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Andy’s	 story	 was	 repeated	 in	 various	 forms	 by	 other	 service	 providers	 and	 a
few	 product-based	 businesses	 too.	 In	 2010	 I	 conducted	 a	 separate	 study	 of
fourteen	 freelancers	 who	 had	 raised	 their	 rates	 successfully.	 I	 asked	 them	 how
they	 did	 it,	 what	 they	 expected	 to	 happen,	 and	 what	 actually	 happened.	 These
freelancers	were	working	in	completely	different	fields,	including	a	veterinarian,
a	 voice	 coach,	 a	 sign	 language	 interpreter,	 and	 the	 more	 typical	 crowd	 of
consultants,	 writers,	 and	 designers.	 They	 were	 also	 located	 throughout	 the
English-speaking	 world,	 including	 Canada,	 Australia,	 New	 Zealand,	 South
Africa,	the	United	Kingdom,	and	the	United	States.

   Despite	the	diverse	backgrounds	and	regions,	I	heard	the	same	story	over	and
over:	“Before	my	price	increase,	I	was	worried	that	no	one	would	hire	me	again.
After	 the	 price	 increase,	 I	 realized	 how	 easy	 it	 was,	 and	 I	 wish	 I	 had	 done	 it
sooner.”	 In	 most	 cases,	 the	 change	 was	 anticlimactic.	 Clients	 said,	 “OK,	 sure,”
and	moved	on.

   I	 also	 asked	 about	 suggestions	 for	 other	 service	 providers	 who	 are	 thinking
about	raising	their	rates.	The	most	common	advice	was	to	maintain	a	practice	of
regular	 rate	 increases	 so	 that	 it	 becomes	 normal	 and	 expected.	 One	 freelancer
likened	 it	 to	 going	 to	 the	 grocery	 store:	 No	 one	 expects	 the	 price	 of	 milk	 to	 be
the	same	from	year	to	year.	We	all	know	that	over	time	it’s	going	to	go	up,	and
the	 same	 should	 be	 true	 for	 the	 prices	 we	 charge	 clients.	 Another	 suggested	 an
annual	 date	 for	 changing	 prices,	 either	 January	 1	 or	 the	 beginning	 of	 your
calendar	 year	 if	 it’s	 different.	 Others	 said	 that	 they	 offered	 an	 ongoing	 discount
for	 current	 clients,	 among	 whom	 the	 work	 is	 more	 familiar	 and	 a	 strong
relationship	already	exists.

   Lastly,	remember	to	price	on	the	basis	of	value,	not	time.	One	designer	sent	us
a	 good	 example	 of	 what	 not	 to	 do:	 “I	 have	 a	 colleague	 who	 moderates	 her	 rate
according	to	how	busy	the	day	was	and	how	long	her	lunch	break	was.	Crazy!”
Our	 correspondent	 is	 right:	 Customers	 pay	 for	 what	 you	 deliver,	 not	 how	 long
you	spend	at	lunch.

                                 The	Best	Social	Media	Strategy:	
                                       Talk	About	Yourself

You	may	have	heard	that	the	way	to	build	a	following	on	Twitter	or	other	social
networks	is	to	promote	other	people’s	work.	People	don’t	want	to	hear	you	talk
about	yourself	all	the	time,	right?

   This	 advice	 is	 well-meaning	 and	 sounds	 good	 on	 the	 surface.	 Unfortunately,
it’s	 also	 wrong.	 Promoting	 other	 people’s	 work	 and	 sharing	 links	 to	 interesting
articles	 is	 fine,	 but	 don’t	 expect	 that	 merely	 doing	 that	 will	 help	 you	 gain
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