How Much Does It Cost to Develop a Shopping App Like Temu?
App Development
29Feb 2024
Table of Contents
Apps are a sensation in the twenty-first century's digital era. Applications have made a million lives easier. These programs are always there to rescue. Today, as users, you can not only save your time and effort by using apps but also retain your peace of mind. If you need urgent transactions, there are many handy financial apps to keep you from the tedious bank visits.
If in need of a full belly meal at five in the morning, you can get your favorite cuisine to your door the next minute! Today app development is significant for several inevitable reasons. Applications can hold significant capacity to offer A-Z services on the go! If you are a budding entrepreneur, you must have had at least one assumption to hire app developers.
E-commerce Apps - A Leading Investment Choice for Modern Ventures
With the significant rise in smartphone sales, there is a sharp shift in the way mobile users interact with goods and services. Today, rather than going with word-of-mouth marketing and browsing websites, people prefer to grab all the opportunities from a mobile app.
Rather than spending time browsing websites or relying on word of mouth, people prefer quick app searches today. E-commerce apps are one of the most predominant categories of applications customers prefer to use today.
It offers a handy and time-saving medium to buy/sell a service or a product. Hence, it is evident that small businesses, startups, and enterprises are consciously investing in developing consumer-centric mobile applications.
As a small business body, collaborating with an Ecommerce app development company is the most affordable way to get the job done. One of the most invested and explored e-commerce apps by businesses worldwide is none other than ‘Temu.’
You would be interested to know that the global market of mobile applications is assumed to reach $756 Billion by 2027 at a CAGR of 8.58.
Also Read | How to Develop an ECommerce App Like Amazon
What’s the Buzz About Temu App?
Temu app is a predominant sensation when it comes to the field of e-commerce app development. The prevalent digital shopping application allows retailers in China to sell and courier directly to buyers. The advantageous part is that the process does not require any middleman. Temu went live first the first time in September 2022 in the United States. In fact, it became one of the most downloaded applications for US users. Customizable user experiences and streamlined navigation technology are two of the features that add a competitive edge to Temu.
Why Must You Invest in an eCommerce App Like Temu?
The application with its popular slogan ‘shop like a billionaire’ has mastered the flair of reward systems and gamification. It is thrilling how it is transforming the notion of digital shopping into an effortless and fun experience! As per stats, in November 2023, Temu attained a considerable 17% market share in the discount store sector of the US.
Investing in apps like Temu provides businesses a global exposure. It also offers a medium to deeply network with a dynamic customer group.
Also Read | Cost of Building an E-Commerce App Like Namshi
Cost to Develop a Shopping App Like Temu
The cost to develop an App Like Temu may vary based on several factors. Generally, the overall expenditure can vary from $50,000 to $200,000. These costs are typically affected by the project’s in-demand features, complexity, and technical requirements.
If you are targeting to create an app like Temu, one of the top aspects you must consider is the cost. To put it simply, the budget estimation for developing a similar app interface can vary from $50,000 to $200,000. You can expect to encounter more fluctuation in the range of prices. This is because the cost usually varies based on the following factors:
- Desired Features
- Project’s Complexity
- Technological Requirements
Let us take a more in-depth look at the budget breakdown at each stage:
1) Planning and Research
Planning and research act as the first thread of the entire project. During this stage of complexity, the development team inputs substantial time and effort in comprehending the project needs in the first place. The process also includes more intricate steps like identifying the latest market patterns and understanding its audiences. The process can take somewhere between 20 to 80 hours while the cost can range from $1,000 to $12,000.
2) Design (UI/UX)
Here comes the blend of technical and creative parts that also require plenty of groundwork. Designing a user experience (UX) and user interface (UI) demands clear intuition and vision.
E-commerce applications impose high importance on aesthetics. They demand an aesthetically pleasing and catchy platform to trap the audience's attention. The number of hours can roll between 100 to 300 hours, while the budget varies between $5,000 to $30,000(approx.)
3) Testing
The process of testing and QA is implemented to detect potential challenges and resolve them immediately. This is a prolonged process and can take from 100 to 200 hours. Besides that, that cost can vary between $5,000 and $10,000 and beyond.
4) Backend Development
In short, the backend development process includes designing the APIs, server-side logic, and database. The duration of 200 to more than 500 hours can cost apps like Temu a range of $10,000 to $25,000(approx.) The Temu shopping app development cost or the budget of similar apps the hours of development.
5) Development
The development process for a basic e-commerce app can be complex and might require 400-800 hours. Code-d is the app’s main functionality. E-commerce app developers can charge from $20,000 to $80,000 (approx.) for this process.
6) API Integration
The 40-80-hour integration process includes assimilating third-party APIs into the apps for better functionality. The cost might range from $2,000 to $4,000(approx.)
Winding Up
Today e-commerce apps are highly customizable and offer adequate space for upgrades. E-commerce app development companies are highly focused on coming up with innovative strategies that offer maximum functionality to all scopes of businesses. However, the cost is a key factor you must consider before making an investment decision. The cost breakdown is pragmatically evaluated to provide you with an approximate idea.
Harnil Oza is the CEO & Founder of Hyperlink InfoSystem. With a passion for technology and an immaculate drive for entrepreneurship, Harnil has propelled Hyperlink InfoSystem to become a global pioneer in the world of innovative IT solutions. His exceptional leadership has inspired a multiverse of tech enthusiasts and also enabled thriving business expansion. His vision has helped the company achieve widespread respect for its remarkable track record of delivering beautifully constructed mobile apps, websites, and other products using every emerging technology. Outside his duties at Hyperlink InfoSystem, Harnil has earned a reputation for his conceptual leadership and initiatives in the tech industry. He is driven to impart expertise and insights to the forthcoming cohort of tech innovators. Harnil continues to champion growth, quality, and client satisfaction by fostering innovation and collaboration.
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