What’s Your Margin Of Profit?

August 3, 2014 forum topics
That’s a question that will baffle most, send most Googling, and a few will answer with little thought….of course a lot of folks will avoid an honest answer with "it depends" diatribes.

What’s YOUR marigin of profit as a freelancer?

It’s a fairly simple to figure. You billed for $100,000, but you spent $50,000 on contract labor, amortized gear cost, mileage, travel, etc., so your margin of profit was 50%. I doubt anyones profit margin is that high, but it gives you the basic math for the formula. If you employ an accountant they will become aroused figuring the answer, and will probably provide it fairly quickly!!!