When you’re looking to make money online, there are a lot of resources to help you. Whether you’re a marketer looking for ways to outsource some of your skilled or admin work or a person looking to get into some sort of an online freelancing career, this article can help you set prices that can help you get work, get the job done and do so for realistic and fair pricing.
Whether you’re a freelance copywriter, a web designer or want to do virtual assistant work or do data entry from home, you can benefit from learning how to set pricing.
When you are trying to improve your business by outsourcing, you want to know how to spot a great virtual resource and how to keep them as well as how much you can expect to pay.
This article looks at both sides of the fence.
For freelancers, pricing varies depending on many factors including:
• The type of freelance or virtual assistant work
• The skills required
• The location of the freelancer.
For those looking to hire service providers, you need to realize that the lowest priced provider isn’t necessarily the best choice and neither is the highest paid provider either. There are many factors to consider and many online resources to help you find talent for fair pricing.
Bidding sites like eLance and RentACoder can help freelancers find work and online marketers list their projects and look at potential applicants in one place. Systems like these can help you find the right skills for a project as well as list your skills for hire. Many sites set up sites in an auction like environment and will charge a fee for helping put service providers and online bosses together. It doesn’t take long to figure out what prices should be based on the work. You’ll find your happy medium with a bit of investigation.
Here are some tips for setting some pricing for your projects or for yourself.
Freelancers
Look at the other providers you’re competing with to see if your rates are in the average. Various providers will have different rates depending on their expertise levels, their place of residence and the cost of living as well as their idea of a fair wage for services performed.
If you’re new to your business or delving into a new market, you might also choose to start off at a low rate on bidding sites so you can build your reputation and get some happy customers under your belt. Once you have built up a customer base you can start bidding at higher rates. Don’t sell yourself too short though. Find out what industry averages are so you aren’t giving too much away for free and hurting others in your profession by driving the pricing down.
Business Owners
Look at bidding sites to find providers with a good level of experience and expertise. You might also choose to deal with entry level people in the line of work to save money but be prepared for more hand holding and potential for trial and error this way.
Whether you’re looking to hire or to be hired, there are many ways to make decent income money online. Use some of the many resources and the experience of others who have walked a mile in your shoes to help you find the shortcuts to success.
By Matthew Bredel
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