We all know that outsourcing is used as a way to save money. However, this does not mean that you should bid so low that you take advantage of the opportunity. Remember that freelancers need to make a living too. Many of us choose freelancing because it’s our only option or because it is a financially responsible alternative.
How to Price Your Project
My first answer to this is do not go by 75% of the pre-existing projects online. You’ll see projects for a WordPress site development (design, code, data entry, and launch) for $600. If that is all you are willing to pay then you are better off doing the website yourself because that’s the quality you will get. My suggestion is:
- Find out exactly what you need
- Research industry standards
- Shop around
- Make your budget semi-flexible
A good idea is to get quotes from freelancers without revealing your budget at first. They know what it’s going to cost them to do it and they will quote within that range. Revealing your budget will coax them into bidding unrealistically. You will get some extremely lows and highs in terms of bidding and you need to be wary of those. Low bidders either lack experience or are desperate to beat out competition. High bidders will generally be worth it, but there are some that will take advantage of first timers.
Pay attention to averages to get an idea of what is acceptable to pay. Keep in mind when you have in-house web development you can pay anywhere from $6,000 to well over $10,000. Think about that the next time you feel upset that a freelancer charged you $3,000 for an awesome website. Happy Bidding!