Did You Know How Much Your Website Worth?

Did you know how much your website worth

When we own companies and manage brands, we see good web development as a way to make a mark in our niches. This makes sense, as after all web optimization not only leads to good website speed, but better accessibility to the market. That’s why a lot of thought comes into planning digital marketing strategies. However, a lot of business owners just stop at making a website. What a lot don’t realize is that knowing how much your website worth is can help you make it more profitable and optimized.

  • The Easy Way In: The Quick Estimates
  • What Determines Your Site Cost?
  • It Helps To Know Your Site’s Worth

The Easy Way In: The Quick Estimates

A lot of websites owners may simply rely on website costs from various web development agencies and leave everything at that. However, if you want a more detailed look into your potential web development expenses, you might want to check out some website building estimates:

  • Small business websites, which generally need little customization, cost around $2,000 to $8,000. This gives you a basic information website with some stock photos. This merely allows customers to access your company or brand.
  • Medium-sized websites, which have a built-in content management system and a few custom layouts, can cost $10,000 to $25,000. This allows website owners to enjoy unique functionalities and custom images.
  • Large websites, which have robust customization features and images, can cost from $25,000 to $40,000. These generally have custom layouts, a couple hundred pages, and functionalities such as multimedia creation, blogs, and more.
  • Ecommerce websites, which allow you to buy and sell products, can cost as little as $5,000 to as much as $40,000. This depends on the functions you want to be found in your site.

Wait, so why do business websites cost differently?

What Determines Your Site Cost?

As mentioned above, identifying your website’s cost has a lot more to do than just plugging in numbers in various formulas. You may need to take various factors into account before gauging your site’s worth properly. Here are some elements:

Essential website parts

When you create a website, you need to remember that you have to secure some essentials for your site to work. These are unavoidable expenses, as you need them to get everything up and running. These include:

  • Choose a domain name. Your domain name, as you may know, is the web address people type to get to your website. Domain names usually cost $10 to $20, and can cost as much as $300 annually for very customized extensions. These have to be renewed annually, or can be paid many years in advance.
  • Get your SSL certificate. SSL, also known as a secure socket layer, helps encrypt various forms of data within your website. It’s SSL that helps protect personal information and credit card information within your website. If you’re running an ecommerce website, you’ll need this. These can cost $10 to $1,000 every month. Like domain names, you pay for this annually. However, some certificates can be paid for annually.
  • Secure web hosting. You can purchase a domain name, but you need a place for the name to “lead” to. This is where web hosts come in. Companies can offer various forms of hosting options, depending on your site’s features. However, some may cost as low as $10 to as high as $99 every month. Some hosts offer monthly or annual plans.

Secure your features

It helps to feature your website’s various features in order to give it a bit of flair or sophistication. These features can include:

  • Install a content management system. A CMS allows you to display various forms of media in your website. Articles, videos, pictures, and texts need to be displayed through a CMS. The cost to run a CMS in your site may be as much as thousands of dollars, and you have to pay for them depending on your CMS’ payment plans.
  • Built-in ecommerce systems. Some websites have built-in ecommerce systems, but these are either constructed from scratch or provided by certain services. These can cost thousands of dollars, and may have to be paid for depending on your agreement with the service provider. This at least ensures you can have a secure way of providing your services to your clients.

Plan your website design

Another huge factor that may determine your website cost is your website design. You need to not only make your site aesthetically “pretty,” but also functional. Here is some stuff you’ll need:

  • Website theme. Your website theme act like your website’s clothes. Unlike manually programming your website’s appearance, themes can change both your site’s appearance and functionalities. A lot of public themes are for free, with more sophisticated ones costing as low as $10 to as high as $100. You will likely need to pay for a theme only once, and you’ll need to pay much higher for customized themes. Do be advised that you’ll likely have to change your themes every now and then to make sure your appearance doesn’t become stale.
  • Responsive web design. When we say “responsive web design,” this doesn’t just mean a website that responds to your clicks. Rather, this is a website that responds according to your needs, especially your platform. Your website needs to be able to adjust properly regardless of your device, be it a laptop, a tablet, or a mobile phone.

Engage with digital marketing

Your website won’t be functioning by pure aesthetics alone. You need to be able to ensure that your website is equipped for your online marketing needs. This can be done in a variety of ways:

  • Search engine optimization. One of the most important aspects of digital marketing you need to remember will be SEO. It’s very integral to making sure your other website elements fly and work well with one another. In fact, SEO services can cost from $3,000 to $9,000, with additionally monthly maintenance that can cost as high as $500 monthly. Unfortunately, SEO is a lasting endeavor, which means you need to invest in the right tools and the right team for your needs.
  • Advertising. When you want to make your website profitable, you’ve got to start relying on pay-per-click advertising as well. These normally come in the form of clickable advertisements in places like the banners and footers of various websites. Not only that, but they can be found in search engines and even in video streaming sites. These PPC ads will cost you depending on how often they’ve been clicked. Costs will also increase depending on how competitive your particular niche is, and how often you want these ads to be seen.
  • Content marketing. Another important aspect of website creation you need to remember is its maintenance, and a lot of it banks on content marketing and copywriting. Your website needs a constant stream of content to be able to rank in search engines, and good writers are hard to come by. Strong copywriters and content marketers can create engaging content that users will engage with, and may even lead to conversions.

Maintenance and management

You need to be able to zero in on costs in your website management and maintenance as well. Having a list of management needs with you at all times ensures your website will be delivering the kind of output and returns you need. Considerations include:

  • Analytics tools. You need the right numbers if you want to be able to adjust your website’s various features to recent trends and mishaps. There are various analytics tools available for your needs, and their costs may vary depending on how sophisticated the analytics you need will be. You’ll normally pay for every month, unless the service provider has special promos.
  • Maintenance providers. Your website development team may be exactly the ones that can manage your website, and even be in charge of updating it. The costs of having a management team differ on the kind of tasks you’ll have for them, and they often have very flexible deals.

It Helps To Know Your Site’s Worth

When you’re tackling web development for your website, don’t forget to focus on website optimization. This not only helps with increasing your site’s potential to make good returns, but also sets you up in the long-term. Our team at Pnetform web development also takes this into account when making clients websites. The ideal goal here isn’t just to make a “working” website. Rather, we want to make sure your website is set up to function and be profitable for a prolonged period of time.