Rate Increase Impact
Fear of losing clients is the #1 reason freelancers don't raise their rates. Model exactly how much work you can afford to lose while making the exact same amount of money.
Your Numbers
You can lose 23% of your work
If you raise your rate from $50 to $65, you only need to bill 77 hours to make the same $5,000 you make today. That means you can afford to lose 23 billable hours and still break even.
Monthly Income Scenarios
Current ($50/hr)$5,000
New Rate, Same Hours ($65/hr)$6,500
If nobody leaves, you make +$1,500