How Much Should I Charge for Writing a Project Plan?

Consider your yearly expenses to calculate a reasonable hourly earnings minimum.

Make it Worth Your Time

Determine your ideal hourly rate by estimating the number of hours a year you would be able to work, which would generally be between 1,000 and 1,500. Then divide your desired salary by the number. This is the hourly rate you should charge for your writing.

Be Realistic and Competitive

Someone new at writing project plans generally cannot command the same rate as an experienced professional. While you are just starting out, accepting lower pay for projects may gain you the credits you need to expand your writing opportunities. If you have extensive experience, a higher rate would be acceptable.

Bottom Line

According to Lynn Wasnak, book proposal writers command an average of $57 per hour or $792 per project, while business plan writers charge an average of $88 per hour or $6,000 per project. The amount you charge should reflect the type of the plan, your experience as a writer and how much you wish to earn.

References

• The Write Direction: Putting a Price on Your Capabilities: Setting Your Fees as a Freelance Copywriter
• "2008 Writer's Market"; Lynn Wasnak; 2007
• Randall Rensch Marketing Communication Concepts