Putting My Mouth Where My Money Is: Setting A Fair Rate & Sticking To It!
I wrote recently about drawing lines when it comes to money in freelancing. And, today, I had to put those brave words into practice.
Today, I sent off a well-formed quote to a potential client.
As a freelancer, I have a history of erring on the side of self-doubt, which often left me working hard for not much pay.
That’s not a fun place to be in, ever. Seasoned freelancers know that charging fair rates — fair to both you and the client — is one of the biggest hurdles to get over when learning how to operate your business.
I spoke to a long-time freelancer friend last year who does graphic design. She’s GREAT at it. She’d been working in the industry as a freelancer twice as long as I had been at the time we talked, maybe even longer, and she admitted she still undercharged clients on a regular basis. We vowed to keep one another in line when it came to charging properly for our services.
I didn’t really work — I mean, it did at first, but the novelty of having a money angel on my shoulder soon wore off and I went back to my old habits of undercharging.
But, now, I’ve finally come to the stage in my career where I’m taking myself seriously. Seriously.
You see, I wrote those articles in April for ME as much as I did for YOU.
I needed someone on my side who wasn’t distracted by a client’s dangling carrot, the job that I “could” have but maybe wouldn’t because “What if I charged too much?”
I needed a voice of reason, spoken from a place of neutrality, to bring me back to center.
I knew what I knew, but I was hesitant to apply that knowledge whenever it came time to actually tell clients what I wanted to charge. Instead, I’d doubt myself (again) and fall into the trap of bidding what I thought my clients wanted me to charge.
Stupid. I know.
So I read a ton of blogs on how to bill clients, how to estimate a job, about how undervaluing your work actually does more harm than good… I read a LOT on the subject, but I still didn’t want to take the leap.
I was still afraid. Why?
We live in an age of cheapness. As a culture, we love discounts, sales, clearances, coupons, and finding the lowest price. Paying full price is thrown around like a status symbol — “Oh, look what I could afford!” — whereas buying something for a discounted rate is, for the rest of us Scrooges, something to brag about.
However, as thrifty consumers, we also know that the lowest price doesn’t always equal the best value and can so often mean less-than-mediocre work,
Sending that quote out today was uncomfortable, yes, but only because I’d been drastically undercharging clients for far too long.
What does drastically undercharging look like?
Undercharging looks like a my fresh-out-of-high-school, year-2000-minimum-wage (that is, $7.50/hour), even though I have a Bachelor’s Degree, four years of experience, and multiple projects and happy clients under my belt.
Undercharging looks like Textbroker basics (500 word articles for $5 each) on a full-time basis, as a necessity and not as a supplement when I’m bored or a quick daily writing exercise to get my brain warmed up.
Ultimately, undercharging looks like making myself look cheap and my work look cheap because I’ve mentally displayed it on the discount rack instead of front and center, on a fancy end cap, with the premium goods.
I am not a low-end writer.
There’s a market for low-cost writers who’ll pop out content for pennies on the proverbial dollar just like there’s a market for discount clothes, tech equipment, and kitchen tools. Heck, I used to be in that market when I was just starting out, needing experience over money.
But I’m not in that market anymore.
Now I’m here to provide quality goods at a fair price. Yes, my clients may have to come to expect bigger numbers on the bill, but they’ll also notice the quality I provide is worth it. Unless they aren’t looking to spend the money…
In which case, I’ll suggest they find someone on a freelance brokerage site like Upwork, Textbroker, or others where there are plenty of discount writers available for hire at discount rates.
What are your experiences with pricing your work as a freelancer? Join the conversation here or on Facebook.