Written By: Rosanna Webb I've encountered numerous challenges in navigating the intricacies of pricing my services. One of the most significant decisions I've faced is whether to charge clients hourly rates or opt for fixed project fees. I'll share my insights and experiences on the advantages and drawbacks of each pricing model, helping you make an informed decision tailored to your freelance business. Understanding Hourly Rates Many freelancers opt for hourly rates as a customary pricing system, which permits them to invoice clients based on the actual hours spent on the project. This approach offers transparency and flexibility for both parties, as clients pay for the actual time spent on a project. For freelancers, hourly rates provide a sense of security, ensuring they're compensated for every hour invested in client work. However, hourly rates come with their own set of challenges. One of the main drawbacks is the potential for fluctuating income. Since ea...
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