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    Quote Originally Posted by ab123 View Post
    Generally for a service your price is Materials + Time + Expertise. I would start by looking at what others are charging to get an idea.. So, for building wordpress sites your overhead is probably pretty low (just a computer, electricity and a workspace, most likely), so think about the number of hours you'll spend on a project and set a reasonable hourly rate for yourself based on your experience. Remember that beginners take longer to complete a project, but a beginner's time is worth a lot less than an expert so experts should still charge more per project.
    Some times we disdain expenses that might be overwhelming with the pass of the time. Electricity is not that cheap in many places, and a computer may need to be replaced or repaired overtime.

    While I do agree that pricing should include materials and time invested, plus one's expertise, each an every piece in your business setting counts, including the price someone is paying for the Internet connection.

    Someone said that whether you are selling a service or a tangible good, it is a good business practice get your average cost for each piece of job and multiply it by three, so you can get paid a fair price.


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    There are many reasons why you might want to review your service prices - perhaps you have received an official accreditation, maybe your overheads have increased or you want to fund an expansion of your business. Whatever the reason, you'll need to plan carefully before you fix a new price for your offering. Payroll Outsourcing Services.


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    Hi, You have to know the estimated market price for your service. Business starters in Australia can register their company in https://company123.com.au/ at very affordable price. You can register online in just 5 minutes.


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    #24
    Join Date
    Apr 2019
    Location
    Singapore (Republic of Singapore)
    Posts
    13
    The second option is I think effective, I mean how can't ask for higher charges if your competitor is providing the same services at a low price. Here, checking the reliability of your services is a must. Based on the reliability of services, you can decide charges for your services.


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    The price you charge for your product or service is one of the most important business decisions you make. Setting a price that is too high or too low will - at best - limit your business growth. At worst, it could cause serious problems for your sales and cash flow.

    If you're starting a business, carefully consider your pricing strategy before you start. Established businesses can improve their profitability through regular pricing reviews.


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    Regards,

    Robert Colin

    www.salientit.com
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    As a service business, another route for setting prices for services is to charge customers by the project. Use your hourly rate and estimate how long it will take to perform the service. Multiply the time by your hourly rate. Or, you could charge a fixed price for each service.


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    You can analyse the price of competitors and determine the price of your services based on the quality of service you offering to the customers.


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