Website Application Costs

[Stephen Collins]

I have a concept I would like to turn into an e-business. The business would be run through an online web application. I have drafted up a small business plan, and started looking at expenses to get going. Obviously the web application  would be the most important part.

I called about ten web developers today, I spoke to about three of them. They took their time and listened to the concept. I received price quotes from $50,000-$100,000. I was shocked!

How much have you payed for a custom web application?

Who did you use?

...I am going to continue to shop around. Or even contact local universities to see if I can get a "knowledgeable" student who just got out of school to take on the project and see if I can get a more competitive price. 

@Brandon Turner How much did BP cost to make? Who developed the site?