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does this price sound ok?
hi - I have an enquiry for 2 days a week. I charge 3.50 an hr which is the average price in this area but many cms seem to do a day rate of 30.00 a day (some don't) but I have just stuck to the 3.50 an hour. The 30 a day is usually from 7:30 - 5:30. My enquiry is from 8:30 - 6:30. I would usually prefer to finish at 6 but have agreed to this as its only 2 days a week. I have quoted 35.00 a day based on my 3.50 an hr price. Do you think this sounds reasonable? With only just starting out I don't want to be over pricing myself but at the same time im not sure that there would be many cms in the area willing to work until 6:30 - what are your thoughts?
thanks
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It sounds reasonable to me - like you say, most cms would finish by 6pm, and their day rates may only apply for full timers? Thats how they usually work in my area.
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I think it more than reasonable.
Tbh, it doesn't matter what I think: it's what the client thinks that matters - and what you think, inasmuch that you don't want to end up having regrets if you start to think you've undersold* yourself.
*At least, no more than any sane person would for charging 1/2 the price of a 16yo evening babysitter and a 1/3 of a dog-walker. But that's normal for a trained, registered, regulated, insured, experienced CM taking absolute responsibility for the most precious thing in a parent's life.
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Sounds reasonable to me. I don't do daily rates and parents have never questioned it. If you think about you would be losing £10 per week by offering a daily rate - £480 over 48 weeks.
Also many minders are not willing to work after 6pm (only 2 out of 14 in this area).
Last edited by tulip0803; 11-05-2014 at 12:47 PM.
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I myself charge £30 per day but I finish at 6pm if I were to work till 6:30 I would charge £35 (£5 per hr unsociable hrs). So yes I think you are spot on in comparison to other minders in your area.
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Whatever you decide upon, it's still worth indicating your normal hourly rate on the invoice. It will make sure your rates are clear if the child ever draws 3-4yo funding in future.
There's already some evidence (and a current eg on a forum thread IIRC) of a parent trying to dictate what their CM can charge on the basis of:
(daily rate x 5 days) - (Anyshire's hourly funding rate x 15 hours) = £(not very much at all)
Even if the child is a long way from funding-age and you're not yet offering funded places, this is worth doing now, in case it becomes important in future,
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It sounds very reasonable to me
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