How Much Does It Cost to Develop an App Like Netflix?

How Much Does It Cost to Develop an App Like Netflix?

In a highly competitive business environment as today’s, every individual is reeling under the stress of work, business, and several other things. To get ourselves distracted for a while from all this, we turn to entertainment. And in this era, it comes in the form of online TV shows and movies.

When we so much as just think about TV shows, the one app that comes to our minds is Netflix. It is one of the best online streaming platforms on the global level offering a variety of movies, TV shows, and documentaries for the audience to enjoy.

There is hardly any mobile device user in this world who does not use the Netflix mobile application. This dynamic app gives mobile users access to the best available streaming videos online. It provides flexible subscription offers that allow users to easily afford various packages.

A Brief History of Netflix:

Netflix was introduced in 1997 by Marc Randolph and Reed Hastings as a company that provided DVDs by charging their customers monthly.

In 2007, they introduced a feature that allowed customers to subscribe and stream TV shows, movies, and other videos directly to their computers. And come 2012, they took up an active role as distributors and producers for both movies and television series.

Today, Netflix has a mobile application for both Android and iOS platforms. It consists of a massive library of video content to watch, including original programs, movies, and series from various languages. It offers so much that it has active subscribers in 190 countries.

How to Build an App Like Netflix?

As per global statistics, 73% of online streamers have preferred Netflix as their choice of application. Here is how you can go about creating an app like Netflix:

Develop a Unique Strategy:

Building every mobile application starts with a unique idea and strategy. The strategy must be designed to define how your application needs to work and what features you need to include. There are a few aspects you need to address when developing a strategy:

· Creating effective app marketing strategies.

· Creating content for the app.

· To create a flexible interface.

Choose the Platform:

Creating an app like Netflix is not an easy project. Therefore, it is ideal for you to begin with a minimum viable product. Based on how well it is received in the market, you can further modify it.

As is the case with every business enterprise these days, they want to cover both the mobile app platforms. Hence, it is a better choice to go with cross-platform app development which helps developers create a single app for both Android and iOS devices.

Form an Efficient Team:

To build an efficient mobile app, you will require a highly skilled development team that can utilize various frameworks in the best way to deliver a cost-effective process.

App Designing:

It has been proven through extensive research that a high-quality UI/UX design generates up to a 400% conversion rate. Hence, every penny spent on the design part is essential. At the end of the day, satisfying customers and earning their trust is paramount. And a good design leads you towards a good ROI.

Pick the Right Technology for Development:

While choosing the perfect team is important, it is also important to equip the team with the best frameworks and technologies that will help them in creating an engaging video streaming app in minimal time.

Build Your Content:

In a video streaming app like Netflix, content is the like the core. Thus, you must decide the type of content you want to use for your app. It could be original content that your team created or videos from an external distributor. Business and marketing analysts can take a call about which strategy will help your app better moving forward.

Monetization Model:

Netflix first attracted most of its users by giving them a free trial for a month and then the option to proceed with a monthly subscription. Although a good lot of users would use the free trial and not come back, the content Netflix gave generated more than 55% subscribers.

Here are a few monetization models you can use for your app:

· Pay-Per-View: PPV charges users whenever they stream a video on the app. The tariff per video could depend on the popularity of the video, when it was released on the web, etc.

· Advertising: This strategy involves using an advertising platform to reach out to target audiences.

· Subscription: This is the strategy used by Netflix where they charge the users for their membership over a certain period. This could involve making payments once a month, half-yearly payments, and yearly payments.

Integration with Social Media Platforms:

Social media integration is one of the most productive ways to promote a mobile app online. Users can share links to videos on their social media and give your application increased visibility.

Although Netflix has not provided users the option of signing in from their social media accounts, you can add this feature in your app as it is preferred by several users.

Multiple Language Support:

This feature allows users to stream a show or movie in their preferred language and to reach out to audiences in different geographical regions.

Closing Thoughts:

You can create an engaging online video streaming app cost-effectively by outsourcing your development services to us, Sapizon Technologies. From development to launch, we serve our clients with full commitment and deliver according to their expectations.

Our mobile app development services include Native Android app development, native iOS app development, Hybrid app development, e-commerce app development, enterprise mobility solutions, and more.

We offer you a free consultancy