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    Quote Originally Posted by fredkawig View Post
    You need to look at the expenses that you have and then do some markups or even just a little above breakeven, if you're offering a unique product you can increase your price range to have good income.
    Raising the price has no value if you are not selling any products. You are not going to sell any thing if your price is an excess of market value. If you are selling a product that does not net you profit at market value. You should not be selling that product.


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    There are so many questions, and so few answers to this topic.

    I provide a service and not a product so there isn't a cost of materials component for me. I look first to my competition. I don't only look at the price they are charging, but the details of the service they offer. Hourly rates range from less than minimum wage on up to excellent wages, but the quality of the service providers varies as well. I look at my expenses. How much money do I need to make it through the month and how many hours will I have to work to do this. I also look at my client base to get a feel for what they would be willing to pay. If I were to relocate to another city or even a different part of the city, the affordability of my services may change. Housing prices and the types of shops nearby can give you an idea of what people can afford.

    If you are getting too much or too little work, adjust.


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    Quote Originally Posted by Eagles910 View Post
    The best way to determine the price of your service is to examine the prices that your competitors are offering. This will determine the market value of your service. From there you need offer a price that is competitive with market value. If you choose to go over the market value. You will not receive much business. Especially in this economy. People are looking for all of the bargains they can find.
    This is very true - People are always on the lookout for bargains or even freebies. They always want to get the most out of their money which sometimes not reasonable anymore. Anyway, I'm now looking or considering the idea of offering service packages. From basic to full service package as I think this will help me negotiate better with bargain hunters.


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    Looking at the competition can be tricky. The price they ask doesn't necessarily reflect the quality of the service. Maybe you tend to offer some free advice too, maybe you install some additional plugins to secure the blog - all these should reflect your price. Personally I think it's a matter of testing. Offer your services, see how people react and how much would they pay, then modify your asking price accordingly. And don't forget to factor in the time you spend doing it, that matters too.

    Your best bet would be to join sites like freelancer and have a look at the top freelancers in the Wordpress category, that should give you a great perspective on prices and work value.


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    I think this takes a little bit of experimentation to figure out. You probably won't have the perfect pricing when you first start out. I don't think it is a bad idea to look at competitors and price similarly. What I would really focus on is doing a really good job with your clients, that way you can justify whatever prices you decide on.


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    It's always good to base your prices as compared to your competitors. Competitor analysis is important when you start a business so that you know who you're up against. You should be competitive when it comes to pricing, and service versatility. Try to also have great client service so people would prefer going to your business rather than your competitors.

    In terms of determining the prices of your services, make sure your price covers the cost of your efforts and electricity expenses.

    Good luck!


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    Okay, so your service is something that is on the internet, therefore 0% local. You can't go lower than everyone else, since there is always an Indian guy willing to work for $3/hour. Reputation is THE ONLY way to go. I'd suggest doing a couple of jobs for free, this way you have real projects to display in your portfolio and assuming you did a good job, a couple of potential future customers.


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    The very first thing you have to consider is the actual cost of providing your service to the customers. In order to maximize your profit, you have to check the ongoing market rate for the type of product you are offering. From here, you should have a rough idea on what is the range of price that people are willing to pay for your product service. I would recommend you to diversify your price range for various features of your service. It should widen your market targets and increase your customer base.


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    Quote Originally Posted by crimsonghost747 View Post
    Okay, so your service is something that is on the internet, therefore 0% local. You can't go lower than everyone else, since there is always an Indian guy willing to work for $3/hour. Reputation is THE ONLY way to go. I'd suggest doing a couple of jobs for free, this way you have real projects to display in your portfolio and assuming you did a good job, a couple of potential future customers.
    I see your point... Personally, between a $3/hour web designer and a reputable/proven (but higher rate) one, I'd still go for the latter. Anyway, I really don't have good experience with bargain hunters, they're usually the more demanding ones.


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    $1000 is way to much though. Its best to check the competitors prices.
    But with this amount, I can provide SEO services apart from hosted wordpress setup and guarantee a spot on the first page of search result to a long tail keyword.


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