Charge MORE for your freelance work. | Summary and Q&A

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August 18, 2021
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Malewicz
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Charge MORE for your freelance work.

TL;DR

Learn how to price your freelance services effectively by considering your portfolio, testimonials, industry averages, and breaking down your work into smaller tasks.

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Key Insights

  • 🏛ī¸ Building a portfolio with several projects is crucial for establishing credibility and attracting clients.
  • 😆 Testimonials from satisfied clients help build trust and demonstrate the quality of your work.
  • 🙂 Research industry averages and price your services slightly below that to remain competitive.
  • đŸ’Ļ Breaking down your work into smaller tasks can help justify your pricing and demonstrate more value to clients.
  • đŸ’Ļ Avoid vague pricing descriptions and instead specify each task or element of your work.
  • 🛩ī¸ Keep your prices competitive but still profitable by multiplying the average industry salary by three and subtracting a small amount.
  • 💨 It's important to have a balance in pricing to avoid scaring away clients with high prices or attracting low-value clients with excessively low prices.

Transcript

3 is a really good number but how to do that hey so today i'm gonna tell you one little secret that i think was a big breakthrough when i was a freelancer and i was charging my clients obviously you want to charge those customers more because well you'll get more money that's the point of growing a freelance business to get more money but of course... Read More

Questions & Answers

Q: How can I establish my pricing when starting out as a freelancer?

When starting out, focus on building a portfolio with five or six projects and collect testimonials from satisfied clients. These will help you negotiate prices and showcase your work to potential clients.

Q: How should I determine the price for my freelance services?

Research industry averages for similar roles to get an idea of the market rate. Multiply the average industry salary by three and subtract a small amount to remain competitive but still profitable.

Q: What is the importance of testimonials in pricing freelance services?

Testimonials from satisfied clients act as social proof and help potential clients trust your work. Include these testimonials in your portfolio to justify your pricing and show the quality of your services.

Q: How can I convince clients to accept my pricing?

Break down your work into smaller tasks or elements to make the client feel like they are getting more for their money. The longer the list of tasks, the easier it is to convince clients that your pricing is justified.

Summary & Key Takeaways

  • When starting out as a freelancer, build a portfolio with at least five or six projects and collect testimonials from satisfied clients.

  • Research industry averages for similar roles and price your services slightly below that to remain competitive.

  • Calculate your monthly rate by multiplying the average industry salary by three and subtracting a small amount.

  • Break down your work into smaller tasks to demonstrate value to clients and justify your pricing.

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