Pricing Strategy 2 – Project Based Pricing

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Hourly Rate = (Desired Income + Expenses) ÷ Number of Billable Hours per Year

For example, if you want to earn $60,000 per year and plan to work 1,000 billable hours, your hourly rate would be $60.

Pro Tip : Consider using a freelancer salary calculator to simplify the process. There are many tools available online that take into account location, experience level, and industry standards.

pricing strategy
What Is It:
Instead of hourly rates, project-based pricing involves setting a fixed oman whatsapp number database price for the entire project. This is great when you have a clear understanding of the scope, timeline, and deliverables up front.

When to Use:
Project-based pricing is best when the project has a well-defined scope, such as web design or logo creation projects, which are often priced this way.