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 your price is 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.

Picture of Nicholas Robb

Nicholas Robb

Founder, Design Hero
Author of Life by Design

More questions and answers for solopreneurs

Want to ask a question about solopreneuring?

Somtimes I get asked stuff about how I run my life and business. If the answer has value to other people, I post it here.

If you have a question, submit it below and I’ll notify you if it’s published.

If I don’t know the answer I’ll ask someone who does.
I hope this is valuable to my audience.

Things people ask about 👉

  • Lifestyle business model
  • Running a solo business
  • Freelancing
  • Design
  • Branding
  • Sales
  • Lead generation
  • Conversion
  • Automation
  • Systems
  • Business policy
  • Mindset
  • Skills

Your contact details will be private. The answer to your Question will be public so other solopreneurs learn from it.