I got an email from a commercial writer recently voicing a common concern:
The one sticking point I keep running into is not knowing how many hours a project will take me to complete (and the obvious quoting struggle related to that). Do you know any resources where I can find that information? By trolling other writer’s sites, I can sometimes assume an average if they list their hourly fee along with project fees, but it’s not always consistent from writer to writer.
Project estimating. A common dilemma, no doubt. And a serviceable analogy is learning a sport like tennis. If you ever started taking tennis lessons when you knew very little about it to begin with, there seemed to be all these things you had to remember: foot placement, keeping your racket level, stepping into each shot, keeping your eye on the ball, following through completely, and about 10 more.
To a beginner, it all seemed overwhelming. How in the world am I supposed to remember all this, much less do them all well? But, if you stuck to it, it all became second nature, automatic.
Same thing here. You’re new at commercial writing. How can you expect to be an expert at it right out of the gate? It’s like a tennis novice wanting to know the “secret” to being to do all those things perfectly the first time he sets foot on the court. Just not realistic.
I DO touch on some nuts-n-bolts about this in The Well-Fed Writer (p. 173). Here’s the Cliff Notes version (and DO check out the passage for a more detailed version):
Break a job down into its component parts: research, background reading, travel, meetings, brainstorming (a.k.a. “concepting”), interviewing, writing, and editing (you won’t have all these in every job). Then assign a time figure (i.e., X hours) to each category. Then multiply the total number of hours calculated by your hourly rate to get a flat fee estimate (which can be a range that varies by 10 to 15 percent—e.g., $1,500–$1,700, $3,600–$4,100, etc.).
(NOTE: What should your hourly rate be? Arrive at that number based on your experience level, and by asking fellow writers in your market what they charge. Or by calling ad agencies and design firms, which routinely hire copywriters, and as such, will have a very current idea of what writers in their market charge. And while you’ve got these folks on the phone, ask what they look for in a writer they pay X$ an hour.)
Don’t know how much will be involved in each component part? ASK the client. You can’t know how many meetings until you ask (OR until you make your preference known for, ideally, one, which is all you should need). You can’t know how you’ll be gathering your source material until you ask. You can’t know if there will be any interviews, background reading, or research until you ask. No one expects you to be clairvoyant.
Furthermore, no two brochures, direct mail campaigns, newsletters, case studies or web sites (or any other project) are the same. Take a marketing brochure. How many pages? What format? How will you get your source material? Every one is different. And questions are the only way to get accurate parameters.
Bottom line, learning accurate estimating is a function of both asking questions and gaining experience. Questions will only take you so far. Sure, you can break down a project into its component parts, and figure out exactly what will be involved, but assigning an amount of time to those individual components takes practice.
Just know you’ll probably get it wrong in the beginning—shooting too high or low, and hence, losing a bid, or eating hours on a project you do land. But, in time, with more and more projects under your belt, you’ll get good at it.
And a note about posting rates or a price list on one’s site. Neither ever struck me as a particularly good idea (but that’s just me). Posting an hourly rate—especially if it’s reasonably high—can scare off clients, who don’t have a sense of how many hours a given project will take, and may imagine the worst-case scenario.
Sure, you want to run off the wrong kinds of clients (the ones who want that brochure for $150), but listing your hourly rates can give pause to legitimate prospects as well. And here’s the clincher: good clients don’t expect to see rates posted.
Ditto for price lists. The kinds of clients we want to work with know that every project is different so posting a list of prices for different project types isn’t necessary. And as I note in TWFW, because you know that every project is different, you’d have to provide such a wide range of prices (e.g., “Marketing brochures: $500-$2500”) as to render that list pretty meaningless. I suggest skipping it.
What estimating advice/tips can you offer to those starting out?
What’s the process you follow to accurately quote a project?
Are questions as crucial in your estimating process as they are in mine?
Do you include a price list or hourly rate on your site? If not, is your thinking similar to mine? If you do, how has it worked out?
Want to be a guest blogger on TWFW Blog? I welcome your contribution to the Well-Fed writing community! Check out the guidelines here.