I use a very simple formula depending on how long the route is. Less than a day it's an easy formula.
$x - Mileage (miles driven times actual cost of vehicle ownership)
$y - Time (total hours for driving, shopping, and reporting times what I want to make per hour)
$z - $x+$y
So let's say your car costs you $.25 per mile of travel and you want to make $20 an hour. Your route is 400 miles total and it will take you 10 hours to drive, shop and report. In that instance you would need your total shop fee to be $100 for mileage plus $200 for your time. You would ask for $300 total (fee plus travel) for all of the shops. (hint, these are the numbers I use)
For overnight travel the total shop fees minus the total expenses has to equal my target goal for per day income on travel.
So let's say it's a 1000 mile trip that will take 3 whole days. Your total expenses would be mileage ($250), hotels (I use $115 a night so $230), and other expenses (food, tolls, random things, I use $35 per day so $105) for a total of $585). I have a daily goal of $250 in profit so I would need $750 for that. For that route you would need to ask for $1335 total.
That's just the formula I use, I'm sure some people have others. Those are also the numbers I use, that does not mean they should be the ones you use. Perhaps your car is a gas guzzling SUV that breaks down every 3 days, you would need more. Perhaps you need to make $75 an hour, or $5 an hour.
There are reasons that a body stays in motion
At the moment only demons come to mind
Edited 1 time(s). Last edit at 06/17/2019 04:36AM by bgriffin.