Price it right!

An Honest Guide to Freelancing An honest guide to freelancing
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Transcript

In this short chapter, I will talk about the money. I will talk about pricing and payment, how to get paid and how to ask for payment. As I said earlier, first of all, don't tell a price without knowing what is the burger Exactly. If you learn only one thing from the whole course this should be don't tell a price too early. Now when you tell your price to the client, a few things can happen. First of all, he thinks is too high.

Second of all, he thinks is just perfect. Third of all, he will think it's too low. Okay, the third one is never happening. He will never say oh my God, you're so cheap. If someone is telling this to you, man, you are very, very cheap. And you should raise your prices.

This is a sign that your price is too low. Also a sign can be that everyone is taking your services without any thinking it could be meaning that it's very cheap. And you should consider raising the price. So a lot of times happens that the client thinks the price is too high for him. And he starts to say that it's not for me now I don't have enough fun. He starts to haggle.

Or he simply seems not happy or he simply refuses the business. Now don't panic. Don't drop the price half just to get the job. Don't panic. The trick is not to lowering the price. But hiring devalue, dropping something more, if you are writing 10 pages of text to him, tell also that you will format the text or if you are designing the logo, tell him that you will get several versions of the logo.

Give him more and explain why your price is so high and why you give more for that price. Let them know the value of what you offer. Let them consider it. Why are you pricing like this? Many times, for example, for my logo design where people are freaking out that oh my god, it's so expensive, it is not. And I explained to them why it is not I work a lot on a logo and I do the best I can.

And this will help your business very much. And if you change the clients perspective, and let them understand that your service will benefit their business, they will accept your higher price. And that's what you want to do. Also, know your worth, don't work for pennies. This is what I can say about pricing don't work for pennies. calculate your hourly rate, or work with a project rate.

I will not tell you which one to do. It's really up to do. I do a mix of these. I know what is my hourly rate, and I work for some clients by an hourly rate and with some where there is a short project I work on a project It so they pay me when the project is finished. There are many calculators online to calculate your project or hourly rate. I can tell two things about it.

Check the market, check the market and check. What is the price of the service you're providing? What are the price other designers or other writers or composers are looking for? Check the market and work for that price. Or set your price accordingly. Don't be too cheap.

Or don't be too expensive or if you are, let the client know why let them know the value. And also, what I always do what I always tell to everyone, again, listen to your gut. If you want to go very low, and you tell a very low price to the client, do you feel happy? Do you feel content? Do you feel that okay, this work I do now and this will pay the bills or do you feel like okay I do this work it will be, it will be I gonna get paid a few amount. And then I have to do a lot of other work which I also don't like because I've worked very cheap.

No, you're just making yourself miserable. Know what you're worth. And really ask yourself what is the amount for this job that would make me satisfied? It seems so simple but we don't do this. We don't ask ourself Okay, what would make me satisfied? of course be realistic a billion dollar is not realistic.

But what what is the amount? What make what would make you satisfied? What is the amount you would accept for the value you give for your client? Think about it. work like this and you will be happy

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