How to quote your clients in a Freelancing Project?

by Truelancer

Becoming a freelancer means working independently. The concept of ‘self-employed’ is growing day by day throughout the world. The reason behind this is nothing but the freedom that freelancing jobs offer. There is no fixed working schedule – no fixed salary. Work, as per your convenience and earn as much as you can. This is why freelance jobs in India are mushrooming of late. Career as a freelancer is definitely lucrative, but to sustain in this industry, you have to be strategic with your approaches. You must be a professional otherwise you will acquire negative remarks from clients due to your casual and non-professional approaches. You have to update your working skills continuously, and above all you have to learn the art of bidding freelancing projects.

Freelancers provide services to clients, as per their clients’ requirements. Such services do not come with any specific price tags. Different freelancers offer different quotes for their services to the clients. While bidding or quoting clients for freelancing projects, you have to keep a few things in mind. Here are those crucial things that freelancers should take a note, while presenting bids or price for their clients:

  1. Take a Note of Competition

Today freelancing is a popular sector, where job opportunities are plenty. Hence, it is not surprising to find that presently there is huge competition amongst the qualified Indian freelancers. Professional freelance sites in India have thousands of active users, bidding for various projects. Thus, to clinch a job, you have to be strategic with your project bids. You should keep the fact in mind that employers want to hire freelancers for cost-effectiveness. They seek low budget services. So, you must be ready to serve low budget services, if required. However, do not make your budget too low – just keep your price competitive.

  1. Take a Count on Your Experience
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Experience is considered as the most important asset of a freelancer. When software companies in India look for freelancers, they judge the bidder on various aspects or parameters. One of the crucial parameters is the experience of the freelancer. If you have low experience, no one would rely upon you on a high cost project. On the other hand, if you have bagged significant experience to display, you will surely be hired as a reliable service provider by freelancing companies. So, the better your experience would be, the higher your project bid should be.

  1. Price by Service or Price by Hour

This is an important question that freelancers often ask – should they go for projects price by hour or price by services? Well, price by services is always a better and viable option. Though, in case of long term projects or contracts, price by hour can prove to be better choice. So, think well, understand your profitability before deciding project payment mode.

  1. Set Price according to Goals of Clients

Price should be set according to the goals of clients. For example, certain Indian web development companies offer bulk freelancing work, but with short deadline. As the deadline is short, you should go for higher price for such projects than other projects. So, understand the goals and requirements of your clients, before placing your bids for the projects.

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