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Need Budget Calculator

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Community Guru
Christine A Member Since: May 4, 2016
11 of 15

Jennifer M wrote:

lol I love dunking on developers.

 

OP, like for real we know you think this is a brilliant idea, but you should stick to specifications and not think too much. All you gotta do is multiply what you're charging times .8 if it's under $500. If it's over $500 just multiply by .9 and then subtract 50. 


LOL, my calculation was totally wrong, then - I never quote fixed price projects in terms of "and now I must deduct Upwork's percentage". It's always, "this is how much money I think that I should make, and now I'll add some extra to cover revisions or in case my estimate is a bit off, and then I'll add 20% for Upwork." If Upwork could build a calculator to tell us how easily pleased a client might be and then make fee adjustments for that, now THAT would be a calculator worth having.

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Community Guru
Jennifer M Member Since: May 17, 2015
12 of 15

Christine A wrote:

Jennifer M wrote:

lol I love dunking on developers.

 

OP, like for real we know you think this is a brilliant idea, but you should stick to specifications and not think too much. All you gotta do is multiply what you're charging times .8 if it's under $500. If it's over $500 just multiply by .9 and then subtract 50. 


LOL, my calculation was totally wrong, then - I never quote fixed price projects in terms of "and now I must deduct Upwork's percentage". It's always, "this is how much money I think that I should make, and now I'll add some extra to cover revisions or in case my estimate is a bit off, and then I'll add 20% for Upwork." If Upwork could build a calculator to tell us how easily pleased a client might be and then make fee adjustments for that, now THAT would be a calculator worth having.


well, his calculator is confusing anyway. It has "what client sees" and ummm the client sees the cost you give them. I think he's going for "what I make" and he just needs to subtract 10% and an extra 50 if it's over 500.00.

 

What I do at the end of the week to figure out how much I will see from upwork is add up all the new contracts, mutliply the total by .9 and then subtract an extra 50 for every new contract over $500. Some of them are at the 5%, but I just tell myself it's surprise money when that happens. lol

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Community Guru
Christine A Member Since: May 4, 2016
13 of 15

Jennifer M wrote:


What I do at the end of the week to figure out how much I will see from upwork is add up all the new contracts, mutliply the total by .9 and then subtract an extra 50 for every new contract over $500. Some of them are at the 5%, but I just tell myself it's surprise money when that happens. lol


I have only a vague idea of how much I'm making from Upwork until it ends up in my bank account (having to factor in the exchange rate makes my brain hurt), so it's always surprise money. :-)

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Community Guru
Jennifer M Member Since: May 17, 2015
14 of 15

Christine A wrote:

Jennifer M wrote:


What I do at the end of the week to figure out how much I will see from upwork is add up all the new contracts, mutliply the total by .9 and then subtract an extra 50 for every new contract over $500. Some of them are at the 5%, but I just tell myself it's surprise money when that happens. lol


I have only a vague idea of how much I'm making from Upwork until it ends up in my bank account (having to factor in the exchange rate makes my brain hurt), so it's always surprise money. :-)


After I experienced a bug where Upwork gave a double refund to someone, I'm all about keeping track. Normally, I would just wait for it to get here too.

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Community Guru
Martina P Member Since: Jul 11, 2018
15 of 15

Naheed M wrote:

Hi Nileksh D,

The brief summary of your statement tells that you are in need of a calculator on Upwork platform. It's not a big issue.  The calculation can be done from the calculator of any source, no matter where it is. However, Upwork has noticed your demand and may fulfil it in upcoming time. Moreover, If your buyer asks to turn from the hourly rate to fixed, keep in view how many hours you will take to complete the whole task, multiply total hours with the estimated hourly rate. Add the Upwork commission and your reasonable profit and professionally do settlement with your client. 

Thanks

Naheedmir


If there was a prize for stating the obvious....

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