What Is Value-Based Pricing? 🤔 How To Ditch Charging Hourly + Snag Our BONUS Pricing Cheat Sheet ✨

If you are charging your services hourly, you are literally punishing yourself for becoming more valuable. This video will cover how to stop charging hourly and shift to value based pricing. Learn how to renegotiate contracts with existing clients and how to go forth with new contracts.

Curious how you could get into grant writing and build a career in it? Here is a free training on how to do that without volunteering or having prior experience: https://www.learngrantwriting.org/web...

We’ve experienced 15% inflation since 2020. 🤯 If your pay isn’t keeping pace with inflation, you are taking a pay cut. 🚫

The problem with charging hourly is that the better, faster, more valuable you get, the less money you make. 😕

What is value-based pricing? It is the sum of:
🧁 Hours required to do the project
🧁 Your specialized expertise
🧁 What it is worth to your client
🧁 Time to deliver
🧁 What you are personally otherwise saying “No” to

You can use our fee estimate calculator to help determine the value-based pricing of a project. 💰

Three main ways we recommend charging for your services:
1️⃣ Value-based pricing
2️⃣ Value-based + hourly lump sum
3️⃣ Retainer (with a big ol’ asterisk)

We answered some great questions during a webinar with the Society of Writers and have included them here as well!

✨ Bonus: get a peek at our 2023 Updated Ball Park Fees for grant writing services!

Resources and links:
🔸 “We Should All Be Millionaires: A Woman’s Guide to Earning More, Building Wealth, and Gaining Economic Power” by Rachel Rodgers
🔸 Webinar: How to Leverage Value Based Pricing in 2023 to Make More and Work Less As A Freelancer:    • ⭐ Webinar: How to Leverage Value Based Pri...  
🔸 Free training on mistakes to avoid in finding clients and pricing: https://www.learngrantwriting.org/web...
🔸 Check out Meredith’s 2nd edition of How to Write a Grant: Become a Grant Writing Unicorn. www.amazon.com/How-Write-Grant-Writing-Unicorn-ebook/dp/B0969G2R7J

Are you an audiobook and podcast fan? Listen to Meredith’s book, “How to Write a Grant: Become a Grant Writing Unicorn” for free here: https://www.learngrantwriting.org/fre...

Questions about the Global Grant Writers Collective? Check out this elaborate FAQ page: https://www.learngrantwriting.org/faq

Or, email us at [email protected].

🧡 The Team at Learn Grant Writing

Timestamps
00:00 Intro
00:48 Why Money Mindset Matters
02:53 Challenge Your Assumptions
04:11 Why We Charge Hourly
05:51 The Problem With Charging Hourly
09:02 What Is Value-Based Pricing?
11:36 Calculating Your Specialized Expertise
14:34 What Is Your Time Worth To You?
15:21 How To Charge For Your Services
18:19 Common Q&A
24:29 2023 Updated Ball Park Fees
25:40 Where To Learn More
26:01 Recap