Freelance Copywriters' Fees- 5 Tips To Take Into Account

Don’t know how much to charge for your services? That is the case with a lot of new freelance copywriters’. When you worked for an agency, you go paid hourly. Now that you have taken the job into your own hands, you have to decide what to charge your customers. There are a few tips to take into account when deciding the price.

There are a few things to think about when you are setting your prices. You should set consistent pricing for all clients. You should do this so that you can get an idea of how well your pricing is working. If you keep track of the percentage of jobs that you win, you can get a better idea of whether they are right or not. This won’t tell you for sure because there are so many other factors involved but it will give you an idea. If your turnover rate is so much higher at one price than another, you can assume that it is a better price. Your economics class would have helped you out with that concept. You are running a business so you have to make decisions regarding that.

  1. What others charge?
  2. You want to see the going rate for various services to get an idea of the range that you should use to determine pricing. This will make sure that you are at least in the ball park.

  3. What do you need to make for your time?
  4. You have to think about how much you need per hour to survive. You want to try and work towards a consistent amount that you would like to make every week to pay all of your bills and live comfortably. You won’t always make it but you want a goal at least.

  5. What are some expenses associated with your work?
  6. Are there any things that you have to pay for to complete the work? Take your internet bill into account. These are indirect expenses to keep in mind.

  7. How much time does it take?
  8. Think about how much time it will take you to complete so that you can save yourself time for other jobs if you can’t get the right price for the job. You can always rebid it at a lower rate.

  9. What jobs would you have to give up?
  10. Think about what jobs that you won’t be able to do now that you are doing that one. This is your opportunity cost. It is what you will have to give up.

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