funkybunker
Supreme Member
- May 14, 2013
- 1,264
- 1,812
Another year almost gone... are you here to make a living? Are you honestly reading this forum to dick around or are you out there making bank? Why are you reading "$5 per day" threads when this forum has gold tickets scattered around? I'll show you with short, simple math how "realistic" it is for you to demand and earn a comfortable living. Six figures ain't shit where I live.
If your service targets small/medium companies, $400>$1000 monthly fees are fair (depending)
If your service benefits the needs of Fortune 500 companies, shoot yourself if you're not charging $10,000 and up.
Step 1 = Yay for avoiding poverty!
If you're still spreading your IM wings, do a google search for your target market (ie; restaurants.) My city has nearly 2000!
Step 2 = Why the fuck is step 1 so short?
Calculate your service cost (your wage, possible outsourcing, software etc) and a fair price for your prospect. This is variable, but most restaurants can afford $450-$500 monthly on the LOWEST end of the scale. Again, this is assuming you're new and simply want to grab clients with little fuss.
Step 3 = OP is an asshole
If you keep all of your work in-house (keep all profits for yourself) here is your game plan.
20 Clients within 3 months = 7 clients a month. 2 successful contracts a week.
Charge a monthly fee of $450 per client.
Assume -$100 for various expenses. You pocket $350 per client.
$350 x 20 Clients = $7000 per month. $84,000 a year (pre-tax)
There you have it. You can realistically earn nearly (or exactly) six figures per year. People go to college to earn that money. And if your market has 2000 prospects... you only need to close 1% of them! That's a pathetic number! If you're going to aim low, stop shooting for $10 a day when you can make $350 a day (based on common work week schedule.)
If your service targets small/medium companies, $400>$1000 monthly fees are fair (depending)
If your service benefits the needs of Fortune 500 companies, shoot yourself if you're not charging $10,000 and up.
Step 1 = Yay for avoiding poverty!
If you're still spreading your IM wings, do a google search for your target market (ie; restaurants.) My city has nearly 2000!
Step 2 = Why the fuck is step 1 so short?
Calculate your service cost (your wage, possible outsourcing, software etc) and a fair price for your prospect. This is variable, but most restaurants can afford $450-$500 monthly on the LOWEST end of the scale. Again, this is assuming you're new and simply want to grab clients with little fuss.
Step 3 = OP is an asshole
If you keep all of your work in-house (keep all profits for yourself) here is your game plan.
20 Clients within 3 months = 7 clients a month. 2 successful contracts a week.
Charge a monthly fee of $450 per client.
Assume -$100 for various expenses. You pocket $350 per client.
$350 x 20 Clients = $7000 per month. $84,000 a year (pre-tax)
There you have it. You can realistically earn nearly (or exactly) six figures per year. People go to college to earn that money. And if your market has 2000 prospects... you only need to close 1% of them! That's a pathetic number! If you're going to aim low, stop shooting for $10 a day when you can make $350 a day (based on common work week schedule.)