151–160 of 242 posts
I charge fixed prices only for project work.
For advisory retainers, I charge a flat rate per month.
All upfront (or 50% up front and 50% in X number of days).
Billing by the hour misaligns incentives.
(Obligatory link to Hourly Billing is Nuts: https://jonathanstark.com/hbin )
"I talk to a lot of consultants, freelancers, and small businesses who do web work, and I used to be a freelancer myself, so sometimes I get asked for advice on how to price one’s goods and services.
I think I came up with my best suggestion today, and it involves only two simple steps:
Slap the client in face.
Tell the client your hourly rate.
Earlier quoted context omitted.
I'm sorry for maybe being too frank but 35 eur/h is way too little. It's a bit below full time employment rates level even for Poland. You can get 40eur/h almost instantly anywhere. Some agencies are willing to pay up to 90eur/h for frontend devs as far as I've seen. It's much harder for backend development but 40-50eur is still easily obtainable. I'm looking right now and most offers come down to 40 eur/h for mid/se…
Full time devs in Poland get 6k€ pre-tax? The best offer I got last time I searched was 4k€ pre-tax for full time where I live (~50k/year).
Earlier quoted context omitted.
> your salary (backed out to hourly) Is there a standard rule of thumb for "hours worked in a year" at companies? Off the top of my head I come up with ~ 1700 for my last salaried job: 365 - 104 (weekends) - 32 (vacation) - 10 (holidays) - 5 (sick) = 214 days or 1712 hours @8/d. Also I think for "your salary" you should use your total compensation but maybe that's what you meant.
The standard rule is 2080 hours, it's 52 weeks * 40 hours. You might say, but what about vacation, and that's fair when talking about an employee-employer relationship but you're contracting. So your rate calculations have to include all your costs, including your vacation/sick days/etc.
If I understand you (and the other replies) correctly, the advice is to ignore the benefit value of PTO when estimating the hourly equivalent rate, then add it back in after the fact based on... something?
Is there a better formula than $TOTAL_COMP / $TIME_WORKED?
DS/ML Consulting $300 an hour Don't have much free time these days unfortunately to grow it out further.
The best advice I ever got about freelancing was to increase my rate for every job and keep on doing that until people refused to hire me. How else can you figure out what you're worth?
Doesn't sound like good advice. When the market drops suddenly, lots of the people on the top rates won't get any work due to demand. Could you drop them at that point? Possibly but not if your mortgage would become unaffordable. An alternative is to consider what lifestyle you think is fair for society and work it out from that. We don't all have to perpetuate the worst of capitalism that I should be paid whatever p…
This has nothing to do with your rate or the market but your inability to avoid crippling lifestyle creep.
My rate is 165 USD/hr, but I’ll drop it as low as 135 for a long contract (6 months+). I do custom software for the refrigeration industry (mostly simulations, sensor data logging, a lot of web apps, etc.). But yeah like another poster mentioned, I just raise it every time I work with a new customer. Imo hourly rates are kind of bogus because not every hour is the same and hours can’t determine value. Generally I neg…
The best advice I ever got about freelancing was to increase my rate for every job and keep on doing that until people refused to hire me. How else can you figure out what you're worth?
Doesn't sound like good advice. When the market drops suddenly, lots of the people on the top rates won't get any work due to demand. Could you drop them at that point? Possibly but not if your mortgage would become unaffordable. An alternative is to consider what lifestyle you think is fair for society and work it out from that. We don't all have to perpetuate the worst of capitalism that I should be paid whatever p…