TFS 335: Financial Models

Sponsors

• Sentry– use the code “devchat” for 2 months free on Sentry small plan
• Paymo | Opt for monthly & get 30% discount on paid plans for 6 months
• CacheFly

Panel

• Eric Dietrich
• Reuven Lerner

Summary The panel discusses different billing models and their experiences with each. They start by sharing their current billing model, upfront payment. Net +30 and Net +60 are discussed; the panel advises freelancers to get used to waiting for payment. The upsides and downsides of hourly billing, fixed rates, value pricing, and retainers are considered. The panel explains how to choose a billing model, how to evolve to other models and how to raise your rates. Picks Eric Dietrich:

• Million Dollar Consulting
• https://www.hitsubscribe.com/apply-to-be-an-author/

Reuven Lerner:

• Alexander Hamilton