Creating a website with a financial struggle is real. Especially if you are starting out to make those pieces into an online presence. In this episode, I will give you 2 ways you can create your website depending on your budget.

 

Initial Investment: Php 10, 500

Purchased Domain Name: Php 500 (Billed Annually)
Purchased Hosting Server: Php 10,000 (Billed Every 3 years)

 

Annual Maintenance Fee: Php 500

Annual: Php 500 (One-time payment for 1 year)
Monthly: Php 0 (No Monthly Payment)

Expenses in 3 years: Php 11,500

Hosting Server: Php 10,000
Domain Name: Php 1,500

Overall Monthly Estimated Expenses: Php 320

Ups: 

• No monthly expenses
• Minimal annual renewal
• One-time investment within 3 years

 

Downs:

• You need a higher initial budget to start
• After 3 years, pricing usually goes up to regular or much higher pricing
• If you decided to stop, you will not be able to get a refund unless the service offered a 30 money-back guarantee

Initial Investment: Php 1, 500

Purchased Domain Name: Php 500 (Billed Annually)
Purchased Hosting Server: Php 1,000 (Start Free and Add Fund for 2 Months)

 

Annual Maintenance Fee: Php 6,500

Annual: Php 500 (One-time payment for 1 year)
Monthly: Php 500 (Monthly Payment)

Expenses in 3 years: Php 19,500

Hosting Server: Php 18,000
Domain Name: Php 1,500

Overall Monthly Estimated Expenses: Php 540

Ups: 

• Low initial investment
• Minimal annual and monthly renewal fees
• Only pay for what you consume
• If you decided to stop, you will no longer have to pay anything

 

Downs:

• If you compute the overall expenses it is much higher than the one-time investment
• One-time investment for 3 years is still a savvy way when it comes to overall expenses

These are the 2 ways I suggest to create your own website. Either if you can provide a higher initial investment, you can go with #1, if your budget is limited but still wanted to try, go with #2. And in any case, that you still don’t have any budget, go with those free website builders as long as you can deal with those limited features. Listen to this episode about Free websites vs Branded websites.