Always have a budget, even when you don’t

by | Jan 29, 2024 | Feature

Always have a budget when approaching someone for a project. It just makes life easier for both parties. You might have no idea how to price the work. Prepare a general number in mind that you are willing to spend and have it ready to communicate. It can be “low” or “high,” but that is relative. One person’s low is another high, and vice versa. You never know until you say it. Then, the conversation begins. I understand pricing is a delicate balance where both parties want more for less. In some cases, it’s just easier to be upfront with your needs and your means.

Always ask for a budget.

Have a budget in mind while scoping your project.

On the other side, if you are approached for work, always ask for a budget. You may have a price model or a fixed number you are looking for. But you must set realistic expectations in your mind. Some clients may not have the money to afford you. That should not be the only reason you take a project. Working solely for the money can be a soul-crushing experience. You may take a bit less on the monetary, but get a little more wiggle in the creativity. That can lead to extreme fulfillment and a loyal partnership.

Budgets are cool. They are like brand guides; they set parameters for both parties to get creative within.

Feature Photo by Jason Leung on Unsplash

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