Setting Prices When You Work At Home

Setting Prices When You Work At Home
When you choose to work at home, you will find there are
many capacities you have to take control of that you have
not previously had to do. For example, when you were a
simple employee for a company you did your job and you did
not worry about anyone else's or anything else. But, when
you choose to work for yourself and work at home all of
this will change. In fact, you may be a bit surprised at
how much work consumes you and how you are unable to
separate it easily from your home life. It takes time and
practice, but you will learn how to create a work at home
business that works for you. But, one thing you do not have
time to do is set prices for your services. This is
something you need to do up front and think a lot about.

It is not easy to set prices because you want to set a
price high enough to be paid well for your services, but
you do not want to set a price higher than most clients are
willing to pay. The easiest way to go about finding the
right price to charge for your services is to take stock of
all the services you offer. Then, check out other popular
companies offering the same services and see what they
charge. When you come up with an average price of other
companies then you can create a price of your own. If you
don't have overheard and other expenses like many of the
companies offering similar services have then you may
consider lowering your price just a bit. You will still be
able to make good money and you will also be able to
compete more with other companies because you have a lower
price. That is something you will want to consider.

Once you set a price you need to stick by it. Word of mouth
works over the Internet, too, and wherever you print or
publish a price others will find it and expect your
services for that price. It is okay to raise your prices
every year or so to keep up with changes in expenses and to
reflect your experience. However, be sure to change the
original price list you have printed on the web so everyone
will be aware of the price change.

Another tip for setting prices when you work at home is to
offer discounts. You may even consider building a discount
into the price. That is because people just feel good when
they are given a discount, even if it works out to the
original price. For example, if you want to make $10 an
hour and you want to give a 15% discount to your clients
then charge $11.75 per hour and give the discount. Then,
you will make your target hourly rate and you will make
clients feel good with a discount.

There are many things to keep in mind when setting a price
for your services. But, if you are happy with the price and
clients are happy with the price then you have found a good
price to start with!

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