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Freelance to Founder
[Q&A] But...Should I Hire By the Hour?
Apr 2, 2024
Former guest Jim asks if he should pay subcontractors by the hour. Hosts discuss shifting to value-based pricing, negotiating fixed project fees with subcontractors, optimizing cost estimates, financial management insights advocating for value-based payment, and pricing services for freelancers' growth.
18:43
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Quick takeaways
- Consider negotiating a flat fee per project with subcontractors for consistency and profitability.
- Adopt a pricing model that accounts for potential growth and scalability, enabling flexibility in business expansion.
Deep dives
Paying Subcontractors: Hourly vs. Value-Based
The episode delves into the debate of paying subcontractors by the hour versus using value-based payment structures. The listener poses a question on the best approach for compensating subcontractors, particularly when transitioning from hourly rates to value-based billing for clients. The hosts discuss the challenges of aligning payment methods for subcontractors with client billing models. Suggestions are provided, like negotiating a flat fee per project with subcontractors to maintain consistency and profitability.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode