Quick background info: I started my web design business about 5 months ago. I have been in the field for about 12 years and after getting laid off again, got down on my knees and started the business.
I have a potential client that I gave a proposal to recently who wants a brand new site with a complete CMS solution built into it. I am subbing out most of the work, managing the project and am curious how you would reply to their thoughts on the price. Basically they told me that the price was almost double what they expected to pay.
I am paying $X to the developer for the work, I added some money for my project management time and a little bit more money for profit into the proposal. The dollar amount they told me they expected to spend wouldn't even cover the cost of the developer let alone my time or any profit.
Would you walk away from the client? Would you stick to your original numbers? Would you try to meet in the middle to at least get some money for your time and for profit?
How would you handle this?
Thanks in advance.