Re: my first bid - a little nervous!
Hi Lisa,
I'm not sure how you will want to bill out, but here is a formula that I have created that is useful for me.
[I don’t have a lot of “paying” clients yet, but even on my barter deals, I act as if it were an actual cash transaction, so both parties feel like they were compensated equally]
Here is what I have set up so far:
I have set a base hourly rate for myself (mainly for maintenance)
But the hourly amount I chose, it is what I feel my time, expertise, knowledge and creativity is really worth. (I’m not sure if it is too high or too low yet, but I think I am in the ball park)
Anyhow, knowing what you want (deserve) for your hourly base rate is where to start, then:
1) For new site building, I charge a basic flat rate for my over all site design.
2) And $100.00 Per created page - using the site design I’ve have created.
3) Extra charges for the bells and whistle add-ons; such as flash graphics, video editing; photo galleries etc...
4) I don't charge monthly service fees - but that is where my base rate comes in for changes etc... saves them in the long run if they only need changes done once in a while. If they need a monthly rate I can offer a discount then.
Which in the long run, all the above turns out to be much less then my base rate per hour.
Now if you look at your project of a 20 page site, then take an estimated amount of hours you think it will take to complete (be fair to yourself – your time and knowledge is worth something) – then figure out what your worth is for an hourly rate.
(This estimate will be high at first)
If text is easy and pages don’t take too long to build awesome! But if you are stuck having to produce the content, well that will take time- think about clocking in at a job (office) You get paid by the hour? Now turn your hourly rate into a “project” a flat rate- 10% -15% -25% off your total?
- You can then be fair and offer a package deal but now you know what you are worth!
If I am going through a learning curve or have an issue with design, [getting caught up in the industry] I don’t add those hours into my final bill...
Yes we all take less sometimes because money coming in is better than no money –
Just remember when bidding: If you are willing to put your time & energy into a project, don’t cut yourself too short.
I know I have had a couple of clients who have really taken advantage and I have spent way too many hours on their projects without seeing any money for my efforts. A lot of it I chalk up to being my learning curve, and now I have very nice sites for my portfolio. However their freebies are ending soon (they don't know that yet)
Speaking of learning curves: If you know you’ll be learning along the way with that project- then by all means take a little less and get paid while you learn a new skill!
This is just how I am approaching my web site building business right now. I’ll admit, haven’t worked out all the bugs just yet! So if you have a suggestion – I’ll listen.
I would love to hear the formula you come up with for your business. (If you want to see my pricing I have it listed on my site –under “Rates”)
I am debating on taking the list off of there- I’m not sure if listing everything is the way to go yet, as i don’t want to scare off a client because my pricing is not cheap.
But the other side : the client knows up front the costs, for a custom site, and also knows if I give them a project price that they will be saving a lot too.... so more for
me to think about.
I hope this helps you – let me know how it goes.
oh if you want to take a look at the program I use for building sites, PM me and I'll send you a link.
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