The most common issue with most freelancers is the process of deciding the price for a project. All of us wish to get compensated adequately for our efforts towards a project. The right strategy forward should be an ideal combination of adequate compensation to the freelancer as well a happy client.
My way forward is simple. I base my projected calculations for all projects keeping in mind the amount of work desired by me and the time it would take for me to complete the same. If the project includes comprehensive research then that too is taken into account. I consider it to be a good trick to divide the entire project into smaller projects. Once done with that you can move on and see the time that you would take to complete all of these smaller projects.
Combine the hours of all the small projects together and multiply it with your hourly price rate and voila you have a price ready to be quoted to the client! :) If you foresee that you would be needing to stay in regular touch with the client on the telephone during the due course of the project then you could include the expected charges for the same in the total estimated cost for the project.
It is also a great idea to regard the future prospects that you could be involved in with the client. If you foresee good and regular work from the client you can always go ahead and reduce the price you would have otherwise quoted.
What I have mentioned here is my way of arriving at a solution. All of us have our own ways, what is important is that we, the freelancers, are paid for our hard work at the end of the day.
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