Internet Marketing – How Much Should You Charge for Your Professional Service?
One of the primary things that a brand-new Internet Marketer will ask is how much he or she should charge for the products or services that he or she is offering. This is a primary concern for writers who are trying to sell their copy development and content writing services to other providers that need them. Some folks believe that they need to charge whatever people are willing to pay. This is often very difficult for people who are constantly told that only the lowest rates possible are fair. If you have been trying to figure out what amount you should charge for your writing, here is how you come up with that number.
The first thing you need to do is note down all of your monthly payments. This consists of how much you pay each month in rent or toward your mortgage, your utility bills, how much you spend on food, your cell phone bill, credit card payments, etc. Be sure that you include in the funds you spend on fun things like going shopping or going out to dinner. Add all of this up after which multiply it by twelve. This is the sum of money that you need to put in the bank annually. This is absolutely different than the amount of cash that you need to earn.
To determine how much you need to make from your clients take your annual total and add forty percent to it. This will give you enough money for covering taxes and various fees–after all, the money that you earn online will count as income–it needs to be reported to the IRS and taxes need to be paid on it. This added forty percent will probably cover the price of social security taxes, Medicare, etc. The number sitting in front of you right how-your bills plus forty percent-is how much you should make.
You’re likely preparing to working at least forty hours per week. This is a good amount to plan for but you should realize that only about half of that time will be performing actual work for clients. The other half is going to be used up doing book keeping, marketing and other administrative things. Why is this significant? Because it is going to have an effect on just how much that you ought to plan on charging. Your gut reaction is probably to take just how much you need to earn and then divide it by fifty two and then forty to come up with your hourly rate. Instead, you’ll need to be dividing by twenty-this is the period of time you will be spending on client work.
Now that you possess 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 create a page or a sales page? Take that time frame and multiply it by the hourly price that you have figured out. This is just how much you should charge individuals.
Do you want to know how to create a video sales letter that will boost your online sales volume? If you say yes, then go and read this article Video Sales Letter Creator.
Processing your request, Please wait....
