Once you know how many hours you can realistically invoice for, you can work out what rate you’ll need to charge to cover your income and costs. Using our hypothetical (£/$/€) 80,000 figure and dividing by 1,350 (your billable hours available in the year), you’d need to charge at least (£/$/€) … See more How much money do you want to make in a year? Take into account the standard of living you require, and any gains you might make from investments. For the sake of this article, we’ll … See more Using a standard work week (40 hours a week, 52 weeks a year) to estimate the number of chargeable hours isn’t really realistic. You also … See more (£/$/€) 50,000 divided by your 1,350 hours means adding another 37.04 to your income requirements. This brings our initial rate of 59.26/hr … See more For the sake of this article, we’ll assume a figure of (£/$/€) 50,000 of overheads for the year. Whatever the figure looks like for you, it should cover costs including (but not limited to): 1. Tools and equipment 2. Power/electricity 3. … See more WebHow to calculate profit: Step 1: Calculate your referral fees. Step 2: Find your your closing fees. Step 3: Calculate the shipping fees, or if you are using self-ship, check the cost of shipping. Step 4: Calculate Total Fees …
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