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There are two types of per hour rates you can set for your agency: This describes the practice of charging one single rate for all staff members in the firm (i. e. $500 per day). To identify your company's combined rate, you usually take the typical per hour rate of all your workers and the anticipated hours of each for the project.

Obviously, each rate will differ based upon the seniority of each staff member and the variety of hours they're expected to work on the project. Even if you're charging customers by the hour it's common that you offer customers a quote of how many overall hours the task should take.

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Either they won't want to pay you for all the hours you worked, or they won't desire to deal with you again. Likewise, remember that there will be other hours that you'll require to put in that aren't considered billable hours, for example for administrative work and business advancement.

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Here's what Brian Robben, the CEO of Robben Media, had to say about per hour pricing: Hourly is the simplest contract to sign, takes the least marketing ability, and the work stops immediately when you're off the clock. It's far less stressful. And you're held less responsible for results. However, you're often completing versus freelancers, some who are overseas, and some are desperate for any work.

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To sum up, charging customers by the hour is the simplest, and a lot of straightforward rates design for agencies.  Need More Info?  can be an excellent design if you're just getting started, although since your time is straight tied to earning possible, it can also be rather hard to scale. Project-Based Prices, Another common kind of pricing model for companies is charging a fixed amount for each job.

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For example, if your services have really clear deliverables such as content marketing or site advancement project-based pricing can make a lot of sense. In order to set a project-based fee, firms will usually estimate the overall labor hours and any associated expenses, plus include an earnings margin that accounts for any unexpected developments that might develop.