What is Your Value? by arbitrarykitten

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· @arbitrarykitten · (edited)
$3.69
What is Your Value?

If you're a freelancer, (writer, web designer, artist, house painter) you know how long it takes you to complete tasks in your field. In other words, you know the general value of each task.

But do you know **your value**?
<p><div class="pull-left">https://files.steempeak.com/file/steempeak/arbitrarykitten/k5B9sJ0J-value.jpg</div>

When you work for yourself it's important to charge your client accurately.  But it's a finely tuned skill learning how to do so ***fairly***- for both parties.

How many times has a potential client asked you "what's your hourly rate?"

And when you answer, how often has the client told you that's too much? That their nephew only charges $75 to set up a website, or the last housepainter did the entire apartment in one weekend for $100 and free beers.

This is due to the fact that the value of work we freelancers perform cannot be summarized at an hourly rate.

As we gain experience we can do our jobs more efficiently in less time.  And if we price by the hour we would cheat ourselves out of money since we're taking less time to do the work.

By knowing your value you will correlate the price you charge with what you deliver, not by the number of hours it takes you to complete a project. 

Heres two examples with Daniel being a professional freelance copywriter:

1. He quotes the client $500 to write an article.
2. He quotes the client $500 to write an article that takes him two hours to write.

In both examples it takes two hours to write the article.  But in the second the work is downplayed as the client focuses on the time thing.  *Who would pay $500 for two hours of work?* ~ he's thinking as he reads the second one.

When it comes down to it, an experienced writer has the skills and knowledge to create gorgeous copy that has everything the client is wanting in just an hour or two.  The client receives the same work in both those examples, but in the first the price is connected with the result, where the second associates the price with the amount of time it takes to create the article.

<p><div class="pull-right">https://files.steempeak.com/file/steempeak/arbitrarykitten/y7uSKkyU-image.png</div>

The next time you're asked what you charge, attach cost to value instead of time by removing the element of time. 
 That way they know they are paying for your expertise and skill and knowledge that you will deliver something of value. 

### How to charge by value

Your client will never know how long a project takes, only you will ever know.  On top of that you will pad your schedule and use the **under-promise and over-deliver** strategy. 

**Break down tasks and deliverables separately**

If you're a writer, create a page that looks like this:**
About Me web page: $100
500 word article with little research on my part: $300
500 word article with much research: $400

If you're a house painter it might look similar to this:
Three small rooms, one coat same paint: $300
Two medium rooms different paint: $350
Three small rooms, accent paint trim: $400

Be sure you break each down to what is the final product delivered to the client, **not** how many hours it takes to complete.

### Add a timeline to each deliverable

Every project has a timeline.  Do not base your timeline on how long it will take you to complete the project, rather when you will turn it in complete to the client.
<br>
Figure out how long each project takes you

**and then triple it.**
<br>

If you know a 1500 word article about boring machines will take you a week of research to compile, triple it and promise it to the client in three weeks.

<p><div class="pull-left">https://files.steempeak.com/file/steempeak/arbitrarykitten/vodQSF8h-image.png</div>

Do this because things can always come up to delay the project.  **Life happens.**  Padding the time will ensure it's never late and your clients are always happy.

If you complete the project early sit on it until a day or two before the day you promised the client.

**Under-promise and over-deliver**

Laborers charge hourly, leaders charge by the value they deliver.

The value of your work is more than how many hours you log.  It's the collection of all you have learned, the effort you've put out training yourself to focus, research and produce, your unique creative approach and mastery of time management that adds up to great experience.
<br>
How do you price your work?  How will charging by value change your freelancing outcome?  Share in the comments below!
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@msp-creativebot ·
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@minnowsupport ·
<p>Congratulations!  This post has been upvoted from the communal account, @minnowsupport, by ArbitraryKitten from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, someguy123, neoxian, followbtcnews, and netuoso. The goal is to help Steemit grow by supporting Minnows.  Please find us at the <a href="https://discord.gg/HYj4yvw"> Peace, Abundance, and Liberty Network (PALnet) Discord Channel</a>.  It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.</p> <p>If you would like to delegate to the Minnow Support Project you can do so by clicking on the following links: <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=102530.639667%20VESTS">50SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=205303.639667%20VESTS">100SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=514303.639667%20VESTS">250SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=1025303.639667%20VESTS">500SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=2053030.639667%20VESTS">1000SP</a>, <a href="https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=minnowsupport&amp;vesting_shares=10253030.639667%20VESTS">5000SP</a>. <br><strong>Be sure to leave at least 50SP undelegated on your account.</strong></p>
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@wales ·
With so many willing to work for almost nothing these days it's hard to get more than cents for each article
👍  
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vote details (1)
@arbitrarykitten ·
Which is why you need to stun them with your talents and make them believe you are the only one for the job :) Covert persuasion...
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@steemitbloggers ·
<center>Congratulations @arbitrarykitten! This post was selected by the @steemitbloggers community as today's Member Boost Post :) It will also receive a complimentary upvote from @Appreciator throughout the course of the day!

You can find the community announcement on Discord :) and it has also been shared on our Steemit Bloggers [FB Page]( https://www.facebook.com/steemitbloggersint/) and [Twitter feed]( https://twitter.com/@steemitbloggers).

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@nickyhavey ·
$0.02
Great blog and absolutely agree with you here. I have read a few books on this but one that stands out (and this blog reminds me of) is the "Well-Fed Writer" by Peter Bowerman. He mentions about not ever mentioning hourly rate but rather the price of the project. There are loads of tips and tricks in there and Danny Marguiles is another one who has an online course about succeeding on Upwork. 

Thanks for sharing :)
👍  ,
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vote details (2)
@arbitrarykitten ·
That book is actually on my to-read list!
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@nickyhavey ·
Highly recommend it! Some gems in there

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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@kaerpediem ·
$0.02
> Under-promise and over-deliver

Yes, this was something we worked at during my radio days
And we used to drill this this into the sales team
It had its fair share of challenges because we were the underdogs
So, the sales team, would sometimes do the opposite 
Needless to say, the we had our fair share of dramas

Very good advise.
Know your worth :)
Thank you @arbitrarykitten :D
👍  
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@arbitrarykitten ·
Wonderful meeting you! 

And thanks for reading :)
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@fionasfavourites ·
$0.02
@arbitrarykitten this is such good advice.  For so long, having worked in government where all projects were time-bound - it's a crock because the job took as long as it took - I have to put this into practice.

This is my takeaway form your post:

Laborers charge hourly, leaders charge by the value they deliver.

Thank you!
👍  
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vote details (1)
@arbitrarykitten ·
Reminds me of the city workers who sit around doing nothing as they eat up the contract money...!
👍  
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@xcountytravelers ·
I am always confused as to how I am supposed to charge for my time.  This really helped out a lot.  Thank you.
Ren
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@arbitrarykitten ·
I'm so happy you found this helpful!
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@blanchy ·
$0.04
I was in Morocco recently and they have no price on their items. They ask you how much do you value and item in your mind. So if I am willing to pay 20 dollars for a scarf and another person is willing to pay 40 dollars. Then of course you haggle but I found the principle intriguing . How much is something worth to me. Sometimes I pay the big bucks to get the best and have peace of mind. The time and effort of something going wrong is more valuable than the difference
👍  
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@arbitrarykitten ·
What a fascinating concept!  This is the first time I've heard of this, but once you are aware of this it sure changes how you perceive things!
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@abhaya504 ·
$0.03
Excellent post! As a former freelancer turned full time service provider, this speaks to the core of the trading time for money paradigm which is the fastest way for one or both parties to get screwed. The better approach as you point out is to trade *value* for money!

#steemitbloggers 

Posted using [Partiko Android](https://steemit.com/@partiko-android)
👍  
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@arbitrarykitten · (edited)
Exactly- *trade value for money*!

Thank you!
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@appreciator ·
This post is sponsored by **@SteemitBloggers** in collaboration with @appreciator. Just keep up the good work.
<center>
https://steemitimages.com/DQmYhhQejEA2pV2iAoMDotLaAuxdvXgichD6ddXkbFJGfKy/steemitbloggers.gif
</center>
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@arbitrarykitten ·
Thanks!
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@rebeccabe ·
$0.03
Enjoyed your article.  
@arbitrarykitten it is good to see you returned to Steemit and now are in the group #steemitbloggers.
I missed you and thought you were setting up Ono.  
Everyone is busy with so many projects.  

I have been meaning to get back over to your site to say hello!
👍  
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@arbitrarykitten ·
Hey @rebeccabe great to see you!

You must be mistaking me with someone: I never was setting up ONO. However I have a couple projects myself, one of them is a game/book series I'm creating.

Everyone is so busy!  This time last year was so different.  But it's good to see everyone embracing something new that they believe in :)
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@rebeccabe ·
Okay.. sorry my bad as far as Ono, not sure who was doing that.
I do remember your stories/posts early on if it was you. lol 
I also remember seeing photos of you from SF2 if that was you.  You wear glasses sometimes. 
 and you did a post taking some time off.  

I would like to find who it was, darn.

Okay did you have a story about something that happened long ago about getting a divorce and take your children to camp for a place to stay?  That story really moved me. If not I am going to put on my tin hat today and remember who.  

@arbitrarykitten
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@blockurator ·
This is great advice. When I started doing this, I tripled my income.
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@arbitrarykitten ·
Awesome! Good to know!
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@sultnpapper ·
Interesting, very interesting in deed. I do some design work and I only will charge by the project, never by the hour. Most of the time it favors me but every once in a while I learn a little lesson on estimating the time for specialty stuff that takes longer than I anticipated.
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@steemflow ·
That is a great post to showcase not only the value of the work but also the value you put into it. ....you knpw while reading your i got a smile a bit. Just reminded me of my office work days. When my boss ask me to work on any project I happens to complete them and hand over to them ..however never get any appreciable words. But same task when performed by my colleague they make it look harder and took 2-3 days to complete making my boss belive they ate putting more effort and get more recognition......pretty corporate thing...which i failed to adapt.

Posted using [Partiko Android](https://steemit.com/@partiko-android)
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