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GENERAL – How to raise your rates?
Hey guys, hope all is well, this is more of a broader topic but related to compositing work. If you feel comfortable with this topic please chime in. Anyways, I feel that I have progressed rapidly over the last while with my compositing, editing, and graphic work. I work full time on a cartoon series, but make the bulk of my spendable money doing freelance work. I feel that I am more than fair with clients and produce quality work. In the new year I would like to raise my rates a little bit, and still feel the number I will be charging is a fair number. Anyone have any experience with telling your clients that you will be raising your rates, and a professional way to go about it.
Cheers
Jon -
2 Replies
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I would say generally you need to let them know that they will be getting something extra, or give a good reason why you have to raise your rates. Something like upgraded kit/software or perhaps tell them that the cost of what you do/competition’s rates has increased…if indeed that is the case, or you think you can reliably convince them that is the case.
Or you could just be honest and say that they have been getting a VERY good price upto now and you feel you must charge what is the going rate for someone of your experience and skill?
You can always lower your rates but it’s very hard to go the other way without demonstration a reason why. This is why it’s always important to get it right from the off. Or if you’re learning when you take these jobs then let them know there and then that you’ll be doing the work at a discounted rate as you are finding your feet, or that as new clients they will be getting a special rate for a fixed amount of time.
Good luck and hope you get what you want!
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Search on “rates” and “price” in the Business & Marketing forum. You will get a lot of great stuff to consider in that forum. It is exactly what that forum is there for.
Best regards,
Ron Lindeboom
creativecow.net
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