How to Bid a Job
I will review bidding techniques for the first hour.
Finally we can discuss $$$. Many of us gain a sense of "personal satisfaction" and "creativity" by designing Web sites, but you have to pay the bills. Because this is such a new industry there are no firm standards for what to charge. This should change as the industry matures and the client becomes more educated regarding the Web. However for the client and for the web designer the question remains - what is the ROI (return on investment) for my web site? Very few companies can afford to have a web site which is beautiful but ineffective in either generating revenue, increasing productivity, or minimizing costs.
I will review 3 techniques which you may wish to choose from when bidding a job.
In all of the methods mentioned above you will need to determine what your hourly rate is. This can be done by following these steps.
|Hardware||$1,500 set aside for a new computer every 3 years|
Total Income 55.000
How many hours can you bill for each week (it will not be 40 hours per week because many hours will be spent dealing with clients in non billable interaction such as talking, pitching your services, dealing with bookkeeping, etc
Say 20 hours per week for 50 weeks= 1000 hours billed per year
divide 55,000 by 1,000 and you get 55 per hour which is high for a rookie.
You can reduce your rate and work more hours (but billable hours are hard to come by when you are new) of you can reduce your income goal.
I encourage you to read the articles I have included on bidding a job. Later on in the semester you will need to send the project manager a description of how many hours you have worked on the project and a projection for how many more hours you will need to complete the project. Also include the cost you feel your time is worth. This will be your "bid estimate".