Service Cost

In the words of Colin Powell, “There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” And boy is he right on the money. As he should be of course. The preparation involved in finding out the cost of running my service the cost is very difficult for me to calculate at the moment. I have to take into consideration the cost of running the app service, the cost of paying each personal contractor signed up with the app service, and the cost of patents for the blue prints involved for the parts of the computers that are 3D printed. There also could be other costs I am unaware of at the moment as well which could play a role in the matter.

At this time the only specifics I am aware of consist of the prices of mobile app maintenance costs as listed online. To quote one website on the matter, “A good rule of thumb is to budget 20% of the cost of initial development when calculating how much it will cost to maintain software. If your initial development costs are $100,000, you can reasonably expect to spend about $20,000 per year to maintain your app.” Another website that listed a 2016 enterprise survey showed that annual cost of maintaining an app service consisted of 25.3% of companies spending more than $1.5 million, 5.7% spending $1 million to $1.5 million, 7% spending half a million to $1 million, 29.1% spending a quarter of a million to half a million, 24.7% spending nothing to a quarter of a million, and 8.2% spending different than that amount. This means that $250,000 to $500,000 is the most common budget for that part of the service alone.