<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
		>
<channel>
	<title>Comments on: Wrong Reasons to Cut Your Fee</title>
	<atom:link href="http://thewealthyfreelancer.com/2008/12/wrong-reasons-to-cut-your-fee/feed/" rel="self" type="application/rss+xml" />
	<link>http://thewealthyfreelancer.com/2008/12/wrong-reasons-to-cut-your-fee/</link>
	<description>It's Your Freelance Career - Make it Rich!</description>
	<lastBuildDate>Tue, 31 Aug 2010 17:48:48 +0000</lastBuildDate>
	<generator>http://wordpress.org/?v=2.9.1</generator>
	<sy:updatePeriod>hourly</sy:updatePeriod>
	<sy:updateFrequency>1</sy:updateFrequency>
		<item>
		<title>By: Ed Gandia, Editor</title>
		<link>http://thewealthyfreelancer.com/2008/12/wrong-reasons-to-cut-your-fee/comment-page-1/#comment-364</link>
		<dc:creator>Ed Gandia, Editor</dc:creator>
		<pubDate>Wed, 17 Dec 2008 03:40:06 +0000</pubDate>
		<guid isPermaLink="false">http://thewealthyfreelancer.com/?p=269#comment-364</guid>
		<description>You bet, Holly! Good luck tomorrow. Let them do most of the talking. Try to really understand what (if any) concerns they might have. Say less than you normally would. And if you can&#039;t think of a good solution while you&#039;re there, tell them you need to think about options and get back to them. If you have to, sleep on it.

You&#039;ll do just fine. Most of the time, these things never turn into the messy discussion (or unconfortable discussion) that we expect or imagine.</description>
		<content:encoded><![CDATA[<p>You bet, Holly! Good luck tomorrow. Let them do most of the talking. Try to really understand what (if any) concerns they might have. Say less than you normally would. And if you can&#8217;t think of a good solution while you&#8217;re there, tell them you need to think about options and get back to them. If you have to, sleep on it.</p>
<p>You&#8217;ll do just fine. Most of the time, these things never turn into the messy discussion (or unconfortable discussion) that we expect or imagine.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Holly Bowne</title>
		<link>http://thewealthyfreelancer.com/2008/12/wrong-reasons-to-cut-your-fee/comment-page-1/#comment-362</link>
		<dc:creator>Holly Bowne</dc:creator>
		<pubDate>Wed, 17 Dec 2008 02:41:21 +0000</pubDate>
		<guid isPermaLink="false">http://thewealthyfreelancer.com/?p=269#comment-362</guid>
		<description>Thanks, Ed.  That is all really helpful information.  I&#039;m meeting my new client tomorrow and I&#039;m dreading the discussion.  But I really appreciate your comments here because at least now I have an idea of what I can say when the topic comes up.  Wish me luck!</description>
		<content:encoded><![CDATA[<p>Thanks, Ed.  That is all really helpful information.  I&#8217;m meeting my new client tomorrow and I&#8217;m dreading the discussion.  But I really appreciate your comments here because at least now I have an idea of what I can say when the topic comes up.  Wish me luck!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Ed Gandia, Editor</title>
		<link>http://thewealthyfreelancer.com/2008/12/wrong-reasons-to-cut-your-fee/comment-page-1/#comment-361</link>
		<dc:creator>Ed Gandia, Editor</dc:creator>
		<pubDate>Wed, 17 Dec 2008 02:36:31 +0000</pubDate>
		<guid isPermaLink="false">http://thewealthyfreelancer.com/?p=269#comment-361</guid>
		<description>I&#039;m loving this discussion! Keep it up as long as you want -- no need to apologize, Holly. ;-)

Holly - sounds like they might have a bit of a sticker shock. But at least they trust and value you enough to proceed with this first project. If they bring up fees in this next call, don&#039;t worry. Just be prepared to address the issue. Many different ways to approach that, including talking about the value you bring to the table, the fact that your fees fall well within the range of professional-level copywriting, etc.

I almost never discount a fee once I quote it. Instead, if I find that the client really wants to haggle for some reason, I offer to give him/her additional value for the fee. Maybe a copy review on a sales letter, email or landing page. Or maybe short email promo copy for the case study they want me to write. In other words, something that has high perceived value but won&#039;t take me more than 2 or 3 hours to complete.

If that doesn&#039;t fly and a price cut is the only way they want to go, I do a give-and-take, where I&#039;ll ask for something in return for a small discount -- might be better terms, a larger deposit, another deliverable added to the project...you get my drift.

This approach not only trains the client to stop asking for discounts or lower fees...it also makes everyone in the negotiation feel like a winner -- like they got something out of it (there&#039;s a bit of psycholoy behind this approach, which I learned from Roger Dawson, author and brilliant negotiator).

Something else you might want to consider is to share your master fee schedule with clients when you first engage with them. Once you&#039;ve had that initial value discussion and they indicate that they want to work with you, send them your fee schedule. This will help them see where you typically fall on a variety of projects...and allow them to self-qualify based on price alone.

This bit about sharing your fee schedule is a bit controversial. But sinnce I started doing it about a year ago, I qualify prospects faster and avoid wasting time on proposals and discussions that go nowhere. 

But that&#039;s another post altogether....</description>
		<content:encoded><![CDATA[<p>I&#8217;m loving this discussion! Keep it up as long as you want &#8212; no need to apologize, Holly. <img src='http://thewealthyfreelancer.com/wp-includes/images/smilies/icon_wink.gif' alt=';-)' class='wp-smiley' /> </p>
<p>Holly &#8211; sounds like they might have a bit of a sticker shock. But at least they trust and value you enough to proceed with this first project. If they bring up fees in this next call, don&#8217;t worry. Just be prepared to address the issue. Many different ways to approach that, including talking about the value you bring to the table, the fact that your fees fall well within the range of professional-level copywriting, etc.</p>
<p>I almost never discount a fee once I quote it. Instead, if I find that the client really wants to haggle for some reason, I offer to give him/her additional value for the fee. Maybe a copy review on a sales letter, email or landing page. Or maybe short email promo copy for the case study they want me to write. In other words, something that has high perceived value but won&#8217;t take me more than 2 or 3 hours to complete.</p>
<p>If that doesn&#8217;t fly and a price cut is the only way they want to go, I do a give-and-take, where I&#8217;ll ask for something in return for a small discount &#8212; might be better terms, a larger deposit, another deliverable added to the project&#8230;you get my drift.</p>
<p>This approach not only trains the client to stop asking for discounts or lower fees&#8230;it also makes everyone in the negotiation feel like a winner &#8212; like they got something out of it (there&#8217;s a bit of psycholoy behind this approach, which I learned from Roger Dawson, author and brilliant negotiator).</p>
<p>Something else you might want to consider is to share your master fee schedule with clients when you first engage with them. Once you&#8217;ve had that initial value discussion and they indicate that they want to work with you, send them your fee schedule. This will help them see where you typically fall on a variety of projects&#8230;and allow them to self-qualify based on price alone.</p>
<p>This bit about sharing your fee schedule is a bit controversial. But sinnce I started doing it about a year ago, I qualify prospects faster and avoid wasting time on proposals and discussions that go nowhere. </p>
<p>But that&#8217;s another post altogether&#8230;.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Holly Bowne</title>
		<link>http://thewealthyfreelancer.com/2008/12/wrong-reasons-to-cut-your-fee/comment-page-1/#comment-355</link>
		<dc:creator>Holly Bowne</dc:creator>
		<pubDate>Tue, 16 Dec 2008 00:06:16 +0000</pubDate>
		<guid isPermaLink="false">http://thewealthyfreelancer.com/?p=269#comment-355</guid>
		<description>Gee Ed, I hope you don&#039;t mind us having an entire conversation on here! ;)

And yes Eileen, they did send me back the signed bid letter.  They are a smaller company and I think they want to be fair; but they have never hired a writer before and were a bit shocked at the cost.  But your point is a really good one to keep in mind about making certain I get the signed contract back before starting the work!  Thanks!</description>
		<content:encoded><![CDATA[<p>Gee Ed, I hope you don&#8217;t mind us having an entire conversation on here! <img src='http://thewealthyfreelancer.com/wp-includes/images/smilies/icon_wink.gif' alt=';)' class='wp-smiley' /> </p>
<p>And yes Eileen, they did send me back the signed bid letter.  They are a smaller company and I think they want to be fair; but they have never hired a writer before and were a bit shocked at the cost.  But your point is a really good one to keep in mind about making certain I get the signed contract back before starting the work!  Thanks!</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Michael Temple</title>
		<link>http://thewealthyfreelancer.com/2008/12/wrong-reasons-to-cut-your-fee/comment-page-1/#comment-354</link>
		<dc:creator>Michael Temple</dc:creator>
		<pubDate>Mon, 15 Dec 2008 22:16:52 +0000</pubDate>
		<guid isPermaLink="false">http://thewealthyfreelancer.com/?p=269#comment-354</guid>
		<description>I have been here as well.  I was doing a few different proposals a couple of months ago and just jotting figures on a piece of paper to figure out in my head before writing them into the proposal and adding them up.  Once they were added up I started doing exactly what Ed did.  I started thinking I should remove items and that the client would never approve it.

I also did what Ed did and just gave it to them unrevised.  However unlike Ed I couldn&#039;t help but make a few comments when I gave them the proposal that it &quot;might seem high, er, but just look it over and...&quot; kind of things.  Fortunately for me my mouth didn&#039;t talk me out of the work and they approved the contract as is.

It is easy to have these conversations with ourselves when nobody is around to remind us of our value.  Thanks for the reminder.</description>
		<content:encoded><![CDATA[<p>I have been here as well.  I was doing a few different proposals a couple of months ago and just jotting figures on a piece of paper to figure out in my head before writing them into the proposal and adding them up.  Once they were added up I started doing exactly what Ed did.  I started thinking I should remove items and that the client would never approve it.</p>
<p>I also did what Ed did and just gave it to them unrevised.  However unlike Ed I couldn&#8217;t help but make a few comments when I gave them the proposal that it &#8220;might seem high, er, but just look it over and&#8230;&#8221; kind of things.  Fortunately for me my mouth didn&#8217;t talk me out of the work and they approved the contract as is.</p>
<p>It is easy to have these conversations with ourselves when nobody is around to remind us of our value.  Thanks for the reminder.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Eileen Coale</title>
		<link>http://thewealthyfreelancer.com/2008/12/wrong-reasons-to-cut-your-fee/comment-page-1/#comment-353</link>
		<dc:creator>Eileen Coale</dc:creator>
		<pubDate>Mon, 15 Dec 2008 18:36:48 +0000</pubDate>
		<guid isPermaLink="false">http://thewealthyfreelancer.com/?p=269#comment-353</guid>
		<description>Holly, did they sign an agreement agreeing to pay your fee? Because if not, they could try and wheedle you down even though they&#039;ve already sent the deposit. I&#039;ve had prospects like this before, who are very prompt at sending the deposit, and then procrastinate and come up with every excuse in the book why they haven&#039;t sent or faxed the contract. I find it nothing short of manipulative, it raises red flags for me, and I simply won&#039;t work with these folks.</description>
		<content:encoded><![CDATA[<p>Holly, did they sign an agreement agreeing to pay your fee? Because if not, they could try and wheedle you down even though they&#8217;ve already sent the deposit. I&#8217;ve had prospects like this before, who are very prompt at sending the deposit, and then procrastinate and come up with every excuse in the book why they haven&#8217;t sent or faxed the contract. I find it nothing short of manipulative, it raises red flags for me, and I simply won&#8217;t work with these folks.</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Holly Bowne</title>
		<link>http://thewealthyfreelancer.com/2008/12/wrong-reasons-to-cut-your-fee/comment-page-1/#comment-352</link>
		<dc:creator>Holly Bowne</dc:creator>
		<pubDate>Mon, 15 Dec 2008 15:45:12 +0000</pubDate>
		<guid isPermaLink="false">http://thewealthyfreelancer.com/?p=269#comment-352</guid>
		<description>Okay, I just heard back from my very first potential client-the one to whom I sent the bid letter I mentioned in the comment above. They did pay the initial deposit I requested, but wrote a note on the bid letter which said: &quot;We want to send the deposit to get the process started, but we&#039;d like to call you next week to discuss your fees.&quot;

If this is as I think, and they are concerned that my price is too high, what do I say?  Unfortunately I don&#039;t have a sales background and I&#039;m not a smooth talker!  (Also, I really do want this job as I need to build my portfolio.)</description>
		<content:encoded><![CDATA[<p>Okay, I just heard back from my very first potential client-the one to whom I sent the bid letter I mentioned in the comment above. They did pay the initial deposit I requested, but wrote a note on the bid letter which said: &#8220;We want to send the deposit to get the process started, but we&#8217;d like to call you next week to discuss your fees.&#8221;</p>
<p>If this is as I think, and they are concerned that my price is too high, what do I say?  Unfortunately I don&#8217;t have a sales background and I&#8217;m not a smooth talker!  (Also, I really do want this job as I need to build my portfolio.)</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Me</title>
		<link>http://thewealthyfreelancer.com/2008/12/wrong-reasons-to-cut-your-fee/comment-page-1/#comment-351</link>
		<dc:creator>Me</dc:creator>
		<pubDate>Mon, 15 Dec 2008 10:12:58 +0000</pubDate>
		<guid isPermaLink="false">http://thewealthyfreelancer.com/?p=269#comment-351</guid>
		<description>Great advice!

I just had a &#039;feel the fear&#039; moment, because I had to remind a client to pay their deposit. It&#039;s a few days overdue, and is needed to confirm their photo booking. Yes, I know I risk the full payment on the day if they cancel...

Initially I didn&#039;t want to because I thought they may think am hounding, but realised that&#039;s its standard business practice to make sure they&#039;re not wasting my time. It&#039;s also hard to fill the day on the last minute if they cancel.

This way I know if they&#039;re serious/wasting my time. We&#039;ll see what happens...</description>
		<content:encoded><![CDATA[<p>Great advice!</p>
<p>I just had a &#8216;feel the fear&#8217; moment, because I had to remind a client to pay their deposit. It&#8217;s a few days overdue, and is needed to confirm their photo booking. Yes, I know I risk the full payment on the day if they cancel&#8230;</p>
<p>Initially I didn&#8217;t want to because I thought they may think am hounding, but realised that&#8217;s its standard business practice to make sure they&#8217;re not wasting my time. It&#8217;s also hard to fill the day on the last minute if they cancel.</p>
<p>This way I know if they&#8217;re serious/wasting my time. We&#8217;ll see what happens&#8230;</p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Pete Savage, Editor</title>
		<link>http://thewealthyfreelancer.com/2008/12/wrong-reasons-to-cut-your-fee/comment-page-1/#comment-350</link>
		<dc:creator>Pete Savage, Editor</dc:creator>
		<pubDate>Mon, 15 Dec 2008 03:39:27 +0000</pubDate>
		<guid isPermaLink="false">http://thewealthyfreelancer.com/?p=269#comment-350</guid>
		<description>If you feel uneasy quoting a high number, remember that numbers are numbers. They aren&#039;t inherently &quot;high&quot; or &quot;low&quot;, these are just labels that we attach to them. Recognize that if you have the power to convince yourself that a number is &quot;too high&quot; you also have the power to convince yourself that a number is just right. Ed managed to do this by sleeping on it - always a good idea. Another way to do this is to stand in front of a mirror, look yourself in the eyes and say the number aloud to yourself... &quot;My fees for this project will be $12,500.&quot; Keep saying it until you&#039;re totally comfortable with the statement... may take 20 or 30 attempts or more to convince yourself but it&#039;s worth taking the time to do this exercise because &quot;quote anxiety&quot; will keep rearing it&#039;s ugly head until you convince yourself of how much your services are really worth... (which is usually more than you think they are right now ). :)</description>
		<content:encoded><![CDATA[<p>If you feel uneasy quoting a high number, remember that numbers are numbers. They aren&#8217;t inherently &#8220;high&#8221; or &#8220;low&#8221;, these are just labels that we attach to them. Recognize that if you have the power to convince yourself that a number is &#8220;too high&#8221; you also have the power to convince yourself that a number is just right. Ed managed to do this by sleeping on it &#8211; always a good idea. Another way to do this is to stand in front of a mirror, look yourself in the eyes and say the number aloud to yourself&#8230; &#8220;My fees for this project will be $12,500.&#8221; Keep saying it until you&#8217;re totally comfortable with the statement&#8230; may take 20 or 30 attempts or more to convince yourself but it&#8217;s worth taking the time to do this exercise because &#8220;quote anxiety&#8221; will keep rearing it&#8217;s ugly head until you convince yourself of how much your services are really worth&#8230; (which is usually more than you think they are right now ). <img src='http://thewealthyfreelancer.com/wp-includes/images/smilies/icon_smile.gif' alt=':)' class='wp-smiley' /> </p>
]]></content:encoded>
	</item>
	<item>
		<title>By: Susan Greene</title>
		<link>http://thewealthyfreelancer.com/2008/12/wrong-reasons-to-cut-your-fee/comment-page-1/#comment-349</link>
		<dc:creator>Susan Greene</dc:creator>
		<pubDate>Sun, 14 Dec 2008 02:13:11 +0000</pubDate>
		<guid isPermaLink="false">http://thewealthyfreelancer.com/?p=269#comment-349</guid>
		<description>Quoting projects is my least favorite aspect of being a freelance copywriter.  I&#039;ve found though, that like anything else, the more you do it, the more comfortable you become with the task.  I&#039;ve also learned that it&#039;s okay to lose a job due to price.  After all, my goal isn&#039;t just to work more; it&#039;s to make more for the work I do.</description>
		<content:encoded><![CDATA[<p>Quoting projects is my least favorite aspect of being a freelance copywriter.  I&#8217;ve found though, that like anything else, the more you do it, the more comfortable you become with the task.  I&#8217;ve also learned that it&#8217;s okay to lose a job due to price.  After all, my goal isn&#8217;t just to work more; it&#8217;s to make more for the work I do.</p>
]]></content:encoded>
	</item>
</channel>
</rss>
