One of the inevitable questions that freelancers will encounter from potential clients has to do with money. How much do you charge to get the job done?This blog post will walk you through the basics of setting your freelancing fees. No exact figures will be given. That part is for you to decide.
There are basically two ways to charge your client: by the hour or by the project. You may often hear the terms being referred to as "hourly jobs" and "fixed price jobs."
By the Hour
Some freelancing positions entail a variety of tasks and outcomes. Because the required output changes from day to day, clients pay you for the time you spend working for them. Many will expect you to commit to a few hours everyday to receive instructions. Most virtual assistant positions and data entry work are paid by the hour.
The advantage of working on hourly jobs is that whether you can "deliver" or not, you will receive compensation. You need to convince the client though that you are a fast worker, and not a slacker. Most hourly jobs start out with a trial period.
By the Project
Freelance work that requires a specific output are often charged by the project. Examples of the required output include videos, articles and web content.
