Freelancer rates for remote work
By Nikola Stojsic | April 10, 2021 | 0 Comments

Guide to freelance rates

If you are in the field of freelance work, you normally have the ability to set your own rates, but it may be difficult to find the right amount to quote for your services.

Here is some information that should help you kick start your career:

  • Pricing formats

The most popular pricing formats are hourly and per-project.
Hourly pricing is especially popular with people who are new to the freelancing industry, because it protects you from revisions, plan changes, or even halts, as you will be paid for the time you take—even if it is longer than expected.

If you are asked to explicitly state the number of hours required for the project, you can either make an estimation, or time yourself while working.
You will more likely than not work for bigger and bigger clients as you continue improving your craft, and you may find the hourly format to be inadequate once that happens, i.e., you will finish projects too fast, earning a lot less money than you should.

This would be the right time to consider the per-project format, which puts emphasis on the quality of the end product instead of the speed, e.g., you can finish a project in 20 minutes, but still be paid quite well because of the quality and value your service provides.

During the negotiation process, a client might ask you for an estimate. It is generally considered good practice to reply with a wide range, followed by a question about their budget.
If you use a specific freelance-related website for finding clients and offering jobs, make sure to ask the client to leave feedback on the project once it is complete; this will help you build your portfolio and give future clients even more of a reason to hire you.

Guide to freelancer rates

In order to set a good price for a per-project format, ask yourself questions such as:

  • How much do I like the project?

    Working on a project you find boring will require you to push yourself a lot more compared to working on a project you find intriguing.
  • How do I feel about the client?

    Even though this may seem peculiar, working on the client’s project means you will have to communicate with them, and if there are signs that will be difficult, you should probably factor that in.
  • What is the value of my service?

    Think about what impact your service has, i.e., how much it means to them. Will it improve their sails drastically, will they easily make money back once the project is done, etc. The higher the value you provide is, the more you may charge for it.
  • Clear communication

Every project has its own unique complexity, challenges and requirements, and it is exactly those three factors that play a big role in finding the price that is just right.
Once you receive a project offer, do not jump the gun by accepting the price too soon.
Instead, make sure both you and the client are aware of the details such as the amount of work and the time needed to complete it; this will prevent misunderstandings.

  • Check industry prices

It may be helpful to check the industry-standard prices for a similar project to yours, but don’t rely on it exclusively.
Sites such as Upwork and Fiverr can be easily searched for an example price, but keep in mind that some examples may be seriously underfunded.

  • Conclusion

Negotiating with clients may feel like walking on eggshells, but being flexible with your prices and communicating well should put you at ease.
Happy freelancing!


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