A rate is not a price

A rate is not a price —even when it kinda feels like it.

For it to be payable, you need to multiply it by another variable. Might be hours, minutes, quantity, level of effort, impressions…

When you charge based on a rate, it’s based on inputs. And you usually have these (with some sort of precision) at the end of the project. If you want to give it ahead, you need to know exactly what the other variables are.

Basing what you charge on your inputs takes into the mix ONLY your side, not your customer’s.

Odds are, you are leaving money on the table. Or not closing because there’s always someone who can do (and give the same inputs) for cheaper.

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