ClientSpot, a hosted project collaboration and time tracking site, today posted a timely article about pricing structures for freelancers and VAs. The article focuses on pros and cons of hourly vs. retainers, and mentions some interesting but less obvious possible outcomes of each approach:
Depending on your situation you will most likely use a combination of some hourly and some retainer billing. If you’re looking for more stability and predictability, you’ll want to focus on attracting clients who are comfortable with a retainer arrangement over time. For clients just starting out with you, hourly might be the way to go until trust is established.
Each approach can be accommodated with the ClientSpot system, and this is spotlighted in the article.
Good food for thought:
http://www.myclientspot.com/retainer-versus-hourly-billing/
5. January 2009 at 11:16 pm
Thanks for the very practical and easy to understand article on billing!