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When To Raise Your Prices As A Freelancer
One of the hardest parts of being a freelancer is knowing when to raise your prices. In a normal 9–5 job, you wait on the boss to give you a raise. Or, you muster up whatever courage you find and go in there and demand a raise. Ah, fun times. But what happens when you’re the person controlling your income?
It’s up to you. Therefore, you gotta give yourself a raise. But, when?
You can die little by little as your pay stays the same, or you can take a deep breath, mutter, “I’ve got this,” and raise your prices because you deserve it. The short answer is that there’s no “right” time to raise your prices. You get to decide. But, here’s a few tips that might help:
You Have Too Much Work
It’s always nice to have too much work that you’re denying clients, right? Well, yes and no. Freelancers tend to have this complex where we think we can do it all. Who’s gonna say no to money?
Problem is, that doesn’t get you too far. If you have too many clients wanting to do business with you, you’re probably great. Except, you’re also probably too cheap. If you’re denying people on a daily basis, it’s time to raise your prices.
