Home Business - Pricing Your Freelance Projects - Continued

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Home Business Basics Categories:

Setting Your Hourly Rates | Pricing Your Projects
How to Quote a Freelance Project | Should You Take the Job | Naming Your Home Business
Legal Considerations for Your Home Business

NONPRODUCTIVE TIME

There are duties that must be completed for each client that are not productive towards completion of the project. Figure out the actual work hours are spent on the following duties. You will need this total later, so keep the number handy.

Sales
Emailing Customer
Phone Calls
Meetings
Administrative duties
Training
TOTAL

PROFIT

Now you will need to figure out how much of a profit you wish to make. Profit is the amount that you make over expenses. I recommend 20% in order to make an acceptable profit margin. Profit is necessary for a successful business so make sure to count profit into your formula.

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