Do you have any advice for how to calculate prices for creative products or services?

There are two main approaches to pricing your work: a bottom-up approach and a top-down approach.

The Bottom-Up Approach

The bottom up approach creates a pricing formula based on the time, skill, and materials you put into a piece.  It is usually the best approach for freelancers or other creative service providers.  It looks like this:

Price  = Freelance rate x Hours + Materials

Step 1: Calculate your freelance rate

Visit Freelance Switch to calculate what you need to charge in order to live comfortably based on your business … Read more »

As I transition (hopefully) from managing toy lines to doing more freelance design, I thought it would be good to calculate what my base hourly rate should be.  Once I’ve finished prepping all of my financials for tax time I should have a much more accurate idea of this, but in the meantime I was able to get a decent estimate from the FreelanceSwitch hourly rate calculator.

It only takes three minutes or so fill out, but it’s good to have a calculator handy, because most of the numbers they ask for are annual.  … Read more »