@dillon1886 Depends. We started at that $5000 price for our boutique, two-man agency a few months ago. Some agencies start at lower prices when starting out (despite having multiple years in the industry).
Now that we completed 3 projects (and nearing our fourth), we increased our pricing to $7500 for an MVP. When we complete 4 more, this will go to 10k. And so on.
For the companies we built MVPs for, we were highly selective. We chose to build at that price point to not only get our customers fast but also stay with them for ongoing work (which did convert to additional work past MVP).
I'm a software developer btw. So I know very well I am charging way to low compared to my day salary. But to get initial clients at a good pace without paid ads or anything, this was the approach I chose.
You'll see alot of software devs quote a project for an MVP as some porportion of their actual salary and that isn't realistic for smaller, niche agencies like mine that are starting out. Neither is it realistic for a small time businessman (our clients) that just want a simple MVP to test their idea out while they keep their day jobs. Those people have families. They aren't gonna shell out 30k for anything.
Every business starts somewhere. The guy quoting you 5k might also be somewhere in between in this mindset. Whether it's right or wrong? That's a different convo. But be sure to vet him by checking out the work they have done.
We're also USA based, if that matters.
