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Author Do you ever undervalue your work?
BluKoo
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Registered: 8th Apr 02
Location: Stonehaven (Scotland)
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5th Sep 13 at 16:05   View User's Profile U2U Member Reply With Quote

Finished up a job last night and when I was making up the invoice I decided to give myself a 16.6666% pay rise.

I wondered whether it was cheeky just thinking to myself, fuck it I want more money. I'll charge more.
Then again I think what I charge per hour is still cheap compared to others.

Any other self employed people feel like you're chancing it when bumping up your rate?
Gary
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Registered: 22nd Nov 06
Location: West Yorkshire
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5th Sep 13 at 17:06   View Garage View User's Profile U2U Member Reply With Quote

Hardest part of the job sometimes. You can be as good as you want but folk think with their pockets at the end of the day.
mattk
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Registered: 27th Feb 06
Location: St. Helens
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5th Sep 13 at 17:13   View User's Profile U2U Member Reply With Quote

Always, I hate pricing jobs, needs to be done though.

I hate pricing something and they go "OOOOO Yeah that's a good price", makes me think "Fuck, could have gone well higher on that" I know what I charge though, I tend to go with that and weight it either way depending on factors of the job and the customer
johnny86
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Registered: 15th Feb 10
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5th Sep 13 at 17:27   View Garage View User's Profile U2U Member Reply With Quote

When I was on the tools (scaffolding) I used to jump from firm to firm all the time doing this..

The best one was charge companies £90 a day for my labourers and get people on dole and pay them £50-£60 cash extra £30 a day helps..
kz
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Registered: 9th Aug 02
Location: Southend, Essex Drives: Mini Cooper S
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5th Sep 13 at 17:38   View User's Profile U2U Member Reply With Quote

My girlfriend's just got her first illustration freelance job... they've asked her in tomorrow to discuss rates and she doesn't really have a clue how much to ask. She's thinking of going in for £20 per hour (but dropping to £15 if needed) but she needs a price per project too. Any ideas!? Each one seems to take about a day.
Graeme
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Registered: 26th Jul 04
Location: Northampton
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5th Sep 13 at 17:51   View Garage View User's Profile U2U Member Reply With Quote

Depends on what you do. I work out my materials costs first and then a rough figure of hours to do it. Then see what it comes up with.

If it looks to much I drop it a bit to get the job but with others if it doesn't look enough bump it up a bit.

Its a hard thing but it works its self out.
dannymccann
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Registered: 9th Aug 06
Location: Doddington, Lincolnshire
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5th Sep 13 at 18:11   View User's Profile U2U Member Reply With Quote

I love doing this sort of thing, pricing up the costs of a job, hours needed, then working with whoever it is discussing the margins they want to achieve etc.

I'm an accountant (in training anyway), so I should enjoy it
johnny86
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Registered: 15th Feb 10
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5th Sep 13 at 18:40   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by dannymccann
I love doing this sort of thing, pricing up the costs of a job, hours needed, then working with whoever it is discussing the margins they want to achieve etc.

I'm an accountant (in training anyway), so I should enjoy it


I love accountants especially end of year tax returns makes being self employment worth while :wink:
spencer88
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Registered: 6th Oct 08
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5th Sep 13 at 19:14   View User's Profile U2U Member Reply With Quote

So you bumpy your prices up if you think you will get away with it?


I'd price my work on what I think it is worth, regardless of who it was for.
Ronson
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Registered: 6th Dec 10
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5th Sep 13 at 19:20   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by spencer88
So you bumpy your prices up if you think you will get away with it?


I'd price my work on what I think it is worth, regardless of who it was for.


Top man! It's no wonder people hate builders/joiners/window fitters etc as we all know they do it but cant prove it.


I also hate taxi drivers but that's because they think they own the road, charge a fortune, park in loading bays and don't move when I need to get in, but if I park in a taxi bay they kick off. Wankers, absolute wankers!

I might do a Derrick Bird and shoot me some taxi drivers!
baza31
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Registered: 19th Apr 03
Location: yorkshire
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5th Sep 13 at 21:30   View User's Profile U2U Member Reply With Quote

If am busy price goes up

Quiet price goes down.

Simples
Rich H
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Registered: 26th Oct 05
Location: West Sussex Drives: E46 M3
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5th Sep 13 at 22:10   View User's Profile U2U Member Reply With Quote

Probably all the time tbh - have got to a point now where I don't bother working for those who tell me I'm too expensive. I largely work for people who don't even ask how much it'll cost anymore Then I find out how much others charge and I know I'm far too cheap
Ian
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Registered: 28th Aug 99
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5th Sep 13 at 22:27   View Garage View User's Profile U2U Member Reply With Quote

Very difficult when you're new to it to price stuff. That's why I became a teacher of web design rather than designing web sites, no money in web sites by the time you'd undersold massively every aspect of the job.

Does get easier as you do more as you become less worried about losing work. That's not to say you're taking the piss out of customers but if you're good at what you do and have enough people wanting you there, you can regulate your hours by upping the price. Baza has it right.

quote:
Originally posted by Rich H
Then I find out how much others charge and I know I'm far too cheap


Perk of the sector.

You do appear to be very busy, I don't mean full order book busy, I mean working long hours and too many days. That's probably a good sign you need to be turning stuff down and charging more for what remains.
Rich H
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Registered: 26th Oct 05
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5th Sep 13 at 22:30   View User's Profile U2U Member Reply With Quote

'Order' book is full too (to January) but yes far too many days / hours per week - as this year is already booked, plans are in the pipeline for quite a bit of change in terms of services and prices for next year to try and get some form of life outside of work back!
spencer88
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Registered: 6th Oct 08
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6th Sep 13 at 06:20   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by baza31
If am busy price goes up

Quiet price goes down.

Simples


As Ian says, I think this is spot on.

However, I wouldn't alter my price between two people in an 'ordinary' situation.

If you think your work is worth, say £50 an hour, charge £50 an hour.
If you think it is worth £20, charge £20.

Don't think, oh he drives a Ferrari, I can charge him more.
BluKoo
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Registered: 8th Apr 02
Location: Stonehaven (Scotland)
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6th Sep 13 at 11:45   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by spencer88
So you bumpy your prices up if you think you will get away with it?


I'd price my work on what I think it is worth, regardless of who it was for.


No, it's not like that. This is the 4th job I've done with the client and with each job I have completed I have improved. I have also gained experience. Which in turn also speeds up my work flow a little.

Photography is such a competitive market right now I'm lucky to have a regular client who needs work.
The last thing I want to do is price myself out of the job.
spencer88
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Registered: 6th Oct 08
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6th Sep 13 at 11:47   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by BluKoo
quote:
Originally posted by spencer88
So you bumpy your prices up if you think you will get away with it?


I'd price my work on what I think it is worth, regardless of who it was for.


No, it's not like that. This is the 4th job I've done with the client and with each job I have completed I have improved. I have also gained experience. Which in turn also speeds up my work flow a little.

Photography is such a competitive market right now I'm lucky to have a regular client who needs work.
The last thing I want to do is price myself out of the job.


I didn't mean you as such.

If you think your work has deserved that rise, well done, crack on.

I was aiming at the ones who think they can alter their price between two different clients, but for the same work.
A2H GO
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Registered: 14th Sep 04
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6th Sep 13 at 11:49   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by BluKoo
quote:
Originally posted by spencer88
So you bumpy your prices up if you think you will get away with it?


I'd price my work on what I think it is worth, regardless of who it was for.


Which in turn also speeds up my work flow a little.




If you're spending less time on the job that's payment in itself.
BluKoo
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Registered: 8th Apr 02
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6th Sep 13 at 12:09   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by A2H GO

If you're spending less time on the job that's payment in itself.


That is very true. However I didn't feel like I should be missing out on collective hours (and therefore money) on jobs because I got the processing down to a T.

I'm now charging £35p/h instead of £30, so as you can imagine with £5 of a difference, every little helps.
Balling
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Registered: 7th Apr 04
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6th Sep 13 at 12:19   View Garage View User's Profile U2U Member Reply With Quote

quote:
Originally posted by A2H GO
If you're spending less time on the job that's payment in itself.
Not if he charges per hour it isn't.


VegasPhil
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Registered: 16th Jan 05
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6th Sep 13 at 12:19   View Garage View User's Profile U2U Member Reply With Quote

Just overpaid a guy that underpriced a job in my opinion.


Corsa 2.0 16v Vegas - Sold
Balling
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6th Sep 13 at 12:23   View Garage View User's Profile U2U Member Reply With Quote

Part of my old job was calculating prices and I hated it.

Was shit at it too. Often missed expenses like shipping from subcontractors and environmental fees and as a result undercharged my clients.


Ben G
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Registered: 12th Jan 07
Location: Essex
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6th Sep 13 at 16:23   View User's Profile U2U Member Reply With Quote

quote:
Originally posted by spencer88
quote:
Originally posted by baza31
If am busy price goes up

Quiet price goes down.

Simples


Don't think, oh he drives a Ferrari, I can charge him more.


Is that how it all works?

You wouldn't turn up to the house and charge the same as a bloke who has a shitty old astra outside.

 
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