CREATIVE PROJECTPRICING CHECKLISTfor visual art & design projects

Creative Champs Resource Librarycreativechamps.co

Pricing is no easy feat. It can take a while to find yourbearings and a strategy that optimises your time,experience and value.

This can often lead to a lot of guess-work and randomnumber pulls - neglecting some of the all importantvariables in the process.

This checklist will run through the different factors you maywant to consider when setting rates for your creativeprojects and services.

INTRO

Creative Champs Resource Librarycreativechamps.co

Are there any physical tools and/or equipmentyou will need to complete this project?

Will you be required to repair or pay formaintenance of any equipment you already own?The cost of all of these things are worth thinkingabout.

PhysicalTools

If you are self-employed in the UK and work fromhome, you may be able to claim some costs backvia tax allowance. However, this amount may be meagre in relationto the amount you may be spending - even moreso if you work from a mixture of spaces andsettings.

Workspace &Studios

If you have to work from home and have no otherspace to work, consider throwing in a portion ofyour rent. If you work in a studio space away from home,how much is it costing you to rent?

Also consider any storage costs for projectmaterials you don't have the space for.

Workspace &Studios

Those trips between meetings, feedbacksessions, material sourcing etc can really mountup.

You may want to cut costs by hosting some ofthese virtually, but if it's unavoidable; you mayneed to factor this in.

If you avocado (sorry) if you have a car, keeptrack of your mileage for your paperwork filing atthe end of the tax year.

Transport

When does the client need the projectcompleted by?

If it's required in a shorter time span than yourprocess usually allows, the rate will need to bebumped up to reflect this.

That is if you decide to take it on, of course.

Timeline &Rush Fees

If the content is being created for commercialpurposes, the potential for the client to gainfinancially - should be something that's alsoconsidered when setting up rates for a project.

The potential value isn't something we can knowbefore it happens, but the fact you are providingtools to increase that potential - is enough of acontributing factor.

CommercialUse

How many tasks will you need to complete for thesuccessful completion of the project?Will there be elements of design? Strategy?Editing?

How many separate tasks will you need to followthrough with as part of the on-boarding and workprocess?

Assets &Deliverables

As your experience builds and as long as youcontinue to learn and develop your skills, it's onlynatural that your ability to produce qualitativeresults may increase.

Your rates will need to be representative of this;meaning that you may need to review your ratesperiodically to ensure you are keeping up withyourself and the value you provide.

PreviousExperience

The key with factoring time in to the pricing ofprojects (particularly commercial projects) is toincorporate time into the fee rather than pricingbased on time alone.

As we know, there are many other variables thatmay well be thrown into the mix, especially whencarrying out bulky project work.

Time (Hours,Days, Months)

When sending a quoted rate to clients, it's notentirely necessary to list and spell all of theseexpenses out.

Consider combining everything to create an overallproject rate.

However, additional fees you may want to tohighlight from the beginning. For example; extradeliverables, rush fees and other extra features andadd-ons.

Need some morehelp pricing yourprojects?If you're unsure how to piece all of these elementstogether to create solid pricing structures for yourprojects - the Creative Pricing Formulas for CreativeServices pack may be just the thing you need.

Click here to find out more about this pricing guide.