Build an App to Serve the Gig Economy

November 26, 2020 | Sakshi Sharma

If you are in the mobile market, then we have some good news for you. The global mobile app market value is expected to reach just over $407 billion by the year 2026, which back in 2018 was valued at around $106 billion. Looking at the figures, you should plan to build an app in the gig economy, but one question you might be asking yourself is; how much does it cost and how long does it take to develop an app.

Ideally, the app development cost varies from project to project. Depending on the number of functions you want to include, the amount can range anywhere between $6,000 to $12,000. It also takes about 2-4 weeks to build the entire app. However, before you plan to develop your gig economy app, you should understand some of the primary factors that are most likely to influence the app development cost.

Factors that affect the cost of gig economy app development are:

1. Features and Functionalities

In simple words, complex components are most likely to be more expensive as compared to simple elements. Implementing all of your gig economy ideas and the functions that go with them matters a lot not just in cost but also with the user experience.

2. App Platforms

Which platforms do you want to launch your app on? You may want either iOS or Android or you may want both. Doing both will obviously cost more than choosing one. Another major factor in the cost of developing a mobile app is whether you want to go native or make it a hybrid. While hybrid is less expensive, native has a better experience. You have the option to launch how you want on any gig economy platform. If you want to learn more about this, you should contact development experts like SDI.

3. Internal or Outsourced App Development

If you decide to create your own development team you have to consider the time and money to hire and pay your employees. You also have to find and pay for the device he or she will use, the internet, and anything else they may need. Most likely your employees will be working at home but there are still many costs along with the time to manage them. You are more likely to spend quite a bit more on this route.

On the other side if you opt to outsource your work to an app development company you don’t have to worry about doing anything or managing anyone. The company will manage it for you and will simply take your inputs to ensure the app is developed with your vision. The cost of this is much lower, however, you need to be careful where you invest your money because some companies may not complete the work properly so you need a reliable company like SDI to complete it for you.

4. Knowledge About the Best Gig Economy Apps

Sometimes, the gig economy sounds like a giant free for all in a lot of ways. At the same time, you should consider the gig economy’s pros and cons. Although the gig economy has grown by leaps and bounds over the past decade there is still room for growth. Years ago only a few people knew what the gig economy was or how it worked. But today, many are interested in developing apps for services.

You may be at the very beginning of your gig economy start-up business which is great but you need to know that developing gig economy apps are more than just working hard for hours. You have to choose the right style of gig app that suits you and what your users want.

Before you build a gig market app, you should understand a few of the most popular gig economy apps:

1. Airbnb

You’re probably not surprised by the fact that Airbnb tops the list as it ranks number one when it comes to money-making gig apps in the market. It is mainly because it lets the user set their prices, and it also allows the people to be the host without charging anything extra. The best part is that Airbnb is available in almost every country in the world.

2. Fiverr

One of the original gig apps in the market is Fiverr. For quite a long time now, they have been pretty popular, and for good reason. Things have changed over the years, it used to be very inexpensive to find freelancers but that low of a cost put a strain on the freelancers. Now things have balanced out a bit more which is good for everyone. There are a vast amount of people willing to complete gigs on Fiverr.

3. YouTube

Yes, even YouTube is a gig app. You might be able to make some money on this platform if you love to produce video content. But you need to know that some of the requirements to make money from YouTube are quite strict, and you need to follow them as a content creator.

As SDI is an on-demand economy app development company, you can connect with us anytime. If you plan to build an app in the gig economy, you can connect with us to learn more about how you can create an app that can help people find work that is needed more than ever during this time. You can drop us an email at team@sdi.la or call us at 408.621.8481.

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