Are you a freelancer or consultant billing on an hourly basis?

Posted November 23, 2024 by Catherine Kaputa in Uncategorized / 0 Comments

You may be shortchanging yourself.

As we all know, AI is dramatically reducing the number of hours needed to complete projects for clients.

Savvy entrepreneurs, consultants and freelancers are taking action so they don’t come up short financially. They are finding that the standard billing arrangement based on an hourly rate penalizes them and benefits the client.

For example, using AI, a freelance copywriter or marketer can produce 50 variations of copy for an ad in a matter of minutes, a project that would have taken hours pre-AI. Then they can choose to edit or curate their work so it’s totally on point for the client’s situation.

See the problem. Why should you get so much less for completing a complex project? Most clients would balk if you increased your hourly rate.

That’s why smart solopreneurs are moving over to pricing that pays based on what they deliver – what the project is worth or measurable results.

In short, they get paid a project fee regardless of how long it takes a task to do. After all, it’s your talent that gives value as you curate each project.