What Should I Charge for my Service?
The money that they should charge for their items is usually one of the first and biggest concerns that new Internet Marketers have. This is definitely an important topic among the freelance writers who are trying to present copy and content writing services to other people who need them. Some internet writers believe that they should merely charge the rates clients want to pay. This is usually very hard for people who are constantly told that only the lowest rates possible are fair. If you have been trying to puzzle out just how much you should charge for your writing, here is how we come up with that number.
The first thing you’ll want to do is note down all of your monthly payments. This list must include the sum of money you will be paying on things like food, credit card payments, utilities, rent or mortgage payments, cell phones, etc. Make sure you include the amount of money you think you are going to spend on fun things such as dinners out and frivolous shopping trips. Add this up after which you can multiply it by twelve. This is the amount of money that needs to be put in your bank account every year. This is NOT the amount of money you need to bring in.
To find the amount of cash you have to earn, take the amount of money you need to put in the bank annually and add at least forty percent. This will give you enough money for covering taxes and various fees–after all, the money that you earn on the web will count as income–it needs to be reported to the IRS and taxes need to be paid on it. You can use this forty percent on your Medicare, security taxes, etc. The number sitting in front of you right how-your expenditures plus forty percent-is just how much you have to make.
You possibly think that you will be working at least forty hours each week. This is a good amount to plan on, but it is important to note that you will only spend probably one half of this work time performing duties for your clients. The rest of the time will be used up on marketing, paperwork, etc. Why is this important? Because it has an effect on how much you ask for. Your gut reaction might be to take the total amount you need to earn and then divide it by fifty two and then forty to come up with your hourly rate. Instead you should divide it by the number of weeks you want 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 amount you charge for a project is simple to figure out. How long does one believe it’s going to take you to write an article or a sales page? Multiply your hourly rate by the amount of time it will take you for each job. This is the price that you ought to be charging for your various assignments.
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