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THE SECRET TO GETTING PAID WHAT YOU'RE WORTH

Jun 30, 2024

Do you feel like you’re working harder but not earning what you’re worth? What if your rates weren’t just a number but a reflection of how much you believe in your own value? Your rates hold the secret to how clients perceive your worth.

If you’re just starting out, charging a lower rate might make sense. But as your work improves and your expertise grows, it’s time to take a hard look at what you charge. Clients equate higher rates with better quality, reliability, and expertise. Charge premium rates, and you’ll unlock trust, better opportunities, and financial freedom to focus on your craft.

The Value of Raising Your Rates
As you elevate your work and grow your brand, consider gradually increasing your rates. A small bump—like moving from $250 to $275 per day—won’t scare away most clients, but it can cover extra expenses or fuel your growth.

The goal is to find a sweet spot between medium and premium rates for your market and skill level. Once you’re confident in your work, you might even justify going above premium—but be mindful not to price yourself out of the market.

Perceived Value Matters
Here’s the hard truth: clients pay for perceived value. Higher rates aren’t just about money—they’re a signal of expertise, creativity, and reliability. Clients want to feel confident that they’re investing in the best. And the real secret isn’t what you charge for the hour; it’s what you bring to the hour.

Your ability to deliver solutions, tell compelling stories, and solve problems is what truly sets you apart. When clients see the results you deliver, they’re willing to pay more and trust you with bigger opportunities.

I learned this firsthand after seeing other directors charge two or three times more for the same type of work. At first, I was frustrated. But then I realized the difference wasn’t in the work itself—it was in how they positioned their brand and presented their value.

How to Elevate Your Work and Your Rates

  1. Study the Best: Watch award-winning content and follow creators at the top of your field. Dive into platforms like MasterClass, Vimeo Staff Picks, or top-rated YouTube channels. Study how they use light, sound, and pacing to create impact. Break it down, take notes, and implement their strategies to elevate your own work.
  2. Refine Your Brand: Make sure your portfolio and demo reel reflect your best work. High-quality presentation leads to high-value perception.
  3. Build Credibility: Work with respected clients or on high-profile projects that showcase your capabilities.
  4. Invest in Growth: Take courses, upgrade your gear, and explore premium industry trends to uncover new ways to elevate your craft and position yourself as a leader.

A Personal Example
I once asked a talented friend for her day rate. To my surprise, she quoted a rate that was more suited to someone just starting out in television. It sent me a clear message about how she valued her time and experience. In contrast, when I decided to raise my rates, I backed it up by studying high-end work, refining my process, and ensuring my portfolio positioned me as a premium creator.

The Takeaway
Raising your rates isn’t just about making more money—it’s about valuing your time, skills, and the expertise you bring to every project. When you do great work, you deserve great pay. So take the time to elevate your craft, refine your brand, and confidently give yourself the raise you’ve earned.

Call to Action
What’s stopping you from unlocking the secret to higher rates? Fear of losing clients? The right clients—those who value your work—will see your rates as an investment in quality. Take 15 minutes today to reflect on your unique skills and identify one way to enhance your perceived value.

Update your demo reel, refine your portfolio, or explore a new creative technique. Then visit paulstevenforrest.com for expert resources to command the rates you deserve and elevate your career.