What to charge your clients
The package price
Taking a deposit
Transcript

00:11     In this video, we will be talking about what to charge your clients. There is no set amount you should be charging. However, I would consider creating a package for your client.  As most clients have no idea how to make a blockchain. You will need to do everything for them. It's unlikely that they will be able to launch the coin themselves. So make that part of the package.

00:11     Here is a breakdown of the package I offer. Feel free to use the same or adapt it to however you want.

My package includes:

00:11     Blockchain Development. This includes a GitHub account with source code and releases. The client will pay for the servers for the seed nodes and masternodes. The client must also provide logos and wallet images. I specify the sizes of the images in advance.

00:11     Included in the package, is creating a Discord Server and Bitcoin talk Announcement. I provide them with a questionnaire about their use case. In which I use to complete the announcement. Then I provide the launch of the coin as a service. I release the source code to the pools and miners. And I make myself available on launch day. I have no further involvement with the coin after launch day. I also provide a block explorer for their coin.

00:11     For this package I usually quote around $4000. And I am prepared to reduce the cost to $3000 if needed. This is just my price and I have found that it scares away the time wasters. You may choose to charge less or more.  Just remember one thing. If you are charging less, say $2000. Word will spread. That will be your base price from then on. Don't be too eager to accept less. If you are persistent, you will eventually get the top price.

00:11     Now, some clients are a nightmare. They will try to make you start work before they pay you. Don't ever do that. You may be excited to please your client, but they are not a client until they pay.

00:11     What I do, is take a deposit via Paypal. I take it in stages. Before I start anything, I take 30% deposit. Then, once I have completed to testnet, I request an additional 30%. Once I am ready for launch, I take 20%. If this is not paid before launch, I do not release the blockchain. At this point, the client does not have all the source code. After launch and after the explorer has been setup. I take the final payment of 20%.

Again, never, ever, start work before they pay you a deposit.

00:11     In the beginning, you may think you need to work for cheap as you have no experience. I would avoid this. If you want experience, join a server of one of the many abandoned coins. Offer to take over the coin for the community. Then fork the source code, add new peers. Do a wallet update and hand it back to someone in the server. You will look like a hero and gain experience in the process.

00:11     What if you were to price everything individually? I suppose it's up to you. It really depends on how long it takes you to do it. And how much you want to earn. Everyone is different in that respect. Just remember, blockchain development comes with many headaches. So charge accordingly.