How much does it cost to build an MVP (Minimum Viable Product)?

There’s no specific answer to your question as the cost of any software basically depends on your requirements. Also, the final cost can change depending on the number of iterations you want in the MVP.

To elaborate, as MVP develops on multiple rounds of consumer feedback, it can have several changes in features. All these changes will be additional to the original development cost. For this reason, the majority of software development companies prefer to work on hourly rates.

Now, there’s a huge difference between the hourly rates depending on the country you select for MVP development and the reputation of the company. To give you a brief idea, below are some estimated hourly rates of different countries:

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Even when you find an MVP development company that fits in your budget, I will recommend you to consult other companies as well and get a quote. Later, you can compare all companies based on their skills, reputation, portfolio, and customer support.

Some websites that you can use to find cheap but reliable MVP development companies are G2 and TrustPilot. These websites rate and review various companies so that you can skip the hard work. Below are some MVP development companies that have been top rated on G2:

I have posted some links to the G2 profiles of some renowned MVP development companies:

FATbit Technologies: https://www.g2.com/sellers/fatbit-technologies

Scrum Digital: https://www.g2.com/products/scrum-digital/reviews

VStrom: https://www.g2.com/products/web-mobile-app-development-with-product-design/reviews