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Web Developers Average Fee?

post #1 of 17
Thread Starter 
Hi,
Quick question. Im a university student and have an idea for a site i want to have built. I dont have the money to pay someone straight up to make it but would be willing to give a percentage. The 1 group i talked to wanted 95% lol which is ridiculous so i obviously said no.

From the developers point of view what percentage ish would make up for the lumpsum. I believe they were projecting 100 ish hours to make the site.

Thanks
    
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post #2 of 17
I always do 50% on start and 50% on completion with a contract stipulating they must pay remaining balance within xx amount of days or else bad juju will happen to their pretty new site/server which I would be hosting.
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post #3 of 17
Thread Starter 
That would be 50% of the lump sum correct?

I mean that they will own 50% of my site.
Aka i pay 0$ to have it made but they get 50% of all potential revenue.

I would be willing to put some money into it so a mix of cash + % but would rather lean to the % side.

Also note that im not really aiming to have a professional coder do it. The group i approached was a group of students that do it on the side.
    
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post #4 of 17
50 first 50 later. how we do bizness in reel wourld
post #5 of 17
Quote:
Originally Posted by arekieh View Post
That would be 50% of the lump sum correct?

I mean that they will own 50% of my site.
Aka i pay 0$ to have it made but they get 50% of all potential revenue.

I would be willing to put some money into it so a mix of cash + % but would rather lean to the % side.

Also note that im not really aiming to have a professional coder do it. The group i approached was a group of students that do it on the side.
Oh i see. Then If I were you I'd push for you to own 60% and give them 40%. And If I were them Id push for 50 / 50
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post #6 of 17
Thread Starter 
ya 50 50 makes sense.

Another quick question in addition to my original one though.

How does it work? When you get payed do you guys write up a contract and give the buyer a reciept detailing the features of the site when its complete?

Quote:
Originally Posted by JedixJarf View Post
Oh i see. Then If I were you I'd push for you to own 60% and give them 40%. And If I were them Id push for 50 / 50
Ok good, just making sure i wasnt on crack and expecting too much.
If you dont mind me asking what is a normal hourly ish rate? Or could i pm you a few more details and see how much you would charge if it was you?
    
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post #7 of 17
i woudlnt let them own any of the site. id look for an investor.
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post #8 of 17
Quote:
Originally Posted by arekieh View Post
ya 50 50 makes sense.

Another quick question in addition to my original one though.

How does it work? When you get payed do you guys write up a contract and give the buyer a reciept detailing the features of the site when its complete?
I've never done a site for 0 dollars up front just hoping the site works then take a % of the revenue. Like I stated earlier the way i do it is 50% up front, making a contract detailing exactly what the customer will and will not receive for said price, then when it is complete and all the customers changes have been implemented I collect the rest.

Edit yeah just PM me.
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post #9 of 17
Thread Starter 
Quote:
Originally Posted by Greensystemsgo View Post
i woudlnt let them own any of the site. id look for an investor.
Easier said then done. Have been looking into it but nothing yet.
    
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post #10 of 17
Yeah, you will have a really hard time getting any good developer to build you a site for "sweat equity." If they do it once, they never do it again. Or maybe if you had the best idea ever and they really believed in it???

You would have to find a student or somebody with a lot of time on their hands that doesn't know any better. Web is one of the few areas of the economy that has not been hit by the recession. I can't keep up with all the work I am getting and to put 100 hours into something I am not getting paid for? Not even a consideration.

Rates for web developers ranges greatly. On the low end $25/hr up to an agency charging $150/hr and more. So you are asking somebody to take a lot of risk in doing your site for free. You would have to compensate them accordingly if you found the right person.

Also, if your idea is really good, why would you want to share even 50%? That could be huge when you could have just paid the $10-15K up front for the site.

The person telling you to find an investor is probably the best bet. If your idea is good enough, then somebody will invest. May be your grandma, but...
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