The following is a rough breakdown of the projects total costs over a 1 year period, from start date to showcase, based on development and then team realization into the global industry through a dedicated team of 5 individuals including myself, all prices are estimates/ rough ideas:
Expenses | Cost per/month | Total (Per Annual Year) |
Adobe Creative Cloud Suite | £45.73 | £548.78 |
Advertisement/ Marketing | 37p (Per 1000 views) |
£440 Based on 10,000 views a month |
Computers | N/A | £4,000 (5 Computers) |
Launch Event | N/A | £21,299 |
Oculus Rift | £35.47 | £425.75 |
Studio | £833pm | £10,000 (Minimum) |
Travel
|
£100 (Per employee) | £6,000 (5 employees) |
Wages
|
£14 p/h (£3,024 pm p/p) |
£125,000 (Depending on experience) |
Total Cost | £17,642 pm | £167,713.53 |
- Wages: based on a minimum salary of starting £25,000 a year per employee (based on working on the project or one year including holiday).
- Travel expense: based around cost of public transport/ petrol cost to a studio per month.
- Studio: Cost worked out based on a small (6 people or less) office space in Lincoln. http://www.rightmove.co.uk/commercial-property-to-let/property-55037888.html
- Computers: Average good working PC £800 each minimum.
Contingency Plan: Pay a company to develop the product, price negotiable but less than total cost, however commission would possibly be added. Example Company: http://mintdigital.com/.