Ditching Hourly The Hourly Income Barrier
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Oct 17, 2016 Hourly billing may be sabotaging your relationships with clients and capping your earning potential. Discover why this payment model can lead to inefficiency and mistrust. Explore strategies for breaking free from the hourly grind, allowing for greater income and client satisfaction. Plus, learn how to create anticipation in your communication, so clients eagerly await your messages every day!
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Hourly Billing Harms Relationships
- Hourly billing harms client relationships, hindering true partnerships and optimal work.
- This leads to lower client satisfaction across various professional services, including digital disciplines.
Misaligned Incentives
- Hourly billing misaligns incentives; the longer a project takes, the more the freelancer benefits, while the client loses.
- This breeds distrust, even if unintentional, leading to questions about hours, micromanagement, and fewer referrals.
Aimlessness and Scope Creep
- Hourly billing encourages starting work without a clear client goal, leading to aimlessness.
- This causes scope creep and budget issues as the project progresses, even if the freelancer isn't at fault.