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Old 08-30-2009, 02:31 PM   #1
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Default Lessons Learned

I've now done four complete sales pages as a professional copywriter. They're my first. I don't have numbers yet, because the launches are on the first of September.

But a lot of people are complaining about the $1,000 to $3,000 cost for a copywriter. They don't see why it costs so much. I do, so I'll explain it.

I've been a content writer for the past couple months. As a content writer, I can write about twenty 500 word articles a day. At five cents a word, that's $500. My actual workload is about half that, or $250 a day. It's not a bad living... not where I want to be, but it's not bad.

So because I expected a sales page to take about a day, I priced my copywriting services at $500 - the amount of work I'd be giving up to do the sales page. I knew people here were saying a good sales page took a week, but I didn't believe them.

Well, they were right. It takes about a day to understand your product, another day to design your approach on a high level, another one to come up with your headline (don't neglect this one!), and then one more to do your first polished draft. Then you get the edit round, which takes about another day - you'll spend about 80% of it explaining what you did and why you did it, then the other 20% changing things for the client's peace of mind.

So the accurate price for my services was actually five days of work. That's a real cost of $1,250 for the articles I'm actually not doing on those days, and an opportunity cost of $2,500 for the articles I could be doing on those days.

Which means that, yes, a copywriter should cost $1,000 to $3,000 for a sales letter. That's not some random amount pulled out of the air - it's a very real and accurate calculation of what the time and effort is worth.

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Old 08-30-2009, 04:01 PM   #2
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Default Re: Lessons Learned

First of all, I think it's cool that you've decided to make the jump into writing copy, Caliban.

You're a skilled writer and possess a wonderfully analytical mind.

AND... you like Morgan Private Stock. You're IN, bro.

Best,

Brian

P. S. Watch... the only thing anyone will want to talk about now is the booze... copywriters!

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Old 08-31-2009, 06:42 AM   #3
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Default Re: Lessons Learned

Quote:
Originally Posted by CDarklock View Post
I've now done four complete sales pages as a professional copywriter. They're my first. I don't have numbers yet, because the launches are on the first of September.

But a lot of people are complaining about the $1,000 to $3,000 cost for a copywriter. They don't see why it costs so much. I do, so I'll explain it.

I've been a content writer for the past couple months. As a content writer, I can write about twenty 500 word articles a day. At five cents a word, that's $500. My actual workload is about half that, or $250 a day. It's not a bad living... not where I want to be, but it's not bad.

So because I expected a sales page to take about a day, I priced my copywriting services at $500 - the amount of work I'd be giving up to do the sales page. I knew people here were saying a good sales page took a week, but I didn't believe them.

Well, they were right. It takes about a day to understand your product, another day to design your approach on a high level, another one to come up with your headline (don't neglect this one!), and then one more to do your first polished draft. Then you get the edit round, which takes about another day - you'll spend about 80% of it explaining what you did and why you did it, then the other 20% changing things for the client's peace of mind.

So the accurate price for my services was actually five days of work. That's a real cost of $1,250 for the articles I'm actually not doing on those days, and an opportunity cost of $2,500 for the articles I could be doing on those days.

Which means that, yes, a copywriter should cost $1,000 to $3,000 for a sales letter. That's not some random amount pulled out of the air - it's a very real and accurate calculation of what the time and effort is worth.
Once you have some actual conversion numbers, it should be a smooth transition from time-based pricing to value-based pricing.

Many clients are more than happy to pay for results.

If you don't feel comfortable moving from $500 to $5,000 (or higher) for a salesletter in one jump, raise your price gradually.

Alex
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Old 09-01-2009, 02:46 PM   #4
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Default Re: Lessons Learned

I think that copywriters deserve between 2000-3000 dollars. I agree with the other posts. If you more testimonials, yeah, increase your price. You deserve it. You are doing all the hard work. So give yourself a payraise.

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Old 09-01-2009, 06:34 PM   #5
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Default Re: Lessons Learned

Quote:
Originally Posted by CDarklock View Post
...I knew people here were saying a good sales page took a week, but I didn't believe them.

Well, they were right. ...the accurate price for my services was actually five days of work. That's a real cost of $1,250 ...and an opportunity cost of $2,500...

.

Bwahahahahah!

Welcome to the jungle!

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