Three Ways to Transition to Value Pricing
Ditching Hourly
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How to Set a Fixed Price for an Hourly Project
If you feel uncomfortable giving a fixed price at 18 five in this example, then your estimate is probably way too low. You shoud probably redo your estimate until you know you're comfortable charging a 85 % premium over the estimate to guarantee a fixed price. Now, the second way to start sition to value pricing is to set a fixed price for a small chunk of a larger hourly project. Let's just say, for the sake of example, that you estimate the project would be about 50 thousand dollars, or, say, a hundred thousand dollars.
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