Website Startup Costs Decoded—Find the Missing Links With DoNotPay
Ever since the pandemic, more and more businesses have fashioned websites to become alternative sales and marketing channels. This has triggered a rise in startups where goods and services are offered via website only.
- Creating a website-based business up from scratch
- Upgrading and maintaining it
A website is an integral part of any business as it helps with branding and goodwill creation. Based on the complexity involved, website building costs can sit anywhere between $1,000 and $100,000. When building a website exclusively for ecommerce and marketing, the cost varies depending on the scale of operations and the nature of business. This table will give you a more specific cost analysis:
|Type of Business Website||Total Website Setup Cost||Maintenance (Annual)|
|Ecommerce websites||$5,000–$60,000 (up to 1,000 products)||$25,000|
|Content development websites for applications||$7,000–$75,000||$45,000|
Launching a website can be a one- or a multi-person job, and you may have to shell out bucks for multiple cost heads.
Here are some of the primary cost elements that pop up:
|Website theme design||One-time||$150–$500|
Web hosting and SSL may come as clubbed services at discounted prices
|Plugins||One-time||$150–$250 (quality plugins cost more but optimize your website output)|
This includes payments for logo designing, customized graphics, insurance, etc.
This includes the amount you pay to various web designing or development services
One of the many advantages of website-based startups is their low utility costs and operational expenses. Once your website is up and running, you only have to set aside a few thousand dollars to keep it optimized and error-free. You have to pay about $5,000 for technical maintenance and installation of updates and security patches.
If you plan to expand your business and add more layers to your website, you can:
- Hire a freelance developer—Average hourly rates are around $38
- Appoint a full-time maintenance manager—Median annual salary is $123,130
- Learn web management—$4,000–$10,000
Many online businesses also hire a full-time ecommerce manager (average annual salary $70,000) to oversee their overall operations.
For your website-based startup to be successful, you need to invest in acquiring quality development services and allied software. If you don’t have enough cash to support a full-fledged website startup, you can always turn to banks and other lending institutions for appropriate short-term or working capital loans and credits.
- SBA loans—The U.S. Small Business Administration connects you with lenders and backs you up with the required guarantee for the loan repayment. The SBA offers a variety of loan schemes for varying entrepreneurial needs
- Microfinance loans—Many banks and credit unions provide microloans to business owners stressed due to bad credit or low income. Such loans may be issued for up to $50,000 with no collateral, which makes them ideal for website startups
- Minority loans—You can find special minority boosting loan plans to help disadvantaged groups, like women, veterans, Native Americans, felons, etc.
- Crisis support loans—These loans are offered to business owners coping with debt or business disruption due to COVID-19
To get a loan for a website startup, you need a feasible business plan and a loan application letter that highlights your revenue model. Once the loan is sanctioned, you should plan and spend your investment wisely. Choose your key resource person with caution as many website startups fail because of:
- Shoddy technology
- Unstable sites
- Untested coding
- Incompatible software
- Security risks
Are you unsure about writing a power-packed loan request letter? If yes, let DoNotPay draft one for your business! Our Business Loan Request Letter product uses your credit score and business details to create a perfect application letter. All you have to do is interact with our app’s chatbot and feed in your particulars.
Open your DoNotPay account and follow these steps to use our services:
- Select our Business Loan Request Letter product
- Take note of the paperwork required
- Enter your startup info and business plan
- Tell us about:
- The amount you want to borrow
- The lending institution of your choice
- Upload the paperwork as the final step
We will scan your responses and draft a suitable loan request letter that gives a refined view of all crucial info. We will then attach the necessary documents and send the application to the lending institution picked by you.
You can also use our Find Online Business Loan Lender product that is integrated with Business Loan Request Letter to look for online lenders and apply for the offered financial assistance.
Our app has much more to offer—products that will protect and elevate your business.
Count on DoNotPay when you want to:
|Simplify Processes||Solve Issues|
For your business to thrive, you need to be prepared for any problem that may come your way. This is where DoNotPay comes in! We can help you trademark your company name and even the logo or slogan. To avoid any copyright infringement issues in the future, you can use our app to register your DMCA agent. If you are worried about your clients’ privacy, we will be glad to assist you in getting into the Privacy Shield program.
Are there any negative reviews online slandering your company? DoNotPay can help you get rid of fake comments potentially hurting your business.
As it all comes down to communication, we have developed a feature to help you reach your employees, associates, or clients the easy way. At no additional cost and no post office visit necessary, our AI-powered app can both fax and mail letters and documents.