The Money Question(s)

Description

$100 (Members: $90) | How to Set Fees | 4 lessons | Self-paced | Beginning, Intermediate, and Advanced

One of the most common questions newer freelancer editors ask is, “How much should I charge?”

But this is not the question you should be asking. Where you really need to begin is “How much do I want/need to earn?”

This class covers how to calculate that number. It also tackles:

• Understanding billable hours
• Tracking time
• Calculating the cost of benefits
• Figuring tax burden
• Defining deliverables
• Creating project quotes

Plus, the class digs into how to raise your rates once you’ve been in business for a while, including ways to increase your billable hours, reduce your business expenses, find higher-paying clients, and offer higher-paying services.

It also dives into questions of how to:

• manage deposits and bookings
• invoice and collect your fees (including a discussion of payment processing apps)
• track your income and expenses
• use financial record-keeping to understand the financial health of your business
• make estimated tax payments
• and more

But questions about money aren’t just about adding and subtracting numbers. They’re also about the emotional component: what messages you’ve absorbed about money and why you’re freelancing in the first place. The final lesson explores the emotional side of setting fees to help you make the best financial decisions for your business.

The class is entirely online and asynchronous (you don’t have to be in any particular place at any particular time to participate).