In fixed-price projects, give your price in non-flatzero figures.
As a freelancer, I usually make the price the same as the client’s bid price or make it lower, this is in hope that the client would buy the lower cost. Or you may usually be the one to name your price. Try avoiding flat-zero amounts because tendency is, clients will ask for bargain and the next lower price is the most possible amount.
Starting with a flat-zero, for example, would tend to have a greater increase of bargain. However, if you use an odd-looking or irregular number, the bargained amount will most possibly be lower. $100 could be bargained to $90, but if you name it at $106, it could be bargained to $100.
Obviously, this is not to deceive your client. This is strategically giving the figure of your exact value. Grocery stores usually use the psychology by ending price tags in multiples of 9. $9.99, $3.99, $4.99.
There are tactical ways to retain value so you could gradually improve, expand, train others, invest and increase in productivity. Subscribe for more freelance updates.
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