[How to & Template] Cost estimate for freelancers & small entrepreneurs - V.for services
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StepActionRecommendationLogical process - answer this question
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1Set your activitiesBe very specific and split your activities, skills and what you offer, in order to have a clear track of what you sell and what is most profitableWhich of the skills you have could bring you the most income?
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2Negociate with your clientBe as clear and as detailed as possible. This way you'll make sure that you will do only what you are paid for and you'll make sure the expectations are clearly set on both sides.How do you handle extra requests which are not in the contract?
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3Establish your hourly feeSplit your services as granularly as possible and have different fees per hour, based on how you want your time to be split.What kind of work do you want to do for the most part of your time?
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4Create the cost estimateBe as detailed as possible. Talk with the client beforehand, use the email to have the specs and requests in writing. Never take a brief verbaly. If you feel like you have some things that are not clear yet, send the client a writen brief asking more questions. How do you handle specific projects and new projects?
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5Use one excel only / multiple spreadsheetsGive serial numbers to cost estimates. Duplicate the sheet and work on a new one. This way you will be able to see what are the estimates that are approved and what are the ones that are declined. How do you keep track of the financial side of your work?
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6Change spreadsheet colorChange the color of the spreadsheet to RED (if declined) or to GREEN (if approved)
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7Continue your checklist with specific actions
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Checklist
Setup your hourly price
Billing
01. Cost Estimate Template
 
 
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