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How to Support "Over Market" Freelance Rates


Introduction: What "Over Market" Rates Are and Why They Exist


As a freelancer, it's important to know what "over market" rates are and why they exist. Over market rates are simply rates that are higher than what the average freelancer charges for their services. There are a few reasons why these rates exist:

  1. To attract top talent - If a company is looking for the best of the best, they may be willing to pay over market rates to get the cream of the crop.

  2. To retain good workers - If a company has a freelancer who is consistently delivering great work, they may be willing to pay a little extra to keep them on board.

  3. To speed up the process - Sometimes, paying a bit more upfront can save time in the long run.

The Importance of Supporting Over Market Rates


As a freelancer, you know that your rates are always under scrutiny. You may be asked to lower your rates to compete with others in the market, or you may be told that your rates are too high and that you should match the going rate. But what is the going rate, really?

The going rate is whatever someone is willing to pay for your services. If you're constantly being asked to lower your rates, it's because you're not charging enough. And if you're being told that your rates are too high, it's because you're not providing enough value.

The key to successful freelancing is to find a balance between what the market will bear and what you need to make a living. If you charge too little, you'll never make ends meet. But if you charge too much, you'll price yourself out of the market.

How to Support Over Market Rates as a Client


As a client, there are a few things you can do to support over market rates for freelancers.

First, be clear about your budget with the freelancer. If you have a set amount you're willing to spend, tell them up front so they can decide if they're able to work with you.

Second, be open to negotiating rates. If a freelancer has quoted you a rate that's higher than what you were expecting, try to see if there's wiggle room. It never hurts to ask!

Lastly, be prepared to explain why you're willing to pay more than the going rate. Maybe you value quality over quantity or maybe you appreciate the freelancer's experience and expertise. Whatever the reason may be, make sure it's clear to the freelancer so they know why their services are worth more to you.

How to Support Over Market Rates as a Fellow Freelancer


As a fellow freelancer, you may be wondering how to support over market rates. Here are a few ways you can do so:

  1. Educate yourself on the current market rates for your skillset. This way, you'll be able to justify your rates to potential clients.

  2. Find like-minded individuals who are also willing to charge over market rates. This will help create a supportive community of freelancers who are all working towards similar goals.

  3. Use your platform and voice to speak up about the importance of charging fair rates for freelance work. By doing so, you'll help raise awareness about the issue and potentially encourage others to charge fair rates as well.

Conclusion


In conclusion, it is important to remember that "over market" freelance rates are not always a bad thing. In fact, they can be a great way to support yourself and your family. Just be sure to do your research, set your rates, and stick to your guns.

Although "over-market" freelance rates may be perceived as unfair, there are ways to support them. These include being transparent about your costs, communicating the value you bring, and being willing to negotiate. With these strategies in mind, you can confidently charge what you're worth and support "over-market" freelance rates.


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