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Project pricing used to be my biggest headache.
That was before I started tracking everything in Notion.
18 months ago, I started to track profit on each project and it's been incredibly helpful when pricing new work.
This gives me a birds-eye view of:
- My most profitable projects
- Projects I've lost money on
- Projects that didn’t take me long
- Projects that weren’t worth doing
It has taken a lot of the guesswork out of pricing.
Instead of relying on intuition, I can base my quotes on actual data from my own business.
(screenshot shows fake project names and data for obvious reasons)
@Kyle Craven Tracking everything is key 👌 With the projects that you've lost money on, what's been the most common underlying reason?
@Ashleigh Menzies subjective feedback during the design phase can often derail a project. I've since been able to mitigate that by getting everyone aligned at the start of the project.
@Kyle Craven Noted ✅
@Kyle Craven that’s a great method man! Happy for you!
@Kyle Craven This is great! Did you notice anything on your business with this that you are willing to change or update for any upcoming projects?
I am also curious of how you set this up 🫣, I would love to implement something similar.
@Kyle Craven Classic Apple needing 170% of the budget...
@Kyle Craven burn rates from time spent can really creep up on you - so this is major!!
The network for creativity
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Creatives on Contra have earned over $150M and we are just getting started
