In this episode of the Design Break Podcast, we delve into the first installment of our exciting mini-series on pricing models for freelancers. Join us as we explore the world of "Hourly-Based" pricing and uncover the strategies, benefits, and challenges associated with this widely-used model.

Hosted by Rocky Roark, a seasoned freelancer himself, this episode draws upon his own experiences to shed light on the ins and outs of hourly-based pricing. Rocky shares his journey from the early days of freelancing to understanding the importance of tracking time and setting a fair hourly rate.

We examine the pros of hourly-based pricing, such as the ability to earn based on time invested and the straightforwardness of calculating project costs. However, we also delve into the cons, including the potential for income limitations and the need for efficient time management.

Through practical tips and tricks, Rocky offers valuable insights on how to effectively track time, manage projects, and improve profitability within the hourly-based pricing model. He also highlights different approaches that freelancers can take, such as tiered hourly rates, value-based hourly pricing, and combining hourly rates with project-based or retainer models.

By the end of this episode, you'll gain a deeper understanding of hourly-based pricing and how it can impact your freelance business. So tune in, take notes, and get ready to revolutionize your pricing strategy with insights from our mini-series on pricing models for freelancers.

Don't forget to subscribe to the Design Break Podcast to catch the upcoming episodes in this mini-series, where we'll explore project-based pricing, retainers, productized services, and value-based pricing. Stay tuned and unlock your path to creative success!

Don’t forget to leave a rating and review if you enjoy the episode. Your support means the world to us as we continue to deliver valuable content to our incredible community of design professionals and freelancers.

And be sure to check out these resources:

→ Join the Hustle Muscle Slack! — A Freelancer-Based Slack Community

→ The Futur Accelerator Program

‍→ Hoodzpah — Freelance, and Business, and Stuff

‍→ 20% Off RetroSupply Co. — (Code: ROCKY20)