How Much Should I Ask for?
One of the first things that a fresh Internet Marketer will ask is just how much he or she should charge for the products or services that he or she is offering. This is particularly a hot topic among writers who are offering content and copy creation services to those who need them. Some men and women believe that they need to charge whatever people are willing to pay. This is really tough for those who are often told that only the lowest of rates is okay. If you have been trying to figure out just how much you should charge for your writing, here is the way you come up with that number.
First you need to list out each of the every-month payments you make. This includes the amount 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 include the amount of money you think you will spend on fun things like dinners out and frivolous shopping trips. The amount of these elements has to be multiplied by twelve. This is the amount of money you’ll want to put into your bank account every year. This is NOT the amount of money you should bring in.
To find the sum of money you should generate, 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 a variety of 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 will use this forty percent on your Medicare, security taxes, etc. The number you see in front of you, expenditures plus forty percent, is what amount you have to earn.
You’re possibly preparing to working at least forty hours per week. This is a good quantity to work toward, but it is important to note that you will only spend probably fifty percent of this work time performing duties for your clients. The rest of the time you will be doing paperwork, advertising, etc. Why can this matter? Because it has a direct impact on how much you will charge. 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, what you need to do is divide the amount by the number of weeks you think you’ll be working and divide that number by twenty.
Now that you have the amount you need to charge on an hourly basis from here what you charge is up to you. How long will it take you to compose a bit of content or even copy? Multiply your hourly rate by the amount of time it will take you for each job. This is how much you ought to charge people.
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