Advanced search ask you for help to work out my 'day rate'?

(8 Posts)
shepherdshigh Fri 26-May-17 14:23:56

I've just started working for myself as a freelance trainer within the social care sector.

I'm applying to do some work via a large training organisation (so as an associate) and they've asked me to identify what my daily rate should be.

I don't want to sell myself short; nor do I want to make a tit of myself by asking for a stupid amount of money.

When I'm working directly with the client, I charge c £800 for a day's bespoke group training / facilitation.

Via this organisation, I'd be delivering their standard content to their clients for them.

Any help please?

Etymology23 Fri 26-May-17 14:29:32

How much less work would there be for you in terms of organisation?

How much more work will going through this company generate for you?

eg if a days bespoke content takes you 8hrs of prep and 8hrs to deliver, but standard content will take 2 hrs prep and 8 to deliver you should presumably charge 5/8ths.

But if they're going to get you 3x as much work as you had had, maybe you give them a bulk discount and charge half?

Or if you want you say you charge 5/8ths but if you're engaged for x sessions in a set amount of time there's a y % discount on the lot.

shepherdshigh Fri 26-May-17 15:14:54

Thanks for your reply. I think the issue is that I don't know! It's a fairly impersonal application process but I could really (really really) do with getting some work through them!

You've given me some good tips for how to approach it, though, thanks!

SkyBluePinkToday Fri 26-May-17 15:28:16

Do you know anybody else who works for them like this who you could ask?

Whosthebestbabainalltheworld Fri 26-May-17 15:43:44

As an alternative, work out how much you typically earn in a year working your own way at £800/day. Is thst as much as you need, or domyou need more?

How many days would you likely work for the new company in the new scenario? Divide 1 (or 1 plus) above by the days you'll likely work and there you have it.

Also, do you know the "market rate"? No point pitching yourself way above this.

Allthebestnamesareused Fri 26-May-17 17:35:00

Is it some form of CPD type training? My DH delivers a course about 6 times a year (same course, power point presentation already completed). He gets £1,500 plus VAT per day to present it with travel/hotel expenses on top (capped at £200) per course. He delivers it for a large organisation that provides cpd training to a certain profession.

shepherdshigh Fri 26-May-17 23:29:49

Thanks allthebest, that's really helpful. It's similar to what your husband does, I think. But probably not exclusively for regulated professions.

I unfortunately don't know the market rate or how much work I'm likely to receive through the company yet, so can't really calibrate from that.

Thanks all for your help.

Etymology23 Sat 27-May-17 00:07:06

Can you google the market rate? Look at the company's accounts and see what their breakdown of costs is? (E.g paying you will be a cost of sale).

See what they'd charge a client and look at their Gross profit in their accounts to see what the variable cost % must be then use that to give a variable cost per day, and adjust for any other costs included in the price? Eg printing materials etc?

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