How do you Evaluate the Market Value of a Freelance Architect?
In the modern times of digitalization, freelancing is a popular trend in any field we talk about. Who exactly is a freelancer? Why is it trending? What do they actually do? What attracts people to practice as a freelancer?
A freelance architect is a person who offers the services and talents for a payable amount without expecting a permanent client. It is like a self-employment kind of thing, like working from home, running a business on their own terms. Talking about the architectural profession, the concept of freelancing is dazzling; after all, being a freelancer facilitates the concerned person the benefits and freedom of managing the business on his/her own terms. Being self-employed offers a flexible work environment and freedom to design, which obviously is a general craving for architects. Some do it for the extra pocket money. Working from on home on your conditions for that extra cash is obviously a good idea. The temptation of the concept of freelancing has attracted a large number of people to practice as a freelancer. Now, the question is how to evaluate the market value of a particular freelancer? What factors determine the commercial value? Below are some factors listed that help in determining the market value of a freelance.
Experience- Matters a lot
The freelancer is an asset. His/her experience matters a lot. More the experience a freelancer has gained, the more is commercial value. Thus, the time for which a person has been offering his/ her services and the experience that the person has gained in that particular field over a course of time helps in determining the market value of that particular person. Sometimes, a freelancer architect may have a lot of experience but is new to the field for which he has been hired. In that case, the market value of that freelancer in the new field will be comparatively less.
Here is a detailed analysis of the Importance Of Professional Experience For An Architect you must check out
Portfolio- Insight of the Work
Another way of judging the market value of a freelancer architect is by analyzing the portfolio of the concerned person. The portfolio gives an insight into the work and services offered by the freelancer. By analyzing the portfolio, you can very easily evaluate the market value of the freelancer.
Market Status- Your Actual Earning Report
It is quite common that the commercial value of an asset is evaluated by the impression they have in the architectural world. Better the image, the more is the commercial value. Analyze the market status of the freelance architect based on factors such as workmanship, professionalism, dependability.
Here is an example of How Effective Is Social Media to Get More Architecture Business?
Nature of Work- Expertise and Specialization
The kind of service offered by the freelance architect is another parameter of evaluating his/ her market value. For instance, different freelancers offer different services as some offer 2D drawings while others are specialized in 3D modelling, some offer consultation services while some deal with designing. Thus, the rate charged for different services vary. Research about the market rate of that particular service and then evaluate the commercial value of the freelancer.
Workmanship- Quality Speaks Itself
Better the quality of the work more is the commercial value. A person who plays with details will always charge more for his services. Evaluate the workmanship to evaluate the value so as to avoid having any kind of “D-grade” work. Remember, quality speaks itself.
Time Limit- Completion Rate
Some projects are to be completed in a very short duration of time. For such projects, freelancers usually charge a high price. The market value of a freelance architect for a particular project must be accounted for in reference to the time frame offered to complete that particular project.
These Pro Tips- How to Complete the Project within Budget will surely going to help you.
Also, check out How to Become a Freelancer Architect
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