If you’ve ever been in the market for a new website you’ll know that you can be quoted anything from ‘a bottle of vodka’ right through to £250,000. But what option, if either, represents better value?
The chances are both of these options will represent good value. The freelancer or student offering you a website for a bottle of vodka will almost certainly give you more than £20 (price depending on the brand of vodka I suppose!) worth of value. Your new website will by no means be an all-singing, all-dancing online business but it will certainly represent good value.
At the same time, you can be pretty much assured the company charging £250,000 will also represent good value too. A company charging this much for a new website will deliver a whole lot more than just a new design to fit around your text and images. Extensive user research, keyword analysis, search engine optimisation, professional copywriting, a dedicated group of designers, developers and marketers, usability testing, technical support and much more will all be included in the scope.
Which website will achieve better results? The £250,000 option – no question. But that does not in anyway detract from the bottle of vodka option – the student or freelancer will no doubt deliver great value in relation to the price you’re paying. The more expensive option didn’t just offer website design though – it offered a huge amount more additional scope that wasn’t included in the bottle of vodka option such as professional copywriting, design, development, SEO and user testing. So this website will be built in a way that generates traffic, engages the target user, makes them take action and makes them continue to come back and engage with the site. Therefore it will achieve better results without a doubt.
Hopefully what this extreme example illustrates is that a new website is not a commoditised product. In almost every case what you are being offered is different and therefore the price will be different. The problem is that websites are often viewed as a commodity:
‘I need a new website, how much will that cost me?’
‘How come you’re charging £25,000 when Company X are only charging me £17,000’
‘How come you’re only charging £25,000 when Company Y are charging me £32,000’
This problem isn’t the fault of the potential client; it’s actually an industry problem. I’m generalising here of course but web development and online marketing companies often don’t make it clear enough what a client actually gets for their money. Unfortunately, this industry is still one cloaked in technical buzzwords and terms that we haven’t explained well enough to customers. At the same time, customers and providers alike still use this general term of ‘website design’, which unfortunately confuses things even further. In my example, the bottle of vodka option was most likely offering the design of a new website – probably creating a website based around your content and putting it live. However website design is only a tiny fraction of the scope included in the £250,000 option - think about all the other functionality and scope included in that project. So actually these two options have completely different product offerings and it is almost impossible to compare them.
OK, but you still haven’t answered the question – how much should I pay for my new website?
Unfortunately I can’t answer that because I don’t know enough about your project to be able to give you an amount. What I can tell you is the best way to find providers suited for your budget. Here’s what to do:
Set a Budget
In my examples I’ve already shown that a website can cost pretty much anything from £0 to £250,000 (and more) so don’t go out into the marketplace without an idea of budget. Work out how much you can afford to spend on your online presence and remember that, in broad terms, the more you spend the more you will get. You can’t pay £200 and get a website that’s going to place you first in Google and make you millions in profits.
Set a Brief
Don’t just think ‘I need a new website’ and go out and get quotes from companies. Sit down and write out a detailed brief of exactly what features and functionality you would like on the website. Think about the different areas you need help with from an expert and the areas you can deal with in-house. If you need a specialist to help with copywriting then make that clear. This rule goes for other features and services such as SEO, design, technical development, market research, usability testing, software integration and much, much more. If you’re not clear about what you need and what you don’t then companies will assume what you need and provide a quote accordingly. Each company will assume a different set of requirements, which is often one the reason for the price differential between quotes.
Identify Reputable Companies
Do your research and find companies that you can be confident are professional outfits. Speak to contacts and find out if they have anyone they could recommend and have used before. Pay particular attention to their websites. If a web design or online marketing company has a robust, well designed and easy-to-use site then you can be pretty sure they’re building the same for their clients. Identify two or three companies you’d like to find out more about and make contact.
Don’t be Scared to Mention a Budget
If you’ve identified good potential providers don’t be in anyway scared to mention your budget. In the case of online marketing and web development playing your cards close to your chest in terms of budget probably isn’t as good an idea as you might think. Any good marketing company should, and will, deliver the most for the budget you have available. For instance, if a company came to us and told us they had £10,000 to spend on an e-commerce website we would be very clear about what they could get for that budget. If they also came to us with £30,000 we would tell we could offer a whole more for that kind of money and would be clear about what functionality, features and support that budget could get them.
So by approaching two or three companies with the same budget you will actually be able to compare potential providers better because their prices will be the same and you can compare the offering on features and not price. Remember, value in marketing terms isn’t about price alone; it’s about the value you can get for that price. Coca-Cola doesn’t only advertise on cable television channels because they’re cheaper than advertising on the major channels. They advertise on the major channels because they have the budget and they know that it will generate more customers for them therefore making it better value. The same rule applies when looking to develop your online presence – work with a reputable company who can help you squeeze every last penny out of that budget whether it be £5,000 or £50,000.
Still want a price?
We’re completely upfront about our pricing. The pricing page on our site will tell you how much our typical marketing plans cost on a monthly basis and we’re soon going to be updating this to include web project costs. In the meantime, give us a call we’ll be happy to provide you with good idea of what we can provide for your budget. If you don’t have a budget in mind then we’ll know you haven’t read this!
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