Anatomy of a mispriced project
Let me tell you about that time I worked 650 hours to earn $7500.
This was last year, so it’s not like it was a newbie mistake.
What happened?
- I took on a project without understanding the full scope
- I vastly underestimated how long various elements of the project would take
- I didn’t include my usual “unexpected problems” cushion to my quote – I wanted the project!
- I wasn’t vigilant enough about scope creep
- I let myself be pressured into saying yes by an upcoming deadline
How to Price Your Editorial Services Takes Thought
In fact, I think #5 was probably the biggest factor in this snarl. If I hadn’t felt rushed to make a decision, I could have asked more questions, calculated the time involved in producing the various elements of the project, and so on.
So, let this be a lesson to you (it certainly was to me!)
