Why You Should Raise Your Freelance Prices
Today we talk about how to raise your freelance prices because chances are, you are not charging what you are worth! I will walk you through mathematical equations and real-life scenarios to help you better understand how to appropriately change your clients.
Early on in my freelance career, like most of you, I charged my clients an hourly rate based off of my desired yearly salary. After a while, I found that this formula not only devalued my self-worth and production but also, it fractured my relationships with my clients. I constantly felt like I was providing my clients with great work but not getting properly compensated for it. It forced me to feel me bitter and frustrated.
Through the muck came clarity and I created a five-step approach to evaluating how to charge my clients. I now look at my potential customers and their businesses holistically. I conduct research to understand where they fit in the marketplace, how the project I am helping them with affects their bottom line, and what their return on investment (ROI) is by hiring me. By leveling the playing field, and making it fair for all parties involved, you set a foundation for a stronger, smoother, and symbiotic working relationship.
This episode is incredibly helpful if you are feeling undervalued and need to make an adjustment in your pricing structure.
In today’s episode you will learn:
- How to charge for your expertise appropriately
- Equations to help you understand your true rate
- Why you are more valuable to your clients than you might think
Head to the website to listen to episode Why You Should Raise Your Freelance Prices or click here to listen now.