Choosing the Right Model for Your Digital Venture: Fixed Price vs. Time & Materials
OCT 2, 2023

Choosing the Right Model for Your Digital Venture: Fixed Price vs. Time & Materials

Roger Einstoss
Braintly Co-Founder & CEO

Should we go for a fixed scope, or should we hire an agile team? Let's break down each option, keeping a keen focus on boosting your online visibility.

The dilemma: Fixed Contract vs. Time&Materials When embarking on the digital development phase, the decision on how to hire becomes essential.

Generally, we're presented with two models: the fixed price model and the Time&Materials model. Each comes with its perks and challenges, and your pick hinges on the project's profile and goals.

Fixed Price Model:

The MVP Route This model is the go-to when discussing MVPs. It involves setting a cost based on the estimated hours and resources needed. It's crucial to have a clear grasp of the requirements and expectations to ensure accurate forecasting.

Fixed Price Pros:

  • Transparency & Trust: Setting a price upfront makes it easier to rank in search engines, as it eliminates ambiguities in queries about MVP development costs.
  • Deliverable Control: A well-outlined work schedule can be optimized using keywords tied to stages and timelines, enhancing visibility for specific searches.

Time&Materials Model:

Embracing Flexibility This approach involves hiring a team and paying for the actual hours worked. It's perfect for evolving projects where adaptability and swift responses are paramount.

Time&Materials Pros:

  • Constant Iteration: This adaptable-focused model can be optimized using keywords related to agile development, sprints, and flexible methodologies, luring in audiences keen on dynamic processes.
  • Integration & Feedback: Collaborating closely with the team encourages the creation of collaborative content, such as interviews, reviews, and case studies, broadening online reach.

Which Model Suits You Best?

Choosing between a defined scope and hiring an agile team isn't one-size-fits-all. It's contingent on factors like budget, the project's essence, and particularly the type of online visibility you're aiming for.

From our experience, we've noted that many startups kick off with a fixed price model to manage costs, then transition to Time&Materials as the project grows and demands greater adaptability.

At the end of the day, what's pivotal is forging a development strategy in line with your business vision and goals, ensuring that your digital solution isn't just functional but also highly visible and pertinent online.