Pricing Calculator for Musicians Selling Services

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Set a profitable rate for your work as a classical musician with a pricing calculator that does the math for you.

As a working musician, you’ve probably asked yourself: What is my time worth? How much should I charge for a 30-minute lesson or a 2-hour gig? What about a 5-minute composition or a 45-minute consulting session? Is there a formula for that?! (Yes, yes there is.)

Knowing what to charge for gigs and services as a classical musician shouldn't be a guessing game. Instead, it's a numbers game. Get the pricing calculator designed specifically for service-based musicians (built-in formulas and all).

You will get the following files:

PDF (1MB)
MP4 (239MB)

Without knowing the numbers involved, pricing is usually arbitrary and subjective—what we feel is fair or reasonable for people to pay.

There are two problems with this:

We usually underestimate the time and resources involved in performing the service
We don't account for overhead expenses, taxes, and other components of running a business that need to be built into the price

When you know how much things cost, how much time you’re investing, and the other components that need to be built in, you can set a price for your services that's fair to the market and profitable for you. This takes emotion out of the equation, which helps you communicate your price with confidence.

Enter the Pricing Calculator for Service-Based Musicians.

Calculate your Materials & Labor Costs (even if it's just your time)
Analyze and track your overhead expenses and costs of doing business
Determine your profitable hourly rate based on where you live and your level of experience
Learn about the various components that make up your price (+ make sure you're building these in)
Set a profitable price for your services (triangulate your price using three built-in pricing formulas)
Know how much to set aside for taxes each quarter
Calculate your gross profit margin to ensure your price is profitable

No more second-guessing yourself when it comes to your prices. Know your costs, determine a profitable hourly rate, and set a price that’s fair and equitable (with a tool that does all the math).

Start Today

Get instant access to this digital resource. Look for a receipt and download link in your email inbox.

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Future Updates Included

When you purchase this guide, you'll receive complimentary access to any future updates or additions—at no extra cost.

Complimentary Access

This template is available to all students in the Musicpreneur Model.

What's Included

This tool includes three customizable worksheets and a profitable pricing calculator that are yours to edit and adjust as needed for your business. Here's what you'll find inside:
- Google Sheets file (with an option to download to Microsoft Excel or Numbers)
- Worksheet 1: Calculate your Materials & Labor Costs, the materials and labor that go into producing your service
- Worksheet 2: Calculate your overhead expenses
- Worksheet 3: Determine your profitable hourly rate and track your time on the project
- Built-in formulas for determining your COGS:Total Price ratio, gross profit margin, overhead and tax percentages, and owner's draw (what you pay yourself)
- Three pricing formulas with fields that auto-populate based on your inputs to help you set a profitable price for your services
An over-the-shoulder tutorial to help you set up and use this pricing calculator and customize these worksheets for your business.
Instant access to a 10-page PDF resource guide with tips on getting started, how to get the most out of this pricing calculator, and a ready-to-use/download Google Drive link.
An easy-to-reference, 1-page glossary of need-to-know accounting terms for your business.

Here's how it works:

When you purchase this template, you’ll get a PDF guide, walk-through video, and a ready-to-use Google Sheets link (look for a link to access everything in your inbox).

Make a Copy

Make a copy of the template to save to your Google Drive. This will give you edit access.

Edit & Customize

You can start customizing right away. Update categories and labels as needed and start entering data. Play with the inputs (your costs) and see how that affects the outputs (your price).

P.S. You can always go back and access the original pricing calculator in the future by clicking on the link in the PDF guide.

Disclaimer

This pricing calculator is for educational purposes only and should not be construed as financial advice. The information provided in this calculator and resource guide is not a substitute for advice from a qualified professional who is aware of the facts and circumstances of your individual situation. We expressly recommend that you seek advice from a financial advisor familiar with your specific situation.

FAQs

I created this pricing calculator for any self-employed, service-based musician. The categories are set up with self-employed musicians in mind, but they are fully customizable and can easily be tailored to you and your business. I included some example content that's relevant to self-employed/freelance work to give you some ideas for how to customize them.
Check your email! You'll receive a receipt for your purchase (save this for tax time!) and links to download the PDF file (with a Google Drive link) + tutorial video within a few minutes.
Sometimes it doesn't work out. I get it. If you're not satisfied with your purchase (for any reason), please reach out to me within 7 days and I'll work with you to make it right, even if that means a full refund. Please read the full Terms of Purchase here.
Yes, of course! I'd be happy to answer your question and assist you however I can. Please reach out to hello@musicianandcompany.com and I'll get back to you within one business day.