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27th September 2019 · Read 5 min
Most freelancers fight together with their fees. Newcomers often charge too little. At least until they realize how very experienced professionals ask.
If you charge too little for your services, you risk damaging the perceived value of your work. They expose good customers who know how much professional writing costs and expect to pay for it, and land more poorly paid work to scratch the livelihood. There are no advantages to underestimate your work.However, if you ask too much, risk that you disappoint a customer that expects a product to get a product that reflects the fee, or the price itself from the market and not enough gigs to the ends to reach.
It's a fine line. So, how do you do it?
I have been alive for several years as a freelance writer. Like most I started to load too little. I have even worked for free (Note: Never work for nothing), after I sucked myself, that he believes that the old line about the need of "exposure" instead of payment until they receive "a name" in the industry, . You do not need a name to be published and paid. You just have to write well and make your target market.
There are two sensible ways to charge. Either they offer to do the work for a firm, all-inclusive fee or to calculate the hour. Both have advantages and disadvantages.
I calculate fixed fees, which calculates a word or more, depending on the assignment on a CPW (CENT Pro Word) scale of 10 cents (an absolute minimum) to a dollar. The average is 25 CPW. But I do not disturb customers with the details. I calculate the fee, round them up and present them with a FAIT ACOMPLIS .
The most professional freelance writers calculate the fees for the projects. In addition to the transmission of communication between the writer and the customer, most of us do it because it is more profitable. Take, for example, a customer wants I writes Ghost a short 5,000 word e-book text as a lead magnet. I can quote $ 1250. A typical business client that recognizes the long-term investment value of the product does not flash with this fee.However, let us imagine that I had decided to charge a hourly rate. Such a project (assuming I already knows that the topic already knows, and it is not too technical) would probably be a working days that all told. So, about five hours to know, write, edit, correction and format.
I have to calculate $ 250 an hour to write this eBook.
That would be a harder sale. Why? Well, there is no justice in it, but here is the reason.
In the first instance, I sell a product to values ??that the customer can understand. It is an addicted marketer, and she knows the value of a well-manufactured shine magnet. It can see that you will return this fee of $ 1250 in no time. It is a steal.
In the second instance, I asked the customer to appreciate my time as a writer. She is not a writer, and she knows little about the process. She probably corresponds to writing with tapping. And she builds on to pay someone $ 250 per hour. "This is a crazy sum of money to pay a guy for 60 minutes, tap!" She thinks.So I do not learn open for my time, ability and experience. Most customers do not have the conditions to understand these values. I calculate a product , whose value the customer can understand on their own terms.
See it differently. An acceptable hourly rate for a professional freelance writer with a reasonable portfolio would be $ 75.Charging that I earn $ 375 for the eBook project before subtracting the overheads. This is 7 CPW, well below my minimum rate. Given that I do not have a gig every day, or even every month when I had charged every hour, I would soon say about my unemployment insurance.
Does it ever make sense to calculate the hour? Maybe. As I said at the beginning, both ways to set their charges, give disadvantages and benefits.
The fixed fee method can arise if you celebrate the complexity of the project.
I think it happens to us all in a while. You calculate $ 500 for a detailed article, but it turns out that you have to do more research than you thought. Instead of being done by lunchtime, burn the candle at both ends to deliver them to the next week's deadline. They work at the end for peanuts per hour.
The lesson is to make sure you know what you do. But for long, complex, open projects could be an hourly rate of the way to go. In Borderline cases, I would quote a single fee and bring me to pick up the scope if my judgment has proven inaccurate.
Your fee for different projects with similar word counts varies depending on the niche. A technical paper for an IT company commands a much higher rate (CPW or dollar per hour) as a blog post on dog care for a veterinary surgeon website.
In the end it is your call. I recommend you to recommend you to make individual charges for your services. You will probably earn more money than they would invite you to the hour.
If you set your fees, do not undervalive your time, skills or experiences. There are good customers A-Posy Da, and the first class writing market is inexhaustible. Whether you offer fixed fees or hourly prizes, make sure you will be paid to what your writing is worth.
You are a busy person who works with many workers. It makes more sense to fix a simple price on a product, as customers with complex, filled invoices that look like Einstein's Jotter.
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