How Large Should My Prices Be?

The money that they should charge for their merchandise is usually one of the first and biggest concerns that new Internet Marketers have. This is definitely an important topic among the internet writers who are trying to present copy and content writing services to other people who need them. Some individuals appear to think that a writer should only charge what the clients want to pay.

This can be very hard for many who are constantly told that only the lowest rates possible are fair.

If you have been trying to figure out just how much you should charge for your writing, here is how you come up with that number.

First you need to list out all of the monthly payments you make.

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 amount of cash you think you might spend on fun things such as dinners out and frivolous shopping trips. The value of these things needs to be multiplied by twelve. This is the amount of money you should put into your bank account every year. This is absolutely not the same amount of money you need to earn.

To find the amount of cash you need to generate, 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. This extra forty percent may help cover the taxes for social security, Medicare, etc. The amount you are considering right now: the expenses with forty percent added to it–is the amount of money you have to make.

You probably are convinced you will be working at least forty hours each week. While it’s good to plan for this time frame you need to understand that only half of that time will actually be spent doing client-related duties.

The other half will probably be invested undertaking book keeping, marketing and other administrative stuff. Why do you need to understand this? Because it will influence just how much that you need to plan on charging. 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 be dividing by twenty—this is the amount of time you will be spending on client work.

Now that you have an hourly fee all worked out, how much you charge per project is up to you. How long can it take you to generate an article or a sales page? Take the time it will take you to finish a project and multiply it by your hourly fee. This is the amount you ought to charge people.

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