Working By The Hour vs Fixed Income

Do you get paid by the hour or a set amount for completing a project?

Getting paid by the hour makes it easier on the home worker just starting out. This is because figuring out how much to charge for a project can be difficult.

Once you can figure out how much time it will take then you may want to consider charging by the project.

The only problem with a set price for the project is that the customer may change what they want after you already started. It is best to have a defined outcome with exact specifications before starting. Then adjust your price each time the customer changes what they want.

Be very detailed in your documentation. Fixed project pricing can have benefits, but so can hourly billing.

Michael