Earnings among freelancers – from programmers to designers to writers – is one of the most commonly discussed issues online in the freelancing community.
Freelancers have varied opinions on how much one should earn. There is a plethora of so called, ‘freelancer’s guide to asking for a raise’ has been written out there. However, in our opinion, when it comes to the perfect time to ask for a raise in your contracted rates, majority of freelancers would agree on the following circumstances which call for that golden email asking for pay raise.
- You have substantially contributed to your client’s success.
Are you a web designer who has recently produced a landing page which contributed to an increase in conversion rates of your client? Did you just created content which significantly increase your client’s website traffic? If you have made a quantifiable improvement to your client’s business, asking for a pay increase is a good idea.
- You noticed that your tasks and responsibilities have greatly increased yet you still receive the same pay rate when you started out.
Do you find yourself working after work hours and the weekends just to keep up with client demand? Working overtime should be an exception and not the rule itself. If the need to work overtime becomes a part of the routine, it’s about time that you charge more.
- There is a significant increase in the demand for your services and you may have to let go of certain clients.
- You have taken measures to improve your skills such as taking online courses and attending workshops.
On a final note, doing the same type and amount of job for a long time does not justify an increase. It really pays to have good reasons when you want to charge more. After all, if you were in the client’s shoes, you’ll be quite hesitant to increase a freelancer’s pay who haven’t greatly contributed to your business, right?