Comments on: Tips for Setting Freelance Rates & Consulting Fees

By: Jennifer Mattern

Jennifer Mattern — Thu, 21 Aug 2008 14:58:11 +0000

Yes, you can certainly always charge more than the minimum rates the post is designed to help you determine. That’s where your credentials, experience, and marketing skills really come into play.

As for a “performance award,” they’re perfectly acceptable in some kinds of work. For example, many marketing copywriters charge a flat fee up front with a performance bonus / commission based on the increased conversions their copy leads to. If you’re working in independent sales of some sort, commissions are a pretty normal thing as well. It would really depend on your industry, and what those “best practices” are – look at how competitors are charging to get an idea of whether or not this billing style might be a hard sell to clients.

By: K Shield

K Shield — Thu, 21 Aug 2008 14:46:05 +0000

I liked both the info from Jennifer and Ujjal, I was wondering if it would be acceptable to place a % of award clause in the price. IE: if the proposal is successful, a % of the award is to be paid sort of as a performance award.? Any thoughts on that?

By: Ujjal Gupta

Ujjal Gupta — Wed, 16 Jul 2008 13:24:40 +0000

That is a very interesting nad useful piece written by Jennifer Mattern.
I would like to add one further point – apart from working out what you are worth as advised by Jennifer, you could also try and see the value you are delivering to the client. If you can do that – it is often difficult to do, especially before you take on the assignment – you will often find that you are delivering far greater value than your own calculation of your worth. You may therefore try and take a share of the value delivered.
Of course, the scenario will depend on supply/demand and what the market will bear.
Cheers.