We cater to a diverse clientele spanning across various industries.
Our seasoned React developers have the expertise to build secure, creative and highly-interactive mobile applications. Whether you are a startup or an SME, our experts will get the job done.
We employ the agile methodology to keep you in the loop. Our company is known to deliver quality React Native app development services that meet your business goals, timeline, and budget.
We offer the most competitive rates on the market. Our personalized React Native app development services meet different budget needs of our clients from across the globe.
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Our designers, developers, quality analysts, and a project manager – all strive for customer satisfaction. We deliver React Native app development services that align with our clients’ needs.
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Very good communication at all stages. Always prompt to reply. Excellent quality of work. The team at Third Rock Techkno was communicative, responsive, and accommodating as they produced high-quality work.
Jonathan Wood, Smoovr
It was a pleasure working with the TRT team. Prior to contracting this group, I had a system created that was absolutely terrible and poorly developed. I also worked with a few freelancers that couldnt cut it either. TRT was actually able to execute on our concept and have built a truly solid system for our company.
Karl Pierre, Ontime
React framework uses unique techniques to economize DOM operations required to update the UI. React 15.4.0. It also introduced a new performance timeline feature which allows the developers to see exactly when the components get updated, mounted and unmounted.
The library of React Native empowers developers by giving them lifecycle hooks to enable the server requests. This feature makes it easy to understand the mechanism of XHR requests and easily updates the library to use them.
One of the significant reasons for the immense use of React Native app development is the asynchronous function and generators offered by ES6.
Apps have become indispensable tools for businesses of all sizes. They provide a direct channel to connect with customers, enhance brand awareness, and drive sales. However, developing a mobile app can be a complex and expensive undertaking, often requiring specialized coding skills and expertise. This has traditionally limited app development to a select few, leaving many businesses without the tools they need to compete in the digital era. Enter low-code app development, a revolutionary approach that is democratizing app creation and empowering anyone to build their own mobile apps, regardless of their coding experience. Low-code platforms provide a visual drag-and-drop interface that simplifies the app development process, allowing users to create sophisticated apps without writing a single line of code. Research shows that 65% of the applications will be made in Low-Code Development by 2024. Curious about the Low-Code? Low-code is a software development approach that simplifies the process of creating applications by minimizing the need for hand-coding. Instead of relying on complex programming languages, low-code platforms utilize visual interfaces, drag-and-drop functionality, and pre-built components to streamline the development process. This makes app creation more accessible to individuals with varying levels of technical expertise, empowering a broader range of users to contribute to software development. What Exactly is Low-Code Development? Low-code development is the process of building software applications using low-code platforms. These platforms provide a range of features that streamline the development process, including: 1. Visual Drag-and-Drop Interface: Low-code platforms provide a user-friendly drag-and-drop interface, eliminating the need for complex coding. Users can simply drag and drop pre-built components, such as buttons, menus, and data fields, to create the desired app layout and functionality. 2. Pre-built Templates and Components: Low-code platforms come equipped with a library of pre-built templates and components, providing users with a starting point for their apps. These templates can be easily customized to fit specific needs and preferences. 3. Data Integration Capabilities: Low-code platforms enable seamless integration with existing business data sources, such as databases and CRM systems. This allows apps to access and utilize real-time data, enhancing their functionality and value. 4. Deployment and Testing Tools: Low-code platforms provide built-in deployment and testing tools, enabling users to test their apps on various devices and platforms before publishing them. This ensures a smooth and error-free app launch. Unveiling the Benefits of Low-Code App Development 1. Accelerated Time to Market: Low-code platforms significantly reduce the time required to develop and deploy mobile apps. Instead of months or even years, apps can be created and launched in a matter of weeks, enabling businesses to quickly adapt to market changes and seize new opportunities. 2. Reduced Costs: Traditional app development can be a costly endeavor, involving hiring expensive developers and purchasing software licenses. Low-code platforms eliminate these expenses, making app development more affordable for businesses of all sizes. 3. Speedup development: Low-code platforms can help businesses and organizations reduce development costs by eliminating the need for expensive software licenses and developing salaries. 4. Upcoming OS support: Those platforms support upcoming iOS and Android support so it’s easy to maintain. 5. Enhanced Agility: Low-code platforms empower businesses to adapt their apps quickly and easily, responding to user feedback and market trends without the need for extensive coding expertise. This agility enables businesses to stay ahead of the competition. 6. Empowered Employees: Low-code platforms democratize app development, allowing anyone within an organization to contribute to the creation of mobile apps. This empowers employees to share their ideas and expertise, fostering a more innovative and collaborative work environment. 7. Expanded Reach: Low-code platforms enable businesses to create mobile apps that can be deployed across multiple platforms, including iOS, Android, and web browsers. This expands the reach of their apps, allowing them to connect with a wider audience. Some of the Down-Side of Low-Code App Development 1. Limited flexibility: Low-code platforms typically offer a predefined set of features and functionalities, which may not be able to fully meet the specific needs of a particular project. This can limit the ability to customize applications and achieve the desired level of granularity. 2. Potential vendor lock-in: Once an organization invests in a particular low-code platform, it can be difficult and costly to switch to another platform. This can create vendor lock-in, which can limit flexibility and choice in the long run. 3. Potential security risks: Low-code platforms may not have the same level of security as traditional code-based applications. This is because low-code platforms often rely on pre-built components and templates, which may not be as thoroughly vetted for security vulnerabilities. 4. Increased complexity for complex applications: While low-code platforms can be effective for developing simple applications, they may become more complex and difficult to manage as applications grow in complexity. This can require more time and effort from developers to maintain and troubleshoot applications. 5. Learning curve: While low-code platforms are designed to be easy to use, there is still a learning curve involved in getting started. This can be a barrier for organizations that do not have dedicated IT staff or experience with low-code development. The Future of Low-Code App Development In its latest report, Gartner, Inc. projects that the global market for low-code development technologies is poised to reach $26.9 billion in 2023, reflecting a 19.6 percent growth from the previous year. Anticipated to expand significantly, the low-code global market is forecasted to reach $65 billion by 2027 and a substantial $187 billion by 2030, demonstrating a compound annual growth rate (CAGR) of 31.1 percent from 2020 to 2030. Low-Code Application Platforms (LCAP) are expected to maintain their dominance in 2023. Notably, they have already experienced a 30 percent increase since 2020, achieving a noteworthy $5.8 billion in revenue in 2023. Low-code app development is not just a technological trend; it is a game-changer. By embracing low-code platforms, businesses can democratize app development, accelerate innovation, and gain a competitive edge in the digital marketplace. In the first part of this blog, we explored the transformative power of low-code mobile app development, highlighting its ability to empower businesses of all sizes to create apps quickly, affordably, and without extensive coding expertise. Now, let's delve deeper into the specific features and use cases of low-code platforms, providing insights. Harnessing the Power of Low-Code: Real-World Use Cases Low-code app development isn't just a theoretical concept; it is empowering businesses across industries to create innovative and impactful solutions. Here are a few examples of how low code is revolutionizing mobile app development. 1. Customer Relationship Management (CRM) Apps: Businesses are using low-code platforms to create mobile CRM apps that provide sales teams with real-time access to customer data, enabling them to manage leads, track opportunities, and close deals more effectively. 2. Religious App:- Religious organizations are also embracing low-code technology to create mobile apps that enhance the spiritual experience for individuals and communities. These apps can include features for accessing religious texts, managing prayer times, connecting with religious communities and leaders, and sharing religious content and resources. 3. Employee Engagement Apps: Companies are leveraging low-code platforms to develop mobile employee engagement apps that foster communication, collaboration, and productivity among employees. These apps can include features for internal messaging, task management, and knowledge sharing. 4. Supply Chain Management Apps: Low-code platforms are enabling businesses to create mobile supply chain management apps that streamline logistics processes, improve inventory management, and enhance visibility into supply chain operations. 5. Field Service Management Apps: Field service companies are using low-code platforms to develop mobile apps that empower technicians to manage work orders, track progress, and access real-time customer information, leading to improved customer satisfaction and operational efficiency. Top Low-Code App Development Platforms 1. Flutterflow.io Flutterflow.io is a popular low-code platform specifically designed for building native mobile apps for iOS and Android devices. It offers a user-friendly drag-and-drop interface, pre-built components, and direct integration with popular Firebase and Stripe services. Flutterflow.io is particularly well-suited for developers with limited coding experience, as it abstracts away much of the complexity of native app development. Key Features: * Native mobile app development for iOS and Android. * Drag-and-drop interface and pre-built components. * Firebase and Stripe integrations. * Rich data modeling and APIs. Use Cases: * Building mobile apps for businesses, organizations, and individuals. * Creating prototypes and testing app concepts. * Developing mobile apps for internal use or customer engagement. 2. bubble.io Bubble.io is a versatile low-code platform that enables users to build both web apps and mobile apps. It offers a visual development environment with a focus on user interface design and workflow automation. Bubble.io is particularly popular among entrepreneurs and startups due to its ease of use and flexibility. Key Features: * Web and mobile app development. * Visual development environment with drag-and-drop functionality. * Workflow automation and data modeling capabilities. * Extensive plugin ecosystem. Use Cases: * Building web apps for businesses, organizations, and individuals. * Creating e-commerce platforms, SaaS applications, and social networks. * Developing web apps for internal use or customer engagement. 3. Make.com Make.com is a low-code platform that focuses on automating workflows and integrating different applications. It utilizes a visual workflow builder to connect various services, such as email, Slack, Google Sheets, and cloud storage. Make.com is ideal for streamlining repetitive tasks and connecting disparate data sources. Key Features: * Visual workflow builder with drag-and-drop functionality. * Integrations with over 1000 applications and services. * Automation of repetitive tasks and data synchronization. * Ability to create custom integrations and automation. Use Cases: * Automating marketing workflows, such as sending personalized emails and tracking campaign performance. * Integrating customer support systems and managing customer inquiries. * Automating data transfers between different applications and services. 4. Xano.com Xano.com is a low-code platform that provides a backend-as-a-service (BaaS) solution. It offers a scalable and secure backend infrastructure for web and mobile apps, allowing developers to focus on building the front end of their applications. Xano.com is a good choice for developers who need a robust and flexible backend for their low-code apps. Key Features: * Backend-as-a-service (BaaS) solution. * Scalable and secure infrastructure for web and mobile apps. * Data modeling, APIs, and authentication capabilities. * Real-time data synchronization and event management. Use Cases: * Building web and mobile apps with a robust and scalable backend. * Developing data-driven applications with real-time data synchronization. * Creating custom APIs and integrations for specific use cases. Conclusion The rise of low-code development is transforming the software landscape, making it easier, faster, and more accessible for organizations to create applications that meet their evolving needs. As low-code platforms continue to mature and gain traction, we can expect to see even more innovative and impactful applications emerge from a broader range of contributors. If you are looking for a Mobile Developer visit :- https://www.thirdrocktechkno.com/hire-us/hire-mobile-app-developers/ FAQ’s 1. What makes low-code app development different from traditional app development? * Low-code app development uses drag-and-drop interfaces and pre-built components to minimize the need for hand-coding. * Traditional app development requires extensive coding knowledge. 2. What are the benefits of using low-code app development? * Faster app development. * Reduced costs. * Enhanced agility. * Empowered employees. * Expanded reach. 3. What are some examples of how businesses are using low-code app development? * Creating customer relationship management (CRM) apps. * Developing employee engagement apps. * Streamlining supply chain management. * Enabling field service management. * Building religious apps. * Creating e-commerce platforms. * Developing SaaS applications. * Designing social networks. 4. What are some popular low-code app development platforms? * Flutterflow.io. * Bubble.io. * Make.com. * Xano.com. 5. What is the future of low-code app development? * Low-code app development is expected to continue to grow in popularity and become even more user-friendly. * More businesses will use low-code app development to create innovative and impactful applications.
A report projects that the eLearning market will be valued at $325 billion by the end of 2025. Indeed, as the Edtech industry becomes the most appealing investment area, there is a growing demand for educational mobile app development. With their digital learning options, certain well-known brands in the EdTech space, including Google Classroom, Khan Academy, edX, and Duolingo, have shown their potential. How much does it cost to make an educational app? This is one of the most common questions that we get. Understanding market pricing is crucial if you're thinking about creating an educational app. The cost of developing an educational app can differ significantly depending on a number of variables, including the app's complexity, functionality, platform, and the location and experience of the development team. In this article, we'll look at the elements that influence the price of developing educational apps and give you a detailed breakdown of how to estimate the price of your educational app. So let's get going! 7 Factors that Affect the Cost of Building an Educational App Understanding these top factors is crucial before beginning any app development project. 1. Technologies You Choose The technologies you choose to utilize have an overbearing effect on the cost of education app development cost. Software and hardware are the two primary types of technology used in app development. a) Software technologies Programming languages, databases, and frameworks are all examples of software technology. The performance, scalability, and security of the program can all be affected by the software technology chosen. For instance, utilizing well-known programming languages like Python or Swift can save money because there is a huge developer community and an abundance of tools for these languages online. b) Hardware technologies The tools and equipment needed to develop and test the app are referred to as hardware technology. It's crucial to test the app on several platforms in order to enhance its functionality and compatibility. However, spending a lot of money on hardware equipment can raise the price of development. When choosing the technologies for your app development project, take into account the needs of the app, the app's target audience, and the project budget. 2. Platform You Build For Choosing the platform is essential when developing an educational app. Since the functionality, performance, and development cost of the app can all be strongly impacted by the platform you choose it is important to do market and audience research before selecting the platform. a) iOS and Android Due to the different development environments and coding languages needed for each platform, creating educational apps for Android or iOS can be expensive. b) Cross-platform As you can create an app for various platforms using a single codebase, creating a cross-platform app can, nevertheless, be a more affordable option. Cross-platform apps, however, might not offer the same degree of user experience as native apps. 3. Development partner Choosing a development partner, such as in-house or outsourcing, is important since it is a crucial part of the solution. A team consist of various members, which leads to the cost of your project. Here are some important development partner. a) Project Manager Any app development project's success depends heavily on project management. It entails organizing and supervising the development process to make sure the project is completed on schedule and on budget. Strong communication abilities, technological know-how, and expertise in app development are essential for a project manager. b) Developers Any initiative to develop an app depends on its developers. They are in charge of creating the app's functionality and coding the code. Ensure that your app developers are proficient in their skills and have extensive app development experience. c) Quality Control Team The app will be examined by a quality assurance team to ensure it satisfies the required requirements for quality. They run numerous tests to find flaws, fix them, and see that the program runs smoothly. The size and complexity of the project determine the cost of a quality assurance crew. d) Back-end Developers Building the server side of the program, including the database, API, and server infrastructure, is referred to as back-end development. The complexity and quantity of features required by the app will determine how much the back-end development will cost. e) UI/UX Developers Building the user interface and creating the user experience are both parts of front-end development. The design of the app, the number of displays, and the features it needs will all affect how much front-end development will cost. Looking for the right software development company to partner with? With over more than 10 years of experience in software development, we, at Third Rock Techkno, offer a broad range of software development services and solutions. Our expert professionals not only ensure timely project completion and product launch within budget, but also help your product find the right market positioning and help you grow to meet your business goals. Get in touch with us for free consultation! Get Free Consultation Now 4. Design and Interface You Finalize Design and interface are crucial to the project, as it will determine the user experience. The overall cost varies depending on the design and time to create MVP. a) MVP Development In order to evaluate the app's viability and gain user input, one can build an MVP (Minimum Viable Product) version of the app with the necessary functionalities. Building an educational app using the MVP (bare-bones) development strategy is a cost-effective strategy. This strategy can reduce expenses during the early stages of development and enable future development based on user feedback. b) App Design Designing the app's visual components, such as its icons, colors, and fonts, is known as app design. The complexity of the design, the number of displays, and the overall functionality of the app all affect how much it costs to create an app. c) User Interface User experience plays a key role in whether or not an educational app is successful. It entails creating an interface for the app that offers a seamless, understandable, and interesting user experience. The number of screens, the complexity of the app, and the intended audience all affect how much user experience design costs. view Education Software Solutions Development See More: What is Edutainment? Definition, Benefits, and Examples 5. Types of educational apps You can identify the features and functionalities required for your app and calculate the associated costs by having a basic understanding of the many types of educational applications. a) Kids Learning App Game-based learning kids' apps are designed to make the learning process enjoyable and engaging for children. These apps teach a variety of disciplines, including math, science, and language, using interactive games, quizzes, and videos. The level of complexity of the app, the number of activities and quizzes, and the intended demographic all affect how much it will cost to design a learning app for children. b) Language Learning Application Users who want to learn a new language are increasingly using language-learning apps. To teach language skills, these applications make use of interactive lectures, tests, and games. The level of complexity of the app and the number of languages affect how much it will cost to design a language-learning app. c) Tutoring Apps Tutoring applications let students interact with tutors online, giving them a flexible and practical option to get academic assistance. The level of complexity of the app, and its features, including scheduling and payment integration, will all affect how much it will cost to design a teaching app. d) Online education App Online course applications provide consumers flexibility, convenience, and access to a variety of courses in many different subjects. The intricacy of the app and the number of courses affect how much it will cost to design an app for online courses. 6. App Features You Want to Have The education app development cost will depend on the number and nature of the features that you include in the app. a) User - Friendly Interface: Simple, intuitive layout for effortless navigation. b) Cross-platform compatibility: The capacity to function on several devices and operating systems. c) Strong data management: Effective user data handling and storage. d) Content management system: Creating, editing, and organizing content is possible using a content management system. e) API integration: Integration with third-party tools and services. f) Security and privacy: Protection of user data and privacy through security and privacy measures. g) Analytics and reporting: Gathering and studying usage information to get knowledge. h) Scalability: The capacity to manage growing data and user traffic. i) Offline use and data synchronization: Possibility to use the app without an internet connection. j) Reminders and push notifications: Users are automatically informed of updates or reminders. k) Multilingual support: Ability to accommodate different languages for audiences around the world. l) Social media integration: The linking of platforms for sharing and participation in social media. m) In-app purchases: Ability to offer paid features or subscription plans via in-app purchases or subscription management. n) Chat or messaging features within the app: Allows users to converse while using the app. view Education Software Solutions Development See More: Digital Transformation in Education Industry: All You Need to Know 7. Maintenance and Upgrades Your App Needs Many times, companies neglect maintenance and upgrade costs while thinking about the question: how much does it cost to make an educational app? a) Server Costs: Ongoing charges for hosting and keeping up the server infrastructure for the application. b) Bug fixing and updates: Addressing app bugs and adding new features through routine maintenance. c) New features testing: Testing and quality control to make sure new features work as planned. Breakdown of How Much Does it Cost to Make an Educational App Here is a breakdown of the education app development cost. App Complexity Platform Country Cost per Hour Basic or MVP iOS/Android USA $120 to $150 Basic or MVP iOS/Android Eastern Europe $100 to $130 Basic or MVP iOS/Android India $25 to $55 Basic or MVP Cross-platform USA $90 to $130 Basic or MVP Cross-platform Eastern Europe $70 to $100 Basic or MVP Cross-platform India $15 to $45 Advanced iOS/Android USA $150 to $190 Advanced iOS/Android Eastern Europe $120 to $150 Advanced iOS/Android India $35 to $90 According to our experience, an educational app's development typically costs between $40,000 and $500,000. However, for really complicated apps, this price may increase to $1 million or more. For instance, a basic language learning program like Duolingo can cost between $20,000 and $50,000, while creating an app similar to Udemy or Coursera can cost anywhere from $80,000 to $500,000. What are the risks and challenges that can affect the cost? The following factors can increase the education app development cost. 1. Competition: There is competition among education apps to hire the best app developers. 2. Funding: There is uncertainty over funding for development and upkeep. 3. Technical complexity: Difficulties in designing and putting into practice complicated features. 4. Data privacy and security: You might need to implement data privacy and security measures according to the jurisdiction in which you are operating. 5. Educational standards and regulations: Need for adherence to rules and regulations for the industry can drive costs up. 6. Device compatibility and app updates: Updating apps and ensuring compatibility with new devices and OS versions. 7. Emerging technologies and trends: Keeping up with the newest developments. Why should you work with TRT? A leading educational app development company, Third Rock Techkno provides entrepreneurs and educational institutions with specialized e-learning solutions. Case Study: Our team created an application using Angular, NodeJS, MongoDB, and Elasticsearch for the National Institute for Newman Studies. The application's objective was to digitally preserve the institute's vast collection of historical records and make them available to users, including researchers and the general public. Our developers create engaging and cutting-edge solutions using agile development techniques. In addition to total project transparency and post-delivery assistance, we provide competitive pricing. We provide an innovative educational app that engages instructors and students, offers outstanding value, and has a track record of producing high-caliber work and expertise. Contact us to learn more about the cost and process of creating an educational app. Check out our portfolio to know more about our development projects. FAQs 1. How long does it take to build an educational app? The time it takes to build an educational app depends on the complexity of the app and the development team's size and experience. Generally, simple educational apps can take between 2-4 months to build, while more complex apps can take up to a year or more. 2. Is building an educational app expensive? Building an educational app can be expensive, but the cost varies depending on the complexity of the app, the number of features required, and the size and experience of the development team. It is important to keep in mind that investing in a high-quality app can yield a significant return on investment. 3. Will my educational app be profitable? The profitability of an educational app depends on various factors such as the monetization strategy, the target market, and the competition. It is important to conduct market research and create a solid business plan to increase the likelihood of profitability.
Blog Summary: The idea of a new business or app is both exciting as well as challenging. Before moving further, one must do an analysis on - * Which features are necessary? * Is there a need for your app? * Are there any competitors? Having an answer to these questions will give you an idea of how good your business idea is. Secondly, you must research the market before even moving a step ahead to test a business idea. Here we will cover all these in greater detail. What Is Business Idea Testing? Several business ideas come daily in our minds. But it's pretty essential to test business idea to turn them into success in the present market. In app development, you must test business ideas to understand how viable they are. Let’s say you have a business idea to create an app for food delivery. But unless you test it in real-time it will not be possible for you to understand how efficient it will be to serve the audience. The features like food delivery process, menu, order tracking, and others must be tested from the viewpoint of the present market trends, demand-supply, and other factors to test business idea or validate app idea and ensure its effectiveness. See More: How to Transform Your Idea for an App into a Successful Business? Validating App Idea You need to validate app idea or test business idea, to get an idea of how big of a problem your app will be solving and whether it is actually worth it. Whether users are ready to pay for your product? If it is gonna be a success? Most of the young entrepreneurs don't have an idea about these questions and just bring their product into the market. By validating your app idea, you are saving both your time and money. Rather than just giving it a go, have an idea of how warm the water is. Budgeting your time and money comes from the fact that when you validate your app idea, you get an idea about how well the product is suited to the market needs. Along with that, there comes other factors like the app position in the present competition, scalability, competitive advantages and others - that you can assess only when you validate app idea. See More: Expert Insights: How to Start a Tech Business as a Non-Techie Co-Founder Why Should You Test Business Idea Like App Idea? Testing your business idea has several benefits: 1. Helps You Save Time And Money Several entrepreneurs make this mistake as they want their product to be launched fast into the market, and thus, they do it without researching, thereby wasting time and money. Testing your business idea, on the other hand, helps you save your time and money significantly. 2. Gives You an Idea of the Market Landing in the water and seeing crocodiles everywhere is a sign that your end is near. This way you are risking your company as well as your resources. By testing your business idea, you can avoid such risks and position your business better. 3. Offers an Insight of the Audience Without knowing about the customer, how can one sell them any product? If you’re selling a toy to an adult, will it work? Thus, it is very important to have an insight into the customer requirements, needs, etc. which is possible when you test business idea. See More: Have an App Idea? Guide To Transform It Into a Profitable Business Testing Your Business Idea Like App Idea Without Development Below are a few steps which help you test business idea like app idea without development:- 1. Prototype Testing Whenever creating a product, it's essential to create a prototype of it as it gives users an idea of how the finished product will look and lets them test business idea efficiently. Prototyping can be done both on pen and paper as well as digitally. Let’s have a look at both. * Pen and Paper Prototype It is often used to create a paper-based model of the app screen. It is created using cardboard, stencils, etc. * Digital Prototype It's a computerized prototype for your app. It gives a schematic view of how things will look in your app and makes things look real. 2. Customer Survey Analyzing your customer is one of the keys to test business idea effectively, whatever business it may be. If you don’t know who your audience is, your business is heading in the wrong direction. One must be completely aware of the target audience, their key requirements and how to fulfill them, main pain points, demand patterns, behavioral patterns, average spending capacity and other relevant factors. 3. Market Research Launching a product in the market without knowing about the needs there, is similar to going to war without any weapons. As happens in the war, the opposite army will kill you in such cases, and here the opposing army is the other similar apps (if they exist). Let’s now talk about how one should conduct market research - * Is there a need for an app like mine? * What are the issues customers are facing? * How can I solve these issues? * Are there any competitors? * If yes, then how well are the competitors doing? Having answers to these questions gives you an idea about the market. This way, you can launch your product into the market without much risks. 4. Competitor Analysis Competitor analysis refers to looking at fellow competitors and knowing how well they are performing which plays a crucial role to test business idea. You need to have a look at what services your competitors are providing and what changes you can bring to it. Analyzing the weak points of competitors and making them your strengths are the characteristics of a good entrepreneur. This way, one can get an edge over fellow competitors. 5. Creating an MVP MVP is “the simplest form of your idea that you can actually sell as a product”. MVP or Minimum Viable Product is what can be called a dummy version of your app. To validate your app, MVP must do well. Launching MVP with minimal features provides the customers with an idea about the app and for the entrepreneur, it provides an idea about what changes could be made and how to bring them into the final version. 6. Landing Page Creation The landing page on a website is what attracts customers the most. Design a website for your app and create an engaging landing page that provides you with leads and doesn’t stop marketing it until you get the desired number of downloads or the goal you have thought for your app. The landing page gives users an insight into your project, and even though you haven’t started the product development, you can show valuable snips of your project and pitch it to the user. 7. Marketing You may have the best business plan in the world, but if marketing is not a part of it, you are doing nothing instead of wasting time and money. How will someone know about a product, if it doesn’t reach them? Your product is useless if you aren’t promoting it. There’s a rule called 100/1000 rule which goes by: “devise 100 ways to market your product, implement them and in that process, and talk to 1000 people”. This way you get an idea of the market, what strategies work and what don’t. This helps you to improvise, thereby providing a great addition to your marketing strategy. 8. Continuous Experiments After achieving the initial success, businesses often become stiff and don’t execute the necessary experiments which will help them take their business further. Not only are they stopping their growth, but their employees also develop a similar mindset. To prevent this and test business idea efficiently, you need to keep up with continuous experiments. Your business can grow significantly once you adopt an experimental mindset. This mindset is the one that big businessmen have and if you also want to reach there, you must have this. 9. Five Whys Approach One must adopt this process when launching their product to the masses. This approach has been adopted by several businesses and has helped them alot. Ask “why” to every customer, despite the fact whether they like the product or not. For example, if they don’t like the product, ask them why they don’t like it, if they like the product, ask them why they like it. This can help your business reach new heights. With new startups coming every day and most of them getting wrapped up within a year, one must think about what goes wrong with them, that they get wrapped up so early, even though their idea looks good on paper. The main reason they fail is not ideating their business properly and just bringing an unfinished product into the market and finally, getting out of funds. These things have become a major issue. I hope this article will help you address this issue and will be extremely valuable for you if you are planning to test business idea. Have a business idea or want to validate app idea, but don’t know how to pitch it to the developers, or how to start? Third Rock Techno got you covered! We have an experienced team that provides you with insight into how well your product will work in the market and how it should be made while offering a complete market-driven product development solution. Check out our portfolio and contact us to get started today.
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