Pricing Strategies for Services That Work

Pricing Strategies for Services

Providing an estimation or a price quote for a creative work is one of the difficult task every freelancer faces. Whether you are working as graphic designer, web designer or freelancer writer, there are many factors can affect your prices and make the job of quoting a client more tricky, high price quotes may lead to lose the project and low price quote can makes the client questions your skills and not have no trust to work with you.

Here are some pricing strategies for services tips that can help you to estimate your creative work

Know your client budget

Knowing the budget of your client is one of the important things that can affect your quote. You need to know before quoting your clients how much they are planning to spend. If the client’s budget is too low for you then you can save time creating the quote and reject the job; and if the budget is acceptable to you then you can move to the next step and start gathering more information about the job.

In some cases, your client may refuse to give any hint about their budget. In this case you will quote your clients depending on the other tips below.

Get all the details about the job

Try to gather as much information as you can about the job from your client, this will help you to estimate the time you need to do the job, also gathering the information about the job can help you to compare it to previous job and know how much time you previously spent.

Turn to your project management software

Although every creative job is different from each other, you can have a look at the pervious works or projects.Your project management tool or software is the best place to preview all your old projects and know which tasks you spend most of the time on it.

Know what the others are doing

Know what other freelancers or agencies in your area are charging, this will help you to have an acceptable rate for hourly basis or project basis, so you quote or estimate will be in the range of your area.

I hope these tips can help you in providing estimation or quotation to your clients.