Flat fee or hourly rate?
Out of context: Reply #19
- Started
- Last post
- 24 Responses
- Amicus0
I've been thinking about this a lot over the last couple of years. I've been so busy I haven't had much time to get freelance work, but that is something that I'm determined to change.
I think that one of the problems we have being valued as designers is that we only charge for our time and not the value of what we create. If I created a brand and advertising campaign that helps double a clients business in 6 months, isn't that worth a decent percentage of that increase in profits?
Obviously this isn't an easy road to go down for many reasons, but I think we'd get a lot more kudos from the business world if we as a profession started to act with a more business oriented mindset than a work for hire mindset.
This would probably work best to start with if you covered costs with a low hourly fee or a retainer and picked up most, or all, of your profits based on a profit sharing model.
Any thoughts out there?