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Pricing project work after 7 years

FreelanceBusiness

Pricing is the hardest part of freelancing. Not because the math is hard — the math is fine. Because every conversation about price is also a conversation about value, and clients don't always know how to have that one.

After seven years and a few hundred quotes, here's how I think about it now.

Hourly is a trap (eventually)

Hourly rates are the right place to start. They're easy to quote, easy to track, easy to defend. For the first year or two of freelancing, just charge a fair hourly rate and ship.

The trap kicks in once you're efficient. A client gets the same outcome whether you spend 20 hours or 80 — but you make four times less if you're four times faster. You're punished for being good.

What I do now: fixed price, with scope guards

I quote a project price for a defined scope. Three things make this work:

  1. A written scope — what's in, what's out, what counts as "done". One page, plain English, signed.
  2. A change-request process — anything outside scope gets a separate quote. Not "billed extra" — quoted and accepted before I touch it.
  3. A rate for the gray zone — small unscoped tweaks during the build are charged hourly at a defined rate, capped per week.

The first two protect me from scope creep. The third protects the client from feeling nickel-and-dimed.

How I land on a number

Two anchors:

  • Outcome value. What does this work do for the client's business? A lead-capture funnel that doubles their conversion is worth more than the same code on a low-traffic info site.
  • Time + risk premium. Estimate the hours, add 30% buffer, multiply by a higher hourly rate than my usual. The premium pays for the risk of being wrong on the estimate.

The number I quote is roughly the higher of those two. Outcome value usually wins.

What I'd do differently

  • Walk away from sub-budget projects faster. Spending a week negotiating a too-small project costs me a real one.
  • Get the down payment up front, every time. No exceptions, no "we'll sort it after the first milestone." It filters out tire-kickers in 24 hours.
  • Quote in writing, with options. Three tiers — small, medium, with-everything — anchor the conversation around scope, not just price.

The thing nobody tells you

The clients who push hardest on price are almost always the ones you'll regret. The ones who say "yes, that's fair, when can you start" are the ones who'll refer you to three more good clients.

Charge enough that you're excited to do the work. The rest sorts itself out.

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