Sunday, 22 April 2018

Understanding Costs for Individuals and Makers

My latest column about working as a technical or engineering contractor (or freelancer) is called Lowering Your Cost Without Dropping Your Price and is part of a series called Life on Contract.

I could probably have titled it HOW A KICKSTARTER RUNS OUT OF MONEY AND LEAVES THE CREATOR A BURNED OUT HUSK and that would have been a pretty good summary of the content!

While the article mainly describes a way to lower costs without making things "cheaper" in quality, the article is also useful as a way to understand costs better.

People who are getting into making things or services -- either in business for themselves or for launching a crowdsourcing campaign -- will benefit from understanding how much something really costs in the end, and there's much more to it than the Bill of Materials.