How to correctly estimate the cost of your work?

Question

Freelance

I have a problem, I can’t tell the amount to the customer/boss... All the time I have some kind of fear that I will name too much. Don't know how to evaluate? Tell me please.

Answer 1

The problem is that you can't justify the prices FOR YOURSELF. How to help make it happen
That's enough for a start. Most importantly, remember that you do not have to justify anything to anyone. If asked why, then answer that this is your COMFORTABLE rate at which you can work well, assuming that you are paid little. Refuse those who are not satisfied with this, because working with such customers is only a problem.
Bonus: rates expected by customers on dress by category($ $$ $$$) goo.gl/DGxDYf Taken from dress statistics itself

Answer 2

Also as an option. Come up with an amount of money per month for which you want to work.
Divide the amount by the number of working hours per month. Usually there are 40 working hours in a week.
Approximately 168 working hours per month. So you can calculate how much one working hour costs.
Estimate the work in hours and multiply by the rate. For small projects +20% It takes a lot of time to get the details right.
I can make a discount for interesting projects that can be put in the portfolio. For those who are not interested, I add the cost.

Answer 3

Estimate the labor costs in hours and multiply them by your hourly rate.

Answer 4

I would start from the minimum that will motivate you to work. Let's say 10 or 20 thousand rubles. If the customer wants the amount lower - shrug.
Further, only the experience of developing and monitoring your performance plays a decisive role. The more experience, the more accurate the assessment.
However, it should be borne in mind that the more hours you estimate to spend on execution, the greater the error will be. Especially in your case (and I had exactly the same fears to overestimate) it often turns out that you work at a loss due to unforeseen circumstances (minor improvements at the stage of delivery, clarification of TK in the process, etc.)
Therefore, I would recommend using empirically verified scale of multipliers.
Let's say you figured out that you should have time in a week. In fact, most likely you will not make it on time. And it really takes 2 weeks. And if it is estimated for a month, then all 3 can be real.
These multipliers should be taken into account when estimating the cost, of course.

Answer 5

I will reveal the secret. You can ask the customer/boss to evaluate your work on their own. At 70%, the estimate is higher than your own. What you have done is a normal, everyday thing for you. And for the customer - magic!
If the customer evaluates your "magic" inadequately low, then either it is not magic but tears, or the customer is not adequate. In both cases, it is necessary to stop working with such a customer.