Real questions from real freelancers

"How does hourly pricing punish you?"

"Why hourly pricing punishes you" - 6 figure Freelancing Q&As

In a lifestyle business, as a solo business, you only have a certain number of hours in a day.
And if you are working on an hourly based pricing, there’s a very low ceiling to how much money you can make in the number of hours of the day you have.
You can only put your hourly rate up so much.
Or work more hours is the other option, which no one wants to do.
So really, I would encourage you to move to what’s called value-based pricing.

This means you work out your prices based on the value that you deliver, instead of the hours you work on it,
which means that your price is different depending on every client.

Asked by

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Anon

Freelancer

Answered by

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Nicholas Robb

Founder, Design Hero
Author of Life by Design

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