Author: Craig Reece
This is one of the toughest decisions that new writers face. It's never easy putting a price tag on a service. You definitely want to be paid what you're worth, yet at the same time you need to price your services competitively.
Eventually, if you grow your business, you'll be able to charge more than you can as a new writer. Like many fields, you have to work your way up the ladder. But don't fret - the writing field can be a very lucrative field indeed!
In order to identify what you should be charging for your services, you should figure out how much money you need to make per hour. How much money do you require to sustain yourself? Try to figure out how much money per hour, per month and/or per year you'd need to make.
Another thing that can affect your rates is the length of time you require to complete a project. This can vary from person to person. If you can create top notch products in a timely manner, you're perceived worth may be higher.
The bottom line is to never charge less than what you feel you are worth. If it takes you 10 hours to create a 25 page ebook and you only charge the client $100, are you comfortable with making $10 an hour? There are a lot of ways to look at a pricing strategy, but no matter what price you set your services at, YOU are the one that needs to be satisfied and motivated to push forward.
Just remember that your quality writing skills alone are not enough. You need to have reliable business skills as well. You need to learn how to set your prices in accordance to the market as well as how to negotiate fair pricing. If all you focus on is quality writing, you'll miss out on the big picture.