Setting competitive yet profitable rates is a vital aspect of freelancing on SwapLance. This guide will walk you through the steps to set your rates on SwapLance, allowing you to price your services adequately and attract potential clients.
Understanding the Rate Structure on SwapLance
- Setting Your Rate: The process of setting your rates begins when you select your specialization in the settings. Each specialization comes with additional parameters where you can specify your «Hourly Rate» and the «Minimal order value / Budget». Remember, these rates apply to your specialization in general.
- Service Settings and Rates: Within the service settings, you'll find detailed information about the work to be performed. Here, you can specify the hourly rate for each service. Each parameter comes with a checkbox that allows you to control its display on the «Price» tab on your profile page.
- Displaying Your Rates: Your rates are displayed on the «Price» tab on your profile page. You can control the visibility of this tab in the settings section under «Bookmarks».
Practical Tips for Setting Your Rates
- Currency: All rates on SwapLance are set in USD. This helps to unify the platform and minimize payment errors.
- Flexibility: You can change your rates at any time, giving you the flexibility to adjust your pricing according to market changes or your experience level.
- No Maximum or Minimum Rates: SwapLance doesn't set minimum or maximum rates, providing you with the freedom to price your services based on their value. However, it's crucial to set reasonable rates to remain competitive.
- Rate Suggestions: In the service settings, standard rates are provided for each parameter as a reference point. You can change these according to your estimation of the value of your services.
- No Commissions: Unlike many other platforms, SwapLance doesn't charge freelancers any commission. This means that you get to keep the full amount you've billed for your services.
Conclusion
Setting your rates is an integral part of your success as a freelancer on SwapLance.
By understanding the rate structure and being strategic about your pricing, you can create a win-win situation where you're rewarded for your work, and your clients feel they're getting good value. Remember to revisit your rates periodically and adjust them according to your growing experience and skills.