Ffor many freelancers, value is vaguely defined and no specific achievement is promised. So my question is not how do you decide how much to charge your clients. It is: How do you, a self-employed freelancer, determine how much to pay the freelancers who provide business services to you or your clients?
Here’s how to find out what your competition charges: Ask!! However, note that there’s a right way and a wrong way to ask.
Demanding to get paid “what you are worth” can be UNhelpful advice. Too vague yet too emotionally fraught. Here is a guest post on this topic that I wrote for Carol Roth’s blog.
What do you say when someone asks you for free professional advice? It’s a touchy question and your answer may vary depending on the circumstances. But one fundamental principle always wins the day: We handle this question most effectively when we determine our policy before we are asked.Here are four ways freelancers can handle these requests.
Except for freelance work under an existing agreement, we can raise our rates any time we wish. After all, we’re the boss. Here are some tips on how to do it.
The consensus seems to be that we freelancers should charge what we are worth. However, how do we determine what we are worth? Here’s a formula for use in your calculations.
Today’s freelancers never determine that our rates are too high. Getting “what you are worth” always, always, always means getting paid more. Experts and fellow freelancers recommend that we hire the very cheapest labor from online job boards for the tasks we need done but that we also demand top rates for our own services. Apparently they see no inconsistency there.
A hairdresser who has never actually worked as an image consultant explains that she has provided well-received advice on hair, makeup, clothing, etc. to family, friends, and strangers for free. What would you pay for her services if she starts her own business?
I’ve been reading advice on value pricing for awhile and I admit I still don’t get it.
I tend to prefer by-the-project pricing when I have a rather firm idea of the time and resources a project will require. This may happen because the project is so clearly defined—500 words on how to save on household expenses—or because I’ve worked with the client several times already. However, hourly rates are preferable when it’s difficult, if not impossible, to predict with any accuracy how long a project will take.