How Much Should I Charge?

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by: harrysmith43
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Word Count: 541
Date: Tue, 15 Mar 2011 Time: 3:07 AM
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The cost that they should charge for their merchandise is usually one of the first and biggest concerns that new Internet Marketers have. This is a primary concern for authors who are trying to sell their copy creation and content writing services to other providers that need them. Some people appear to think that a writer should merely charge what the clients want to pay. This is usually very difficult for many who are constantly told that only the lowest rates possible are fair. If you have been curious about how much you should charge for your services, this is how you figure that out.

First you need to make a list of all of your monthly expenses. This list should include the sum of money you will be spending on things like food, credit card payments, utilities, rent or mortgage payments, cell phones, etc. Make sure you include the sum of money you think you are going to spend on fun things such as dinners out and frivolous shopping trips. The value of these elements should be multiplied by twelve. This is the amount of money you will want to put in the bank every year. This is not the same thing as the amount of cash you will want to bring in.

To determine how much money you have to earn, take the amount of money you have to put in your bank account and then add at least forty percent. This will allow you to have enough money for fees and taxes; try to remember, the money you earn on the net is income and will need to be reported to the IRS; not only that but you will need to pay taxes on it. This additional forty percent will help cover the taxes for social security, Medicare, and many others. The number you are considering right now: the expenses with forty percent added to it--is the amount of money you need to make.

You're likely preparing to working a minimum of forty hours per week. While it can be good to plan for this time frame you must understand that merely half of that time will actually be spent doing client-related duties. The other half is going to be used up doing book keeping, marketing and other administrative things. Why is this significant? Because it will affect the amount that you should plan on charging. Your primary thought may be to take the amount of money that you should earn then divide it by fifty two then take that quantity and divide it by forty (to come up with an hourly rate). Instead you should divide it by the quantity of weeks you need to work and then divide that number by twenty.

Now that you know what cost you should charge per hour, from here just how much you charge for a project is simple to figure out. How long could it take you to produce a page or a sales page? Take the time it is going to take you to complete a project and multiply it by your hourly rate. This ought to give you the total amount that you should charge for your writing work.

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