How High Should My Rates Be?

By Jaimee Dellapenna Kottsick


The money that they should charge for their merchandise is normally one of the first and biggest concerns that new Internet Marketer's have. This is particularly a hot topic amidst writers who are offering content and copy creation services to those who need them. Some internet writers believe that they should only charge the rates clients want to pay. This is usually very hard for many who are constantly told that only the lowest rates possible are fair. If you have been trying to puzzle out what amount you should charge for your writing, here is how you come up with that number.

First you have to produce a list of all of your month-to-month expenses. This will include how much money you spend on rent, mortgage payments, utilities, food, credit cards, other services, etc. Be sure that you put in the funds you spend on interesting things like going shopping or going out to dinner. The amount of these elements needs to be multiplied by twelve. This is the amount of cash that should be put in your bank account annually. This is not the same thing as the amount of money you will want to make.

To find the amount of cash you need to earn, take the amount of money you need to put in the bank annually and add at least forty percent. This will give you enough money for covering taxes and a variety of 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. You can use this forty percent on your Medicare, security taxes, etc. The number you are looking at right now: the expenses with forty percent added to it--is the amount of money you have to make.

You possibly plan on doing work at least forty hours a week. While it's good to plan for this time frame you need to realise that merely half of that time will actually be spent doing client-related duties. The remaining time you will end up doing paperwork, advertising, etc. Why must you learn this? Because it influences how much you ask for. Your primary thought is probably to take the amount of money that you should earn then divide it by fifty two then take that number and divide it by forty (to come up with an hourly rate). Instead, you need to be dividing by twenty-this is the time you will be spending on client work.

Now that you hold the amount you need to charge on an hourly basis from here what you charge is up to you. How long does one believe it is going to take you to write an article or a sales page? Take the time it will take you to complete a task and multiply it by your hourly price. This is the rate that you ought to be charging for your various jobs.




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