Technology today has proved that imagination is more important than knowledge. So, if you want to learn how to start a web development business, you got us at the right time.
The first step to start this race is to map a clear business plan.
For example, it should state all the points from the name to the idea, mission and vision, investments, profit margin, target audience, operation expenses, market research etc.
After making a business plan, go for Company Registration Online.
In fact, you can get your business registered in 4 steps:
-Fill the form
-Make the payment
-Mail the documents
-Sit back and relax
In order to do this, you can choose from following business structures:
It is crucial for operating legally to avoid any disputes.
The business licenses required for a web development company are:
Therefore, to avoid any penalties, you must obtain the necessary licenses.
Whenever you start any business, always open a separate bank account for it. As a result, it helps in managing the expenses and estimating the actual profits. Further, it protects your assets in case of any debts.
For this purpose, you should open a current account and also apply for a credit card. Having a good credit score helps you in getting business loans and fundings with ease.
Here is a list of best banks for a business current account:
It is crucial to keep a record of all the expenses and earnings. As it benefits you in tax filing and knowing the financial review of your company.
With this in mind, hire a professional CA to manage your business accounts and compliances.
We at StartEazy also provide you with annual packages to manage all your business compliances.
Also, you can consult our experts directly, to know how to start a web development business.
Hire the support backup team. Even if you want to work alone, there are certain things that you cannot do.
Therefore, look for freelancing or part-timers who can work for you on Sundays. It is a budget-friendly option for startups. Also, you do not need them regularly.
Accordingly, you may need support from IT professionals, SEOs (Search Engine Optimizers), Online Advertisers, Social Media Marketers and photographers.
If you do not know the coding language, you will need a full stack developer.
A developer with a 1-4 year experience may charge Rs. 5,00,000 per annum.
It is time to showcase your work to the world by creating your online website. Besides, it is crucial for developing marketing strategies.
You do not need to have a complex site. Include the basic information:
Also, go social and make connections with your potential customers and target audience.
Now you know how to start a web development business that is good to launch.
Fortunately, I have done some research about few crucial questions you may have when starting a web development company:
Well, the investments depend on your scale of work. For example, you do not need any investments if you are starting as a freelancer. On the other hand, you can also hire a team and rent an office. You may need to invest around Rs.5 lacs - Rs. 15 lacs.
You have numerous potential clients. All you have to do is find them. The best way to get clients is by collaborating on various projects and meetups with your existing network.
On average, you can charge around Rs. 1500/- to Rs. 7000/- per hour from your clients. The price also depends on your experience. Therefore, it is advisable to start from the minimum to set up a client base.
Ongoing expenses for a web development company are low. They have to pay mainly office utility bills, cloud storage, time tracker software, project managing software etc. Also, the costs highly depend on your needs.
The current trend among the web development companies that you must know is the voice search, single-page applications, PWA (progressive web applications), cybersecurity and Motion UI Design. Accordingly, go for a certification in these courses to build a brighter future.
According to IBEF, the domestic revenue from the IT industry estimates to be US $45 billion in FY21. Moreover, it expects to reach $100 billion by 2025. Interestingly, it majorly covers the web development sector.
Coding the websites, invoicing clients, training the coders and freelancers, replying to mails, meetings, and conference calls with clients is a regular day in a web development company.