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Your work is much more complex though, your rate should therefore be higher, I think, especially if this is your main job.
Would it make sense for you to switch to another billing model, like "per module" or does billing per hour work fine for you?
edit: Based in Germany
May I ask where you find clients?
Earlier quoted context omitted.
How do I get into your work?
Assuming you're looking for contract work in general and not specifically refrigerators, he sets a good example for how specialization gets you consistent work. Basically, find a niche industry (refrigerators, greenhouses, toy cars, whatever), find an audience, think about what they could use, and acquire the skills to give it to them. I used to be an actuary before I did software, I plan on going back to my old comp…
1/1000 of what I would accept as a yearly salary
This is really interesting. What's the reasoning? It turns out this is _very_ close to my own rate, by chance.
It used to be $225/hr. But I don’t have an hourly rate anymore and I basically never will. You need to understand that as a contractor clients value more than just your time and the work you do. They value flexibility in staffing, getting an outsider’s opinion, their own time, working with a true expert, and making progress on projects which they can show off to their boss. That’s why for all my work I scope project…
Hi, some people need health insurance for themselves and their family, a retirement plan, and predictable financial stability in their lives. > You are full of it. Anyone can do this. Your part to whole fallacy aside, in the real world, there are different constraints on people and family units other than trying to make the most amount of money all the time.
It may seem like contractor wages are greedy, but know that companies are willing to pay good money for domain expertise. Especially with all the friction of hiring a new full time employee.
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?
Would that not end up hurting your reputation after a while?
When I started freelancing, I only took multi month projects that paid thousands of dollars. I never had to discuss money with any of these clients.
A friend of mine focused on per hour contracts, in the hopes they would be ongoing. His clients constantly haggled.
It used to be $225/hr. But I don’t have an hourly rate anymore and I basically never will. You need to understand that as a contractor clients value more than just your time and the work you do. They value flexibility in staffing, getting an outsider’s opinion, their own time, working with a true expert, and making progress on projects which they can show off to their boss. That’s why for all my work I scope project…