You want this freelance job.
It's perfect for you - you have the talent to get it completed, to satisfy the customer, and to help them achieve the end result they're looking for.
But you also notice that you're competing with 10 or 20 other providers.
The price will certainly be taken into account by the project poster, and if you have a lower price than the other providers, you'll probably have a better chance of winning, so how low should you go? It Has to be Worth Your Time - No matter how perfect the job is, or even how easy it is, it has to be worth your time.
So put a value on that time to determine how low you can really go.
If the project is going to take three hours, what can do to ensure that you're making as much as you want to per hour? You also have to take into account Elance's 6% fee that comes out of the project pay.
Even though you want to submit lower proposals than the competition, it's important to make sure the project is going to be worth your time.
You Don't Want to Look Under Qualified - Many project posters are looking for someone who will do their project correctly at a low price.
However, by placing low proposals, you could give off the wrong impression.
Clients will have in mind that old adage, 'you get what you pay for.
' The last thing you want them to think is that your work is sub-par or not as good as someone who is submitting proposals that are higher than what you've agreed.
It's suggested that you submit proposals that are midway between the high providers and the low providers.
That way, you don't come off looking too cheap or too expensive.
Take Into Account Your Other Projects - If you're consistently submitting proposals that are low, you risk taking on too much work.
It's important that you take into account the other projects you've submitted proposals on.
What happens if you're suddenly faced with 10 projects that need to be completed within a week and you're simply not able to do it? You risk 10 different negative feedbacks simply because you've submitted proposals that are too low.
Consider each of the different points above before deciding what to charge on any given project.
Then, using that information, formulate a bid that is fair to you and the project poster.
It's perfect for you - you have the talent to get it completed, to satisfy the customer, and to help them achieve the end result they're looking for.
But you also notice that you're competing with 10 or 20 other providers.
The price will certainly be taken into account by the project poster, and if you have a lower price than the other providers, you'll probably have a better chance of winning, so how low should you go? It Has to be Worth Your Time - No matter how perfect the job is, or even how easy it is, it has to be worth your time.
So put a value on that time to determine how low you can really go.
If the project is going to take three hours, what can do to ensure that you're making as much as you want to per hour? You also have to take into account Elance's 6% fee that comes out of the project pay.
Even though you want to submit lower proposals than the competition, it's important to make sure the project is going to be worth your time.
You Don't Want to Look Under Qualified - Many project posters are looking for someone who will do their project correctly at a low price.
However, by placing low proposals, you could give off the wrong impression.
Clients will have in mind that old adage, 'you get what you pay for.
' The last thing you want them to think is that your work is sub-par or not as good as someone who is submitting proposals that are higher than what you've agreed.
It's suggested that you submit proposals that are midway between the high providers and the low providers.
That way, you don't come off looking too cheap or too expensive.
Take Into Account Your Other Projects - If you're consistently submitting proposals that are low, you risk taking on too much work.
It's important that you take into account the other projects you've submitted proposals on.
What happens if you're suddenly faced with 10 projects that need to be completed within a week and you're simply not able to do it? You risk 10 different negative feedbacks simply because you've submitted proposals that are too low.
Consider each of the different points above before deciding what to charge on any given project.
Then, using that information, formulate a bid that is fair to you and the project poster.
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