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Designing Entrepreneurship UCLA DMA 160 STU 2 MW 9-12

Monday, July 16, 2012

what we will cover:

Pricing / Invoices Proposals Resumes Client Relations

Monday, July 16, 2012

what we will cover:

Pricing / Invoices Proposals Resumes Client Relations

Monday, July 16, 2012

Prep for Wednesday

How to get paid?

Monday, July 16, 2012

Prep for Wednesday

How to get paid?


Know your rate

Monday, July 16, 2012

Prep for Wednesday

How to get paid?


Know your rate Deliver an Invoice

Monday, July 16, 2012

Prep for Wednesday

Day Rate Hourly Rate Project Rate

Monday, July 16, 2012

Prep for Wednesday

Day Rate Hourly Rate Project Rate

Monday, July 16, 2012

Day Rate

The amount of money you are worth, per day. A day in this instance can be 8 hours, but is often much more than that. These kinds of projects will likely last 1-5 days, but can often go as long as a month.

Monday, July 16, 2012

Day Rate

$500

Monday, July 16, 2012

Day Rate

$500 / 8 hours

Monday, July 16, 2012

Day Rate

$500 / 8 hours = $62.50 / hour

Monday, July 16, 2012

Prep for Wednesday

Day Rate Hourly Rate Project Rate

Monday, July 16, 2012

Hourly Rate

The amount of money you are worth, per hour. These kinds of projects will likely last half a day, but can sometimes extend to a full days work.

Monday, July 16, 2012

Hourly Rate

$500 / 8 hours = $62.50 / hour

Day Rate

= Hourly Rate

Monday, July 16, 2012

Hourly Rate

$500 / 8 hours = $62.50 / hour

Day Rate

= Hourly Rate

Monday, July 16, 2012

Hourly Rate

Why? Overall project time. When someone is booking you for the entire day, your hourly rate decreases slightly because they are guaranteeing a higher volume of work for you.

Monday, July 16, 2012

Hourly Rate

When someone is hiring you at an hourly rate, you can assume the project will be quick. In order to compensate, you want to increase your overall rate.

Monday, July 16, 2012

Day Rate

Hourly Rate

$500

$62.50 +25%

Monday, July 16, 2012

Day Rate

Hourly Rate

$500

$62.50 +25% ~ $80.00 / hour

Monday, July 16, 2012

Prep for Wednesday

Day Rate Hourly Rate Project Rate

Monday, July 16, 2012

Project Rate

The amount of money you are worth this particular project.

Monday, July 16, 2012

Project Rate

How to determine? Gather everything you can about the project and what it will entail. How much time (roughly) will this take you? Will you need to hire any help to get the project done? If so, how much will that cost you?

Monday, July 16, 2012

Project Rate

Website. Hours = 10 @ 80/hr Overhead = $500 = $1,300

Monday, July 16, 2012

Project Rate

Website. Hours = 10 @ 80/hr Overhead = $500 = $1,300

Monday, July 16, 2012

Project Rate

Website. Hours = 10 @ 80/hr x 2 Overhead = $500 x 2 = $2,600

Monday, July 16, 2012

Project Rate

Why multiply? Safety net. What if there are a million changes? What if your subcontractor ditches you and you need to nd another person? There are a lot of things that can go wrong. Dont get screwed and lose money. Overcompensate.

Monday, July 16, 2012

What is my rate?

Student: $15-20 / hour Fresh out of school: $20 25 / hour Mid-level: $30-50 / hour Senior: $60 80 / hour Celebrity: $100 + / hour

Monday, July 16, 2012

what we will cover:

Pricing / Invoices Proposals Resumes Client Relations

Monday, July 16, 2012

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