My cousin and I are to make excel charts on about 1000 products w/ descriptions, etc. It's time-consuming stuff, but it's good side money (we're 'highshoolers'). My cousin thinks we should charge $800+, then split even. What do guys think?
How much should I charge?
- Thread starter RESmonkey
- Start date
Oh, forgot to add in. They're leaving it up to me. See, this guy seems loaded. He drives a Hummer, and this job is crucial to his sales, since the web designers know nothing about his products, and need the info. The guy is too busy.
So, no idea how much is his limit.
So, no idea how much is his limit.
charge by the hour (have him agree to the rate), be honest about the hours you put in come up with a little time sheet. And if you plan to pay taxes on this project be prepared to take it up the arse!
AgaBoogaBoo
Lifer
- Feb 16, 2003
- 26,108
- 5
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By law, he's required to give an estimate within 10% of the total price. While he should be truthful, it shouldn't matter to the person paying because it will be within 10% of the estimate. If this is under the table, rules don't apply obviously...
How would I do this? Estimate how long it will take and any methods by which you can speed up the project. Factor in opportunity cost - are you losing money anywhere by doing this? If not, even $1 is better than nothing because it doesn't cost you anything besides your time, and you were sitting idle anyway. (Yes, many counter arguments, but just speaking in terms of end money and this situation)
What do you have to do? Go to google and write descriptions for random products or do they already exist and you just have to type them and put them in a spreadsheet?
Why did this person approach you versus someone else? Just doing you a favor? Do you know them through some people? Give details, it makes a difference.
I would figure out an hourly pay times how many hours it would take, and then add some padding for corrections, driving there to go over it or whatever, etc. and come up with a single final price. I personally think working at an hourly wage is stupid, you can't write off expenses yourself and don't really have as much tax benefit possibilities, etc. and a horde of other reasons. I'm not against using an horuly wage to calculate a total price, but give the person a price for the whole project, not say that you want $10/hour and then writing on a piece of paper how long you spent.
It doesn't seem that difficult to do...you are entering data. I would not ask for too much cause he could find someone else who has 10 fingers that could do it just as good as you can.
AgaBoogaBoo
Lifer
- Feb 16, 2003
- 26,108
- 5
- 81
We don't know the background.
Tons of possibilities:
1) This guy doesn't know what he's doing and just wants it done, will pay whatever is asked.
2) This guy is doing them a favor and wants to pay them well
3) He will ask for a better price and/or why it's so high, in which case he'll say, ok, I think we could bring it down by $200 or something
4) He will say ok because he doesn't care
The list goes on.
Basically, the OP needs to give more information on the situation and what is exactly involved. Is the quality of the description an issue? Are they creating the descriptions or just typing them? He needs to tell us what they do from start to finish for each entry and who is hiring them.
He's a partner of our family business, but seeing as we're not part of it technically, he's just asked us to do it for w/e price we ask. I guess staying reasonable is key, it is what it is. There are parts where I'm supposed to re-word other descriptions from sites, and there are parts where I have to search and find descriptions myself, and there's a technical side, too. I have to find dimension sizes of every product, prices for those specific dimensions, and what not.
I guess $400 each would be good?
I guess $400 each would be good?
Without reading your actual post and only reading the title I'll have to say:
$5 for a hand job
$10 for oral
and...
$50 + for anything up the ass
$5 for a hand job
$10 for oral
and...
$50 + for anything up the ass
$400 for 500 product descriptions each?
Figure on average, it takes you 5 minutes (quite possibly a conservative estimate) to do each one based on the nature of the data retrieval. That's 2500 minutes. Or ~ 42hours. That's only ~$9.50/hour.
Figure on average, it takes you 5 minutes (quite possibly a conservative estimate) to do each one based on the nature of the data retrieval. That's 2500 minutes. Or ~ 42hours. That's only ~$9.50/hour.
Well, I'll figure out the timing tomorrow. I'm to do a few sample ones, and then he is supposed to correct/modify. If it takes 5 mins ea. (average) then I might make it $500ea.
AgaBoogaBoo
Lifer
- Feb 16, 2003
- 26,108
- 5
- 81
Because chances are, someone else will take the assignment for less than them at that point. Even at this price, it would be easy to find a bunch of people who are smart and would gladly do XXX entries for $100. At $800 for this project, it would be fairly easy to get the work done for $500-$600 and pocket $200-$300 on this. There are plenty of people out there who'd love $100 for a day's worth of work... grab a couple of them and you'll make easy money
He wants most of it in excel. But the description is separate, and so I dunno. I'm sending him 2 examples, it's up to him which type to choose.
This takes much more than 5 mins. It takes 5 mins to FIND a similar product...more to find measurements..etc.etc....
This takes much more than 5 mins. It takes 5 mins to FIND a similar product...more to find measurements..etc.etc....
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