Any tips on setting rates with a retainer fee?
I’m fairly new to freelancing and I began freelancing as a project management/operations consultant directly with a client about 7 months ago. We are in talks of extending work in 2023, but I would like to try and negotiate with a retainer.

For context, I’m at $100/hr and initial contract estimated 10/hr week, but actual work has been much lower.

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Posting as :
works at
You are currently posting as works at

If you’re hourly, you have the client agree in writing to guarantee your hours per X (week/month/project).. and then you bill that.

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Write it as “up to 40 hours per month. Base amount to be billed on the 1st of the month and due within 30 days. Any additional time shall be authorized in advance and billed with the next month’s retainer.”

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Delayed response, but thank you for your advice! This was accepted by my client while also being able to increase my rate 🙌

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