Having a strong digital presence is no more a choice. If your customers cannot find you online, they can easily switch to competitors.
The best way to avoid that situation is to have a website that correctly showcases your business and its offerings. You are giving your competitors an advantage if you do not have a feature-rich website.
When you think about creating one, you probably wonder how much does it cost to build a website. The website development cost depends upon various factors; this blog will cover them in detail. Let’s find them out.
Factors that Influence the Cost to Build a Website
1. Type of Website
The crucial factor that affects the cost of developing a website is the type of website you want to develop. You should know your niche, and the cost is estimated accordingly. The cost of developing an eCommerce website is more than a corporate website.
Moreover, integrating additional features and functionalities increases the overall development cost. Similarly, creating dynamic websites will cost you more than static websites.
Here is the list of website types and their corresponding cost.
|Website Type||Estimated Cost|
|Corporate website||$6,500 or more|
|Web portal||$45,000 or more|
|eCommerce website||$40,000 or more|
|Marketplace website||$50,000 or more|
|Landing Pages||$3,000 or more|
Note: The costs mentioned above may change with the integration of advanced features and functionalities.
2. Development Team
When deciding on the development cost, you cannot ignore the approach you use to hire dedicated web developers. Decide whether you will hire professionals to make them part of your in-house team, or outsource your whole project.
You can hire developers and build an in-house team to work on your project. But this is time-consuming and costly as you must interview and provide them with additional benefits.
These include salaries, infrastructure, perks, and other costs that can sometimes reach up to $500,000 or more annually.
Hire a developer
If an in-house team might be insufficient to fulfill your project requirements, then you can hire dedicated developers to do the same. They can be hired for as low as $20/ hr. Unlike an in-house team, you are not required to bear expenses such as equipment, perks, rent, etc.
Additionally, they offer various hiring models such as dedicated, fixed cost, time, and resources. Therefore, you can hire them using the one that best matches your requirements.
Location of Team
The location of your web development team can highly affect your overall cost. You can choose to partner with a web development company from your native country or outside. Let’s find out how.
3. Onshore hiring
When you hire development experts from your home or a neighboring country, it is onshore hiring. For instance, if you live in a country like the US or Europe and hire developers from the same country, working in a similar time zone.
But hiring a development team from such countries where the development rate is high is uneconomical, increasing your overall website development costs.
4. Offshore hiring
This implies hiring a development company outside the country and from a different time zone than yours. For instance, you live in the US and are hiring a company based in India to complete the project.
Hiring developers from India can save up to 70% or more. This is the most feasible way when you want to save your development cost.
5. Choice of Platform and Technology
You have various platforms and technologies available in the market to develop market-ready websites. The cost to build a website depends upon the choice of platform as per your project requirement and budget.
You can build a website using CMS such as WordPress, Shopify, Drupal, and Joomla. Developing CMS websites is less time-consuming and cost-effective as they have prebuilt functionalities and extensive options.
Another way is to opt for custom web development. This is suitable for large enterprises, eCommerce businesses, marketplaces, and others as it offers broad scope for customization.
The development cost of such websites can range from $25,000 to $200,000 or more, depending upon complexity, technology involved, and requirements.
6. Website Components
The website is built in two pieces, that are frontend and backend, so you must consider both these aspects while calculating the average development cost.
7. Front-end development
8. Backend development
The backend is the website’s server side that stores and arranges data and does necessary data processing. The backend development cost can be between $4,000 to $12,500 or more based on the project needs.
Wrapping It Up!!
We have discussed all the crucial factors that influence the development cost of a website. Now, you must have an idea of how much does it cost to build a website. The cost estimation depends on various factors such as the developer’s location, choice of platform and technology, the complexity of features, etc.
Therefore, to build an envisioned website for your business, you should seek assistance from a web development company. They will understand your project requirements and provide the required solution to you.
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