When You Should Raise Your Rates | EP 420

When You Should Raise Your Rates

1. This is a topic that comes up a lot this time of year 01:08
   • It’s the end of the year and many web designers start to think about raising their rates.
   • You’ve worked all year long building experience, learning new skills, and upping your web design game, so your rates should reflect that.
2. At the start of the year 01:47
   • Tim’s opinion on when you should raise your rates is that you should raise your rates at least once a year.
   • The start of the year is a great time to raise your rates.
   • Start thinking about it now and have a plan of action.
3. As you learn new skills  02:24
   • David’s opinion on when you should raise your rates is that you shouldn’t hesitate to raise your rates as you learn new skills at any point throughout the year.
   • If you are constantly improving, your rates should reflect that.
   • You have the flexibility to change your prices any time.
   • Raise your rates when you are confident and ready.
4. When you don’t need the work 03:44
   • You’ll be most confident when you aren’t desperate for work.
   • When you’re booked solid, increase your prices for new projects.
   • You have room to take the risk and ask for more money because you’ll be okay if that client can’t afford it.

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