What is the rule of three?
Well if you’re ever asking yourself what should I charge for my time? Figure out what you’d like to earn then multiple it by three.
Why? Well it is all too easy to under price yourself (way too easy). We often forget the initial meeting we had, the two hours putting together a proposal, the time cost of getting to and from meetings, not to even mention fuel costs, calling, hardware and our own intellectual property.
This rule helps you avoid falling into the trap of being too cheap, over time you will get a feel of your market rate but use this as a baseline to start from.