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#1 (permalink) |
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Designers are strange :)
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What rates??
OK so I am pondering opening a design site. But I dont know what to charge, so I came here looking for help. What do you charge?? I know that other people charge more because they are better yada yada yada and I know that so I will alter it to suit me and my capabilities. Thanks guys. Also, what do you think of the name Pearl Flame??? Sound ok?? or sound gay?? Thanks again. |
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#7 (permalink) |
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Crazy diamond...
Join Date: Apr 2004
Location: Liverpool (UK)
Posts: 745
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From a previous post: Best way to work out your hourly rate is as follows: Monthly overheads - thats rent, rates, finance (if you have it), utility bills etc and wages x 12 (Months) + Hardware/software purchase/upgrade allowance ÷ 50 (weeks) - you want 2 weeks off, if more then reduce this amount ÷ 5 (days) ÷ Number of workable hours in a day (i.e. 5 or (if you're lazy) 3 etc) = Hourly rate - add a tenner and a % markup (say 10% or 30%) for profit & bargaining. So, depending on your overheads, it may work out as this: £1500.00 (Overheads) + £1500.00 (wages) = £3,000.00 x 12 (months) = £36,000 + £2,000 (upgrades etc) = £38,000 ÷ 50 (weeks) = £760.00 per week ÷ 5 (days) = £152.00 per day ÷ 5 (hours) = £30.40 per hour + £10 (profit) = £40.40 per hour + 30% (profit/bargaining) = £52.52 per hour That means you should, in reality, charge at least £52.52 per hour - if your overheads are lower/you want a smaller wage (yeah, right) then you could charge lower. The bargaining % is just that - it lets you drop your rate if you really want to get the job but you must remember that you should really charge no *less than* £40.40 if you're going to make money. Thats what you're in business for - not just to make things look pretty but to make money. Go lower than £40.40 and you start working for nothing. Quite often larger business will still be put off by higher hourly rates, "£50 per hour? I can get someone else to do it for £30!" - fine, tell them your rate is £30, but at least *double* the time it will take to make up for it. That way, they're happier that they've got a good deal and you can still feed your family/drink/drug habit. The whole thread is here... Your hourly rate Effervescing Elephant
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