How do you calculate what it costs you to deliver a single service so you can price your services in a way that satisfies your desired revenue?
Does what you're charging reflect your cost of labor, your expertise, and how much you want to make?
When setting prices for your services, there are several variables that need to be taken into consideration.
Determining your prices based on what you think you are worth, or what someone on social media says isn’t the right strategy to use when pricing your services.
When you ask someone what they charge, you don’t know what goes into their pricing factors.
You could be in a different location or another state where the cost of living is different. Therefore, what they charge may not necessarily be what you need to charge to ensure that you are breaking even and making a profit.
This calculator will help set your prices based on the data you need to determine how much you should charge for each service.
The calculator uses an hourly approach to help you set the total price for a specific service.
Click the link below to watch a demo on how to use the spreadsheet to calculate your service cost.
CLICK HERE FOR DEMO
