Freelance bookkeeping rates3/27/2023 ![]() ![]() While you define your value as a freelancer, you should also be considering the value of the client. Sometimes, a smaller project with less earning potential can turn into a much larger opportunity. Your price should reflect these qualities and the unexpected value that comes with them. Perhaps your leadership leads to long-term returns and benefits for your client well after the project ends. This intangible value could be in the form of your organization style, your level of flexibility, your willingness to provide additional advice or information and other beneficial qualities. Think about the intangible value that you’re providing to the client on top of the deliverables. This can extend beyond the tasks within the project’s scope. Your rate should reflect the total value that your client receives. So, as long as you feel like you’re providing the best value to the client, and the client understands that value, then you’re in a good place.” ![]() He states, “It’s about knowing what your value is, and making sure that your client understands the value you bring to the table. explains how he knows that he’s on the right track. Rather than choosing a price based on what you believe a client wants or how they may evaluate you against other options, focus on what your client can achieve because of your efforts. Tying your self-worth with a dollar amount can be damaging. On the other hand, too low a rate may affect your confidence and how clients perceive your expertise. Should you test the limits or play it safe? Calculating a freelance rate higher than you’ve been paid historically won’t guarantee success in the long-term. The right frame of mind to measure your valueįor first-time freelancers, the pricing process is flush with uncertainties. ![]() Understanding how to calculate your freelance rate in a meaningful way-and more importantly, how to define your worth-is key to maximizing your earnings, finding fulfilling projects and growing your business. As a freelancer, some project opportunities come with a listed rate, but other clients will ask you to price your own services. As you set out to build your business, it can be challenging to evaluate your skills and experiences and subsequently translate them into a dollar value. ![]()
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