges somewhere between $45,000 to $80,000. Here are some factors that affect the business networking app development cost:
1. Features and Functionalities
The price will undoubtedly change depending on how many functions you decide to include in your mobile app. The complexities of on-demand business networking app development with further implementation of advanced features will also be considered.
The business networking app features are the primary determinants of how much it will cost to create a professional networking app. Therefore, when using the app’s initial version, ensure to concentrate only on its essential features.