Project pricing vs. hourly rates

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In response to a recent post about Raising your freelance rates,” commenter Mitch Devine of Love Hate Advertising asked for a followup about my philosophy of hourly rates vs. project pricing. So here goes!

First, I should say that I have no ironclad rules about pricing freelance jobs other than trying to figure out what the client is looking for. In the Freelance Forecast 2010 survey 70% of the clients surveyed preferred either a firm quote or not-to-exceed estimate—and only 6% chose an hourly rate—assuming the same overall cost. [Read more…]

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