What Can I Charge?
Posted in Internet Marketing on May 6th, 2011 by Googler – Be the first to commentOne of the most significant things that a fresh Internet Marketer wants to learn is what amount he or she should be charging for his (or her) products or services. This is a major concern for writers who are trying to sell their copy development and content writing services to other providers that need them. Some men and women believe that they need to charge whatever people are willing to pay. 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.
First you should list out the many monthly bills you make. This will probably include how much money you spend on rent, mortgage payments, utilities, food, credit cards, other services, etc. Make sure you add the price of doing enjoyable things like going out to dinner once in a while or funds for a few frivolous purchases when you go shopping. Take this specific total and multiply it by 12. This is not the same thing as the sum of money that you need to bring in.
To find the amount of money you need to bring in, take the amount of money you need to put in the bank annually and add at least forty percent. This will give you sufficient money for covering taxes and different fees–after all, the money that you earn on the net will count as income–it needs to be reported to the IRS and taxes need to be paid on it. The number you see in front of you, expenses plus forty percent, is just how much you should earn.
You possibly anticipate working at least forty hours a week. This is a good amount to work toward, but it is important to note that you will only spend probably half of this work time performing duties for your clients. The other time will probably be spent on marketing, paperwork, etc. 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 intend to work and then divide that number by twenty.
Now that you have the sum you should charge on an hourly basis from here what you charge is up to you. This is the amount that you should be charging for your various jobs.