What is the better way to price? Well it depends, we discuss pricing hourly or a fixed rate and how to decide what is best for you. This lesson taking from the pricing section of the below course. The Freelance Masterclass: For Creatives course is available on BOTH Udemy and Skillshare UDEMY: www.udemy.com/course/the-freelance-masterclass-for-creatives/?couponCode=FREELANCEFREEDOM10 SKILLSHARE: skl.sh/2YMl6ZO This class has a special focus on those who are interested in going freelance, those wanting to move from part-time to full time or those who are freelancing in the creative space.
Hi Lindsay. Could i ask.... if you are doing a job with alot of uncertainty, for example design of a new product, and there is alot of uncertainty and the length of the task may grow ( but it is still within scope) do you add an uncertainty factor to your baseline fixed price? Im currently pricing for a job and there is alot of potential design changes that can happen but my customer wants a fixed price. I dont want to end up losing money
@@beefybeef1326 I would really make sure you define the scope of the project super well in the contract. You never want them to ask for unlimited revisions unless it is written down and even then your contract can set those limits. If it does require more revisions or work outside of what was outlined I like to usually shift it to an hourly rate until it gets back into the original scope. The way you can get paid for any extra work that you did not expect if it starts to exceed your fixed price you quoted. This can be a simple line in your contract after you defined what the project scope is that any additional work after ________ any additional work or revisions will switch to an hourly price of $xx.xx per hour.This can only be used if you define your scope and project milestones well. I hope I was not way off on answering or understanding your question!
@@LindsayMarsh thank you. Thats excellent. The issue i have is that the customer is currently unsure what materials they wish to use on a new product they are making. If its made from carbon fibre it will be more problematic to analyse, compared to if it was made of a metallic structure. The scope of the job doesn't really change, its more that i may need to do more complex calculations to make sure the structure doesnt break. There is some uncertainty what path is taken. I guess i could just give 2 prices... one for carbon and one for metallic. Thank you so much for taking the time to reply to me. Your videos are outstanding and the best i have found on the internet. God bless you
@@beefybeef1326 anytime! I do think that giving them two price options would also help them have all of the information they need to make a decision and It protects your time. I just got a quote for an air conditioning replacement. The man provided me three price options side by side so I can compare. Three different units and different labor costs for each unit. It was presented well and I was able to compare.
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What is the better way to price? Well it depends, we discuss pricing hourly or a fixed rate and how to decide what is best for you. This lesson taking from the pricing section of the below course.
The Freelance Masterclass: For Creatives course is available on BOTH Udemy and Skillshare
UDEMY: www.udemy.com/course/the-freelance-masterclass-for-creatives/?couponCode=FREELANCEFREEDOM10
SKILLSHARE: skl.sh/2YMl6ZO
This class has a special focus on those who are interested in going freelance, those wanting to move from part-time to full time or those who are freelancing in the creative space.
Hi Lindsay. Could i ask.... if you are doing a job with alot of uncertainty, for example design of a new product, and there is alot of uncertainty and the length of the task may grow ( but it is still within scope) do you add an uncertainty factor to your baseline fixed price? Im currently pricing for a job and there is alot of potential design changes that can happen but my customer wants a fixed price. I dont want to end up losing money
@@beefybeef1326 I would really make sure you define the scope of the project super well in the contract. You never want them to ask for unlimited revisions unless it is written down and even then your contract can set those limits. If it does require more revisions or work outside of what was outlined I like to usually shift it to an hourly rate until it gets back into the original scope. The way you can get paid for any extra work that you did not expect if it starts to exceed your fixed price you quoted. This can be a simple line in your contract after you defined what the project scope is that any additional work after ________ any additional work or revisions will switch to an hourly price of $xx.xx per hour.This can only be used if you define your scope and project milestones well. I hope I was not way off on answering or understanding your question!
@@LindsayMarsh thank you. Thats excellent. The issue i have is that the customer is currently unsure what materials they wish to use on a new product they are making. If its made from carbon fibre it will be more problematic to analyse, compared to if it was made of a metallic structure.
The scope of the job doesn't really change, its more that i may need to do more complex calculations to make sure the structure doesnt break. There is some uncertainty what path is taken. I guess i could just give 2 prices... one for carbon and one for metallic.
Thank you so much for taking the time to reply to me. Your videos are outstanding and the best i have found on the internet. God bless you
@@beefybeef1326 anytime! I do think that giving them two price options would also help them have all of the information they need to make a decision and It protects your time. I just got a quote for an air conditioning replacement. The man provided me three price options side by side so I can compare. Three different units and different labor costs for each unit. It was presented well and I was able to compare.
Thanks for the video. Very useful
Hello dear, I'm new in your channel. Hope talk you soon.
Thank you.