To accurately price a creative project, there are some facts you need to know. These are facts about your own work, and facts about your client and the project. Here are the basics:
You need to know:
- Your hourly rate
- How long the project is likely to take (based on past experience)
- Your overhead and mark up.
- What the competition is charging (tricky to find out but worth trying).
You need to ask:
- Your client’s budget range.
- The value of the project to your client. (Takes some conversation to get this info).
- Most important factors to your client.
If you want to learn how to find these things out – join me for the first in the Creative Professional’s Guide to Money Webcast Series, this Thursday, February 10th.
And if you sign up for the entire 3-part series, you’ll receive the Creative Professional’s Money eCalendar as a thank you. It will sync with your iCal, Google calendar, etc to remind you when to pay estimated taxes and other important financial deadlines.
Details & sign up here.