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Ethical Pricing: Calculating Your Burn Rate & Finding Your Day Rate

Jim True
June 23, 2017

Ethical Pricing: Calculating Your Burn Rate & Finding Your Day Rate

Pricing for any creative work (or any work for that matter) requires you to understand your costs first. So that's where we start: figuring out how much you need to survive (your burn rate) and scaling up from there to determine your ethical pricing day rate.

Jim True

June 23, 2017
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  1. Calculating Burn Rate ƞ Ƅ ƃ 1,000 200 200 100

    1,500 200 100 300 200 200 200 600 $2,400
  2. Calculate Days Like a Business 365 52 x 5 =

    260 - 26 (10%) = 234 Ƅ - 26 (10%) = 208 - 26 (10%) = 182
  3. Calculate a New Day Rate 182 Working Days $4,800 Monthly

    $57,600 Annually $57,600 / 182 = $316.48 Daily Rate
  4. You have to determine for yourself:
 What’s your Burn Rate?

    What’s your ethical markup? How many days do you want to work?
  5. Tampa Bay WordPress Meetups Monthly in St Pete @ Iron

    Yard
 1st & 2nd Thursdays every Month http://tampabaywp.org | @tampabaywp Slack Chat | Facebook Group | Meetup
  6. Thank you! Iron Yard St. Pete Working Women of Tampa

    Bay
 July 5th 9AM, Morning Coffee Iron Yard St. Pete | @theironyard #tampabay