With the rise of remote work and global opportunities, more freelancers are tapping into international markets to earn in stronger currencies like the US dollar (USD). However, pricing your services right can be the difference between thriving and simply getting by. This guide walks you through how to price your freelance services to earn in USD, what factors to consider and how using Grey can help you manage your income more efficiently.
Also read: Let’s talk about pricing your freelance services
Factors to consider when pricing your services
- Skill level and experience: The more specialised or in-demand your expertise, the higher your rate should be.
- Project complexity: A one-page flyer is very different from a full branding and marketing strategy. Consider the time, research, and skill involved.
- Client budget and location: Clients in the US, UK, or Canada often have larger budgets than local clients, so adjust your rates accordingly.
- Deliverables and timeline: Fast turnarounds or multiple revisions should attract a premium fee.
Also read: Essential guide to protecting intellectual property for freelancers
Pricing models that work for freelancers
- Hourly rates: Useful for ongoing or time-based work. Tools like Toggl and Harvest help track time.
- Project-based pricing: Better for defined deliverables like websites, content calendars, or product photography.
- Retainer agreements: Best for long-term clients with consistent work (e.g., $800/month for social media management).
- Value-based pricing: Charge based on the results you deliver. If your email campaign brings in $10,000 in sales, charging over $1,500 is fair.
Also read: Time tracking and invoicing solutions for freelancers
Why you should use Grey to earn in USD
- Receive USD with ease: Grey gives you access to international bank accounts so you can receive money directly from foreign clients.
- Faster withdrawals: Unlike traditional bank transfers, which may take days, Grey typically processes withdrawals in less than 24 hours.
- Favourable exchange rates: Convert your USD to your local currency at rates better than what most traditional banks offer.
- Convenience and flexibility: With Grey, you can also hold funds in USD or convert only when needed, helping you manage currency fluctuations more effectively.
Also read: How international banking works for freelancers and independent contractors
A smarter way to earn in USD
Pricing your freelance services in USD helps you tap into global markets and significantly increase your earnings. By considering key pricing factors, using trusted platforms, and adopting the right payment models, you can position yourself for consistent, high-value international work.
Sign up for Grey today and start receiving USD payments effortlessly