Level-Up Your Freelance Game: Get Paid by the Project, Not by the Hour

Last week, I talked about how charging an hourly rate is a great way to start out in your freelance e-Learning career, particularly as you get to know your own work pace and abilities. When you’re first building your business, charging an hourly rate helps you make sure you get paid for all of the work you do, and helps your new clients minimize the risks associated with working with a new vendor (because if things don’t work out and they decide to move on, they’re only on the hook for the time you’ve already spent with them and not the entire project cost).

Eventually, however, charging an hourly rate can present new challenges, and sticking with an hourly rate model can hold you back from growing your business and making more money. As you progress with an hourly rate, you’re likely to run into tough questions like: