Work for millionaires?
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- doggydoggdog
Example: you're freelancing for someone who's main client is quite wealthy, like $60 million wealthy.
Do you feel bad if you're just getting your standard pay? I don't know if my boss is making any great amount and I didn't know who the client was at first, but now I just feel like I should get 10 times more just because.
- microkorg0
You'll find that the richer business people are, the more tight they are with their money - and that's how the probably became and remain millionaires.
- GeorgesIV0
aaaah the ol' saying,
"you don't get rich spending money"
- doggydoggdog0
^ Didn't say it was justified.
- doesnotexist0
only if you're the boss does that logic stand on its legs
you work for your boss, not for the million dollar guy
you get paid accordingly
- CygnusZero40
Zuckerburg would hang himself if he only had 60 mil.
- formed0
A client is a client. Unfortunately, you can't charge based on their car (and really, for all you know, they lost their house, business, etc.).
If I charged based on what my client's networth was I would have been rich long ago.
It does, however, make you realize that you truly need money to make money. That's the lesson at the end of the day. Suck it up and try to learn something is about all you can do (and get paid your rate).
- moldero0
they didn't become rich by giving their money away
- randommail0
Rich people stay rich by being cheap.
Also, they are constantly paranoid that people are trying to overcharge them for everything. So don't.
In fact, it is not enough to simply assure them that you are charging a fair market rate. You need to give them the idea that you are providing quality service for a bargain price. If they indeed built their own wealth, then it's this mantra that they live by and will always seek in business relationships. Do this, and you may have ongoing, repeat business. Until someone else is cheaper.
Working with the wealthy is never good. Unless they deem you as already wealthy.
- vaxorcist0
I'd really not generalize,could be anything...
... in my experience, one really wealthy guy I once worked for drove a 90's toyota tercel and wore sweatpants all the time,owned a lot of businesses... and he was the nicest guy in the world, and would always pay me in advance. He also was very precise in what he wanted, and was always willing to answer business-advice questions from having done those things himself.. too bad he moved far away.
I once had the opposite experience, where a different wealthy client had endless time to ask for revisions but never wanted to pay for them... and he was very "I'll know it when i see it" ...
I learned how to prequalify better.... ask more questions up front... and be non-judgemental till you have a reason.... or maybe a strong gut feeling, but sometimes a wealthy mentor can give you great advice....
- randommail0
and by the way, there's a giant difference between old money and new money.
- colin_s0
did a freelance gig somewhat recently with a multi-millionaire.
drawing up a contract to even have a kill fee / copyrights became a huge issue and he probably ended up paying his lawyer to haggle with me over the contract more than he ended up paying me.
so yeah. what's been said is pretty accurate.
- dMullins0
I currently work (directly) for a fair-ish market value salary for a guy who is literally worth over $800m. Instead of losing my cool about it every day, I try to take advantage of being around a guy who is incredibly smart and business savvy. The perks of the job.
- randommail0
I have a client whose owner has a net worth of over $500milion.
I've only been able to charge them $70/hr.I also freelance for a small agency whose CEO probably makes only $250K a year. I am able to charge them $200/hr.
Go figure.
- formed0
rm - how do you determine you are "able" to charge them xxx? Do you ask? Seems strange to me.
- cbass990
I remember doing a freelance gig for a guy who wanted a brochure designed for some event he was having. I charged him $700 and when I invoiced him, he said, "why don't we make it $1200?"
I thought that was pretty cool. Not sure how rich he was but..
- omg0
You can gnaw on that bone for more meat, but in the end you will still be his dog.
- pinkfloyd0
"I just feel like I should get 10 times more just because"
Next time do your research on the client if you can beforehand and charge a rate that's more phat.