As a freelancer, you may find it difficult to determine your pricing rates for any given project, and to get paid. Many freelancers undercharge their clients for seemingly legitimate reasons, but it is important to remember that being paid extremely low rates over a long period of time will create frustration and stress.
In order to make a satisfying career of freelancing, you need to receive pay that is equitable for the work you produce.
Negotiating freelance project pricing can be the most intimidating part of freelancing. Freelancers tend to undercharge for several reasons:
You may be willing to work for lower rates as you get your business off the ground, but eventually you will be ready to bring your rates more in line with the current market rate. The next question you need to answer is: How do you do that?
Determining how much to charge for your time and expertise can feel very personal, especially when you don't know what others in the field charge. How do you know whether you are charging too little or too much?
Freelance price negotiations can seem like an art form, but as you become more familiar with the freelance approach, you will learn to set fair prices and to stick by them. Most clients are willing to pay for quality work, so don't be afraid to getting paid a price that accurately reflects the value of what you do.
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