Knowing the influence of the internet in our lives today, it will be difficult to imagine our lives without it. There are a plethora of internet-based services that have revolutionized the world such as emails, blogs, social media and so many of them. The day we are today, would have not been the same, if these services were not available.
Yes, it is hard to believe but Netflix was founded in 1997 whereas Google was in 1998. Initially, it was providing DVDs through the traditional pay-per-rental model but soon after, in 1999, they launched the distribution of TV programs and movies. By the time they have established as an excellent entertainment provider company, it led to a successful IPO in 2002.
Going down the memory lane, back in 2002 Netflix made an offer to blockbuster for acquisition in $50 million which they denied. Now, Netflix is valued as a $20 billion worth company.
The movie and TV show streaming company enjoys 60 million subscribers globally with a $5 billion yearly revenue. Back in 2006, the app also created a loop of the best recommendation algorithm which costs a million dollars. For improving the recommendation feature of titles, the application has spent $150 million on the improvement of the algorithm.
Factors Deciding the Cost of Netflix like Application
Having known such incredible thoughts about the application, learn about the factors that decide the cost of Netflix or YouTube.
These applications come under the database category apps, which requires a heavy backend for break-free data streaming making it one of the major cost deciding factors.
The more the features, the more would have cost. It is better to keep only core features in version 1 of the app to reduce the cost. More features can be added in the next version once the app is geared up.
People do not like using complex applications. So it is important to keep the design simple and standard. A simple design allows users to get the content they are looking for and helps them stay hooked to the application.
There would be a considerable difference in the cost of the application depending on the app platform such as Android and iOS. The applications developed on Android would be costlier than applications developed on iOS, as it needs to be considered for different devices and screen sizes.
It is better to prefer India for development rather than in the US. Especially entertainment application companies like WebClues Infotech and AppClues Infotech are the most preferred companies to develop such kinds of applications.
Prefer integrating mobile wallets into your app. It takes less time to make payments for users while eliminating a lot of payment hassles.
After all of the above demonstrations on the popular application, it is significant to look for reasons to opt for an application like Netflix.
Reasons to Make Application like Netflix
• It makes a very stupendous blend of popularity and entertainment allowing people to watch the series and movies at any place and time.
• There is no word like ‘missed episodes’, there are no boundaries of schedule and place.
• The application has a personalized title recommendation that attracts the majority of the users towards it.
Monetization of Netflix like Application
After you approve the reasons for creating a Netflix-like Application, here is a way to generate revenue out of it. Initially, provide a free trial, and later, it’s best to offer users a flexible system of subscription monthly, quarterly, or yearly basis.
The place can be further sold to potential advertisers, but, the ads must be relevant. Another option is to monetize the app by charging subscribers on the pay-per-view. If the app has an option to provide the feature of online broadcasting, you can offer live streaming for free and charge for the archived content. Each video session on the application can be linked with the analytics. The data you gather includes a real-time view of ownership, traffic, engagement levels, and more is of great value to the third party.
The world denotes Netflix as a commercial-free movie or TV show platform, which provides all the episodes of a series in a row, taking the viewing experience just to another level. Giving users the world of entertainment, it is accessible for multiple Android and iOS devices.
The rough estimate or approximate cost of developing an app like Netflix is $10,000 to $25,000 every platform. At AppClues Infotech, we are capable of developing the best app like Netflix or YouTube that can earn you more users.
Features engraved to make video streaming app like Netflix:
• We list the content in already existing library or make use of an integrated search feature
• We can create up to five separate profiles in a single account
• Our designing and development team will ensure the app offers new TV shows and films according to the preferences
• The app can have the feature to rate the film viewed. In that manner, it will sort out the films you prefer watching.
In technical terms developing an app similar to the existing popular or market leader app in any category is called Clone Script Development. The clone scripts are mostly developed by experienced developers who can completely duplicate the app and provide an option to make necessary edits to it so that any new business can launch the app with the same functionality but with a different app name.
Before starting the development process it is important to remember that Netflix is the market leader in offering entertaining content to its user’s through movies, web series, documentaries, etc. So developing an app similar to Netflix is not a one man’s job as you would require a team of expert developers for the same.
Expert App Developers required in developing app similar to Netflix
1. Netflix App Development Project Manager
The work of a project manager is to understand the complete requirement of the customer in coordination with the business development team. Once the requirements are understood the project manager list out the work to be carried out and the development timeline required. The work requirement is then allocated to individual experts and then during the complete development process taking note of the progress in development and making necessary changes as and when required.
2. Front End & Backend Developer
As the name suggests the work requirement for the front-end developer is to develop UI/UX, App Structure, App Elegance, etc. The work of a backend developer is to set up a system that could support the front end of the app. The backend includes various technology stack knowledge for its development.
3. Android & iOS App Developer
The Individual experts are required to develop apps for android and iOS depending on their skills. A Full stack developer can carry out the development of apps like Netflix for both android and iOS but it would surely not be par to the expert individual developer.
4. Graphic for Web Designer
The elegance a user feels while using the app is going to be fulfilled by a quality graphic designer. The graphics used in website and app development should be of high quality but of small size as well because the larger the graphic size the more would be its loading size. So the graphics should be developed considering the same.
5. Quality Analyst
The job of a quality analyst is to test the app developed by the developers for its performance, bugs, errors, and all other factors that guarantee the best performance of the app. The better experienced the developer the better would be their capability to analyze human behavior and so the overall quality of the product is maintained before launching the app.
If you have a huge investment then the better option is to hire your own development team or the other best option is to hire a professional web and mobile app development agency where you can get all of the above team members in one spot.
Read more about Cost to Develop App like Netflix
Netflix has been a trailblazer in the Over-the-Top (OTT) phenomenon that has captured the whole world in the digital era. It earned a whopping $25 billion in revenue in 2020 that includes $10.64 billion from subscriptions alone.
Entrepreneurs aspiring for Netflix like app development need to follow the below-mentioned steps to achieve all their objectives successfully.
Understanding the short-term and long-term business goals - along with the operational scope of the Netflix like video streaming app.
Studying the existing market conditions and the strategies followed by other OTT platforms.
Developing the Minimum Viable Product (MVP) with a set of basic features and functionalities.
Checking if the MVP is working fine - in terms of performance and security.
Adding all the required features - in the solution through extensive front-end and back-end development. It includes creating the UI/UX design and setting up the operational server.
Conducting rigorous testing - of the full-fledged Netflix like app to get rid of technical bugs and glitches.
Launching it officially in the target market - at the appropriate time to get more business traction.
Undertaking in-depth promotional campaigns - on social media platforms, online forums, paid advertisements, and through influencer marketing. The benefits of Netflix like video streaming app will be shared far and wide.
Entrepreneurs can win the content streaming war in the world by taking efforts for Netflix like app development. The growth prospects are bright and a steady inflow of revenue is ensured through subscription plans from users, advertisements, and content licenses from producers and directors.
Netflix is a streaming service that allows our members to watch a wide variety of movies, TV shows, documentaries, and more on thousands of internet-connected devices.
Netflix is no way less than a leader of the video streaming industry which has become a rage among the young viewers. Netflix began this journey as providing the DVD-by-mail business in 1997 but today Netflix has a customer base of 118 million paid customers.
Clients can download and use this application for free amid the principal month. At that point a computerized membership and buys are coordinated into the application. For instance, in the event that you subscribed by means of iTunes, installment is made by means of your iTunes account.
Major factors to focus while building video streaming apps like Netflix:
1.) Social Login & Sign-ups
2.) Multilingual Content
3.) Promote your app
5.) Local Storage
6.) Push Notifications
7.) Unique Design
If you are planning to build a video streaming app that is similar t Netflix, be prepared to face challenges. Unless you are an expert, you may have a hard time figuring out solutions to various challenges. If you are not sure how to go about it, the best thing you can do is approach an online video and streaming app development firm like HireFullStackDeveloperIndia to build the best online video and streaming app for your business.
Features Given by us to build app like Netflix?
Reviews and ratings
Blocking of screenshots and screen recordings
Video quality adjustment
We are a global technology services company known for world-class entertainment app development, which develops entertainment/live streaming apps for leading media and entertainment companies and startups globally.
Get the best Netflix clone app from us , a well renowned app development company that excels in building clones of popular mobile and web applications.