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Tuesday, June 14, 2011

Fixed Fees or Hourly? That is the Question

Fellow Business Owners,

We'd like to ask you for your advice. Up until this point, we've usually charged our clients flat fees for our various services. However, we are now considering charging strictly hourly. There are advantages and disadvantages to both methods.

How do you charge? Any thoughts and experiences you would be willing to share are greatly appreciated! Just enter them in the Comments box below. Not only will you be helping us, but other business owners who visit this blog and may also be struggling a bit to find the perfect formula. Thanks!


--Aaron Robertson, president, Intrepid Innovations Inc.

1 comment:

  1. I use a combination. For standard services and projects I charge a flat rate. (And if I can't get the work done in the time that is "baked in" to that price, then it's on me to learn how, re-price or whatever it takes to be both excellent and profitable.) For items outside the scope of my standard offerings I charge by the hour. For me it's the best mix for my profitability and for my client's comfort.