QUESTION: How to price your services?
Answer
•Thoroughly study the current market and analyze open data on how much direct competitors with your level of experience charge for similar work.
•Calculate your desired net monthly income and divide it by the number of working hours, making sure to factor in time for marketing, client acquisition, and administrative tasks.
•Remember that a fixed price for a specific project is usually safer and clearer for both you and the client than hourly pay.
•Beginner specialists are allowed to set prices about 20-30 percent below market value to build up their client base and portfolio faster.
•Regularly review and increase the cost of your services every six or twelve months as your qualifications grow and the complexity of completed orders increases.
•Master the value-based pricing model for experienced specialists, where the project cost is calculated not based on time spent, but on the client's financial gain.
Was this answer helpful?