Next, you need to estimate the cost of your solution. In other words, how much you are going to charge the client. All the details you have gathered so far should help you calculate an accurate estimate.
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If you offer services, you can use the following tips to help you do this:
Use your past experience. If you’ve done similar work before, use that experience to determine how long it will take and how much you need to charge to make a profit. You can also look at data collected through time tracking and invoicing tools.
If you're new to this type of project, make a list of all the tasks you need to complete. Then figure out how long it will take and how much you should charge (whether hourly or a flat rate).
Include tasks that are not directly related to the project, such as time spent consulting with the client, editing/revisions, etc.
Add on time in case of a breakdown or unexpected delay. While this will increase the estimate of your offer, it is better to overestimate it. That way, when it comes time to pay the bill, you can deduct the extra time that was not used instead of increasing the price - many clients will not like this.
Once you have your estimate, it is time to start attracting clients with your proposal. Next, let's look at what you should include in your proposal.
