Young Entrepreneur Forums  
en•tre•pre•neur –noun Entrepreneur, translated from its French roots, means "one who undertakes." The term Entrepreneur is used to refer to anyone who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.
Find Qualified Vendors
 Welcome to the Young Entrepreneur Forums   
NBTL NBTR

Find Business Partners Get Involved in Startups Commercial Real Estate Startup Jobs Find Business Opportunities


Young Entrepreneur Forums » Business Start up phase » Startups » Starting a marketing firm, how much should I charge?



Reply
 
LinkBack Thread Tools Rate Thread Display Modes
Old 06-09-2009, 08:38 PM   #1 (permalink)
Junior Member
Activity Longevity
0/20 2/20
Today Posts
0/0 ssssssss2
Starting a marketing firm, how much should I charge?

Hi everyone I'm currently in the start-up stage of creating a business with some friends, we are all currently in college and I'm working on the business plan but I have no idea how much I should charge for our services. Our target market is small businesses and I don't want to charge too much to too little for our services because if we charge too much businesses can't afford it and if we charge too little they'll think it's a crap job. So what should I charge working as a student marketing firm?
minuteman1 is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Sponsored Links
Old 06-09-2009, 09:39 PM   #2 (permalink)
Junior Member
SOCMiles's Avatar
Activity Longevity
0/20 3/20
Today Posts
0/0 sssssss42
Location: Albuquerque
How much is your time worth? After all... It is YOUR life energy you are trading for $.
SOCMiles is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 06-10-2009, 05:58 PM   #3 (permalink)
Junior Member
Activity Longevity
0/20 2/20
Today Posts
0/0 sssssss20
Location: Mid-America
Like anything else, it depends on your market and your product. I charge $85 an hour but I have lots of experience. Most marketing firms in my area charge $100 - $150.

You need to look around and find out what your competition is charging. Then, you need to lower it based on not having much real-world experience yet. Once you've gotten some paying work that you can show to prospects, you can start edging your rates up.

Smart Marketing On Any Budget: Smart Marketing :: Money-wise tips for promoting your business - All blog entries
BBlackwood is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Old 06-10-2009, 10:49 PM   #4 (permalink)
Member
Neustance's Avatar
Activity Longevity
0/20 2/20
Today Posts
0/0 sssssss55
Location: San Juan, PR
Send a message via Skype™ to Neustance
What marketing segment are you interested in going for? What type of services?

I'm in out-of-home advertising, apart from the research and consultancy all is based on CPM impressions.

Francisco
Neustance is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Reply


Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Navigation
Register! - Join Now - It's Free
Registration at YoungEntrepreneur.com is completely free and takes only a few seconds. By registering you'll gain:

- Full Posting Privileges.
- Access to Private Messaging.
- Optional Email Notification.
- Ability to Fully Participate.

To Register now click here
Quick Register - It's Free
User Name:
Password:
Confirm Password:
Email:
Confirm Email:
Birthday:  
Check to Agree with the forum rules. 
Follow me on Twitter!


Forum Sponsors


Click here to inquire about advertising
SEO by vBSEO 3.2.0
Powered by vBulletin® Copyright ©2000 - 2009, Jelsoft Enterprises Ltd.
Copyright 2007 YoungEntrepreneur.com Inc. / YoungEntrepreneur.com : Entrepreneur Marketing Forum