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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