I like to organize and my friends know it. I've helped out quite a few of them in the past getting their homes, work places, and even classrooms, organized. Well this week, for the first time ever, a friend referred me to someone she knows who is "feeling overwhelmed and wants help getting organized". I know I can help this person but what I don't know is how much I should charge.
There are two ways I can approach this:
- Charge by the project
- Charge by the hour
At this stage, I don't really know how long a particular project will take. I've never timed myself before and I don't want to quote something that will be way off. I really value my time and I don't want to end up under-estimating and be stuck with a project that will suck hours of my time without adequate compensation. Having said that however, I think once I have a sense of the time required to complete certain projects, this is a better way to go. It gives a nice wrapped up pricing package to the client and there are no surprises.
Charge by the Hour
It looks like this is what I will be going to start with. There are a couple of things to take into consideration here. How much value am I providing to the client (how much my services are actually worth) and how much I value my own time (how much will I trade my time for).
I do value my time a lot and I much prefer to set up streams of passive income where I don't actually have to trade my time for money after the initial set-up is done. If this is all I was going by, then I would charge quite a lot. At one point I had a consulting gig where my client paid me $125/hour.. and that was nice.
Now, how much value am I providing this client? As I said, I'm good at organizing, and I'm also actually pretty good at the psychological game of helping someone through a process like that. But, I am just starting out so I know there will be glitches. I also spent a little bit of time with this client today and I know that he's got good ideas and doesn't really need my "expertise" to help him come up with strategies and systems, he really just needs someone to be there while he does it.
So, what are the various price ranges I could consider? Here are the price points for contract work that I am familiar with in my world, from highest to lowest:
$125/hr Paid to me for my consulting services by a very well-off family.
$75/hr Rate for local professional organizer
$20/hr What I pay friends who I hire for handyman type work
I'm thinking It'll have to be somewhere between $20 and $60. Let's figure out what I feel about these numbers...
- I'm not giving up an hour of my life for just $20 or $25.
- $50 seems too much for just "being there"
- $30 or $40?
Will update after this gig is over with thoughts about a future pricing plan.