Flat fee or hourly rate?
Out of context: Reply #7
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- fyoucher10
Fixed rate w/ specified # of rev's = no surprises for anyone.
You can also give different options for price based off of a schedule.Lowest rate = Longer timeframe to do project in.
(Being able to work part time on the project until completion)Normal rate = Just enough time to do project in.
(Working 8 hours a day during weekdays until it's done)Rush rate = Not enough time during normal hours
(When the client wants it fast. You need to work longer hours and possibly weekends)You need to find out what others are charging, what they're putting out, and then how you compare to them. Price competitively.
Hourly, if money isn't an issue and you just don't feel like coming up with numbers and bidding. There are usually always problems with hourly when working with lower budgets, either for you or the client. You can't foresee everything. Higher budgets / big ad agencies, not usually the case. Giving hourly estimates on things "helps", but then you're working a time sheet and you're responsible for not going over an imaginary budget. Why not just do a fixed price if you're going to do this. Also, be careful doing these "hourly estimates". Sometimes you might get folks coming to you just to get these estimates, just so they can compare it to other bids. Just give a price and when you can get it to them by, no need for the rest.