• How to Increase Your Freelancing Rates: Strategies and Justifications

  • Oct 7 2024
  • Length: 15 mins
  • Podcast

How to Increase Your Freelancing Rates: Strategies and Justifications

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  • Summary

  • In this episode of Coaching for Creatives hosted by Aura McKay from Business of Creativity, listeners learn essential strategies for raising their rates as photographers, graphic designers, and other creative freelancers.

    Aura outlines three key steps to communicate rate increases effectively to clients: giving advanced notice, being transparent, and offering a grace period.

    She also discusses five compelling reasons to justify rate hikes, including new skills, high demand, expanded scope, increased business costs, and years of experience with proven results.

    The episode aims to help creative freelancers confidently implement price adjustments while maintaining client relationships.

    00:00 Welcome and Introduction
    00:17 Why It's Time to Raise Your Rates
    01:08 Three Steps to Communicate Rate Increases
    01:49 Overcoming the Fear of Losing Clients
    02:59 Justifying Your Price Increase
    03:35 Advanced Notice Strategies
    05:32 Transparency and Value Communication
    06:35 Top Reasons to Raise Your Rates
    13:16 Effective Communication Methods
    14:46 Conclusion and Viewer Engagement

    Book a free call today: https://www.businessofcreativity.ca/advisor
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