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How do I find the best and most cost-effective website development firms?

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1. Before you do that you need to make a list of all the things you want your website to do so that you are able to communicate the skill set you're looking for in a developer. Then make a list of all the 'soft skills' you want the developer to have.There are many companies which can provide you the services but besides services some guidelines are also required.You can check http://www.syruptechnologies.com for your requirement as they can provide you better services at affordable prices.
2. just spend 7 hrs a day for 1 week googling around (go to all the pages not just page "1") check the companies portfolios and send out offers
3. the best and most cost-effective website development firm is www.concordsoftech.com. It is an offshore software and web development comapny providing cheap,affordable web solutions. Based in delhi,India they are an experienced firm.
4. You can also register at freelance websites like http://getafreelnacer.com/ , http://scriptlance.biz/ , http://eufrelance.com/ , http://joomlasack.com/ , ,etc