Submitted by: Pedrohk Martinez
One of the most significant things that a brand new Internet Marketer wants to know is what amount he or she should be charging for his (or her) products or services. This is particularly a hot topic among writers who are offering content material and copy creation services to those who need them. Some freelance writers feel that they should merely charge the prices clients want to pay. This is admittedly difficult for those who are often told that only the lowest of rates is okay. If you have been trying to figure out how much you should charge for your writing, here is how we come up with that number.
The first thing you need to do is jot down all of your monthly payments. This consists of just how much you pay a month in rent or toward your mortgage, your utility bills, how much you spend on food, your cell phone bill, credit card payments, etc. Make sure you add the price of doing fun things like going out to dinner once in a while or cash for a few frivolous purchases when you go shopping. Take this total and multiply it by 12. This is the amount of cash that needs to be put in your bank account every year. This is not the same thing as the amount of cash that you need to bring in.
To determine how much you need to make from your customers take your annual total and add forty percent to it. This will give you sufficient money for covering taxes and a variety of fees–after all, the money that you earn on the net will count as income–it needs to be reported to the IRS and taxes need to be paid on it. This additional forty percent will probably cover the cost of social security taxes, Medicare, etc. The number you are considering right now: the expenses with forty percent added to it–is the amount of money you have to make.
You probably plan on doing the job at least forty hours a week. This is a good amount to plan for but you ought to realize that only about half of that time will be performing actual work for clients. The rest of the time you will end up doing paperwork, advertising, etc. Why do you need to learn this? Because it is going to have an effect on just how much that you need to plan on charging. Your initial reaction might be to take the amount of money you need to make and divide it by fifty two and then divide that number by forty (which will help you figure out your hourly rate). Instead you have to divide it by the amount of weeks you intend to work and then divide that number by twenty.
Now that you know what sum of money you have to charge per hour, from here the total amount you charge for a project is simple to figure out. How long will it take you to generate a page or a sales page? Take that time frame and multiply it by the hourly price that you have worked out. This is just how much you need to charge individuals.
For more extra information feel free to visit the “How Much Should I Charge For My Product?” site or visit Successful Steps To Achieve Better Results with Video Marketing
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About the Author: professional writer for
youproblog.com/
as well as many other health related newspapers from Canada.
Source:
isnare.com
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