How to budget for a freelance job?

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If there is one thing about the freelance world that is really difficult, it is budgeting services for clients . It is difficult to put a price on services, and even more so when you are just starting out in the freelance world.

Pricing our services is, in some ways, a way of putting a price on ourselves . This is why the vast majority of freelancers wonder how to budget a freelance job. The idea is that they don't get paralyzed when it comes to getting clients in digital marketing , but rather that they can budget the jobs in an easy and profitable way.

In this article we are going to learn two ways that we can use to budget our freelance jobs , whether we work in digital marketing or in any singapore email list other area. Keep in mind that if we want to get more and better clients in digital marketing, it is a good idea to take digital marketing courses to gain knowledge, skills and a range of services.

In this article we will see:

Method 1: Budget by hour of work
Advantages of budgeting based on working hours
Disadvantages of budgeting based on work hours
Method 2: Budgeting with a fixed price based on tasks
Advantages of fixed price budgeting
Disadvantages of fixed price budgeting
Price lists with reference prices in digital marketing
Conclusion
Method 1: Budget by hour of work
Budgeting freelance work based on working hours

The first method is to budget based on the number of hours the job will take.

This requires us to do two fundamental things: first, set a price for our hourly work , and second, know how many hours the job in question will take.


For example, let's imagine that we are community managers and we manage our clients' social networks. We can know that our service, which includes 3 monthly posts + 10 monthly stories + comment moderation at that time, will take us a certain number of hours per day. Let's say three hours per day per working day of the week, as an example.



In this way, we can obtain a final value for the tasks to be budgeted .

Advantages of budgeting based on working hours
The main advantage of this way of budgeting is that we already have all the tasks organized , so keeping a work schedule should not present any major inconveniences.

We know that we spend 3 hours a day on that account, and that helps us plan the management of other accounts. In this way, we will be able to know for sure how many clients we will need to be able to earn the money we want to earn as our salary.

Obviously, for this it is necessary to make a list of the expenses that we have (rent + expenses + services + leisure + education + etc.), we can divide that number by the number of hours per working day per week. If the result of that sum gives me 1,000 USD, I divide it by the multiplication of 8 hours of work per day, 5 working days per week and 4 weeks, and it would be like this: