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The Complete Idiot's Guide to Elance by Karen Lacey

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Pricing Your Services

This is a sticky issue and has as many answers as there are freelancers. The fact is you must place a monetary value on your services that the market will bear. The good news is, as you gain experience and good feedback, the market will bear higher and higher fees—to a point.

In the Beginning

As you begin your freelancing journey and before you’ve built up self-advertising in the form of high ratings and feedback, you will have less power over your pricing. It’s a fact. It’s not beautiful, but it is temporary. This doesn’t mean you need to be taken advantage of and work for peanuts. It means you’ll make more money as you gain experience.

Initially, you need to base your pricing on what you see other contractors bidding, ...

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