Mark Up Question
To figure how much I charge customers hourly, I take the total overhead for the month and the Total Amount of Hours Out, and take the percentage?
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dAf8CMXpGr3QjyacfA8pyY
10/29/09 7:09pm PDT
Viewed by asker 11/18/09 5:49pm PST
Viewed by asker 11/18/09 5:49pm PST
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10/29/09 10:19pm PDT
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The solution
I've heard it put this way: Figure out how many hours you want to work in a year, figure out how much you want to earn plus how much it will cost you to be in business. Add up the dollars and divide by the hours.
Really, there are so many ways to develop your markup. Mostly, it's what you know is standard for your industry and your region, knowing this is a range, anyway, so then you figure out what the market will bear for whatever it is you are doing.
There are a lot of regional statistics on the web.
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