Social Media App Development: What's the Cost? How Much Can You Gain?

Maximizing ROI with Social Media App Development
Abhishek Founder & CFO cisin.com
In the world of custom software development, our currency is not just in code, but in the commitment to craft solutions that transcend expectations. We believe that financial success is not measured solely in profits, but in the value we bring to our clients through innovation, reliability, and a relentless pursuit of excellence.


Contact us anytime to know moreAbhishek P., Founder & CFO CISIN

 

Businesses of all sizes are aiming to create a social media presence that is scalable to ensure they reach the largest audience possible.

If your initial question is, "How can We make a business-friendly social media app?" then you're in the right place.

The social media development guide will familiarize you with all the information you require before creating your social media platform.

This guide can also be used to determine if developing a platform for social media is a good business move. Now let's get into the details.


Why Is Social Media App Creation A Good Business Goal For 2023?

Why Is Social Media App Creation A Good Business Goal For 2023?

 

Social media platforms are gaining in popularity because of their flexibility and freedom. Social media apps allow you to reach customers worldwide with relevant content that promotes trust and authority.

Social media platforms like Facebook, WhatsApp, and Instagram encourage users to be more active.


What Are Social Media Apps/Platforms?

What Are Social Media Apps/Platforms?

 

Platforms or apps for social media allow individuals, companies, and organizations to share, create and exchange information across an extensive network.

Social media apps allow people to share videos and photos or even express themselves.

Platforms for mobile applications are online communities that allow users to create accounts, enter their personal information, and sign in.

Facebook, Twitter, Instagram, and Snapchat are some examples of social media application development that have been successful. We is another example of an app that is popular among social media users.

This is due to its privacy features. These apps allow users to connect with other people, groups, and communities that are already part of the social network.

You have chosen wisely if you are planning to create a social networking app. There is a good chance that you will make some serious money. Let's talk about the potential profits.


Social Media Platforms And Applications: Market Outlook

Social Media Platforms And Applications: Market Outlook

 

  1. Statista estimates that the total revenue from social networks will reach US$46.43 Billion by 2022.
  2. By 2022, social networking downloads are expected to exceed 11,190.8 million.
  3. The average revenue generated per download is currently estimated at US$4.15
  4. These figures indicate that the projected total market size could be US$64.11 Billion by 2026.

Let's assume that the figures above don't inspire you. There are now 16 users on social media every second. You can clearly see that social media will continue to grow and be at the forefront of trends in years to come.

Now is the time to create your social media presence. Let's look at your choices if you don't know what type of platform to choose for your company.


There Are Many Different Types Of Social Media Platforms

There Are Many Different Types Of Social Media Platforms

 

You should know which social media sites are relevant to your company. You can then easily select your target audience, as well as your competitors while offering complete functionality to users.

Below are some examples of various social media apps:


Social Networks

Social network applications are primarily designed to bring people together. Facebook, for example, allows its users to share their thoughts, chat with other Facebook users, or make voice/video calls.

LinkedIn is a professional network that connects users, assists in building networks, and also acts as an online job board.


Shared Media Networks

Users can share media online using these applications. The users can upload photos, videos, reels, and live incidents and interact with each other.

Recent updates have blurred the line between media sharing and social networking. Instagram and Snapchat, for example, have almost identical features to Facebook. YouTube is another example in which users are only allowed to view video content.

YouTube alone is responsible for more than 43 percent of all digital channels and businesses online.


Discussion Forums

Discussion forums include applications like Quora or Reddit. Users can ask questions, leave comments, respond to any queries, and even share helpful information.

In the last few years, these platforms have grown in popularity as a large portion of digital users prefer to search for answers online.


Review Networks for Consumers

These applications allow users to share reviews of products, brands, and services. Users prefer to review services before using them, as they want to ensure their authenticity and trustworthiness.


Blog Networks and Publishing

Building a publishing and blogging platform is not easy. Many businesses depend on niches in publishing because there are many readers around the world.

The most popular social networks are Medium and WordPress. If you've decided to use one of these platforms, it is time to look at the features needed for a successful social media app in 2023.


What Features Are There In A Social Media Platform Or Application?

What Features Are There In A Social Media Platform Or Application?

 

The cost of developing a social media application is heavily influenced by features. You must learn the features of the platform if you are going to learn "how to build a social network app." There are typically two categories of social media apps: MVP and Advanced.

We will discuss these categories in the following sections.


MVP (Minimum Viable Product)

This category includes features that you must have. Profiles, feeds, and connections categorize features of the MVP mobile social media platform.


Profile

Connecting the app with an existing account on social media is the best way to build a profile. This allows the user to retrieve the information.

Signup is another option in which you enter your password and email address to fill out your profile. However, this takes more time, something that users are not used to.


Feeds

The content that is uploaded in feeds can be audio, video, photo, presentation, etc. User-generated content can be any type of content, such as status updates and pictures or videos.

You should develop a social media application that allows you to share photos, videos, and status updates. Upload, share, and select the audience that you wish to target.

TikTok statistics from 2022 show that video-based apps can be used to establish growth.


Connectivity

Connections can take the form of content (group, event), SMS, social networks, address books, searches, and recommendations.

The user is the only one who can determine how content will be connected. The users could be readers, travelers, or fans. The groups are communities that are large-scale chains of people. Social media apps have an added advantage with these features.

You can also monetize social media applications by sending out invites to an event or even selling tickets. This also allows you to build connections on social media.


Sign up

To make registration easy, you should provide your customers with several options. You can include options such as email and password or phone number and password.

It is essential to add the "Forgot Password" feature in social media apps. This will make them more accessible and easier to use.

Social media apps can be developed using Facebook SDK, Google SDK, or Amazon SNS/SES.


Chat

You may be wondering how to create a similar app to WhatsApp and Instagram. It is essential to include a chat function.

Any social network must have the ability to send messages, videos, and images. You can integrate channels and group chats to let customers chat with up to two other users. Create scalable conversations using socket.io.


Search Bar

Customers need a simple search tool to find friends and bloggers they can follow. It is possible, for example, to search by username, location, or label.


Push Notifications

Other push messages are available to users, such as a notification of a post in the community to which they have subscribed or an update to their posting.

Users can engage with push messages.

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Media Sharing

Users can share media files via these network apps (images and videos, GIFs, etc.). Instagram, Snapchat, and YouTube are among the most popular of these sites.


Advance Features

Advance Features

 

They can help make your app stand out and be famous. These features require extraordinary tech and tools, and they are essential to the success of any social media application.


Content That Is Based On Location

This option lets you see what other people are up to or where they are. You can do this by adding your location as a tag to the post or by finding nearby people and socializing.

This data is provided by a location API that retrieves your site through the mobile provider.


AR Filters

You can add filters to videos or photos to give a social network app a unique look. Snapchat and Instagram, for example, have AR filters to attract users.

AR offers a fantastic user experience.


Editing

It would help if you offered your users editing features for their videos and photos in the social media application.

It's possible to integrate features such as cropping or rotating the image, trimming the video, creating a collage, etc.

Add features unique to your business that are aligned with your niche. This requires market analysis and research.

After you have determined what functionalities and features you need in your social media app, the final factor to consider is the cost.


Cost And Time For Developing Social Media Apps

Cost And Time For Developing Social Media Apps

 

It is essential to estimate the budget for your social media application development. It would help if you prepared financially.

First, let's look at the time. We will look at the time required to develop the back end and give you a time range for each feature. Consider other costs before you move to the next stage of development.


You Can Also Design Your Own

The process of designing a social media application is a very demanding one, as each user wants an individualized design.

It's essential to choose a style that your audience will like. You will need to hire a social media application development team that is experienced in this area.


Admin Panel

Typically, the Admin panel acts as a command center for your app. This centralized panel will give you control of the whole system and all features within your social media application.

You can register users and ban them in the event of any violations. You can integrate analytics with advertising to promote your products or services and track the performance of your app.


After Release Marketing

It is expensive to do post-release marketing, but it's necessary now because you will need a following after the release.

Post-release campaigns and marketing will help you grow your audience and scale your app faster.

Post-release marketing includes buying advertisements on platforms that are thematic, purchasing promotions in app stores, and promoting videos, articles of information, etc.

Let's calculate the cost and time of developing your social media application.


What Is The Cost Of Developing A Social Media Application?

What Is The Cost Of Developing A Social Media Application?

 

Add up the backend development hours and multiply that figure by the hourly wage of your team. The price range could be between $100,000 and $250,000 for a social media app engaging on one platform (Android/iOS).

Prices also vary depending on the experience and location of your team. Prioritize quality over cost. Now that you have seen everything let's move on to the development phase.


How To Create A Social Media Application - Tech Stack And Development Phases

How To Create A Social Media Application - Tech Stack And Development Phases

 

You need to hire a reliable team to create a social media application. The development team should include the following:

  1. Project Manager
  2. UI/UX designers
  3. iOS/Android developers
  4. Front-end engineers and backend engineers.
  5. Quality assurance specialists

When creating a social media application, you can choose from a variety of tools and technologies. Below are some of the top tools and technologies.


Android App Development

Kotlin is a programming language.


iOS App Development

Swift is a programming language.


Backend Development

  1. Framework - Express 4.
  2. Database - MySQL
  3. Chat - socket.io
  4. Amazon SNS, Amazon SES - Sign Up
  5. API - Swagger
  6. Node.js is a programming language.

You Can Also Find Out More About

  1. Search bar with ElasticSearch
  2. Storage- AmazonS3
  3. Emails - Elastic Email
  4. MLKit and ARCore AR Filters
  5. Google Maps - Geolocation
  6. FCM Push Notifications

We will now see different stages of development.


Business Expertise and Product Ideation

Choose a social network development company with experience and knowledge of the concepts of social media mobile apps, automated business processes, or web resources.

They should also have a good understanding of client needs and indirect business skills.


Evaluation and Project Proposal

The development team will assess the project to understand its needs and requirements. The client will receive a business proposal for social app development.


Prototyping

It is essential to understand what clients want from your application. This can be done by prototyping the entire process.

A well-crafted interface will allow the user to quickly explore and understand how the social media application can solve his issue. The software is not required to see the app's functionality.


Product Design

Plan the design and layout of your social media application, including all screens and essential features.

Cyber Infrastructure Inc. is one of the companies that offer social media application development. We used Google and Apple suggestions to create the app.

To create an appealing design, we use illustrations that are easy to understand and practical.


Backlog Contract and Development

Together with the client, the development team creates a backlog of all the tasks for the project. The contract for development with the client is signed after the backlog has been approved.

The product tracker will meet with you again to discuss the details of your project. Together with the customer, the development team assembles the buildup of the whole task. The client endorses the progress agreement after the excess has been approved.


Development Process

The designers will send the final contract version to social media app developers so they can start working on your masterpiece.

Sprints are used to divide the development process. One sprint equals two weeks.


Quality Assurance

QA engineers will test the functionality of the social media app once it has been developed. Quality specialists check for bugs and other malfunctions and compile them in bug reports.

The reports are used to help developers resolve the issues.


Release and Maintenance

Developers will transfer your application after it has been polished. Now you can release the app and update it regularly.

Ensure that your app is easy to use from the download button on the home page through the main menu.


Take Into Consideration Social Trends

Take Into Consideration Social Trends

 

Many trends will influence the innovation of social media apps as IT permeates every facet of our lives. These trends can help app developers and publishers better understand how to create a social network.


Social Media

Up until recently, social apps were primarily developed for desktop environments. Users are increasingly turning to instant messaging features in social messaging apps.

Social apps of this type are popular and can offer solutions to both brands and individuals, particularly in e-commerce.


Social Storytelling

Social storytelling is also taking over from blogging. The art of storytelling has been an integral part of human communication and interaction for centuries.

This social trend is now viral thanks to industry disruptors such as Snapchat.

Social platforms allow people to tell their own stories to connect with audiences at a deeper level. Users can share more of their life with friends by adding context to posts, events, and captured moments.

They also receive immediate feedback, which encourages an accessible, genuine relationship.


Social Commerce

Social mobile apps now offer peer-to or person-to payments. Social apps will soon offer this feature, allowing users to connect their bank cards to the app securely.

Users can quickly transfer money by clicking on "$." After selecting their payment method and entering the amount, they will be able to connect again and send it to another person. Snapchat, Facebook Messenger, and WhatsApp already use this feature, WhatsApp plans to introduce P2P payment in India shortly.


Social Mentoring

People worldwide are increasingly "Googling," even to seek advice, heal psychological traumas, or find an outlet for internal pain.

The Center for Evidence-Based Mentoring conducted a recent study on digital media and mentoring relationships. This study found that the use of digital media either enhanced or didn't harm mentees, mainly youth.

The concept of social mentoring is in its early stages. Training and equipping mentors with social media and digital tools could be beneficial to both mentors and their mentees.


Social Selling

Social media is an excellent way for businesses to market their services and products. Selecting a social media platform that will not distract customers from their goal of buying the product is essential.


Virtual Reality And Augmented Reality

The social media market rapidly embraces virtual reality (VR), augmented reality, and other technologies that enhance the user's perception of reality.

These technological advancements can be used by social platforms to change the way users interact with one another and their environment.

Facebook and YouTube, for example, have 360-degree video experiences that allow users to interact with other people.

You can also create a 3D virtual space in which you and other users could meet, much like a Skype video chat, only this time it's in 3-dimensional form. Facebook made the first step into this market by launching a VR application called Spaces, enabled by its VR headset.


Short-Lived Content

Self-destructing material is another trend that you should consider. You can already see it on apps like Snapchat or Instagram Stories.

These social media applications allow you to set posts to expire after an hour, day, or a few days.

The trend is gaining popularity because it adds intimacy and urgency to posts that users share. This trend can also be observed in the social app Hang, developed by Cyber Infrastructure Inc., which allows users to have their posts automatically deleted after 24 hours.

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What Can Cyber Infrastructure Inc. Do For You In Terms Of Social Media Application Development?

What Can Cyber Infrastructure Inc. Do For You In Terms Of Social Media Application Development?

 

Understanding social media and who your audience is are essential. Explore the endless possibilities that social media apps like Quora and Tinder offer.

Cyber Infrastructure Inc. is a leading social media app developer with experience on all major platforms, including Android and iOS.

Our media services include everything from video app development to custom messaging and social network apps. We have experts who have experience in mobile app development. They have also helped clients from different industries develop social media apps.