Pricing freelancing projects.
Everything I've learned.
A thread.
Having one pricing strategy that you can apply to every real-world engagement is often a fallacy.
Learn these pricing methodologies:
- Hourly billing
- Daily billing
- Retainers
- Fixed-pricing
- Value-based pricing
Understand their pros and cons.
Understand your circumstances.
Understand the project.
Choose appropriately.
Charging by the hour doesn't work in favour of freelancers.
If you need to use it to get started,
Stop using it as soon as you can.
Hourly billing is by far the worst pricing methodology to use for profit.