How Do You Set Fees For A Freelance Business?
The most daunting yet empowering task a freelancer must tackle is setting service rates. There’s more to it than simply spewing out a price. Freelancers must do market research, evaluate their experience and calculate their personal expenses, among other things. Though freelancing businesses are often times run as a single personal business, it still has to be run like a business. Use this guide to learn how to strategically set freelance business rates. Find out what other freelancers in your business are charging. Create a list of the ranges within your location and your medium using your contact medium of choice. Take into account the experience and professionalism of your competition and where you fall into the mix. In most cases, freelancers that are more professional and really look like they know their stuff will command a higher pricing system. In contrast, inexperienced freelancers likely fall lower in the pricing range. Figure out your strategy. The more professional you are,
