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But today, I want to share a quick anecdote about one of the unseen dangers of freelance writing rates that are too low, in the form of someone whose estimate was so cheap that I almost didn’t hire her. [Read more…]
Dr. Freelance, I just started a new job, but my former employer has asked me for pricing on some freelance jobs on the side to help them with a large proposal they’re working on. I’ve determined that a set hourly rate will work better than a lump sum fee, due to fuzziness on the scope and my previous experience with this group. I’ve always been a salaried employee and am clueless how much to charge! I can do a simple calculation on what my “hourly rate” is based on my current salary, but they will obviously 1099 me, so I’ll have to pay taxes, etc. What’s your advice?—Boomerang Baby[Read more…]
Found this two-part question about raising your rates and increasing traffic lurking on my “Freelance ghostwriting rates” post from quite a while back…
Dr. Freelance: I’m a former literary agent and I am just starting out after about a decade out of the publishing business as a freelance editor and ghostwriter. I plan to charge 20 cents a word for ghostwriting and 1 to 4 cents a word for editing, depending on the level. You say here that 50 cents a word is rock bottom for ghostwriters, but I’ve seen 20 cents elsewhere. Should I up my rates or is this fair since I’ve been out of the game for a while?[Read more…]
I was talking with a longtime freelance associate yesterday about two pricing issues she’s having. First, she’s trying to find a way to charge a premium for her services when the client wants to buy extensive rights vs. one-time, one-purpose rights. Second, she’s got a potential ghostwriting job and is attempting to calculate an appropriate rate that won’t price her out of the market. [Read more…]
If you don’t already subscribe to Peter Shankman (creator of Help A Reporter Out, aka HARO), you should. His blog post yesterday, “How to get paid what you’re worth,” is a must-read for all freelancers, as are the comments.
Pricing and estimating are among the trickiest aspects of the freelance game, as for any service business. Shankman puts a fine point on what I was getting at yesterday — you can always come down in price, but you can never go up — as well as offering some other excellent insights on how you can price your services properly.