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How Cost Models Professionals Can Help You

Cost models are skeleton-like outlines of what it takes to make something happen. Whether it is building something from the ground up, or just embarking on a new project within your established company, you've got to have a working cost model to point out how much things would cost, and what you need to make it happen. More often than not, these cost models can make or break a pitch, if you're bringing an idea before a board of supervisors. It is a pivotal part of making sure that an idea is well thought-out, and ready to move to the next phase.

Coming up with ideas is difficult, but pitching the idea can be even more so. Once your ideas are in place, it is important to research and outline how feasible it is. That's where an effective cost model comes into play - it's an outline of the investment needed to make an idea become a reality. These are tough because a lot rides on them; they're what can lead a project to get the green light. That's why you want to make sure that you've thought of everything before making it, and the best way to do it is to partner with another person to ensure you've run it by somebody. The best resource you've got is Guru.com, where you can find a freelancer that knows how to think critically and point out everything you might need, and find out the best way to make it happen. Name your price and find a freelancer at Guru!

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Pay by Milestones

Milestones are like checkpoints you create to ensure you're happy with the work every step of the way. Build as many milestones into your job as you want — set a due date for each milestone and the amount to be paid.

Pay by Task

Pay for a single completed task, however big or small. Create and assign tasks for work as needed, and generate invoices from each task once they are completed.

Pay by the Hour

Track progress with ease and confidently pay freelancers by the hour. Use our TimeTracker software to see in the moment updates of work being done. Hiring multiple freelancers for your job? Stay organized with a breakdown of each freelancer's hourly rate and time tracked.

Pay Using Recurring Payments

Easily pay your go-to freelancers on an ongoing basis. Set up to four recurring payment rules for any given job — pay every week, every other week, every month, or every quarter. Stop or Resume payments at any point with just a click of a button.

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