Freelancers: should you be charging more for your work?

Times are tough. But you should still consider raising your prices.

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Is it time to raise your prices?

The world is on fire. Businesses are closing all around us. This might feel like the worst time ever to be asking this question. I’d argue that it’s also a good reason to consider it.

We’re all feeling the fear right now. These are tough times. Most freelancers are terrified that they’ll ask for too much and lose the job.

But here’s the problem.

If you ask for too little, you’ll end up closing down your business, looking for a full-time job, or toiling all hours and seething with resentment while still struggling to pay the bills.

Which isn’t serving anyone. Not your clients, your customers, your audience. And certainly not you.

Some signs that it might be time to charge more:

• Your overheads have risen and you’re no longer sure you even break even on some of the art, goods or services you offer.
• The cost of living has soared, but you are still charging the same fees you were five years ago.
• You’re resenting the…