Struggling to put a price on your time? Jess and Sarina (an economist and former trader on Wall Street) help your find that elusive number.
A listener asked Jess for advice on consulting fees, so in order to find an answer more satisfying than, “It depends,” Jess and Sarina get down to economic brass tacks. Sarina explains how publishers or anyone else who wants to hire you for your writing value your time, and how you can propose a figure that takes everything from opportunity costs to fungibles into account. In an attempt to make pricing your time less complicated and emotionally fraught, Jess offers a simple formula to nail down a number that represents your hourly worth.
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Transcript (We use an AI service for transcription, and while we do clean it up a bit, some errors are the price of admission here. Find it at amwritingpodcast.com.)