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I have a S-Corp on the side and do work on software development. My main job (a contracting project) is ending in a few months and I started reaching out to new clients. I found a client through a colleague I had worked with in the past and had an initial call with them. Up until now I've only done hourly work (odd jobs here and there and not really a steady stream of income from my side gigs). The client reached out to me asking me the pricing structure. Here's their question:

1. Single modular project pricing


2. Hourly pricing


3. Weekly / monthly retainer

It appears that they need a formal response (and most likely a contract between the two parties in the future?). I am relatively new to this and am looking for input. My questions:

1. I've heard from others that fixed price projects should be avoided at all cost. This happens due to scope creep and vague requirements. Should I tell them I only do hourly?


2. I have no idea what a retainer is. Can someone help me with weekly/monthly retainer model?


3. They've also asked for response time/hours of availability for each one of these models. I usually do my side gigs at nights/weekends. I might be able to do some work during the day but I'd rather not commit to it as high priority things may come up at my day contract. Is it a good idea to tell them that I work only nights/weekends? Does that come across as "professional"?


4. I understand that there's a big range for software developers. Should I bid a low hourly rate to get my foot in the door (I usually work at $100/hour with my other side gigs).

consulting

share|improve this question

edited 15 mins ago

virolino

6,38622 gold badges1313 silver badges4141 bronze badges

asked 7 hours ago

DotnetDudeDotnetDude

73433 gold badges66 silver badges88 bronze badges

• 
  
  
  

  
  4
  

  
  
  
  
  
  

  
  
  I see you are asking at least 4 different questions. I suggest you try to keep it down to one or at most 2. If you have separate questions, I suggest you write separate posts for each one.
  
  – DarkCygnus
  7 hours ago
  

  
  
  
  


• 
  
  
  

  
  4
  

  
  
  
  
  
  

  
  
  This belongs on freelancing.stackexchange.com
  
  – Peter M
  7 hours ago
  

  
  
  
  


• 
  
  
  

  
  1
  

  
  
  
  
  
  

  
  
  Also, your question (2) I think can be answered with a Google query and browsing a bit. What have you grasped so far from your searches?
  
  – DarkCygnus
  7 hours ago
  
  

  
  
  
  

add a comment | 

0

I have a S-Corp on the side and do work on software development. My main job (a contracting project) is ending in a few months and I started reaching out to new clients. I found a client through a colleague I had worked with in the past and had an initial call with them. Up until now I've only done hourly work (odd jobs here and there and not really a steady stream of income from my side gigs). The client reached out to me asking me the pricing structure. Here's their question:

1. Single modular project pricing


2. Hourly pricing


3. Weekly / monthly retainer

It appears that they need a formal response (and most likely a contract between the two parties in the future?). I am relatively new to this and am looking for input. My questions:

1. I've heard from others that fixed price projects should be avoided at all cost. This happens due to scope creep and vague requirements. Should I tell them I only do hourly?


2. I have no idea what a retainer is. Can someone help me with weekly/monthly retainer model?


3. They've also asked for response time/hours of availability for each one of these models. I usually do my side gigs at nights/weekends. I might be able to do some work during the day but I'd rather not commit to it as high priority things may come up at my day contract. Is it a good idea to tell them that I work only nights/weekends? Does that come across as "professional"?


4. I understand that there's a big range for software developers. Should I bid a low hourly rate to get my foot in the door (I usually work at $100/hour with my other side gigs).

consulting

share|improve this question

edited 15 mins ago

virolino

6,38622 gold badges1313 silver badges4141 bronze badges

asked 7 hours ago

DotnetDudeDotnetDude

73433 gold badges66 silver badges88 bronze badges

• 
  
  
  

  
  4
  

  
  
  
  
  
  

  
  
  I see you are asking at least 4 different questions. I suggest you try to keep it down to one or at most 2. If you have separate questions, I suggest you write separate posts for each one.
  
  – DarkCygnus
  7 hours ago
  

  
  
  
  


• 
  
  
  

  
  4
  

  
  
  
  
  
  

  
  
  This belongs on freelancing.stackexchange.com
  
  – Peter M
  7 hours ago
  

  
  
  
  


• 
  
  
  

  
  1
  

  
  
  
  
  
  

  
  
  Also, your question (2) I think can be answered with a Google query and browsing a bit. What have you grasped so far from your searches?
  
  – DarkCygnus
  7 hours ago
  
  

  
  
  
  

add a comment | 

I have a S-Corp on the side and do work on software development. My main job (a contracting project) is ending in a few months and I started reaching out to new clients. I found a client through a colleague I had worked with in the past and had an initial call with them. Up until now I've only done hourly work (odd jobs here and there and not really a steady stream of income from my side gigs). The client reached out to me asking me the pricing structure. Here's their question:

1. Single modular project pricing


2. Hourly pricing


3. Weekly / monthly retainer

It appears that they need a formal response (and most likely a contract between the two parties in the future?). I am relatively new to this and am looking for input. My questions:

1. I've heard from others that fixed price projects should be avoided at all cost. This happens due to scope creep and vague requirements. Should I tell them I only do hourly?


2. I have no idea what a retainer is. Can someone help me with weekly/monthly retainer model?


3. They've also asked for response time/hours of availability for each one of these models. I usually do my side gigs at nights/weekends. I might be able to do some work during the day but I'd rather not commit to it as high priority things may come up at my day contract. Is it a good idea to tell them that I work only nights/weekends? Does that come across as "professional"?


4. I understand that there's a big range for software developers. Should I bid a low hourly rate to get my foot in the door (I usually work at $100/hour with my other side gigs).

consulting

share|improve this question

edited 15 mins ago

virolino

6,38622 gold badges1313 silver badges4141 bronze badges

asked 7 hours ago

DotnetDudeDotnetDude

73433 gold badges66 silver badges88 bronze badges

share|improve this question

edited 15 mins ago

virolino

6,38622 gold badges1313 silver badges4141 bronze badges

asked 7 hours ago

DotnetDudeDotnetDude

73433 gold badges66 silver badges88 bronze badges

share|improve this question

edited 15 mins ago

virolino

6,38622 gold badges1313 silver badges4141 bronze badges

asked 7 hours ago

DotnetDudeDotnetDude

73433 gold badges66 silver badges88 bronze badges

edited 15 mins ago

virolino

6,38622 gold badges1313 silver badges4141 bronze badges

edited 15 mins ago

virolino

6,38622 gold badges1313 silver badges4141 bronze badges

asked 7 hours ago

DotnetDudeDotnetDude

73433 gold badges66 silver badges88 bronze badges

asked 7 hours ago

DotnetDudeDotnetDude

73433 gold badges66 silver badges88 bronze badges