What Can i Charge?

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by: harrysmith43
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Word Count: 528
Date: Tue, 15 Mar 2011 Time: 3:08 AM
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One of the first things that a new Internet Marketer will ask is how much he or she should charge for the products or services that he or she is offering. This is especially a hot topic among writers who are offering content and copy creation services to those who need them. Some folks think that they need to charge whatever people are willing to pay. This is very challenging those of you that are often told that only the lowest of rates is okay. If you have been trying to figure out how much you should charge for your writing, here is how you come up with that number.

First you should list out the many monthly bills you make. This comprises how much you pay a 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 price of doing enjoyable things like going out to dinner once in a while or funds for a few frivolous purchases when you go shopping. Add all this up after which multiply it by twelve. This is the sum of money that you should put in your bank account annually. This is absolutely different than the sum of money that you need to earn.

To find the amount of money you should bring in, 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 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 sitting in front of you right how-your bills plus forty percent-is just how much you should make.

You possibly believe that you will be working at least forty hours each 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 rest of the time you will end up doing paperwork, advertising, etc. Why should you understand this? Because it's got a direct influence on how much you will charge. Your gut instinct might be to take just how much you need to earn and then divide it by fifty two and then forty to come up with your hourly rate. Instead, what you need to do is divide the amount by the quantity of weeks you think you'll be working and divide that number by twenty.

Now that you possess the sum you should charge on an hourly basis from here what you charge is up to you. How long will it take you to write a piece of content or maybe copy? Take that period of time and multiply it by the hourly fee that you have figured out. This is the amount that you need to be charging for your various assignments.

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