Let’s make money!
One of the main difficulties when starting a freelance business is to set the prices for your work. Several questions arise here: What income can I expect? What are the criteria to take into account when calculating the freelance price?
Freelance prices depend on the customer’s requests (whether Algerian or foreign), the methods of invoicing their services (hourly/daily rate), the manufacturing time, the quality of the project, and many other criteria according to each field of freelance.
as examples for the different freelance domains we have:
web development domain:
Not all websites are the same. Depending on the activity of your website, you will need different functionalities. This means that the prices of websites will vary depending on the type of website, services you might need and the quality of the website.
1.website types:
We can divide websites into 4 types: Showcase, Magazine/Blog, E-commerce and Personalized/Customized. The table below shows the price range for each type:
2.Services you may require:
The development is not everything. When you are going to outsource the creation of your website, you must take into consideration the services you will need like : Web development, Web design and MVP (Minimum viable product).
3.Website quality:
If your company is growing and you want to make a qualitative leap, you will certainly want to invest in a higher quality than you had until now. In many cases, this quality translates into good design, good development, but also into a completely custom-made project. Although they also require larger budgets.
mobile development domain:
The price to create an application depends on many factors: the used technology, the functionalities it includes, the design requirements, the user interface, the desired quality, the application platforms…
For the prices of mobile applications in Algeria is generally between 10 000 and 340 000 Dinars.
Design domain:
The price of an industrial design study, because this is what we want to quantify here, is calculated according to several criteria that depend on the object itself.
The designer mainly takes into account the study time to be spent. He bases himself on his experience of the projects already completed because he knows his work capacity and performance. Also, he will take into account the target market, the complexity of the request (especially the technical development of the product), the expected level of finishing (a product intended for the luxury market will need more finishing work and details than a product intended for a discount market because the customer expectations are not the same), and the number of hours of follow-up and exchanges with you, the customer, and the manufacturers.
Here are some examples:
Another important question to raise is : What are the best ways to get my money safely and quickly?
Here is our summary of the payment options available to freelancers:
Cash: this option may be unusual in some regions, especially as most freelancing is done globally and your client often isn’t in the same location as you, but if you personally know your client and you both agree on this method then “cash is king”.
Checks: It is a traditional way to send long distance payments. Checks are easy to send and in most cases cashing them is free. However, you will have to wait for the check to arrive and then for the bank to cash it to deposit it into your account which can be a problem for some. Also, you will not be able to know if the customer indeed sent it on time, so you will be pretty much obliged to constantly check your bank account.
Paypal: It’s the best-known payment processing service for freelancers. Paypal is a quick way to transfer and receive money, but there are relatively high fees to pay.
Bank transfer: this option is reliable and secure. However, transfer fees can be very high. They can also take some time to arrive, especially if the transfer is from another country.
Freelance platforms: Most of them have a built-in payment system, which collects customer payments for you and deposits them into an attached online account. This method is secure and helps you get your payments on time but the fees vary and you may be limited on when and how you can withdraw the money.
Payment portal integrated into your website: If you have your own website, you can easily add an online payment system. Systems like Payline Data, Stripe, 2Checkout, and WePay make this process easier, but it’s best to be comfortable with this technology, and it’s only worth it if you make a lot of transactions each month.
Online payment solutions: solutions like Cash App, Paoneer, Skrill, ProPay, Google Pay, and more are a great choice for freelancers especially if you are dealing with a foreign customer and different currency. Also, you don’t have to worry about the currency conversion, the fees are less, and you get to withdraw your money faster.
It is very important that both sides agree on some important points like the payment method, whether you want to be paid in advance, and all of the other terms and conditions of your payment. You should get things straight from the beginning so that any conflict will be avoided. Also, You don’t have to stick to just one payment method, you can use different ones to have a better experience and optimize your payment flows. However, we recommend using a maximum of 2 or 3, so you don’t get lost in your finances and miss payments.
Before switching to a new payment method, you should check these points first:
-Whether this solution works in your region.
-Whether this solution deals with currency conversion.
-The payment processing fees in your currency.
-Whether it is a wise choice considering the currency used by your customer.
-Whether the transfers are fast.
-The time it takes to process payments in your country.
some useful links:
Freelance Payment Methods — 2020 Guide [PROS + CONS]
6 Ways to Get Paid as a Freelancer or Consultant
Quel est le prix pour la création d’une application?
Combien Coûte un Site Internet?
