Pricing your services as a freelancer can be challenging, especially in Dubai’s competitive media and events space. You want to set a rate that reflects your skills and experience while staying competitive. Here’s a step-by-step guide to help you determine your pricing strategy.
Before setting your rates, research the industry standards for your role. Rates can vary based on expertise, experience, and project scope. Here are some ways to gather pricing insights:
Freelancers typically use one of the following pricing structures:
Best for: Short-term projects, consulting, and social media management.
Formula: (Target Annual Income + Business Expenses) ÷ Billable Hours Per Year = Hourly Rate
Example:
Best for: Event support, project-based work (e.g., photographers, event planners).
Daily rate is usually 8x your hourly rate (with some discounts for full-day bookings).
Best for: End-to-end services like brand development, content creation, or event planning.
Calculate project costs based on:
Freelancers in Dubai need to cover their own expenses, including:
Regularly evaluate your pricing based on:
If you’re fully booked and turning down projects, it might be time to increase your rates.
Be confident in your rates and avoid underselling yourself. When negotiating, consider:
Example email response:
“Based on the project scope, my fee for [Service] is AED [X]. This includes [List Deliverables]. Let me know if you’d like to discuss any adjustments based on your budget and needs.”