You’ve got 500 hours on credit
When I first started my freelance copywriting business, all of 7 months ago or so, most of my work was project based. I’d give people an estimate for a whole project, and I’d work until the project was finished, no matter how long it took.
Most of my projects these days seem to be hourly because one project melds into another and into another. And most of my clients are having me work on several projects at the same time.
I used to think the project-by-project quotes were the best ideas, but now I really don’t like them at all. First off, there’s always “project creep,” where they ask for a little more or something a little different. The second problem is one I like even less: we start off with a proposal for a large project, and the project scope changes completely. Then I’m left with trying to go back and estimate how much time I spent in the first phase (always just a guess) to tell them how many hours of time they have left for other projects or the revised project.
I just finished up the residue hours for one client (they had 7.5 on account), and another client has LOTS of credit — perhaps 30 hours. Ugh. They’ve already paid me for those hours, so I have to keep bugging them for direction on new projects so they can use their time.




Little Miss on 28 Feb 2008 at 12:28 am #
Having worked as a consultant for a consulting firm, I see the value in charging by the hour, for many of the reasons you cite. I have never seen any benefit for charging by the project, unless you are really fast at what you do and can use speed to your advantage.
Sarah on 29 Feb 2008 at 3:13 pm #
the problem i’ve found with project-based payment is that you can do 95% of the project and never see any money (or only see half). when you’re doing hourly, you can bill as you go.
also - i can see what you mean by being paid for hours you haven’t worked yet. annoying!