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December 23, 2024
CoStar is the trend of Astrology and the plot twist—even your app can be the next booming business. But why should you invest in CoStar astrology? Let’s revile!
Banu Gule, the owner of CoStar, took the astrology business to the next level. The entrepreneur typically changed the astrology vision beyond celestial charts and mysticism and renewed its definition with her AI-driven CoStar astrology app.
Launched in 2017, the company garnered 5.3 million active users worldwide with this unique business approach and definitely with the intuitive app. In fact, the company profited more than $6 million in investment.
And guess what!
The revenue earned by CoStar Group as of September 30, 2024, is nearly $692.60M with 10.87% growth. The revenue for the company’s last twelve months thus stands at $2.67 billion, an increase of 11.67% year-on-year. Besides the year 2024, the application had an annual revenue of $2.46 billion with an approximate growth of around 12.49% in 2023.
So, want to be the next astrology business unicorn?
In this post, you will find everything about how to create app like CoStar Astrology. From steps to cost, you will find everything in depth!
Keep reading!
Step-to-Step Approach to Invest in a CoStar Clone
Investing billions of dollars in a business raises concerns about whether the expenditure is worth it. The software will only show this if it is developed carefully.
Here are some of the steps you must take in note while opting to invest in a CoStar clone:
Analyse The Whole Market
If you choose to go for the CoStar clone app development then there must be a complete market analysis at the start. Research on your rival competitors who have been succeeding in this kind of intense market. Know their strengths and opposition. Through this, you could come up with a strong strategy for your business in making an efficient and going like a butter-whitelabel CoStar.
Hire the Right Development Team
After you have planned your overall strategy, it’s time to hire the right app development company. You can hire a dedicated and reputable astrology app development company after you build your strategic plan to get a CoStar clone. A genuine development company adds value to the CoStar clone. With the right expertise and knowledge, they help businesses develop a top-rated CoStar clone.
Incorporate Top-Notch Features & API
Once you have your overall strategy in place, then it’s high time to proceed with picking the right app development company for you. Once you’ve designed your strategic plan on getting a CoStar clone, then you could hire a dedicated and reputable astrology app development company. A genuine development company adds value to the CoStar clone. With the right expertise and knowledge, they help businesses develop a top-rated CoStar clone.
Create Solid UX/UI Designs
To retain loyal, high-end users to your app interface, you have to get a great user interface. It must be easy and fast to find what users want. Also, very attractive brand imagery and identity. Specifically, it should work across all mobile devices without interruption.
Testing & Deployment
It’s the time to put your app into the world, notwithstanding. Your app must undergo all the essential tests before you put it up for deployment. If you leave it without testing, there will be so many bugs and glitches in the working condition at the launch. So, after all testing of your app has been completed, your app would now be capable of deployment on various platforms. Launching your astrology platform on both iOS, Android, and so forth, will complete your dream of launching this app.
Maintenance & Updates
Each of the critical components has been covered in the strategic planning for the CoStar clone app: feature integration, user-centric UX designs, and testing and deployment. However, you should keep the maintenance updates coming in from time to time because this is a critical function in keeping users empowered and connected to you. Different analytical tools could be used to track user behavior and engagement so that it could be improved.
Must consider looking to your audience’s suggestions and make adjustments in your invested app, if necessary. Check also the conversion rates of the app, sales, and customer satisfaction measures. Track user behavior and see if they faced any hurdles or went off course.
Generate Revenue With Apps Like CoStar Astrology
Getting a Clone apps like CoStar is worth the investment, not just because the original app is doing great, but because the market has made a profitable outcome. Meanwhile, the CoStar astrology app uses a freemium model, which uses an in-app purchase method to generate revenue in the app. However, astrology startups can opt for various revenue generation ways to ensure the profitability of their business.
No wonders there are several ways to generate profits from the CoStar Astrology app development. But here, we share only a few of them-
Astrology Marketplace
The first avenue is the astrology marketplace where one can yield high profits. Allow astrologers to provide their services on your app and then bring in a profit from charging listing fees, in-app promotions, and subscriptions through the app. This will increase their user base and eventually, after credibility having been built in the industry, it becomes a significant source of revenue.
In-app purchases
Indeed, another quite popular and efficient source of income is from in-app purchases in astrology mobile applications. The majority of astrological solutions require tools, gemstones, beads, rituals, and items used to perform rituals (like feng shui). These you can list for the clients on your CoStar astrology-like app. More emphasis would be on spending time on your astrology app and doing online purchases on the audience you target.
In-app advertisement
Integrating in-app advertisements is a significant revenue source for in-app ads and promotions. You can get associations with gemstone dealers, local merchandise vendors, or other sellers and allow them to advertise on your site.
These methods, and many more, can be used to generate revenues from your app. However, you may still emerge with such an option for earning more with your app. Further, most businesses have to do the market research in order to open other avenues to revenues. Other income generation techniques are data monetization, premium subscription plans, sponsorships, and so on.
Cost To Create App like CoStar
Well, if you’ve really made your mind up to develop an application that seems like CoStar, it is the time to apprize you on how much it actually costs to develop an app like CoStar. There is no specific count of figures with which one can estimate the actual cost of developing the application like that of CoStar unless involved in its development and strategic planning. However, as you understand, the average development cost of making an application like CoStar depends upon many factors.
Though this speaks about that, the average cost of developing a CoStar application can range enormously from $30,000 to $250,000. If you want to invest in cloning CoStar, you may consider a budget ranging from $25,000 to $150,000. But note that it is just a probable figure. It is actually very complicated to define beforehand the exact amount.
To have an accurate estimate, businesses need to know several differentiating factors to make a project successful in development costs. Generally, cost will be lower and higher depending on number of factors.
Interested in knowing those factors? Here is the detailed understanding for you:
Factors Affecting The CoStar App Development Cost
Indeed, while there are innumerable factors that affect the development cost of an app like CoStar, we would like to point out a few such factors that might affect the development of an app like CoStar. Here are some factors affecting the cost of CoStar app development:
Complexity Of The app
| Complexity level | Cost range |
|---|---|
| Simple Complexity | $10,000 to $30,000 |
| Moderate Complexity | $30,000 to $70,000 |
| High Complexity | $70,000 to $150,000+ |
Platform Type
| Type Of app | Average Cost |
| Native apps ( Android & iOS) | $50k- $100k |
| Web app | $15k- $50k |
| Cross Platform | $25k- $60k |
| Hybrid apps | $10k- $150k |
Development Team Expertise
| Expertise Level | Estimated Hourly Rate |
| Senior Developers | $100 – $200/hour |
| Mid-Level Developers | $60 – $120/hour |
| Junior Developers | $30 – $60/hour |
| Freelancers/Contractors | $25 – $100/hour |
API Integration
| Complexity Level | Description | API Integration Cost |
| Basic Integration | Minimal API, Limit definitions, Basic data handling. | $2,000 – $5,000 |
| Moderate Integration | Multiple API endpoints, more complex data handling including some custom logic. | $5,000 – $10,000 |
| Complex Integration | Extended API integration, advanced data processing, and specific features added to it. | $10,000 – $20,000 |
Development Region
| Region | Costing |
| United States | $100 – $150 |
| Western Europe | $80 – $120 |
| Eastern Europe | $40 – $80 |
| Asia | $30 – $60 |
| South America | $25 – $50 |
| Africa | $20 – $40 |
Reduce Investment Cost With a Strategic Approach
Investments are a huge factor that can distress an entrepreneur. Specifically, when it’s your first time, investing a huge amount can be stressful. That is the reason we have come up with some cost-effective strategic approaches for you to start your astrology business online.
Here are some ways to reduce your investment costs:
Use Cloud Services
Businesses looking for a cost-saving business investment can definitely use cloud services to enhance their scalability. Cloud platforms such as AWS, Google Cloud, or Azure provide firms with a pay-per-use model. Thus, companies can modify resources without any second thought to align business demands.
Additionally, cloud services offer services and tools that potentially enhance development processes, such as machine learning abilities, databases, and serverless computing. Thus, integrating cloud solutions can reduce development costs and provide a more flexible, scalable infrastructure.
Use an Agile Methodology
Businesses can also use the Agile methodology to enhance teamwork, adaptability, and quick action during development. This methodology allows for step-by-step growth, ongoing testing, and frequent changes inspired by feedback.
However, keep in mind that full-cycle software development helps spot problems sooner, reducing the cost of resolving issues later. Quick methods like Scrum or Kanban boost good project management. They ensure innovative resource use and keep development moving forward.
Minimum Viable Product (MVP) Approach
To create a horoscope, it is essential to start with a simple, key-feature version of your app. MVP development, or minimal viable product, for your business, enables businesses to get user feedback early on to guide future changes.
With this minimal viable product, entrepreneurs can introduce their business app at the beginning of their startup. Doing so helps them check its concept validity, pull in early users, and secure more funds for increased development. Also, with the help of the MVP process, businesses can slowly but perfectly grow their app, reducing the initial costs while avoiding spending money on unneeded features.
Simple Design
The easier the layout for the developed app, the easier the time taken to prepare the app. And yes, a good, yet easy-to-access user interface is also important in CoStar Astrology app development. Well, because avoidable complexities often add to their extra costs in the development process of building something like CoStar.
Choose a simple and sophisticated platform design that is structured exclusively to the principal user experience. Too many movements, tailored graphics, and highly detailed UI elements in the extreme should only be used if they noticeably add to the app’s utility. A simple yet engaging layout is enough to boost production speed but also effectively betters general user interactivity.
Outsourcing Mobile App Development:
Consider bringing outside help on some aspects of the project, including jobs that may not be very relevant to the central goal of the project. The work may consist of developing visuals, checking out the work, or even doing the backend development. Consider investing in the outsource app development company to use world-class talent at a much lower hourly rate than in-house employees.
However, clear interaction and exact project details are essential for any development company to get you what you are looking for. Outsource to trusted outsourcing partners who have already made a name in the industry. They will have standards for maintaining quality in whatever they do.
Open-Source Solutions
Use free, commonly available resources to speed up development and cut costs. There is now a wide array of really high-quality resources for truly common requests, which means that most coders will only need to create some modules from scratch.
Most important after all that is checking the license, community back, and fitness of these free solutions towards your projects’ needs. Make sure to use correctly managed shared technologies as it can reduce overall time and costs for horoscope applications.
Cross-Platform Development
Make a decision to use shared development platforms such as React Native or Flutter. These platforms enable the creation of program codes that can be used for both Android and iOS app development, reducing the need for different regulations.
However, by using a major part of the code several times, one saves time and cost in development. However, it is paramount to take a step back and think about the special needs of your app.
Also make sure that cross-platform development suits your business requirements. Contacting one of the leading Android app development providers for developing an app like CoStar on the platform of Android.
Prioritize Features
Make sure to highlight and rank the key features in conjunction between the users significantly and the app itself. Still, the most important aspect includes making investments, like building an MVP. This reduces initial construction costs and puts the app out there faster. Once you have decided on the steam for your business, add the other features in the updates. This helps enterprises test the market for a unique version, gather user feedback, and make informed decisions on future feature additions.
Hire RichestSoft As your Reliable Partner
Investing in a ready-made astrology app similar to CoStar? Well! You should involve expertise like RichestSoft in it!
RichestSoft is one of the most reliable partners in developing astrology apps, concatenating technical capabilities with an intense appreciation of costume astrology. We’ve an experienced developers team for both iOS and Android, which brings the needed expertise to make your app feature-rich and suit business and audience expectations.
From AI-based palm readings to interactive tarot sessions, we specialize in including personalized features in the CoStar astrology app. We can seamlessly help you provide users with a useful cosmic experience that distinguishes your app amid the competitive astro-technology market.
Should you be thinking about starting an astrology business venture or have some doubts regarding it, just contact us!
Conclusion
From the post mentioned above, eventually CoStar app development is not an exception to the list of great entrepreneurial opportunities for everyone who wishes to speed up business growth. But be reminded, for all those who are thinking of developing an application just like CoStar, the price range here is concept-driven. It varies based on elements such as features and complexity.
Investing in building a solid online business is worth it only when you have the right expertise. However, app development in this industry not only requires astrological knowledge but also needs a strategic approach to possibly increase the income sources. Doing so will help businesses opt for a profitable choice for those interested in the booming astrology industry.
