Freelancers and other self-employed individuals: Do you have a "f*ck off price"? Without one, you might succumb to taking on jobs that pay much less than you're worth.
Money picture from Shutterstock
Undercover Recruiter explains the "f*ck off price" principle. Although it's aimed at recruiters, it's advice any self-employed person should hear:
Most recruiters, regardless of age, experience or background, are familiar with the 'f*ck off price' concept. It's that moment, whether muttered under your breath, lip-synced in horror, or shouted out the office window, when you forcefully reject your client's suggested fee. Generally it's not the done thing to shout it down the phone, but I suspect some recruiters have resorted to that in the past. Tut tut.
In short, it's that moment when the haggling over fees comes to an end. It's the point at which you declare 'enough is enough' and stand firm on your price. It's the lowest fee you'll work for without suffering a heart attack in the process. That's your 'f*ck off price'. And it's incredibly important to stick by it, no matter what.
Because most freelancers worry a lot about a steady stream of work, sometimes it can be hard to stick to your established rate. You end up working for cheap (when free is a better option) and resenting it.
If you're not a fan of expletives, just call it your "no thank you" price -- the lowest you'll accept, no matter what.
Why Your F*ck Off Price is Crucial in Recruitment [Undercover Recruiter]