subject: How Large Should My Fees Be? [print this page] How Large Should My Fees Be? How Large Should My Fees Be?
One of the most important 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 primary concern for authors who are trying to sell their copy development and content writing services to other providers that need them. Some writers feel that they should merely charge the prices clients want to pay. This is mainly problematic for people who are frequently told that only the barest minimum of rates is acceptable. If you have been curious about just how much you should charge for your services, here is how you figure that out.
First you need to list out the many monthly bills you make. This includes how much you pay each month in rent or toward your mortgage, your utility bills, how much you spend on food, your cell phone bill, credit card payments, etc. Make sure you add the charge of doing enjoyable things like going out to dinner once in a while or cash for a few frivolous purchases when you go shopping. The sum of these items has to be multiplied by twelve. This is the sum of money that you should put in the bank each year. This is absolutely not the same sum of money that you need to earn.
To find the sum of money you have to earn, take the amount of money you need to put in the bank annually and add at least forty percent. This will help you handle 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. You can use this forty percent against your Medicare, security taxes, etc. The amount you are considering right now: the expenses with forty percent added to it--is the amount of money you should make.
You probably intend on working at least forty hours a week. This is a good amount to plan for but you need to realize that only about half of that time will be carrying out actual work for clients. The other half is going to be spent doing book keeping, marketing and other administrative stuff. Why is this important? Because it's a direct affect on what amount you will charge. Your first instinct might be 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 number by the number of weeks you think you'll be working and divide that number by twenty.
Now that you have an hourly rate all established, what amount you charge per project is up to you. How long could it take you to create an article or a sales page? Take the time it will take you to finish a job and multiply it by your hourly price. This will need to give you just how much that you should charge for your publishing work.
