What Can I Charge?
8th December 2011 | 0 CommentsOne of the first things that a new 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 a primary concern for authors who are trying to sell their copy generation and content writing services to other providers that need them. This is very challenging those of you that are often told that only the lowest of rates is okay.
First you have to produce a list of all of your month-to-month expenses. This list should include the sum of money you will be paying on things like food, credit card payments, utilities, rent or mortgage payments, cell phones, etc. This is how much cash you’ll want to put into your bank account on an annual basis. This is NOT the amount of money you have to make.
To figure out how much money you should earn, take the amount of money you need to put in your bank account and then add at least forty percent. This will allow you to cover your taxes and fees-after all, the amount of money you make on the web counts as income and you will have to declare it to the IRS and pay taxes on it. This added forty percent can help cover the taxes for social security, Medicare, and many others. The number sitting in front of you right how-your expenses plus forty percent-is the amount you have to make.
You most likely anticipate doing work at least forty hours a week. While it can be good to plan for this time frame you need to realise that only half of that time will actually be spent doing client-related duties. Why will this make any difference? Because it’s got a direct influence on just how much you will charge. Your gut impulse might be to take the amount you need to earn and then divide it by fifty two and then forty to come up with your hourly rate. Instead you need to divide it by the amount of weeks you want to work and then divide that number by twenty.
Now that you know what sum of money you need to charge per hour, from here the total amount you charge for a project is simple to figure out. How long could it take you to generate articles or a sales page? Take the time it will take you to finish a task and multiply it by your hourly price. This is how much you ought to charge folks.
Tags: Bill McRea, blogging, Internet Marketing, plugin, wordpress
Filed under: Internet Marketing
