07-23-2006, 11:05 PM
The first place you should start is doing research on your competition. Make sure you do as much research as you can in this area. Failing to research your competitors in detail can cost you a lot of money and clients. When you start your research here are a few things you want to check on;
Does the company specializing in the product or service? Companies that offer specialized services are always going to charge more than companies that don't.
Does the company have any reports with the better business bureau?
Contact the BBB and see if they have any reports on the company. Search the web to find any information you can on the companies customer support. If the company has any customer service problems you probably don't want to use them as a price gauge.
Taxes
You should do some research to figure out how much local and state taxes you are going to pay. You can do some research online to find this information. Another option is to contact a personal accountant and consult them for advice. This options usually costs a little money but is worth it because you get professional advice you can trust.
Business Expenses
Once you have the details on the project you should be able to figure out how much money you are going to need so you can complete the project. These expenses should be added into your cost.
Figure Out Your Cost Per Hour
To make your cost per hour. This will make it very easy for you to give new clients estimates on what it would cost in general for projects. You should always evaluate your hourly charge about once a month. This will assure your cost is fair and you are not losing money.
I hope this information helps.
Johnny
Does the company specializing in the product or service? Companies that offer specialized services are always going to charge more than companies that don't.
Does the company have any reports with the better business bureau?
Contact the BBB and see if they have any reports on the company. Search the web to find any information you can on the companies customer support. If the company has any customer service problems you probably don't want to use them as a price gauge.
Taxes
You should do some research to figure out how much local and state taxes you are going to pay. You can do some research online to find this information. Another option is to contact a personal accountant and consult them for advice. This options usually costs a little money but is worth it because you get professional advice you can trust.
Business Expenses
Once you have the details on the project you should be able to figure out how much money you are going to need so you can complete the project. These expenses should be added into your cost.
Figure Out Your Cost Per Hour
To make your cost per hour. This will make it very easy for you to give new clients estimates on what it would cost in general for projects. You should always evaluate your hourly charge about once a month. This will assure your cost is fair and you are not losing money.
I hope this information helps.
Johnny