Forum Discussion
Cost of developing 1 hour of elearning
I occasionally have clients ask me if there are any industry standards regarding elearning development, particularly around cost.
"Sean," they say, "How much should we be paying for an hour of el...
Yes, unfortunately it depends.
My usual answer is to share a range. Really I think clients/prospective clients are looking for orders of magnitude. "Are we talking $10,000 or $100,000?" But, some people don't want to talk price too early, so would counsel you to not state a price.
I think it's more important that you are serving a market and individual customers who value products and services that you offer. If you are worth what you charge, then there's no problem. I don't compete on price and if a prospective client feels I'm too expensive, then that's what's important to them. I'll encourage them to seek out someone that falls within their budget. Pricing is not just about matching competitors' prices, but involves many other factors.
I would also say that you might COST your project on an hourly effort, it doesn't mean you have to BILL on an hourly rate.
Hope that adds something to the conversation.
PS - Owen, really nice spreadsheet and set of screenrs.
