Topic: Did I get too much or too little? (Page 1 of 1) |
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Nervous Wreck (II) Inmate From: Canada |
posted 03-27-2002 23:27
A company around me "hired" me to write up some software for them. We have had good relations in the past, (I had a highschool co-op there, worked there during the summer), and this winter they contacted me to write some software for them. |
Maniac (V) Lord Mad Scientist Sovereign of all the lands Ozone and just beyond that little green line over there... From: Stockholm, Sweden |
posted 03-28-2002 13:20
OK, let's look at it in terms of salary, assume you did stuff like this all the time, for a living. Now, if you could have done this in a month and a half, then this would earn you $1,333/month, or $16,000/year, or the equivalent of a full-time job paying just $7.70/hour. Now if you were a freelance consultant, you'd have other costs involved, your computers and equipment, taxes, (both as a company and as the person who gets the money), space for all this stuff, network connections, etc... By these calculations, you didn't make near enough money, you'd go broke pretty quick at this rate! The question is this: if you *did* do this as your full-time job, would it always take 1.5 months, or would you get faster and faster as time went on? To calculate your costs, and the value of your work, always try and evaluate it in terms of "what you get paid per hour", this will allow you to come up with a good "magic number" you'd like to earn. Then you can add in the % multipliers for all of your costs, and the next job you do you can just figure out how long it'd take you and give people a price based on that value, you'll now have a quote based on real numbers, and you'll feel more confident about asking for it. Welcome to the world of consulting! This is how it's done. |
Nervous Wreck (II) Inmate From: Canada |
posted 04-08-2002 22:06
Thanks for the advice, I'll keep that in mind if I end up doing more work like this. But for this paticular job, I was more then content to do it for $2,000, was more of a "for future jobs" reference. The company was my local schoolboard, and I have been doing work with them for awhile now, and I have wrote more complex software for them before at no-cost (but due to changes in the way their systems work, was quickly obsolited and not used for more then a month or two). |
Paranoid (IV) Mad Scientist From: Somewhere over the rainbow |
posted 04-09-2002 14:43
The poster has demanded we remove all his contributions, less he takes legal action. |