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Freelance to Founder
[Q&A] But...Should I Hire By the Hour?
Nov 7, 2023
The hosts discuss whether it is advisable to pay subcontractors by the hour, exploring various methods for determining freelance pricing and suggesting negotiating a flat fee per project. They also discuss the importance of marketing oneself online as a freelancer and highlight a lead generation tool called Solid Gigs. Lastly, they emphasize the importance of pricing freelancer services based on the cost of subcontracting the work and allowing for future growth and flexibility in adjusting rates.
16:43
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Quick takeaways
- Paying subcontractors a fixed fee per project helps maintain consistency and aligns with value-based pricing.
- Charging based on the value freelancers provide rewards efficiency and encourages a focus on results rather than time spent.
Deep dives
Charging subcontractors by the hour or value-based?
The question raised in this episode is whether it's better to pay subcontractors by the hour or based on the value of the project. The hosts discuss the benefits of value-based pricing and how it aligns with charging clients. They suggest negotiating with subcontractors for a flat fee per project to maintain consistency. If hourly payment is necessary, the hosts advise determining the average cost by estimating the number of hours needed for a typical project. They emphasize the importance of knowing your numbers and padding the estimate to account for variations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode