I understand inflation wise you lose every money on invoicing. But the way i see it, desperate tech workers will try snagging jobs on the cheap, so decreasing my rate by 25% or so is a good way of hedging against predatory libs. Right now i charge around 100$/hr or so, and was thinking decreasing to around 65
No dont do it. If your work is worth it. They will pay.
My main concern is all the doom and gloom out there makes me think i should offer some incentive to the customer to be able to justify the high price. I have zero confidence my skills in and off themselves are honestly worth that much, especially given that everyone is firing right now causing a huge uptick in supply
Nope. If you are good at what you do? No one is wanting to hire new unknown staff
I'm a salesperson, please take my advice and do not accept less for your work. What you need to do is sell the value and quality of your work. When customers question the price, we tell them that we don't guarantee the lowest price, but the best service, and they always pay. Customers will bluff, but you stand your ground! If you need any sales tips/help let me know.
IDK what line of work you do. Im a field tech, my boss doesnt even take anything less than $100/h. And they are begging us to help. Nope aint worth our time. If the pay isnt there.
However we have made a name for our selves, and now customers come looking for us.
I work in custom software development (own a company). We increase rates, no issues with customers. They'll pay, it's hard to find good coders.
The general way I was taught to adjust pricing is that if you have maxed out your possible output, you need to raise output (hiring) or raise prices. If you are freelancing, you cannot raise your output, only your prices. If you REGULARLY don't have enough work, then you need to lower your price (while keeping in mind that there are fat months and skinny months, and that there is always some seasonality to work IE companies looking to make costs towards the end of the year to reduce tax burdon)
Don't. Just ask your customer if they really want to save $5 hiring the guy Twitter couldn't find a use for.
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