Discuss the common dilemma freelancers face when they become too busy and the benefits of increasing rates to manage workload and boost income.
Body:
- Discuss the scenario of being overwhelmed with work and the negative impact it can have on productivity and well-being.
- Explain the concept of raising rates as a way to control workload and attract higher-paying clients.
- Mention the importance of communicating rate increases to existing clients and being prepared to potentially lose some clients in the process.
- Explore the economic principles of supply and demand in the context of freelancing, emphasizing the need to adjust rates based on demand to maintain a healthy balance.
- Provide tips on how freelancers can navigate the transition period after raising rates, including strategies for finding new clients and optimizing their workflow.
Summarize the key points regarding the benefits of raising rates as a freelancer and how it can lead to greater efficiency and financial success in the long run.
