How To Choose The Right Pricing Strategy For Your Python Project?
Are you interested in building your project in Python? Surely you are. That is why your search has led you to this blog which will explore various aspects of Python and guide you with an ideal way to hire Python developers. But before that, let us first take a glance at why the demand for Python is surging so extensively. Well, the answer is simple.
Python is simple to use and read and can create robust and scalable applications that deliver high performance. Besides that, Python-built applications are more cost-effective and take less time to market. It is a strong reason for the majority of enterprises to opt for their application development in Python.
Current Python Trends and Future Prospects
PYPL Popularity of programming language identifies Python as the most prominent language in the last five years. As per their reports, the market share for Python has grown by 13.4% from 2016 and is continuing to rise.
Apart from it, Python has topped the list of many such reports that suggest that Python badged the highest job postings in the digital markets globally in the last two years.
The soaring demand for Python is because of the wide range of applications it offers to corporations. Whether it is cloud computing, artificial intelligence, machine learning, or application development, Python can create applications for all spheres.
Python trends are giving solid challenges to all its contenders, and as the technology becomes more advanced, the role of Python in handling them will surely intensify.
What Projects Can Be Built Using Python Programming?
Python is a versatile programming language that offers application development in various fields. The most prevalent areas where Python programming can be used are:
#1. Web and Mobile Development
The market for web and mobile application development is extremely hot. Businesses are building apps with profitable business ideas at a tremendous pace, and Python provides strong inputs to make this happen.
Python offers multiple frameworks such as Django, Flask, Pyramid, and more to build high-performing mobile and web applications.
#2. SaaS Development
Software as a Service is another field where Python is being used extensively to develop subscription-based applications. SaaS apps are based on the cloud and need their code written in a language that is simple to read and execute to increase the application’s efficiency. Hence, Python is an ideal choice to develop SaaS applications.
#3. Enterprise or Business Applications
The world is becoming digital, and so are its business ways. Most businesses in today’s world leverage digital applications to carry out their workflows.
Businesses usually demand such applications that can easily scale when required. Python is great in this aspect, so it is leveraged for several business operations.
#4. Artificial Intelligence and Machine Learning Apps
Python is one of the favorites of data scientists as there are various AI libraries and packages available in Python, which makes their work easier. Apart from it, Python-built apps offer stability, flexibility, and simple programming, which makes Python adequate for machine learning and AI-based projects.
How to earn through Python-built apps?
There are several ways that can help you earn through Python apps, such as in-store purchases, advertisements, etc. However, these days, most businesses follow different app pricing models to earn through their apps. Let us take a glance at these different pricing models:
An application based on the free pricing model offers its functions and features without any cost to the users. The app earns revenue through the generated advertisements in their app.
- A higher number of downloads.
- Lesser user expectations.
- No guaranteed revenue.
- Low user loyalty.
- Advertisements sometimes lead to distraction and a bad reputation.
Apps that follow a paid pricing model are feature-rich and extremely useful for users. Paid apps offer full functionality and need to be purchased for downloading them to your device.
- A high number of loyal users.
- Good user ratings.
- Revenue gets bigger with time.
- High user expectations.
- Low prospective users due to the application cost.
Freemium (Free download with paid additional features)
Applications based on the freemium pricing strategy offer both free and premium features. The fundamental features of the app remain free but the users need to make a purchase of advanced app features.
Such applications usually earn through advertisements too.
- More organic traffic.
- Higher user engagement.
- Higher chances of in-app purchases.
- Proper app update management is required.
- Smooth in-app functionality is required.
Paymium (Paid download and subscriptions for features)
Applications based on the paymium pricing model are considered one of the finest apps available on the app stores.
They need to be bought at a price from the app store and further require subscriptions to avail of all the app’s features. Music apps and navigation apps usually follow this pricing strategy.
- Payments keep coming from all sources.
- A higher satisfaction rate of users.
- The low number of downloads.
- Regular updates are needed for the growth of the application.
How Much does a Python App Cost?
Coming back to our fundamental question, how to choose the right pricing strategy and suitable Python development company for your project. Let us explore that by first determining the factors that affect the cost of a Python application.
Factors that Determine the Cost of a Python Application
#1. Features and Functionalities
The cost to build a Python application is fundamentally dependent on the number of features and functionalities you wish to incorporate into the app. The more complex features that you add increase the development time and eventually surge the price of the application.
Apart from the features, the application’s design also impacts the development cost. Hence it is advised to discuss the features and functions of the app beforehand to get a proper estimation for your project.
#2. Time to Build
The time required to build your application usually determines its cost of development. If your app includes functions that are complex to build, the app may take more time to develop, and the price of the app is also likely to go higher.
#3. Design & Development Needs
Designing is a major part of the development cost for your application. You need to pay the web designers to create designs and themes for your app. In addition, you need to pay for hosting your website or app on a server to bring it into live-action.
You can hire a Python development company that takes care of all these aspects and deliver you a working application built from scratch.
#4. Maintenance and Support of the App
Businesses often overlook the maintenance costs of the app. Maintenance and support are key factors in the growth of an app, and it comes at a cost. Therefore, before you calculate the budget for your application, ensure you add the costs for the maintenance of your application.
What are the pricing plans of Python Development Company?
Before you analyze the pricing plans to hire Python developers, you must first identify your project needs and time considerations.
Pen down your project idea and list the features and functions you wish to add to the application. Also, set a budget for your application development and decide your time expectations.
Once you have identified your project requirements, start with:
Comparing the rates of different developers across the world
The cost of Python developers differs from region to region. Usually, most Python developers charge an hourly rate for their service. Here is a table to show the Python developers charges across the world:
Apart from hiring developers at an hourly rate, you can also hire Python developers with a monthly plan or for a complete project. Here are the various pricing plans offered by Python development companies:
This type of plan is suitable for small-scale projects where you can hire a dedicated Python developer at an hourly rate. The average cost for hiring a developer under this plan usually costs an average of $30.
Long Term Hiring
This plan is suitable for entrepreneurs who have a definitive project idea with a launch plan. This plan is ideal for mid to larger projects, and they offer guaranteed monthly productivity. Such a plan can cost you an average of $25 per hour.
This is the most advanced Python developers hiring plan, ensuring high efficiency with measured results. You get a team of developers under this plan, along with a project manager that ensures swift development of your Python application. This kind of plan is typically opted by mid to large-sized enterprises.
Looking for a Python Developer for Your Project Idea?
Now that you know the various aspects of hiring a Python developer, it is time to identify your project requirements and shortlist a few reliable Python development companies that can help you build the project you desire.
You may also consult our proficient Python developers to know the estimated costs for your project. Get going and build a profitable app for your business.
About the Author!
Angelia Davis is a content strategist and digital marketing enthusiast at Citrusbug Python Development Company, helping clients and their brands achieve their business goals, such as improving sales and market share, by developing integrated marketing strategies distinguished by research, engagement, and ROI conversion with web development and digital marketing services.