I am lost on how to properly give a price quote. Can someone help me with this? I don't want to give a quote that is completely off and look knowledgeable or unprepared. That is my fear of not succeeding as a VA - I can work just fine with the clients I know on a personal basis - but working with outsiders makes me nervous. I want to be completely prepared when it comes to this. So how do you all go about giving a price quote? I feel as though it is necessary... or do others think otherwise? HELP!

Hi

I know this is an area that can be quite difficult, you don't want to over quote (or under quote) so you need to find a happy medium, which can be difficult. I think you jut need to go with your instincts.

I generally know how much time it will take me to complete a letter or a presentation, or to generate an enewsletter. So I quote on that basis.

The easiest way to provide your client with an accurate quote is to get as much information from them before hand as you can, find out if they have a budget and go from there.

If it is a complex task, break it down into smaller tasks and work out how long they will take to complete and go from there.

Hope this helps.

Cheers,
Nicole

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Little Miss Useful
www.littlemissuseful.com

Thanks for the input - it is greatly appreciated. Isn't there an "easy button" out there to help get all this started for me?! Or better yet, a VA to put together my business

LOL now that would be nice! Unfortunately not, I guess to begin with you always feel a bit unsure of things and as you get more experience it will get easier.

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Little Miss Useful
www.littlemissuseful.com

I either give them a quote for a base of 10 hours or I tell them a project will take between a certain number of hours. For example, a one time project would be at my regular hourly rate and then I would tell them it might take between 3-5 hours so they have the maximum and minimum amount that it will cost. Because I'd rather have retainer clients, then usually I just quote my minimum of 10 hours up to 40 hours per month.

Alternatively, if the client doesn't want to or isn't yet interested in retainer hours then offer to bill them for the hours used every two weeks so they can get a feel for how many hours they might need and let them know that you can discuss if they want to move to a retainer after the first month or two. This is beneficial to them if your regular hourly rate is higher than a discounted rate for being on retainer.

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Kimberly
Facebook Marketing Magic!