Freelancer Friday Newsletter #11
Mastering the Art of Negotiation as a Freelancer
As a Freelancer, a common issue resonant in the industry is putting a price-tag on the value we offer.
Freelancers depend a lot on the price they are offered for their creative work. But, not all of them can negotiate well with the clients and ace the art of pricing.
The major issue tormenting freelancers is that they do not know how to set the price of their services and get it as well. Even when you know that you have set the prices rightly, convincing your clients is not easy. They want to hire your services at a lower price for a variety of reasons.
The main reason freelancers continue to struggle with each client over the price issue, and still don't get what they deserve is the inexperience of freelancers in handling such clients. They are unaware of the client’s mentality and how to deal and convince them successfully into paying your value for services.
With a decent experience in the freelancer world, we have summarized a few tips on how to master the art of getting what you want (rates) or in this case the right rate for the value you are offering
Tip #1 - Don't rush to name your price
Listen to your clients' requirement. Talk back and forth and get a deeper picture of what he/she wants to achieve. That assures the client that you are getting the **attention **and the **interest **in what you are going to make. And it's not just that, it also gives you a more accurate estimate on either is it possible to achieve what the client wants. Be sure to accurately gauge what your client wants before you quote them a price. It is impossible to give a fair price without an idea of what the project will entail.
Tip #2 - Be confident in what you're asking for.
This is mostly a language issue. Rather than timidly saying "I'd like $500, is that okay?", be more assertive and say "$500 is what I charge for this service". If you can explain why your work is worth this much, that's a bonus! Even if you can break it down into time spent on particular parts of the project, that’s helpful.
Tip #3 - Be sure to set a deadline for the work to be submitted.
This sounds like a given but trust me, we all forget sometimes. It's also good to establish when the payment will be processed with the client.
Tip #4 - The worst thing you can do is to MILK YOUR CLIENT
This is a very important thing to note when negotiating, you should never milk your client for the money.
Most of the times, when someone is asking a service from someone, he does not know much about that field. Meaning, you can lie that you will do this and that and whatnot to achieve your goal, asking for additional milestones for the job you actually did not do. By not doing this, you are investing further in future clients' employment, which will make you more money than a couple of quick bucks.
Conclusion
There are lots of little things that can influence the end price for the project, The most obvious would be the reviews for the previous jobs that you have done, and how long are you doing what you do. It takes practice and approaching it with a cold rational head, because The more transparent you are, the better you get.
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