Tuesday, 9 April 2013

The Business of Freelance Illustration - Time, Budgets and How Much to Charge

This lecture covered time, budgets and how much to charge. We first went through time, and how it can affect your work. It then went on to time management strategies, explaining things that we can do to help with your time management, for example, knowing your personal clock, making lists, setting daily duties, and techniques of time management, mainly the Pomodoro Technique, where you set a timer to 25 mins, and work on a specific task until the timer stops, then take a 5 minute break.

Under creating a budget, we covered, why you need to set a budget, and some of the things that we need budgets for, i.e. marketing and promotion, and any outside help like accountants. When trying to answer the question, how much to charge, there isn't really a set amount, it all depends on the client and the job. We also covered usage and rights, and what they are, and the basic information about them.

Another useful, and interesting topic brought up in this lecture was The Project Triangle

The client can pick any two, but not have all three. Good and Fast? Not Cheap. Good and Cheap? Not Fast. Cheap and Fast? Not Good.

This lecture was helpful, as it covered things that I wouldn't have known how to do when the time came that I had to do it.

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