How to Fix your Rates as a Freelancer

Setting your rates must be one of the most difficult aspects of freelancing. This may sound like a surprise to some people but it’s true.

A lot goes into setting the right freelance rates. It is not about setting a random rate for your service. It has a lot to do with what you have planned for your business, your budget and your mindset. If you’re not comfortable with your rates it may affect your performance and even your delivery. I know I start to get upset when I feel I have undercharged for a job.

 

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Most freelancers think that their rates must please their clients. That is why some freelancers find themselves under charging their clients, working extremely hard to make ends meet and then getting stressed out with all the workload.

In this article you will learn some handy tips and principles that will help you feel comfortable with your rates while getting the best value for your hard work.

Get your mindset in order

This is the most important stage when it comes to setting your rates. Most freelancers experience imposter syndrome and when they do, they feel like they do not deserve to charge a higher rate or a suitable rate because they believe that they are not “expert” enough.

You need to come to terms with the fact that the service that you are offering is something of value to your potential clients. They hire you because they want you to do something that they cannot do for themselves.  So, why shouldn’t you get paid well for your services?

Do not look down on your abilities. Even if you’re just a newbie, your time, creativity and dedication are valuable.

 

Assess how much you will need for the month

It is obvious that the amount of money you charge for your services must be enough to take care of all your living expenses, with extra left for savings and a few luxuries at least. Assessing how much you will need every month will give you a clear figure of what you need to work towards.

For example, let us say that you need £1000 a month and you want to work 5 days a week. This would mean that you should make at least £50 a day or £250 a week. You can then divide that among the number of projects you want to handle for the week.

 

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Test out different rates until you arrive at your sweet spot

Here is something you may not hear every day: your clients have more money than they want you to know. Most times freelancers do a lot of rationalizing. They think about the income level of their clients. They think about their client’s expenses. As a result, they start quoting a rate that is far too low for the work they will embark on.

At the early stages, feel free to experiment with your rates with different clients and observe how each client will respond.  The chances are that you will start noticing a trend. You will notice that you will have clients who will accept what you thought of as your “high rates”. After some time you will have a set of rates that will work perfectly for you.

 

Are you a freelancer or a self-employed person? How did you set your rates?

 

 

 

 

 

All About Matched Betting

I am proud to announce the fact that I am no longer a Matched Betting virgin. I have heard so much about this Matched Betting service, especially on social media. And I have been dying to find out more about it. Many bloggers claim they make thousands of pounds a month from Matched Betting, so as a serial onlineprenuer, I needed to see for myself. So I am glad I have finally had the opportunity to try it, thanks to the very useful Profit Accumulator website.

For those who have never heard of Matched Betting, it is a tax and risk free betting technique used by individuals to profit from the free bets and incentives offered by bookmakers. It is based on a mathematical equation rather than luck, which makes perfect sense.

While Profit Accumulator is a website that shows the best profitable offers available, and talk you through how to make your profit with the help of videos, very clear instructions, forums and articles. The Profit Accumulator website clearly explains how to win the bets.

 

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As a new customer, I had the opportunity to make use of the free trial membership on Profit Accumulator, and I made the most of it. I found the Profit Accumulator website so easy to navigate, it was very user-friendly, and the videos were very helpful. There were instructions and vidoes that explained every step in detail, and for a novice like me, that is exactly what I needed.

I also liked the fact that the free trial is a completely free subscription. I did not need to put down any card details, unlike some other “free subscriptions” that still insist on having your card details, even though it is free.

The Profit Accumulator website takes the complication out of matched betting because the website does all the ground work for you. All you literally have to do is watch the videos, follow the instructions (taking notes if you have to), and bet. It is that simple.

 

 

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There is also a dedicated support team available to all members online and via phone, six days a week, which is handy. The platinum members (they pay a subscription) get access to the private forums; a community of over 20,000 like-minded Matched Bettors, all working together with the same goal in mind – to make money.

Overall, I think this free service is worth trying if you are into things like this. And if you are not, you could use it to test the waters and discover what Matched Betting is all about, and see if you maybe into things like it. You have nothing to lose really.

What are your thoughts on this? Have you tried the Profit Accumulator website before?

Please sound off in the comments section below.

 

*Collaborative Post

 

 

 

The Beauty of Self Employment

There are still millions of people fighting hard to secure a 9-5 job, but there seems to be a more viable route that only a few are brave enough to take. Creating your own business is the most lucrative route and if you are deep thinker, you’ll see that it’s true.

 

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The reason why many people do not become self employed is because of the risks, challenges and downtimes one has to face before they can make enough to live on comfortably. They think that having a stable 9-5 is a safer way to make a living.

Those who think that way don’t realize that being employed can even be more risky than going self employed because you are putting the probability of you having a regular salary in the hands of others, rather than in your hands, if you look at it in a different way.

I know freelancing/self-employment is not for many people because it takes a lot of passion, perseverance, determination and hard work to sustain any business. Many can’t be bothered with all that and just settle for a regular job with a “guaranteed paycheck” and I understand that. But for those who are ready to take the self-employed or freelance route, here are some benefits you’ll get to experience.

  1. You get to determine your working hours

One of the first things you’ll experience from being self-employed is the large amount of time you’ll have to yourself. Unlike an office job, being self-employed gives you the opportunity to determine your working hours.

The more hours you put into your work, the more income you’ll receive. Since you’re more in control of your time, you get the opportunity to spend time with your family. Setting flexible working hours allows you to work, take part in family activities and enjoy precious moments.

  1. You can determine your level of income

At a 9-5 job you’re only entitled to a fixed salary which is your only source of income. Being self-employed gives you the opportunity to create multiple streams of income. For example, some probloggers have as many as 5-7 sources of income. They earn money from the ads placed on their blogs, sponsored posts, guest posts, product reviews, eBooks, they offer consultancy services, get hired to speak at events, and so on.

The more streams of income you create, the more money you’re able to earn. Freelancers make a good amount of money from passive income streams, so they make money even when they sleep. A wise man once said you an average wealthy person has at least 8 streams of income. How many streams of income do you have?

  1. You will know the true meaning of Freedom

This is something that working in an office will not give you. In a 9-5 you’re stuck within the 4 walls of an office. You have little freedom to work anywhere other than the office. When you’re self-employed you can work anywhere, anytime.

Thanks to the regular streams of income, you have the freedom to travel to different countries and are able to carry your business anywhere you are.

  1. You get to do what you love the most

The sad reality about a good number of employees is that they are working in a job that they hate. When you’re self-employed, you get the chance to build a business around something you love doing. You feel fulfilled with what you do and work no longer looks like work. Instead it’s loads of fun and you enjoy every minute of it.

 

Are you self-employed? How are you finding it?

 

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