2 Tactics to Determine your Service Pricing

Freelancing in Gig Economy

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Course Modules

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Module 1	Freelancing in Gig Economy
Unit 1	Freelancing in Gig Economy PreTest
Unit 2	3 Important Keys you should Know about the Gig Economy
Unit 3	3 Questions that will Help you Determine your Craft
Unit 4	3 Initial Steps to Build a Strong Portfolio
Unit 5	3 Freelancing Habits that are Critical to Success
Unit 6	2 Tactics to Determine your Service Pricing
Unit 7	5 Steps to Acquiring and Maintaining Clientele
Unit 8	5 Keys to Creating a Strong Upwork Profile
Unit 9	4 Financial Moves that you Should make to Stay Ahead
Unit 10	Freelancing in Gig Economy PostTest

Unit Video

Unit Summary

2 tactics to determine your service pricing

Understand what your competition is charging
Use your cost to control how many customers you’re serving

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I can determine the average cost of the services of someone in my industry by:

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Hi. In this video, we will look at 2 tactics to determine your pricing. Determining pricing can be very confusing. In the beginning, you may have to start at a lower cost in order to attract more opportunities to prove yourself. Here are the 2 tactics to determine your pricing:

Understand what the competition charges
- Understanding what your competitors charge will show you the appropriate amounts that you can ask for to attract clientele. You may have to start off charging less than your competitors in order to build your reputation.
Use your cost to control how many customers you are serving
- In time, you will find that your prices are causing you to accumulate more customers than you can handle. At this point, you will see that a price increase is necessary in order to adjust the number of customers that are approaching you for your services.

These tactics will allow you to play with your pricing to build a reputation and to control the number of customers that you are attracting. Adjusting your rates based on your competition is also critical based on where you are in your freelancing career. Adjusting your rates according to demand will help you to create a flow of customers that you can handle.