How Much Should I Charge?

One of the primary things that brand-a new Internet Marketer will ask is what amount he or she should charge for the products or services that he or she is offering. This is a main concern for freelance writers who are trying to sell their copy development and content writing services to other providers that need them.

Some internet writers believe that they should just charge the fees clients want to pay. This is usually really hard for people 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.

The first thing you need to do is jot down all of your monthly payments. This list must 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 add the price of doing fun things like going out to dinner once in a while or funds for a few frivolous purchases when you go shopping. Add all of this up and then multiply it by twelve. This is the amount of cash that needs to be put in your bank account annually. This is NOT how much money you should bring in.

To find the amount of money you need to generate, take the amount of money you need to put in the bank annually and add at least forty percent. This can help you cover your taxes and fees-after all, the cash you make on the net counts as income and you will really need to declare it to the IRS and pay taxes on it. This extra forty percent is going to cover the price of social security taxes, Medicare, 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 likely are convinced you can be working at least forty hours each week. While it can be good to plan for this time frame you need to understand that just half of that time will actually be spent doing client-related duties. The other time will be used up on marketing, paperwork, etc. Why does this make any difference? Because it has an effect on how much you ask for. Your first impulse 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, what you need to do is divide the amount by the amount of weeks you think you’ll be working and divide that number by twenty.

Now that you hold the sum you need to charge on an hourly basis from here what you charge is up to you. How long will it take you to produce an article or a sales page? Multiply your hourly price by the period of time it will take you for each project. This is just how much you need to charge individuals.

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