How to Price a Freelance Project?

Pricing your freelance services correctly ensures you get paid what you are worth without undervaluing your time. A reliable way to quote a project is using the Hourly Rate + Buffer method.

1. Base Cost: Multiply your desired hourly rate by the estimated hours the project will take.
2. Contingency Buffer: Always add a 15% to 20% buffer. Clients often request changes or scope creep occurs. This protects your profitability!

Example: If you charge $30/hour and estimate a website will take 20 hours, your base cost is $600. Adding a 20% buffer ($120) brings your final professional quote to $720.