What is a Web Development Company?

Do you really know what is a web development company? Find out how you can set up your own web development company. Start your own agency right now.

To ensure business success, nowadays, you should do the first and the most important thing – to provide its online presence.  How can you do that? Right, by creating a website. This is where the demand for web and software development starts. Every company tries to expand their horizons and tweak online platforms, which gives them an extra boost. And web development agencies are the first to call. They assist a firm to build an application or website from scratch or help maintain the existing one. It is a full-circle development support, from designing software architecture to technical support.

Starting from planning, implementing, monitoring, communicating, and finally delivering the completed project before the deadline, they ensure quality at each step. 

Ukrainian web development companies and what do they offer?

Let’s analyze the Ukrainian web and software marketplace. Sifting through the list of top IT companies, the majority of them provide web development services. It is roughly 40% on average of all the services companies offer. And for some of them, it takes at least 50-70 percent.

Industries, they cooperate with, vary the most. Approximately one-quarter of companies work in socially important areas like education, and healthcare&medicine. This is a little bit more than 20 % on average of their interests. Another quarter is interested in information, financial technologies, or banking. And the rest of the companies can be divided into two types: the first one has set specific industry like e-commerce, logistics, or business as a main, while the other one balances between many different industries with a small percentage involving (retail, media, travel&lifestyle, designing, testing, etc.).

Most of these web and app development companies work with medium and small businesses. What is common is only that nearly all of them offer full-circle web and software development by creating sites or apps. Interview a business, help assess their goals, contribute their experience to advise on what works, what things cost, etc., and work out how to assist the company to achieve those goals. So, what is the purpose of being a web development company?

Benefits of being a web development company?

The most necessary need today – is the need for comfort. Online shopping, food delivery services, etc. cultivated the biggest exaltation of “home convenience” during the pandemic. Giants like Amazon and Walmart, eBay, and others have shown that online shopping is a great way to purchase and sell a wide range of products. More organizations are realizing how important it is to have an online presence. They hire independent freelance developers or turn to web development agencies and pay them an agreed amount to create a website or mobile application or convert their old webpage into a more modern one.  Businesses are looking for experts in this area more than ever. Moreover, to start a web development business you don’t need an office or should understand coding, and it takes a little investment of money. More important is the ability to gather a professional team and put in some time and effort.

Retail stores represent a wide range of opportunities. At the same time, the main limitation of retail stores comes from geographical limitations. The Internet has unleashed a significant number of opportunities. The cost of an e-commerce website depends on the service provider. E-commerce platforms have fixed monthly fees for using their tools. Even registering your domain name will cost some fees.

Being an e-commerce web development agency, TRIARE provides services customized to the specific aspects of your business. The types of businesses ranging from small companies to global-scale B2C and B2D firms with omnichannel solutions. We offer effective solutions for different types of e-commerce and drive the whole process of developing an Internet website.

How to start your own development company?

If you are determined to start your own software development company, let’s talk about the stages you should follow:

1. Business plan. Define what you specialize in, what makes you different, and what you long for (everything from the name to the mission and vision of the company, investments, profit margin, target audience, etc.)

2. Registration. You should go through paperwork like filling out the registration form, mailing the documents, and making the payment.

3. Licenses. To avoid any penalties, you must obtain the necessary licenses like GST Registration and Shop and Establishment License (if setting up an office).

4. Business bank account. Opening a separate bank account helps in managing the expenses and estimating the actual profits. Also, it protects your assets in case of any debts.

5. Business account. Keep a record of the expenses and earnings. It benefits you in tax filing and knowing the financial review of the company.

6. Team. Hire professionals for what you are going to do. It can be freelancers, part-time employees, or full-time developers. No matter, there are just things you cannot do on your own.

7. Website. The last one, but not the easiest. Your company’s site should represent the brand you strive to build and attract customers.

Things you should know before setting up your first web development agency

However, starting a web development agency will not happen smoothly. At the start, there will be more risks to be taken and some hard decisions. Get sure, you took care of the things below:

• Think about your web development company budget; how much you will need to invest to reach goals within a specified time frame.
• Come up with the idea of finding first clients. Use your existing social network or collaborate on various projects.
• Set up a price list. Consider the experience you have got and start from the minimum to get a client base.
• Study the service market. Before organizing a business, look for the current trends and what your potential clients need.

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