Optimal Work Daily - Career, Productivity and Entrepreneurship

1795: [Part 1] Freelancer Rates: How to Set Them and Raise Them by Sandra Kenrick with I Will Teach You To Be Rich

16 snips
Aug 30, 2025
Freelancers often undervalue their services by charging hourly rates. Discover why value-based pricing can transform your income and client relationships. Learn practical strategies to align your rates with the impact of your work. This approach not only boosts your earnings but attracts better clients, eliminating the frustration of trading hours for dollars. Real-world examples and insights set the stage for establishing sustainable pricing practices.
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ADVICE

Start With Industry Base Rates

  • Calculate industry base rates to avoid underpricing or overpricing yourself.
  • Use sites like PayScale and Glassdoor as starting points for salary-based rate estimates.
ADVICE

Price To Cover Overheads

  • Tally all personal and business overheads before setting rates, including taxes and insurance.
  • Break your monthly needs into weekly, daily, and hourly targets to set realistic prices.
ADVICE

Align Rates With Experience

  • Adjust rates for experience: juniors should charge less than seasoned pros and present relevant work.
  • Avoid asking for high hourly rates with no portfolio or experience to justify them.
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