From the course: Freelancing Foundations

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Pricing your services

Pricing your services

From the course: Freelancing Foundations

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Pricing your services

- One of the most important and difficult decisions a freelancer makes is how to price their services. I can tell you that the only thing that feels worse than being rejected because of your price, is working through a project that you've priced way too low. Most often, freelancers tend to price their services based on the number of hours they work on a project. This looks like a standard hourly rate. But this puts a limit on your earning potential, to earn more income, you would need to work more hours, and of course, there's a limit to how many hours you can work. You can raise your rate, but there will always be a limit to the hours you can work. Hourly pricing also creates a disconnect between you and your client. Hourly rates mean you'll want to work more hours, while your clients wants you to get the project done as quickly as possible. And if you work efficiently and do great work quickly, you're actually penalized for…

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