Time is an important factor in how much money you make as a web designer. Your primary cost on any project is the time it takes you to complete that project. Learning to work more efficiently will save you time leading to more profitable projects. You can then take the time you saved to either have more free time or take on more projects to make more money.
Price = Rate x Time
Rate = Price / Time
Reduce your time while holding your price constant and your rate goes up. It’s in your best interest to work more efficiently and without too much effort you can get more done in less time.
A few weeks ago a client approached me about designing a new site. I asked the usual questions. What are the goals of the site? How many pages? What will those pages include? Who’s the market for the site? etc. As happens too often there were no answers forthcoming. How does one go about designing a site without any indication of what that site will be about or what it’s purpose will be?
Last week Boston University student, Joel Tenenbaum was ordered to pay a total of $675,000 to 4 record labels for illegally downloading and sharing 30 songs. Two years ago a similar case cost Jammie Thomas $222,000 over 24 songs. In April of this year 4 men were convicted by a Swedish court over copyright infringement due to their connection with The Pirate Bay file sharing site. They were also ordered to pay $36 million in damages to several entertainment companies.
Of course each will be replaced by new names in the coming years. The RIAA may have won some battles, but in the long war over DRM they will surely lose as there are laws that will always supersede the laws of the court, namely the laws of reality. DRM is failure.
I have a problem with too much money. I can’t reinvest it fast enough, and because I reinvest it, more money comes in. Yes, the rich do get richer.
ROI, return on investment. The concept is easy to understand. The first time you heard the term you likely nodded your head in agreement in that sort of way that shows you know how obvious ROI is. But how much have you really taken those three letters and made them part of your business? How much has the ROI mindset been ingrained in you to lead to success in both business and life?
By nature I’m a cautious person. I wasn’t raised to do the leap before you look thing and most of my decisions in life are measured responses to the information in front of me. In some ways that’s good as it mitigates risk.