Loading…
28
Raising my rate by 50% felt insane but it actually worked
I was at a coffee shop last month and overheard two guys talking about freelance pricing. One said he doubled his rate and lost half his clients but made more money. I thought that was crazy talk. I had been charging $50 an hour for graphic design thinking I would price myself out of work. After hearing that I decided to try raising my rate to $75 just to see what happened. Lost two small clients who paid late anyway but gained three new ones who actually respect my time. Has anyone else tried a big rate jump and had it actually pay off?
3 comments
Log in to join the discussion
Log In3 Comments
sandragrant2mo ago
Think about what that rate jump says about your confidence to clients too.
9
flores.mark1mo ago
Doesn't that kind of rate change just make clients wonder what you were charging before? It feels like a trust issue more than a money thing to me. I get what @logan271 is saying about $75 being low for the work, but the jump itself can spook people. A big hike all at once makes them question if you were underselling yourself the whole time. It's a tough spot to be in for sure.
4