How Much Should I Ask for?
One of the most significant things that a brand new Internet Marketer wants to find out is what amount he or she should be charging for his (or her) products or services. This is a major concern for freelance writers who are trying to sell their copy creation and content writing services to other providers that need them. Some individuals apparently think that a writer should only charge what the clients want to pay. This can be very hard for those who are constantly told that only the lowest rates possible are fair. If you have been asking yourself how much you should charge for your services, here is how you figure that out.
First you have to create a list of all of your month-to-month expenses. 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. Make sure you include the amount of money you think you will spend on fun things like dinners out and frivolous shopping trips. Take this total and multiply it by 12. This is the amount of cash that needs to be put in your bank account annually. This is not the same thing as the amount of cash that you need to bring in.
To find the sum of money you have to bring in, take the amount of money you need to put in the bank annually and add at least forty percent. This will help you handle your taxes and fees-after all, the cash you make online counts as income and you will need to declare it to the IRS and pay taxes on it. You may use this forty percent on your own Medicare, security taxes, etc. The amount you are looking at right now: the expenses with forty percent added to it-is the amount of money you have to make.
You probably think that you’ll be working at least forty hours each week. This is a good amount to prepare for but you should realize that only about half of that time will be carrying out actual work for clients. The remaining time will be invested on marketing, paperwork, etc. Why should you understand this? Because it can have an effect on the amount that you should plan on charging. Your primary instinct is most likely 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 should divide it by the quantity of weeks you want to work and then divide that number by twenty.
Now that you have an hourly fee all worked out, how much you charge per project is up to you. How long could it take you to produce articles or a sales page? Take the time it is going to take you to complete a project and multiply it by your hourly fee. This is just how much you should charge individuals.
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