What Can I Charge?

The cost that they should charge for their merchandise is usually one of the first and biggest concerns that new Internet Marketers have. This is particularly a hot topic amidst writers who are offering content and copy creation services to those who need them.

Some people seem to think that a writer should only charge what the clients want to pay. This can be very hard for people who are constantly told that only the lowest rates possible are fair. If you have been curious about the amount you should charge for your services, here is how you figure that out.

First you have to produce a list of all of your month-to-month expenses. This consists of just 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 include the charge of doing fun things like going out to dinner once in a while or cash for a few frivolous purchases when you go shopping. The amount of these elements should be multiplied by twelve. This is the amount of money that you should put in your bank account every year. This is NOT the amount of money you have to bring in.

To find the amount of money you have to bring in, take the amount of money you need to put in the bank annually and add at least forty percent. This will allow you to cover your taxes and fees-after all, the money 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 will use this forty percent against your Medicare, security taxes, etc. The amount you see in front of you, expenditures plus forty percent, is what amount you have to earn.

You probably think that you can be working at least forty hours each week. This is a good volume to work toward, but it is important to note that you will only spend probably one half of this work time performing duties for your clients. The remaining time is going to be invested on marketing, paperwork, etc. Why will this make any difference? Because it affects the amount you charge. Your gut instinct 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 have to divide it by the amount of weeks you want to work and then divide that number by twenty.

Now that you know what cost you have to charge per hour, from here the amount you charge for a project is simple to figure out. How long do you believe it’s going to take you to write an article or a sales page? Multiply your hourly price by the time frame it will take you for each job. This will need to give you the total amount that you should charge for your composing work.

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