Signs It’s Time to Raise Your Freelance Rates – Social Kreator

Signs It’s Time to Raise Your Freelance Rates – Social Kreator

You can choose when to raise your pay as a freelancer.

However, increasing your freelance rates can be intimidating.

You work hard to keep your clients happy and risk losing them if you unexpectedly raise your freelance rates.

As employees, we have the ability to delegate the value of our work to others.

Every year, we await our annual review, which may result in a promotion and a pay raise.

We can work our buttocks off, but getting a raise is still in the hands of our bosses.

As self-employed individuals, we determine the worth of our services. It’s frightening and vulnerable because our potential clients may reject our worth.

To avoid this rejection, we frequently undervalue our services or keep our rates stagnant. We are safe.

In this post, we’ll discuss when you should raise your rates as a freelance proofreader and how to do so effectively.

 

 

1. Everyone else in your industry charges a higher price

This one is very close to my heart because I charged HALF of my industry’s standard for 6 years.

I had no idea what the industry standard was.

To be honest, don’t be like me. It is not acceptable to undercut others in your industry.

If your industry’s newbie rate is $100/hr, don’t charge $50/hr. Charge the lowest end of the pay scale if you have the skills required to be considered in your industry.

 

2. Your customers aren’t fully committed

When I was undervaluing myself, one of my biggest frustrations was the lack of clients who were fully committed to their investment in me.

It’s easy to believe that the ‘customer is always right’ and maintain a working relationship despite communication and payment issues.

But keep in mind that the ‘customer is not always right for you.’

 

3. You’re charging for time rather than results

When working for someone else, being paid by the hour is standard, but for those of us who run our own businesses,

it doesn’t make sense to offer the majority of our services on a pay-for-time basis.

What about the work you do to keep your business running when you’re not working with clients?

 

4. You’ve never raised your rate before

Maybe you got your pricing right a long time ago, but you’re afraid of losing your customers if you raise your prices.

Allow yourself to be bold and receive the compensation you deserve. If you’re worried about losing a long-term client, trust your abilities and know that if they value what you do, they’ll adjust to your new pricing.

You could always inform them of the pricing change ahead of time so that they have a grace period before deciding whether or not to proceed at the new rate.

 

5. You’ve started putting things off

Projects that were once difficult now appear to be simple.

You put them off because they don’t require any effort from you and you don’t seem to enjoy them as much as you used to.

It’s time to acknowledge that your experience and expertise have grown if you’ve started saying things like “I could do this in my sleep.”

And, of course, start charging more for it.

 

6. When you’re kind of a big deal

If you’ve recently completed a degree or are having your work displayed in a high-end venue, it’s time to rethink your pricing.

Have you recently completed a project for a high-profile client?

Put their logo on your resume right away, and if you’re satisfied with your work, ask them for a LinkedIn review.

Working with a well-known company raises the perceived value of your work, and their glowing recommendation could be the factor that puts you ahead of the competition for your next big opportunity.

 

What is preventing you from increasing your rate? What do you need to do to get past this roadblock?

5 Popular Reasons to Become a Freelancer

5 Popular Reasons to Become a Freelancer

Freelancing has become a popular career path for many today.

It allows you to set your own hours, work with a variety of clients and get the compensation you deserve.

However, if you’re thinking of jumping into the world of freelancing, there are a few things you should consider first.

In today’s economy, the ability to work for multiple employers is advantageous for building a portfolio and earning a higher income.

However, many people are hesitant to try freelancing because of the lack of job security.

Freelancing allows you to control your own schedule and work as much or as little as you want.

You also get to work with a variety of people and industries, which can expand your professional network and give you a better perspective on the job market.

I never imagined turning my side hustle into a full career, but here I am.

After a few failed attempts, I turned my passion for social media and content writing into a career.

There are literally thousands of reasons to become a freelancer.

Still not sure if working as a freelancer is for you? Here are a few possible reasons:

 

1. No one is your boss

You become the master of your own ship when you freelance.

There are multiple reasons why people choose freelancing over other full-time jobs. One of them is that it allows you to showcase your own unique style.

You can also use your own methods and approaches. There is no obligation to submit to anyone’s authority.

You are your own boss, and you work to your specifications. You have complete control over the type of work you do and the websites for which you work.

Your schedule is somewhat flexible. In your work, you have a lot of leeway and flexibility. It helps you in deciding your own strategies and tactics based on the type of work you receive.

 

2. Working hours are flexible

Employees’ work schedules and timings are very important.

Employees in many companies are unhappy with their work schedules. Motivation and enthusiasm for work are declining.

As you can see, you do require some flexibility in your work schedules and timings. You will be frustrated if no solutions are found after negotiations with employers.

In such situations, you will naturally seek out better alternatives and greener pastures. You simply decide when you want to work and then plan your schedule around that.

Your work schedule has more freedom and flexibility.

 

3. Freedom to work from anywhere

It’s just you and your laptop against the world when you’re freelancing.

This is your office space, and you can take it with you wherever you go.

You won’t have to stress about getting to work on time.

There’s no rush as a freelancer because all you have to do is get from your bed to your work desk!

You can work from a local coffee shop, a dedicated flexible office space that you can scale up or down based on your needs, or even travel to another country.

A freelance career is a great way to support a nomadic lifestyle if you enjoy traveling.

Source

4. You choose the clients you work with

Do something you’re enthusiastic about. Write the stories you want to tell, not the ones you’ve been told.

Choose clients and brands that share your core values. Your life becomes more fulfilling, and you begin to take pride in what you do.

People who annoy freelancers and entrepreneurs are not required to work with them. They have complete control over who they work with.

5. Work-life balance

We all have a life outside of work, but a 9-5 job limits it to evenings and weekends. However, with a freelance career, you can work around your family and social obligations.

You can now jog or go to the gym whenever you want. You have more time to prepare healthier food and refrain from eating at odd hours.

After all, you quit your job to have more personal time, not to work longer hours.

The Take-Away

There are dozens of reasons to work as a freelancer or entrepreneur, and the list above is only a small portion of them.

Nonetheless, it contains the most widely accepted reasons. Take your time to think about which one appeals to you the most.