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What is the way to estimate the cost of an animation?

There are several different methods through which an estimation of an animated video can be made. And that is made mainly through deducing the elements that are being used and the animator, whether that person is an expert or a professional. The Whiteboard Animation Service can range somewhere been a few hundred dollars depending on the intricacies of the video and what the narrative is. Since some require more detailing and time frame to get their messages across. Do you think there are any other ways to estimate the cost of an animation?