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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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    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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