One of the questions I regularly get from friends and readers who do freelance work is, “Suraya, a client is interested in my services. How much should I charge them?”
I’m still learning myself, but let me share what I know. Here are five methods you can use to figure out how to charge your clients. This guide is suitable for freelancers who sell services like writing, designing, consulting, etc, not products.
Please comment if you have additional info to add!
Method #1 – Get the client to make an offer
This is a favourite method of mine – I use it whenever I can, especially if the request is slightly different from usual and I have no idea what’s considered a ‘fair’ compensation for it. Your conversation might go something like this:
Freelancing in Malaysia is not hard, but I think there is a steep learning curve when it comes to managing finances. Based on the conversations I’ve had, many freelancers in Malaysia have a ‘whatever works’ system. This leads to many undesirable side-effects, like:
Losing money to ridiculous fees
Lack of protection and recourse for clients who don’t pay
Indirect loss of income due to perceived lack of professionalism image
It’s hard to write about the complete range of tools that is needed for every freelancer in Malaysia. Some of you are freelance writers, freelance graphic designers, freelance artists. Some of you may freelance with companies like Uber, part-time as insurance/unit trust agents, do promoter-type work for events, or even MLM-type ‘business opportunities’.
For the purpose of this article, I’m going to focus on the must-have financial tools for online-based freelancing jobs, but the tools can be handy for anyone freelancing in Malaysia.
Note: To quickly see my writing services and get a quotation, please click here.
Being a freelance writer was not something I planned. Yet, somehow, here I am, making ends meet with nothing more than my laptop, internet access, and some brain power.
I won’t bore you with pros and cons of being a freelancer (yes, I do get to work in my pyjamas), but I do want to talk about the income and expenses side of it. After searching online, I realised there aren’t many resources for Malaysian freelance writers. So I’m making one to share with you.
So if you are a freelance writer in Malaysia, or if you want to become one to make some side income, here are some finance-related information about incomes and expenses that you should know about.