Author Topic: How much should I ask for a side-gig?  (Read 1537 times)

Linea_Norway

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How much should I ask for a side-gig?
« on: June 27, 2018, 06:45:14 AM »
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« Last Edit: November 13, 2019, 02:46:39 AM by Linea_Norway »

Papa bear

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Re: How much should I ask for a side-gig?
« Reply #1 on: June 27, 2018, 07:08:37 AM »
Looks like you have done some market research so far.  Call around for more of the similar service for research and make sure you are in the bell curve of pricing.


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mozar

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Re: How much should I ask for a side-gig?
« Reply #2 on: June 27, 2018, 10:56:22 AM »
Price it where it is worth while for you to do it.

Spruit

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Re: How much should I ask for a side-gig?
« Reply #3 on: June 28, 2018, 08:40:24 PM »
Some of the time you have to invest is due to the fact that this is the first time you give such a course, correct? You expect it to get more time efficiŽnt later on?
If so, I would base the rate you ask on amount of time you think it would cost you down the road, and not include the one-off time investment in your rate. If you want to do this in FIRE, the opportunity costs are not that relevant, I would say. You do this now not for the money (because then your regular job would be more efficient), but to try out for the long term, build contacts etc.

Car Jack

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Re: How much should I ask for a side-gig?
« Reply #4 on: June 29, 2018, 07:13:01 AM »
If there are other people offering this type of course, you'd want to price them.  If your price is in the ball park of the other people.....or less, then you're golden.  But if you end up asking for 20 times what other available courses cost, you're not going to get any jobs.  I know that to you, you'd want to get paid for that vacation day that you've burned, but that's not relevant to people buying your services.

Good luck.

AMandM

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Re: How much should I ask for a side-gig?
« Reply #5 on: June 30, 2018, 04:03:40 PM »
Another issue: do you want to price this first job low, so you will get to do it and thereby gain some publicity or reputation? I have heard of AirBnB landlords doing this--having the rent low for the first few customers, until they have some good reviews. Or do you want to price it at the level you expect to charge other customers (ones who aren't already someone you know and like) later on? If you take that approach, is there any chance your later customers will learn of the first customer's lower price and feel cheated?