48 minutes ago, Rutin said:No worries. I'm not sure how many gigs you've done prior to this, but I personally make it a habit to keep a certain amount I'm willing to go no lower than on services I provide, then pass up deals that are not in my range in most cases. You gotta put value in what you do otherwise nobody else will. Don't be afraid to walk away from a gig if it's not what you want, it most likely isn't life changing money.
Apart from the IT industry, I run a legal services business and I get calls all the time from contractors that took bad deals, and didn't even get paid... They knew the company had a cash flow problem before starting and still went along, and even gave them a break on pricing but still got screwed.
My advice is to calculate the amount you're happy with working at per word, then pass on that number and see where it goes. At the end of the day it doesn't matter if you charge an industry low or high if the company cannot pay you. Make sure you set terms as well and if they miss one payment I would suggest demanding a deposit that you'll hold on account.
Prior to this, I have worked on minor freelance projects over the years. For those, I typically set a rate per word that made it easy for both me and the client to keep up with. However, this situation is significantly bigger than those based off the context and scope of the project in question, which is why I am having a hard time deciding on a price to open the negotiations with. It is the type of gig that I would absolutely not want to walk away from.
As this is a Fixed Price + Revenue job is working per word still a viable metric to go by?
Thanks again.