How a day rate works?
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- jh0
There is a piece missing here:
You HAVE to work out a day rate based on what you need to run your business (service). You need to divide the days you think you might work by the amount you need to operate. That becomes a guide to your day rate. You need this regardless of whether you charge by a project basis since you can't calculate the true cost of a project unless you can estimate the time value.
Charging by the hour can actually be quite profitable - but it does depend on the client. Charging by the project often means working more for less money since clients always push if they know you can't budge on the cost.
If you work more than 8 hours per day you could count that as overtime (an agency cetainly might) but only if the deadline requires it, not if you're trying to give yourself a free day the day after. I would stick with a fixed hourly costing, based on a day rate calculated as above - if you can.
Costing out jobs takes forever and often eats into the amount of time you can do "invoicable" work. But again it's an overhead you need to allow for.
Much of this is just business not specific to design, but any type of service.
- rasp0
thats what chores are for though?
hmm maybe shes getting wise to his 2k per one day, once every two months, project action.
- rasp0
like i said:
"a project might be done in a day, and you make 2 grand."
that happen a lot derek?
rasp
(dec 12 03)
- Derek20
not often....
maybe... once every two months
- Derek20
i dont pay rent..
i actually live with my dad... not my mum.
its 100% profit.. no morgage, no car payments, no insurance, no heating payments, no gas bill.
its cool for now, i love my situation. i dont feel the need to move out yet, i will in a couple of years, but, for now im really happy with whats going on.
my chores?
probably similar as you rasp...
you sweep and do dishes too?
:P
- Derek20
if that
- mrdobolina0
tell the agency to save the day rate for screwing over photographers.
- rasp0
no need to sweep because i live indoors. i do vacuum though.
- fyoucher10
jh,
that helps a lot...I've been freelancing for about a year and a half now and have to figure out all this stuff alone....hourly always works best but a couple of clients only do day rates...Does anyone know a place where I can get freelance pricing guide....eg. day rate, hourly rate, overtime rate...or other ways of charging......?
- Derek20
*mortgage
(so no one makes fun of me for the typo, as that has happened numerous times)
- Derek20
ive got all hardwood floor... i sweep that shit. :)
- Derek20
fyoucher1,
im iin toronto..
i just love NYC...
and, i do all kinds of odd jobs.
finding clients isnt too hard anymore. used to be a bitch... its who ya know. set up some good contacts produce good work.. and its all good. just dont miss a deadline... lol....:(;)
- rasp0
me too, cabbage.
w00t ;)
- rasko40
you shit on your floor??
- Derek20
my cat did a few times
lol
- FUZCO0
wow, that is the longest thread for such a simple question.
NT members need to calm down... To the "know it alls" out there? Were you born knowing everything...or did someone else teach you?
Please, be kind, rewind
- JamesEngage0
You do all these good projects, but just post up photos of you and your mum in TFI Fridays? I don't get it?
- 4cY0
rate per project.
- JamesEngage0
very few projects are daily rates... except possibly retainers... plus if you start charging by the hour you sound like a paperboy
- fyoucher10
Another thing, would you do half days or quarter days....wouldn't it make sense to do it hourly instead of that? This would be work offsite too.