Tuesday, August 3, 2010

How much does it cost to run a Graphic Design business/ How much do I charge my clients? -

Yearly. No employees, just me. The office I have my eye on is $675/ mo, and outside of utilities and phone service, I have no idea what startup is, much less yearly overhead. I d like to make around 25,000-37,000 a year, as a general salary. My services will be brochure, business card, postcard and flyer design. And I don t know what anything else will cost, so please don t send me to websites with tables and graphs. I need a quote. I m still a student, so please consider this when you answer. I plan to charge on a project-by-project basis.

As a startup business in Graphic Design services, you can charge $35.00 - 45.00 per hour, if you re in Canada, after you ve been in business for 2 years or so, you could charge $50 -60. Be sure to put together a portfolio of your work to show potential clients, as you are so new in the field. Let your work speak for itself. You might need to stock different paper stocks by colour and wieght for proofs in hard copy. It depends on what the job is. I assume you already have the software you require. My recommendation would be about $5,000 to get you started. $2000 of that for supplies, depending how much stock (inventory) you will carry onsite, and the variety you need. You need to find wholesalers for your stock and supplies - don t buy retail. The remaining $3000 for 3 months of phone rent and power expense. I d recommend 6 months, but I don t know if your funds are up to that. To make that kind of money your wanting you would have to build up your client base for a couple of years and remember, referrals and repeat business is what carries your bottom line. Bone up on customer service skills. Keep it simple over all.

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