After being in the tech space for almost two years, I’ve learned quite a bit when it comes to the pricing of web projects. So…how much does a website cost?
A website costs time, it costs value, it costs behavior, and it costs relationships.
A websites’s cost is dependent on the time is takes, the value it brings, the behavior it causes, and the relationships it has.
Cost all depends…
Many agencies have hourly rates. Our blended rate is $150 per hour, we take our top strategists, our designers, and our developers and average out a blended rate. This is based on time. How long do we think the website will take to build? How many man hours? How many months? Websites can cost time, but they can also cost value.
How much value will building this website bring to your organization if we do right? How much value will you lose if we don’t do it? Value can be really hard to measure, but it’s something that you as a business development associate can help showcase by having your agency come up with an awesome and innovative web solution.
Behavior is another interesting thing to look at. What will the website do? How many features does it have? How much functionality do you need? Someone once told me about the Bermuda Triangle of pricing web projects: Quality, Functionality, and their relation to Cost. Most companies that have a small budget can choose either quality or functionality, but you can choose both.
And finally relationships. Will this be a good and easy relationship? Are they going to be a problem client? Will they listen to my advice?
The reality is, that websites can range from $1,000 to $1 million, it all depends on what you want! I read this incredible article, it’s a bit a the long side, but well worth the read. It’s all about agency costs and why we hate estimating. For anyone who’s been in my shoes, it’s really tough when someone asks you to give them a number, “well, just give me a number” – no, that’s a bad idea
Why? Because in order for me to give you an accurate number, I need to know more about what you’re trying to do. The solution is there, but it usually takes uncovering. I need to know things like business objectives, any creative objectives, what’s your timeline, what’s your budget. People have a tough time telling me that last one – budget. But I need to tell you why it’s so important. Budget dictates a lot of the solution finding process. It tells me that if you only have $15k to work with, then we probably can’t do any custom design for you, but we could take a pre-made template off the shelf and configure for you to be your own.
It’s a hard web to weave, and budget is crucial. If you don’t want to tell me your actually budget because of competition and the like, then I still need a range. Are you working with 10k or 100k. And beyond that I need to know what’s your timeline look like? Do you have a realistic timeframe? I ask a lot of questions, but this helps me get the answers I need to make a great proposal for you on your next project.
And just to let you know, not everything for a website takes 15 minutes. I love that one – “hey, I need you to put some forms on this site, that should only take a few minutes, right?” – WRONG! Working with working software is tricky, and can be daunting. So, keep in mind that it’s a process, anything you want to do (with the exception of writing a post, that’s relatively straightforward) will take time and therefore, money.
Check out this incredible article that I was talking about, it’s really amazing, but make sure you’ve got some time because it’s long!
Have any website ideas, or are thinking about putting together that next blog? Let me know.