Someone asking for more money might sound a bit off, especially when you do it in the corporate world. Freelancing is a great way to earn money either if you are a full-time independent worker or you only consider it a side-hustle, whatever the reason is, you are entitled to receive the right amount of pay for the type of work you provide.
What if a time comes when you believe that you should be getting more than the normal rates? How do you negotiate with clients? Would you be put in an awkward position when you raise such concerns? The United Kingdom has over 2 million freelancers, and it is entirely possible to think that all freelancers filling the same work description earn the same.
Know your rights
One way you can receive additional payments from your employer is when they fail to pay you in the agreed time. You can receive an additional £40 from the late payment fee covered by Late Payment of Commercial Debts (Interest) Act 1998.
Justify your raise
When you ask for an increase, you should be able to provide reasons why you are entitled to such a raise. You can also present your expanding range of services that in return the employers feel more confident to choose you for the job.
New Vs Existing Clients
It is easier to discuss new rates with new clients unlike with existing ones, and we could probably agree that most freelancers begin with a low cost, so that they will win the business. To ask for a raise from existing clients, you need to be bold enough to talk to them professionally about your terms and if they do not agree with you…
Its okay to walk away
If existing clients can’t keep up with your demand then there is no harm in saying ‘No.’ You are the only one who can understand your worth and if people are not okay with that, then don’t be afraid to leave. You can meet new clients that are willing to pay you for the price you offer.
Take into account the amount of money that would need to be invested in replacing you, retraining someone, the time that the recruitment process takes, and other factors that would affect your employer should you walk away. Be reasonable with your request. A small raise is more likely to be approved than doubling your salary.