We will discuss the three most common ways how to price your services:
- Hourly rate
- Project rate
- Service as a product
But basics first.
How to Price Your Services in a Way You Don't Get Busto
// A THREAD //
We will discuss the three most common ways how to price your services:
- Hourly rate
- Project rate
- Service as a product
But basics first.
Rather build a very close relationship with it.
It:
- helps you to increase/decrease demand
- gives hints about how good/bad your service is
- positions yourself on the market
Know how to use this tool.
Imagine someone selling you a car for $350.
What would you think about it?
Exactly.
Set the fair price, not the scam inducing one.
The cheap price will bring you a specific sort of people.
- to be polite.
So always compete with quality, not price.
This is the most straightforward way how to set your price.
How to set it?
The basic equation may look like:
[Monthly target profit ($) + All costs ($)] / no. of billable hours in a month
PS. Even if you're starting out don't get much lower under this price.
Get an idea: https://t.co/BGibIPZeqX
Advanced calculator: https://t.co/QnzbtDRTUw
If you're not sure set a little lower hourly rate and then you can increase it.
Remember: "Price is the tool to use".
This means you will tell the client how much (exactly) he will pay before the work even starts.
Let's say somebody wants a website:
So you take:
- 15 hours for creating it
- 5 hours for communication
- 20% time reserve
Project rate = 24 hours * hourly rate
Using the hourly rate (and take reserve) is the easiest way. Break the price down to the client as well.
PS. $3000 for a website seems like you have a HUGE margin there. Better say $3180 and put yourself into a better negotiation position.
- Turnkey website
- Course
- Workshop
The "service" has defined
- Scope
- Price
- Complexity
You can see this type of pricing mostly on platforms like UpWork or Fiverr.
It's not ideal for any type of service but for some as:
- Small websites
- Logo making
- Template design
It may be the best solution for both sides.
But always check what's the standard in your niche.
More from Freedom Designer
5 Micro Skills That Will Improve Your Life Drastically
// A THREAD //
Even the small things compound over time... and become huge.
And they become HUGE.
This is the list of small skills that will improve your life A LOT over time, you can't even imagine how much... before you give it a try.
I'll present the skills in form of mini challenges.
1. Type with all ten fingers 10 days - 10 mins in the morning.
Most of us spend a lot of our time behind the computer typing.
Yet, not many people know how to write with all ten fingers —> drastically faster.
You can learn it for free here:
https://t.co/ow2WTHrXBJ
2. Make at least one Zap
Zappier allows you to make micro workflows between the applications you use.
Let's say you have to calendars (work and normal) and you want to sync them all the time —> Zappier
2b. You send an email every month remind your customers to pay the maintenance fee + reminder them if they won't —> Zappier
You want an email notification every time someone edits a Google sheet —> Zappier
Basic version is free. @zapier
// A THREAD //
Even the small things compound over time... and become huge.
And they become HUGE.
This is the list of small skills that will improve your life A LOT over time, you can't even imagine how much... before you give it a try.
I'll present the skills in form of mini challenges.
1. Type with all ten fingers 10 days - 10 mins in the morning.
Most of us spend a lot of our time behind the computer typing.
Yet, not many people know how to write with all ten fingers —> drastically faster.
You can learn it for free here:
https://t.co/ow2WTHrXBJ
2. Make at least one Zap
Zappier allows you to make micro workflows between the applications you use.
Let's say you have to calendars (work and normal) and you want to sync them all the time —> Zappier
2b. You send an email every month remind your customers to pay the maintenance fee + reminder them if they won't —> Zappier
You want an email notification every time someone edits a Google sheet —> Zappier
Basic version is free. @zapier
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The entire discussion around Facebook’s disclosures of what happened in 2016 is very frustrating. No exec stopped any investigations, but there were a lot of heated discussions about what to publish and when.
In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.
In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.
In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
The story doesn\u2019t say you were told not to... it says you did so without approval and they tried to obfuscate what you found. Is that true?
— Sarah Frier (@sarahfrier) November 15, 2018
In the spring and summer of 2016, as reported by the Times, activity we traced to GRU was reported to the FBI. This was the standard model of interaction companies used for nation-state attacks against likely US targeted.
In the Spring of 2017, after a deep dive into the Fake News phenomena, the security team wanted to publish an update that covered what we had learned. At this point, we didn’t have any advertising content or the big IRA cluster, but we did know about the GRU model.
This report when through dozens of edits as different equities were represented. I did not have any meetings with Sheryl on the paper, but I can’t speak to whether she was in the loop with my higher-ups.
In the end, the difficult question of attribution was settled by us pointing to the DNI report instead of saying Russia or GRU directly. In my pre-briefs with members of Congress, I made it clear that we believed this action was GRU.
