A 45-minute Google Meet ended with us not getting the project. Was our quote too high?
Day before yesterday, my friend and I had a meeting with a founder who wanted to create a pet app in banglore through referrals. It wasn't just a simple app. He wanted features like buying and selling pets, grooming bookings, boarding, doctor consultations, pet profiles, live tracking, notifications, an admin panel, a modern interface, role based access, and a few other things we discussed during the meeting.
We spent around 45 minutes understanding everything before putting together a rough estimate. We quoted ₹1.5 lakh.
There was not any argument. He was thinking for a few seconds and said it was far beyond what he expected. He asked if we could reduce the price.
We weren't trying to overcharge. We based our pricing on the amount of work involved. If we cut half the features, the budget could decrease. But building everything he described was not less
Most of our work so far has come from referrals through my friend studying in Australia, and a 2-3 of it has been for Australian clients. We've developed business software before, but this would have been one of our first larger consumer app projects with a founder from Bangalore.
So I wanted to know If you were the founder, what budget would you expect for an app like this? And for the developers here, does ₹1.5 lakh sound reasonable, too high, or too low? Help me with this.