For most entrepreneurs, especially those of new or small businesses, the prospect of SEO is burdened by one major factor: cost. Optimizing for search engines is a long process, and as a result, its ultimate payoff is delayed and uncertain. Paying a fixed rate for your SEO efforts over the course of several months would eventually start to see a small return, and then a larger return as the months continued. If implemented properly, a successful SEO campaign would eventually return every cent that was initially invested into it.
Few entrepreneurs have the capital, time, or patience to go through with this long-term model, especially when thereâ€™s no explicit guarantee of success. Most realize that SEO is important, due to the sheer popularity of online search for finding information in the modern era, but need to carefully consider the costs and risks before moving forward.
The two main options for an SEO campaign are trying to do it yourself, with your own internal resources, or to partner with an SEO agency or freelance professional, who can do the work for you. Each have their own advantages and disadvantages, depending on what type of person or agency you hire, but ultimately, one will be more cost effective for your campaign than the other.
The Upfront Costs
The most important financial factor for most entrepreneurs will be the upfront costs of either an in-house SEO team or an agency. Itâ€™s possible to try and optimize your web presence yourselfâ€”but youâ€™ll quickly find the sheer amount of effort required to make a real impact extends beyond your current capacity or expertise. Therefore, the main options you face are hiring an agency for a long-term contract or hiring a dedicated SEO expert (or SEO team) to do the work for you.
Agencies tend to offer package plans based around your needs. Iâ€™ve seen some agencies offer extremely basic SEO services for $500 a month or less, but you tend to get what you pay for. Typical SEO packages range from $1,000 to $10,000 a month, depending on the size of your business and your current needs, and can vary depending on what other services you want to add. One advantage to agencies is that you can piecemeal the work and only pay for what you intend to use.
The cost of an additional team resource depends on the level of experience youâ€™re looking for and the location of your company. In a mid- to large-sized city, an SEO generalist with a few years of experience can make $60,000 to $100,000 per year. If you hire two or more search marketers, those costs can quickly escalate further. Alternatively, you can hire a part-time contractor for a lower wage, but youâ€™ll get less total work done and at a lower level of expertise (in most cases).
Article source: http://www.forbes.com/sites/jaysondemers/2015/04/29/should-you-manage-seo-in-house-or-work-with-an-agency/