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How to Use Time Tracking for Better Freelance Job Bidding
Bidding on new jobs is arguably one of the most complex parts of working freelance. You need to send proposals to secure more work, but you don’t get paid for sending bids. Plus, there is plenty of rejection involved, making bids feel like an arduous chore.
Producing accurate bids will ensure you get paid what you’re worth, but first, you need a clear understanding of your time. You need to know how long tasks take to complete to factor into your proposals. If you get this part wrong, you could make a lot less money than you intend, or worse; you could even lose money.
For instance, let’s say you expect it will take three hours to write an article for a new client. But when you get into the task, it actually takes five hours. That’s two hours of unpaid time. If you knew the article would take five hours, you might have asked for a higher rate. Getting the time estimate right is even more critical for those who bill by the hour.
So how do you get a firm understanding of how you spend your time? Guesses and estimates are not good enough. You need to create your proposals from a data-based perspective by looking at your history. To get this information, you need to track your own time using time tracking software to get this information.
In this article, we teach you how to produce accurate freelance job bids by using time tracking software. These tips will make sure you are getting paid for your work.
