Creating WordPress sites can be an excellent small business, but before you start your WordPress business, you must consider all of the costs involved. Make sure to plan for times when business is busy and slow. As with any small business, it's important to keep accurate records of expenses and make sure to have a bank account for your WordPress business that is separate from your personal bank account. If you pay attention to these details your business could do very well.
- Always factor in taxes when estimating what your total compensation target will be.
- Business costs should always be accounted for and you should estimate an additional 10% on top of what you come up with for any hidden costs that pop up.
- For end of year tax purposes keep all your receipts and track expenses for financial records.
“My rule of thumb for client work is that if all potential clients accept my rates, then I’m charging too low. If I get knocked back by 10% to 20% of them for being too expensive, I’m probably pitching it about right.”
(abstract 3LXX8KJXPW9IX0VHCZ0BLPX92AU9OY 30OG32W0SUBJXVKG9YLMNYT1QMLNE2 A20KOJ6AMR5EG6)(authorquote 3AQN9REUTFG6U4C0U2EB9CE1759DYV 3D4CH1LGEATWS7CDEJS550JTYEQ9GF AYRJS25P2DQM)(keypoints 30Z7M1Q8UYKTHRI6XOPFKYITTN9A8C 3ZSY5X72NXBQOKPXWJ5Z1USPVMPRO9 A32Q9JS9UEI75E)