1. Scope of Work
- Landing Page Design (UI/UX, Branding, Desktop & Mobile Views)
- Web App UI/UX Design (Wireframes, Prototypes, High-fidelity UI, User Flow)
- Mobile App UI/UX Design (iOS & Android Versions, Prototyping)
- Design Handoff to Developers (Style Guide, Components, Collaboration)
2. Cost Estimates Based on Team Size
Team Size | Timeframe | Total Estimated Cost (₦) |
---|---|---|
Hiring 1 Designer (Slowest) | 3-5 Weeks | ₦2,500,000 ($1,600) |
Hiring 2 Designers (Standard) | 2-4 Weeks | ₦3,500,000 ($2,300) |
Hiring 4 Designers (Fastest) | 1-3 Weeks | ₦4,500,000 ($2,900) |
3. Detailed Cost Breakdown
Category | 1 Designer (₦) | 2 Designers (₦) | 4 Designers (₦) |
---|---|---|---|
Designers Payment | ₦1,000,000 | ₦2,500,000 | ₦3,500,000 |
Your Management Fee | ₦1,000,000 | ₦1,500,000 – ₦2,000,000 | ₦2,000,000 – ₦2,500,000 |
Design Tools & Software | ₦200,000 – ₦300,000 | ₦300,000 – ₦500,000 | ₦500,000 – ₦800,000 |
Revisions & Iterations | ₦300,000 – ₦500,000 | ₦500,000 – ₦700,000 | ₦700,000 – ₦1,000,000 |
Stock Allocation | ₦500,000 – ₦1,000,000 | ₦500,000 – ₦1,500,000 | ₦500,000 – ₦2,000,000 |
Total Cost | ₦2,500,000 | ₦3,500,000 | ₦4,500,000 |
4. Payment & Stock Split Proposal
Since the company is offering stock as part of the payment, I recommend:
68% Payment and 32% Worth of Shares
- Cash Payment: ₦1,700,000 ($1000)
- Stock Allocation: ₦800,000 worth of shares ($600)
This ensures:
✅ Expenses are covered
✅ Designers are paid
✅ Management cost profit from the project
✅ I will still get ownership in the company (equity/stock)
5. Timeframe Breakdown
Scenario 1: 1 Designer (Slowest)
- Wireframing & UX Flow: 1 Weeks
- Landing Page UI Design: 1 Weeks
- Web App UI Design: 1 Weeks
- Mobile App UI Design: 2 Weeks
- Revisions & Handoff: 1 Week
- Total: 6 Weeks (1 / 5 Months)
Scenario 2: 2 Designers (Standard)
- Wireframing & UX Flow: 3 Days
- Landing Page UI Design: 3 Days
- Web App UI Design: 5 Days
- Mobile App UI Design: 4 Days
- Revisions & Handoff: 1 Week
- Total: 2 – 3 Weeks (1 Month Max)
Scenario 3: 4 Designers (Fastest)
- Wireframing & UX Flow: 1 Day
- Landing Page UI Design: 2 Days
- Web App UI Design: 3 Days
- Mobile App UI Design: 2 Days
- Revisions & Handoff: 1 Week
- Total: 1 – 2 Weeks (Less than a Month)