How to estimate a website development cost: Part 3

#MagDigit

01

Who to hire and how to find the right talent

Hire an Outsourcing Firm, Outsourcing agencies charge more than freelancers because they have the necessary experience. However, their fees are significantly lower than those charged by local US agencies. You will only have to pay $50/hr if you hire an outsourced designer instead of a US-based one.

02

How Much Does it Cost to Create an Upwork-Like Website?

Creating a website like Upwork typically costs between $60,000 and $80,000. Key features include Google Maps API, third-party integrations, integrated payment systems, filtering options, PostgreSQL database management, user identity changes, and real estate listings.

03

How much a website like Fiverr costs to build?

Building a freelancer marketplace platform like Fiverr typically costs between $50,000 and $70,000. Key features include sign-up/sign-in, user identity changes, order tracking, payment gateways, customer testimonials, filtering options, dashboards, and social media integrations.

04

Calculating the overall projected expenses

Website development costs range from $1,000 for basic sites to over $95,000 for complex designs. Initial expenses can be $12,000 to $150,000, with monthly maintenance costs of $35 to $5,000, leading to annual expenses between $400 and $60,000.

05

The following is the most important takeaway:

Website development costs vary based on the website type and its complexity. Understanding the classification helps plan necessary functionalities and technologies. MagDigit offers a tool for small businesses to estimate development costs by selecting relevant features and services.

Your site is the public representation of your business. Therefore, developing a website that is both visually appealing and functional needs to be your main concern. If you are serious about growing your company through the use of your website, you will need the assistance of a web development partner who has experience.

Conclusion: