In the last article, I looked at per piece and per hour project pricing models for freelancers. Today, it’s time to look at pricing per project. This strategy offers protection for both freelancers and clients, but you have to do it right.
Image credit: 401K
Pricing per project
Give a project price and both you and your client know exactly where you are. The question is, how do you create a good project price? The work you have already done to set your target hourly rate will help you with this process. The other thing you need to know is how long it will take you to do key project tasks. It’s always a good idea to time yourself for a while when doing projects so you know what’s realistic. You’d be surprised Continue Reading
Finding a project you love is only half the battle of freelancing; landing it is more of a challenge. One of the biggest headaches for freelancers is how to price your services. This is not just a problem for new freelancers, who often find pricing a struggle, but also for experienced freelancers branching out into a new area. Here are some tips on setting the appropriate price for the job.
Image credit: 401K
Preparation: what do you want to earn?
Sometimes it’s tempting when bidding for a project to:
* see what others have bid and match it
* pull a figure out of the air, cross your fingers and hope
While we’ve probably all done this at some point, in the long run it’s not a sensible way to operate. Matching what others have bid doesn’t make sense because you might have different skills and different costs from other freelancers. Pulling a figure out of the air doesn’t work because it has no relation to the amount of work you will do (or the taxes you will have to pay on your income). As a professional freelancer, you need a better pricing strategy. Here are some options. Continue Reading