How Much Does It Cost to Build a Website?
As a business, having a poorly designed website, or worse, not having a website, can be disturbing to customer acquisition. In fact, 88% of online consumers are less likely to return to a website after a bad experience. Therefore, you will want to prioritize your online presence to increase the chances of attracting and retaining customers.
In this blog we will discuss how much does it cost to build a website, and where should you start?
5 key factors that change the cost of developing a website
Many aspects affect the average cost of creating a website. The nature of each business is different, and so do their website needs. For case, the variables that come into play when building a website for a data analytics provider are entirely dissimilar from those involving creating a small site intended for blogging.
In the next sections, we go over some elements that can impact the cost of creating a website. It’s crucial to note that this is far from an exhaustive list. In fact, there’s a broad array of other factors particular to each business and website project.
1. Domain name
The first element that you should consider is the domain name. Purchasing a new domain name for your site will broadly cost you between $10 and $15 a year. However, it’s significant to note that the cost can change depending on several factors, including:
• Domain registrar: A registrar is an entity that helps you purchase and register your domain name. There are many registrars to select from, with each one offering different packages and features at varying price points.
• Top-level domain (TLD): A TLD indicates the extension at the end of the domain name. Established TLDs such as “.com’ and “.org” tend to cost more than ones like “.site” or “.xyz.”
• Length of commitment: Most registrars go at different prices depending on the length of the contract. A longer consignment costs you less in the long term, whereas a shorter contract is more cost-effective in the short term.
• Domain privacy: While providing personal data is required when registering a domain, you can make that data inaccessible to the public. For an additional fee, registrars offer clients privacy features that protect their identity and maintain their anonymity.
2. Website functionality
Functionality plays a key role in deciding website costs. You will charge a higher cost, the more functions you add to your site. Website functions can range from essential ones built-in to your business to optional ones geared toward improving user experience. Here are some examples:
• E-commerce functions: This encompasses all functions essential to running an e-commerce website. To get these businesses up and running, the sites must be equipped with various design features that allow customers to find and buy products. Basic online store design factors include customer portals, payment processing, multiple delivery options, and order fulfillment. While pricing points differ, the design rate of a fully custom traditional e-commerce site can easily exceed $2,000.
• Membership portals: As the name recommends, this is a gated part of the site that only registered members can approach. Installing these portals is a great way to increase content credibility, offer a streamlined user experience to website visitors, and develop a base of loyal customers. Depending on the features and type of license you’re getting, a membership portal function can run you anything from $89 to $399 per year.
• Subscription services: These functions are needed for setting up a subscription model for your site. They’re regular renewal services that offer recurring deliveries of products or curated ones that provide products depending on the needs of each customer.
• Custom programming: While a small business website doesn’t require much backend programming, other businesses might demand more complex design elements for their sites. A good example of this is web portals. These websites hold a large amount of data and provide customized access to different users. Hiring a web developer to add custom code might be essential when dealing with such complicated architectures.
3. Website maintenance
Website maintenance is essential to your business, as it ensures that your site remains functional and secure. Still, many people miscarry to accurately account for maintenance costs when mapping out their budget. Some tasks that are part of website maintenance include:
• Fixing broken links
• Patching CMS and server software issues
• Quarterly testing of each website’s forms and e-commerce functions
• Fixing security vulnerabilities
• Regularly backing up the site
These tasks are generally handled by specialized agencies or web developers, and the cost will differ based on the size and complexity of the website.
4. Size of the site
The number of website features and the complexness of a website’s architecture are not the only variables that can drive up web design costs. In many cases, the sheer size of the website can be just as big of a factor.
The cost differential between developing a large website and a small one is substantial. Creating an e-commerce website that consists of 500 pages will require a significant amount of time and effort to build, and that will be reflected in what you pay for web development services. By contrast, an elementary website that features a standard template and only a handful of pages can be built at a fraction of that cost.
The table below illustrates this difference:
|Type of website||Estimated design cost|
|Large business website (25 to 75 pages)||$10,000 to $35,000|
|Small business website (8 to 16 pages)||$2,000 to $9,000|
|E-commerce website (100 to 1,000 products)||$5,000 to $55,000|
|Database website (20 to 2,000 pages)||$6,000 to $75,000|
5. Website hosting platform
• Web hosting needs to vary from one business to another. If your business serves strictly online, you should opt for dedicated server hosting. This will allow you to appendage a potential growth in traffic without experiencing server downtime. Moreover, you’ll have access to advanced security features that can avail you better safeguard your customers’ sensitive data.
• Shared hosting is the more commodious option if you’re not planning on using your own website for revenue-generating purposes. The affordability of these plans linked with their low maintenance requirements makes them ideal for the type of website that consists of just a few pages of content.
• Virtual private server (VPS) hosting takes up the middle ground between dedicated hosting and shared hosting. You have access to some control and customization options, but you still don’t have adequate bandwidth to handle high traffic.
3 ways to create your website and how it will affect costs
Ultimately, the cost of creating a website comes down to how you want to deal with the project: do it yourself and save money or contain the services of a professional and incur higher costs. The advantage and disadvantages of each approach are weighed below.
1. Do it yourself (DIY)
The DIY approach is the most cost-effective option for creating a website. Your costs will consist of the basic expenses needed to set up and host the site if are doing the design yourself. These let your domain name, hosting costs, an SSL certificate, a premium theme, and a drag-and-drop website builder like Squarespace, Weebly, or Wix. You can also use a more traditional content management system (CMS) like WordPress.
Keep in mind that once you take on the project, you’ll be responsible for every view of the website. This leads to figuring out how to make your website templates mobile-friendly, ensuring that security protocols are in place, verifying that your WordPress theme is well-matched with third-party plugins, and installing the essential add-ons, among many other tasks.
But while the DIY approach might be worth exploring when building a simple website, it’s not always a feasible option when dealing with large projects. Taking on the task of designing a complex website on your own involves navigating countless challenges and requires solving several design problems that only experienced developers can handle.
How much will it cost?
For a small-scale business, brochure-style website, you’re going to need a domain name (at least $12 per year), a shared hosting plan (at least $60 per year), a premium theme ($60), premium plugins ($60 per year), and a website builder ($12 to $15). You can expect to pay up to over $200 when building a website on your own.
2. Hire an independent professional person
If you need to make sure that your website is up to the desired standard, hiring a freelancer is the best way to go. experient web designers can take your ideas into execution, suggest features that could enhance your business, and help you navigate the launch of your site without any hiccups.
Thanks to RinanTech’s ability to connect businesses with skilled workers, you’ll be able to hire a talented web developer in no time. These professionals can assist you to build a custom website at various price ranges and work closely with you to ensure the success of your online venture.
How much will it cost?
The price will be determined by various factors, namely the hourly rate of the self-reliant professional, the functions of the website, the custom programming, and the page volume.
Experienced freelancers can charge anywhere between $20 and $80 per hour. As a rough estimate, a small business website could cost you anywhere from $1,500 to $5,000.
3. Use an agency
Businesses that routinely tackle complicated projects can benefit tremendously from hiring a professional web design agency. On top of handling advanced website designs, these agencies can also offer a wide range of services beyond the scope of web development.
Working with a web design agency can cost tens of thousands of dollars, which is why their client base consists mostly of bombastic organizations.
How much will it cost?
Depending on the size of the agency and the quality of the project, the cost of hiring an agency can reach up to $100,000.
While determining the exact cost of developing a website can be a difficult proposition, finding top talent for your business isn’t. Whether it’s a simple WordPress site or a large online store, Rinan Technologies will help you identify highly experienced professionals that can guide you through the process of creating your ideal website.