🔥 What Your Rates Say About You

Pricing speaks volumes...do you like what it's saying? [View & share this email from your browser]( What's up? Happy Thursday. They say a good first impression can change everything. But have you ever wondered what impression you're giving potential clients when sharing your rates? If you bid lower than everyone else, that says one thing. To high, and that sends a different message. So what should you do? For starters, read this: [What Your Freelance Rates Really Say About You]( And if you're ready for more, we've got you covered. In this email: • 6 Pricing mistakes to avoid [[LINK]( • How to set rates in order to grow [[LINK]( • 8 examples of rate cards [[LINK]( Preston & the Millo Team 6 Pricing Mistakes to Avoid When it comes to pricing your freelance work, there are lots of ways to do it. Some good, some...not so good. Here are 6 common pricing mistakes we've seen freelancers make: Insisting on the lowest rates: Lowering prices as a beginner may harm your long-term reputation and value perception, potentially leading to loss of loyal clients. Lack of a concrete MAR: Failing to define a Minimum Acceptable Rate (MAR) can result in financial struggles and the need to reject projects that don't meet your budget requirements. Comparing your prices with other freelance pricing: Comparing prices with others undermines professionalism and doesn't accurately reflect your unique expertise and experience. Not considering the impact of important factors: Ignoring external factors like the economy can lead to client dissatisfaction and loss of business. Adapting to changing circumstances with discounts or special offers can maintain client relationships. Not offering different options: Providing varied project options demonstrates professionalism and gives clients the flexibility to choose based on their needs, encouraging more projects. Not searching for the available range of prices: Failing to connect with freelance communities and industry peers can result in undercharging or inability to increase rates. Staying informed about pricing trends ensures fair compensation and growth opportunities. You can dive deeper on each one of these here: [Freelance Pricing Guide: Strategies, Tactics & Mistakes to Avoid]( [Workshops with Moxie]( We love getting into what makes the most successful freelancers tick. Look forward to our super practical session on [creating passive income]( with Preston Lee. "It’s not about charging what you’re worth; it’s about charging what your service is worth, and finding clients who agree." – Brennan Dunn Double Your Freelancing & [This is Personal]( How to set rates in order to grow Sometimes setting rates that will actually cause your business to grow can be a real head-scratcher. What many freelancers learn the hard way is you can't simply charge what you were making at your day job and expect to make ends meet. You have to consider taxes, savings, overhead, and lots more. Way more than you can calculate in your head. That's why we built [The Ultimate Freelance Rate Calculator](. Give it a try. [Bloom]( - The top creatives & freelancers use Bloom to manage their clients. Give your clients a premium experience from start to finish. [Start a Free Trial.]( 8 Examples of Rate Cards A [rate card]( is "a document or a list that outlines the prices or rates charged by a freelancer for their services ... providing transparency and clarity regarding the freelancer’s pricing structure." If you don't have a rate card, it's time you get one. For that, start with a little inspiration from this article: [How to Create a Freelance Rate Card (8 Examples for Inspiration)]( Action Items: - Review [this article]( to determine what kind of rates you should set in order to attract the right clients. - Use [this calculator]( to set rates that actually make sense. - Create your rate card using [this article]( as a guide You've got this! Whew! If you made it this far—thanks for sticking with us. See you in next week’s issue of 🔥 Freelance Fire. [Twitter]( [Facebook]( [Website]( [YouTube]( [LinkedIn]( Copyright © 2023 Millo, All rights reserved. You subscribed to this newsletter at Millo.co (previously GraphicDesignBlender.com). Thanks for subscribing. Our mailing address is: Millo 265 N Main Street Ste. D #229Kaysville, UT 84037 [Add us to your address book]( Want to change how you receive these emails? You can [update your preferences]( or [unsubscribe from this list](.