Taking a cue from the Creative Review Blog I wanted to ask my readers as well: How do you decide what to charge?
Here’s an excellent Cost of Doing Business Calculator (here), where you input your desired salary, then add up all the business expenses that can’t be billed back to the client and it gives you a day rate based on how many days you expect to bill for the year. In cases where the fee is fixed and below your day rate–editorial comes to mind– you would simply make sure you could subtract something from the promotion or testing category to make it all balance out (or your salary if it has some perceived future benefit).
Back when I used to work for photographers and negotiate the shoot fees the goal was to make the client cringe and not hang up. It would have been much better to do a budget and make sure we were making what we needed to. There seems to be a sudden spate of high end photographers headed for bankruptcy (here), don’t be one of them.
“Speaking as someone who enthusiastically sold out, every time I’ve done something just for the money, no matter how much they paid, it was never enough.” — Pentagram’s Michael Bierut