How Do You Decide On A Fair Hourly Rate For Web Design Work A Formula For Pricing?
Deciding on a fair hourly rate for Web design work is always difficult. Instead of worrying about what the “going rate” is in your area, especially since Web designers can work nearly anywhere, you should determine what your bottom line is. Once you know the minimum you need to charge to cover your expenses and provide a decent profit, you can find clients and projects that work within that budget. With the following formula you can determine how much you need to charge on an hourly basis to not only pay your bills, but also make a profit. What You Need to Know In order to determine your hourly rate, you need to know the following information: • How much you want your annual salary to be each year. • How much you pay your employees in salary each year. (This would be $0 if you have no employees.) • How many hours you’ll work per year. • How much overhead do you have per year. • What profit goals do you have. Your Annu
