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Re:The Psychological Trap of Freelancing by chrisweekly on Monday February 11, 2019 @09:42AM (#19134759)
Project-based billing solves this neatly. It also ensures alignment of incentives (ie, working faster / more efficiently yields higher effective rate, vs working faster -> get paid less), and is helpful in emphasizing value.

For time and materials projects, avoid hourly if possible; that leads to micromanagement and commodification of your skills. I recommend billing by sprints or by the week. Try to limit granularity to a day rate (w/ minimum increments of 1/2 day).

Re:The Psychological Trap of Freelancing by sacado2 on Tuesday February 12, 2019 @06:52AM (#19142757)
It's better from the client POV too. As a client, I have work that must be done, I want to know how much it will cost, I don't care whether it takes you 3 hours or 10 hours, and I especially don't want to hear "whoops... I miscalculated, I will need more time, gimme more money".