Pricing Strategy 2 – Project Based Pricing
Posted: Tue Jan 21, 2025 3:52 am
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.
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.